Tianqi Lithium Director Resigns, Board Moves to Maintain Governance Compliance

Tianqi Lithium Corp. Class H ( (HK:9696) ) just unveiled an update.

Tianqi Lithium Corporation has announced that independent non-executive director Xiang Chuan has tendered his resignation after nearly six consecutive years of service, stepping down from his roles on the audit and risk, strategy and investment, and remuneration and appraisal committees. His departure is in line with regulatory requirements for independent directors and he holds no shares or lock-up commitments in the company.

Because Xiang’s exit would temporarily leave several board committees out of compliance with Hong Kong listing rules and Chinese corporate governance regulations, his resignation will only take effect once shareholders approve a new independent non-executive director at a general meeting, and he will remain in post until then. The board emphasized there is no disagreement between Xiang and the company, praised his contributions to governance and long-term development, and pledged to complete the appointment of his successor as soon as practicable.

The most recent analyst rating on (HK:9696) stock is a Buy with a HK$78.00 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page.

More about Tianqi Lithium Corp. Class H

Tianqi Lithium Corporation is a Mainland China–incorporated company listed in Hong Kong, operating in the lithium sector that supplies key materials to the new energy and battery industries. The company is governed by a board comprising executive and independent non-executive directors, with its shares traded under stock code 9696 on the Hong Kong Stock Exchange.

Average Trading Volume: 5,358,512

Technical Sentiment Signal: Hold

Current Market Cap: HK$100.1B

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