Tianqi Lithium to Cancel Over 113,000 Restricted Shares After Mixed 2025 Performance

Tianqi Lithium Corp. Class H ( (HK:9696) ) has issued an update.

Tianqi Lithium Corporation has moved to repurchase and cancel 113,113 restricted A shares under its 2024 A Share Restricted Share Incentive Scheme, at a price of RMB16.71 per share, after a board decision on 27 April 2026. The shares being cancelled are those that failed to meet unlocking conditions tied to company-level performance targets for 2025 and to the departure of certain incentive participants.

Although Tianqi exceeded its 2025 EBITDA target with RMB5.311 billion and achieved a 121.26% completion rate on that metric, its lithium compounds and derivatives sales volume fell to 86,715.65 tons from 102,803.71 tons in 2024, yielding an 84.35% completion rate on that indicator. The mixed performance resulted in a 92.18% overall unlocking ratio, prompting the repurchase of 7,882 restricted shares from 20 participants, while an additional 105,231 granted but unvested shares held by four resigned employees will also be repurchased and cancelled, slightly reducing share-based dilution and tightening alignment between incentives and performance.

The most recent analyst rating on (HK:9696) stock is a Hold with a HK$57.30 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 Chinese lithium producer focused on lithium compounds and derivatives, serving global battery and new energy markets. The company is listed in Hong Kong as Class H shares and operates within the broader new energy materials and electric vehicle supply chain industry.

Average Trading Volume: 6,803,231

Technical Sentiment Signal: Buy

Current Market Cap: HK$138.6B

For an in-depth examination of 9696 stock, go to TipRanks’ Overview page.