en.Wedoany.com Reported - Suzhou Tianhua New Energy Technology Co., Ltd. (hereinafter referred to as "Tianhua New Energy", 300390.SZ) announced on June 22, 2026 that its controlled subsidiary, Yichun Shengyuan Lithium Industry Co., Ltd. (hereinafter referred to as "Shengyuan Lithium"), has signed a "Capital Increase and Cooperation Agreement" with Huaqiao Yongtuo and Huaqiao Mining. Shengyuan Lithium will contribute the Jinzifeng Mine, valued at 2.692 billion yuan, to Huaqiao Mining as capital, subscribing for an additional registered capital of 200 million yuan, thereby obtaining a 50% equity stake in Huaqiao Mining after the capital increase.
Huaqiao Mining is a significant lithium mining enterprise in Jiangxi Province, holding the mining license for the Huashan Mine. Upon completion of this capital increase, the registered capital of Huaqiao Mining will increase from 200 million yuan to 400 million yuan. Shengyuan Lithium and Huaqiao Yongtuo will each hold a 50% equity stake in Huaqiao Mining, which will then hold the mining licenses for both the Huashan Mine and the Jinzifeng Mine. Huaqiao Mining will apply to the relevant authorities for the merger of the mining rights for the Jinzifeng Mine and the Huashan Mine, combining the two mining rights into a new mining right. Based on this new mining right, it will apply for a safety production permit for an annual mining scale of 18 million tons, as well as other permits required for production and construction.
Subsequently, Huaqiao Mining will organize ore mining uniformly. For the mined ore, Shengyuan Lithium and Huaqiao Yongtuo will obtain the corresponding off-take rights for ore production volumes according to the original boundaries of the Huashan Mine and the Jinzifeng Mine. Tianhua New Energy is a listed company focused on the new energy materials sector, with businesses covering lithium battery materials and anti-static ultra-clean technology products. Shengyuan Lithium is a key platform for Tianhua New Energy's lithium resource deployment. Both the Jinzifeng Mine and the Huashan Mine are located in Yichun City, Jiangxi Province, a region rich in lepidolite resources in China. Upon completion of this capital increase, Tianhua New Energy will indirectly hold a 50% equity stake in Huaqiao Mining through Shengyuan Lithium, further enhancing the company's control over lithium mineral resources and providing raw material security for its lithium battery materials business.
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