Tianqi Lithium Industry replies to the Shenzhen Stock Exchange's letter of concern: The month-on-month fluctuation of the average sales price of the company's products in Quarter 1 is consistent with the market conditions in the same period

Tianqi Lithium replied to the letter of concern from the Shenzhen Stock Exchange: The month-on-month fluctuation of the average sales price of the company's products Quarter 1 is in line with the market conditions in the same period, and the change in operating conditions is in line with the trend of industry changes. With the shortening of the pricing cycle of Wenfield Lithium Mine, the decline of lithium ore prices from high levels and gradual stabilization, and the gradual digestion of the existing lithium concentrate inventory by the stable production and operation and sales of the company's lithium chemical product production bases, the outbound cost of chemical-grade lithium concentrates of the company's production bases will gradually approach the latest purchase price, and the phased mismatch of the lithium concentrate pricing mechanism will gradually weaken, thus having a relatively positive impact on the company's subsequent operations; at the same time, the impact of the subsequent mining tax (if any) accrued by the joint venture company SQM on the company's