Summary by Moomoo AI
TIANQI LITHIUM CO., LTD. (“TIANQI LITHIUM”) RECEIVED A LETTER OF CONCERN FROM THE SHENZHEN STOCK EXCHANGE ON APRIL 23, 2024 REQUESTING SUPPLEMENTAL GUIDANCE ON ITS FIRST QUARTERLY RESULTS FORECAST FOR 2024. The announcement shows that Tenchi Lithium expects a net profit loss of RMB 36 billion to 44 billion yuan for the first quarter. The main issues of concern to the Shenzhen Stock Exchange include the compliance of Tenchi Lithium with the changes in the performance of the Kobi company, and the impact of the Chilean SQM Tax Dispute Resolution on the net profit of Tenchi Lithium. IN ADDITION, THE SHENZHEN STOCK EXCHANGE REQUESTED THAT TIANQI LITHIUM INDUSTRIES VERIFY THE MEMORANDUM OF UNDERSTANDING SIGNED BY ITS JOINT VENTURE SQM WITH THE CHILEAN NATIONAL COPPER COMPANY, ASSESS THE IMPACT AND DESCRIBE THE REMEDIES. TIANCHI LITHIUM IS REQUIRED TO RESPOND TO QUESTIONS AND DISCLOSE TO THE SHENZHEN STOCK EXCHANGE BY APRIL 26, 2024.