Securities code: 688779 Securities abbreviation: long-term lithium branch announcement number: 2023-012.

Convertible Bond Code: 118022 Convertible Bond Short for: Liko Convertible Bond

Hunan Long-term Lithium Co., Ltd.

Risk Prompt Announcement on the Appropriateness Requirements of Convertible Bond Investors

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

According to the relevant laws and regulations and the prospectus of Hunan long term lithium Co., Ltd. (hereinafter referred to as "the company"), the "prospectus of Hunan long term lithium Co., Ltd. to issue convertible corporate bonds to unspecified objects" (hereinafter referred to as the "prospectus"), the "lithium convertible bonds" issued by the company can be converted into shares of the company from April 17, 2023.

The Company is now issuing convertible bonds to unspecified objects, and the risk that the "Liko Convertible Bonds" held by investors of convertible bonds of the Company that do not meet the appropriateness requirements of investors in the shares of the Science and Technology Innovation Board cannot be converted into shares is announced as follows:

Overview of the issuance and listing of 1. convertible bonds

With the approval of the China Securities Regulatory Commission on the approval of Hunan long-term Lithium Co., Ltd. to issue convertible corporate bonds to unspecified objects (CSRC license [2022] No. 1784), the registration is approved,

The Company issued 32.5 million convertible corporate bonds to unspecified persons on October 11, 2022,

Each with a face value of RMB 100 and a total issue amount of RMB 3,250 million. The method of issuance is to the company.

After the close of the equity registration date (October 10, 2022, T-1), China Securities Depository and Clearing Co., Ltd.

The original shareholders registered in the Shanghai Branch have priority placement, and the balance after the priority placement of the original shareholders (including the part of the original shareholders who gave up the priority placement) is issued to public investors through the Shanghai Stock Exchange trading system online. The balance is all underwritten by the sponsor (lead underwriter).

By the Shanghai Stock Exchange self-regulatory decision [2022] No. 302 agreed, the company 325,000.00.

Ten thousand yuan convertible corporate bonds will be listed and traded on the Shanghai Stock Exchange from November 7, 2022.

It is called "Liko Convertible Bond" and the bond code is "118022".

In accordance with the relevant provisions and the Company's Prospectus, the Company issued the "Liko Convertible Bonds"

Convertible into shares of the Company from 17 April 2023.

2. the risk that the convertible bonds held by investors of the Company's convertible bonds that do not meet the investor suitability requirements for the shares of the CRE Board

The Company is a listed company on the CRE Board, and the investors who issue convertible bonds to unspecified objects and participate in the conversion of convertible bonds shall meet the requirements for the management of the appropriateness of investors on the CRE Board. Investors participating in the convertible bonds of the board may buy or sell the convertible bonds held by them, and if the holders of the convertible bonds do not meet the requirements of the appropriateness management of the investors of the board, the holders of the convertible bonds cannot convert the convertible bonds held by them into shares of the company. Investors need to be concerned about the risks and possible impact of their convertible bonds not being able to be converted into shares due to their non-compliance with the investor suitability management requirements of the CRE Board.

3. Other

For details of the Liko Convertible Bonds, please refer to the Company's release on September 30, 2022.

The prospectus for the issuance of convertible bonds by Hunan Long-term Lithium Co.

Contact Department: Board Office

Tel: 0731-88998117

Contact email: cylico@minmetals.com

It is hereby announced.

Board of Directors of Hunan Long-term Lithium Co., Ltd.

March 17, 2023