[2 February 2026 – Hong Kong] Envision Greenwise Holdings Limited (“Envision Greenwise” or the “Group”; Stock Code: 01783.HK) is pleased to announce that it has officially entered into a Strategic Framework Agreement (the “Agreement”) with Tianqi Grand Vision Energy Limited (“Tianqi Grand”), a wholly-owned subsidiary of the global lithium leader Tianqi Lithium Corporation (“Tianqi Lithium”). The Parties will collaborate on the recycling and regeneration of retired lithium-ion batteries in Hong Kong, engaging in deep synergy across core R&D, equity investment, and black mass material supply to jointly establish a regional model for a green circular industry chain, spanning from “Battery Recycling” to “Material Reuse.”
According to the Agreement, the Parties will collaborate in the following three core areas:
1. Jointly Advancing R&D to Overcome Recycling Challenges
The Parties plan to establish joint laboratories or joint projects to collaborate on the R&D of lithium-ion battery recycling technology, aiming to enhance the refined recovery capability of high-value materials such as black mass.
2. Strengthening Capital Ties to Drive Overseas Business Expansion
The Parties plan to establish a capital tie-up through cross-equity investments to complete the development of closed-loop technology for battery recycling and enhancing related disposal capabilities in Hong Kong. Meanwhile, both Parties have identified Hong Kong as the first station for their global cooperation, with plans to synergistically develop overseas battery recycling businesses and expand into other regional centres.
3. Closed-loop Resource Synergy Leveraging the “Super Connector” Advantage
Envision Greenwise will supply battery black mass materials to Tianqi Grand in compliance with agreed specifications and requirements
This collaboration further strengthens Envision Greenwises upstream partnership network in the field of EV battery resource circulation. Mr. Zhan Zhihao, Chief Executive Officer and Executive Director of Envision Greenwise, stated: “With the Group’s EV battery processing facility in Hong Kong nearing commencement of production, we have developed the core capability to convert lithium-ion batteries into high-purity black mass, achieving a large-scale transformation from green retired resources into critical raw materials. This cooperation further reinforces our industrial positioning and synergistic capabilities, while clearly demonstrating to the market the investment value and vast prospects of the circular economy for lithium batteries. We look forward to joining hands with Tianqi Lithium to explore new sustainable development paths that drive capital flow through green industries and reshape business closed-loops through low-carbon value.”
About the Partner:
TIANQI GRAND VISION ENERGY LIMITED is a wholly-owned subsidiary of Tianqi Lithium Corporation in Hong Kong, dedicated to the exploration and development of the lithium battery industry in the Hong Kong region. Tianqi Lithium Corporation (SZSE: 002466 / HKEX: 9696) is a new energy materials enterprise with lithium at its core, committed to lithium resource development and lithium product processing to provide sustainable lithium solutionss for the global clean energy transition.
