Lopal Technology: Indonesia's Sovereign Wealth Fund Completed a USD 150 Million Investment in Lopal Technology's Indonesian Factory

Indonesian Investment Authority (INA) has completed a USD 150 million investment in Lithium (Asia-Pacific) with the operating subsidiary of Lopal Technology in Indonesia. Assisi Alliance LP, a co-investor of INA also invested USD 50 million. INA and its co-investors have paid the transaction price in full and the transaction is completed. Following the completion of the investment, INA currently holds a 34.0% stake in Lithium Source (Asia Pacific) and Aisis holds an 11.3% stake. Changzhou Lithium Source is a subsidiary of Lopal Technology, which currently holds a 54.6% stake in Lithium Source (Asia Pacific), down from 100% before the investment. Changzhou Lithium Source will continue to hold a controlling stake in Lithium Source (Asia Pacific) and participate in the daily operation and management of Lithium Source (Asia Pacific).