Announcement • May 30
Lithium Universe Limited Announces Board Changes Lithium Universe Limited announced several changes to its Board of Directors on May 29, 2026. Both Mr. Iggy Tan (Chairman) and Dr Jingyuan Liu (Executive Director) stepped down from the Board to focus on advancing the Company’s key growth projects, including the Port of Brownsville Lithium Refinery in Texas, the Bécancour Lithium Refinery in Canada, the Silver Extraction PV Recycling Project, and the recently acquired Gold Copper Extraction E-Waste project. Mr. Tan continued in his role as Chief Executive Officer, while Dr Liu remained as Chief Technical Officer. Mr. Pat Scallan (Non-Executive Director) and Ms Rachel Rees (Non-Executive Director) also retired from the Board to pursue other opportunities. The Company appointed Mr. Rohan Bone as Non-Executive Director. Following these changes, the Board comprised Mr. Gernot Abl as Non-Executive Chairman, Mr. Harry Spindler as Non-Executive Director, and Mr. Rohan Bone as Non-Executive Director. Mr. Rohan Bone is an experienced mining executive with more than 18 years of international experience across Australia, Asia, North America and Europe in the mining and minerals industry. His career has included senior leadership roles across operations, strategy, business development, project development and commercial management in multiple commodities and jurisdictions. Mr. Bone is currently Chief Executive Officer of Infini Resources, where he leads the company’s uranium and lithium exploration activities across Australia and Canada, including corporate strategy, governance, investor relations, and project development. Previously, Mr. Bone held senior positions with Alcoa and Thyssenkrupp Mining Technologies, where he led major feasibility studies, operational strategy initiatives, business transformation programs, contract negotiations and commercial evaluations across global mining operations. Mr. Bone holds a Bachelor of Engineering (Mining Engineering) from Curtin University, a Master of Engineering Science from University of New South Wales and a Graduate Diploma in Regional Development from University of Western Australia. Board Change • May 09
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO & Executive Chairman Iggy Tan is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Rachel Rees was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2025 earnings released: AU$0.008 loss per share (vs AU$0.015 loss in FY 2024) Full year 2025 results: AU$0.008 loss per share (improved from AU$0.015 loss in FY 2024). Net loss: AU$9.68m (loss narrowed 14% from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. 
