Zhitong Financial App News, Longpan Technology (02465.HK) announced that the company holds Sun Company LBM New Energy (AP) Pte. Ltd. (hereinafter referred to as “Lithium Source (Asia Pacific)”) and Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. (hereinafter “Sunwoda”) have signed a “Long-term Purchase Agreement” (hereinafter referred to as the “Agreement”). According to the agreement, it is estimated that Lithium Source (Asia Pacific) (hereinafter referred to as the “seller”) will sell 106,800 tons of lithium iron phosphate cathode materials to Sunwoda (hereinafter referred to as the “buyer”) in total from 2026 to 2030, and agree on a minimum purchase amount and maximum supply. The two parties agree to calibrate the requirements every two years, and the demand after calibration will not be lower than the annual minimum purchase amount agreed upon in the agreement. The specific unit price is determined by both parties on a monthly basis according to the terms of the agreement. For example, according to the estimated quantity and market price, the total sales amount of the contract is about RMB 45-5.5 billion (finally settled according to the actual sales order), which meets the disclosure standards stipulated in the “Shanghai Stock Exchange Stock Listing Rules”.

Zhitong Financial App News, Longpan Technology (02465.HK) announced that the company holds Sun Company LBM New Energy (AP) Pte. Ltd. (hereinafter referred to as “Lithium Source (Asia Pacific)”) and Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. (hereinafter “Sunwoda”) have signed a “Long-term Purchase Agreement” (hereinafter referred to as the “Agreement”). According to the agreement, it is estimated that Lithium Source (Asia Pacific) (hereinafter referred to as the “seller”) will sell 106,800 tons of lithium iron phosphate cathode materials to Sunwoda (hereinafter referred to as the “buyer”) in total from 2026 to 2030, and agree on a minimum purchase amount and maximum supply. The two parties agree to calibrate the requirements every two years, and the demand after calibration will not be lower than the annual minimum purchase amount agreed upon in the agreement. The specific unit price is determined by both parties on a monthly basis according to the terms of the agreement. For example, according to the estimated quantity and market price, the total sales amount of the contract is about RMB 45-5.5 billion (finally settled according to the actual sales order), which meets the disclosure standards stipulated in the “Shanghai Stock Exchange Stock Listing Rules”.