Changes in Hong Kong stocks | Longpan Technology (02465) opened more than 7%, holding Sun Company and Sunwoda signed a long order of nearly 5 billion yuan

The Zhitong Finance App learned that Longpan Technology (02465) opened more than 7% higher. As of press release, it rose 7.26% to HK$15.81, with a turnover of HK$13.185,500.

According to the news, Longpan Technology announced that the holding company and Sunwoda signed a long-term procurement agreement for lithium iron phosphate cathode materials, with an estimated sales amount of about 45-5.5 billion yuan. According to the announcement, the agreed purchase volume is for the seller to sell a total of 106,800 tons of lithium iron phosphate cathode materials to the buyer from 2026 to 2030 that meet the specifications agreed by the two parties. The sales price is affected by fluctuations in raw materials, and the two parties will confirm it on a monthly basis in accordance with the terms of the agreement.

It is worth noting that on November 24, the company signed “Supplementary Agreement 2” with Chuneng New Energy's wholly-owned subsidiary. The sales volume increased from the original 150,000 tons of lithium iron phosphate cathode material products to 1.3 million tons. The validity period of the agreement was extended from April 30, 2030 to December 31, 2030. According to the estimated volume and market price, the total sales amount exceeds 45 billion yuan.