Longpan Technology announced that the 14th meeting of the fifth board of directors of the company deliberated and passed the “Proposal on Signing a Continued Connected Transaction Agreement with LG ENERGY SOLUTION, LTD.” LGES holds 20% of the company's third-level holding subsidiary and is considered a related party. The company signed separate procurement and sales agreements with them, and agreed on the maximum amount of procurement and sales transactions from 2026 to 2028. The transaction constitutes a continuing connected transaction, subject to relevant requirements, but is exempt from some requirements, and does not constitute a related transaction as specified above. The vote on the bill was 10 votes in favor, 0 against, and 0 abstentions.

Longpan Technology announced that the 14th meeting of the fifth board of directors of the company deliberated and passed the “Proposal on Signing a Continued Connected Transaction Agreement with LG ENERGY SOLUTION, LTD.” LGES holds 20% of the company's third-level holding subsidiary and is considered a related party. The company signed separate procurement and sales agreements with them, and agreed on the maximum amount of procurement and sales transactions from 2026 to 2028. The transaction constitutes a continuing connected transaction, subject to relevant requirements, but is exempt from some requirements, and does not constitute a related transaction as specified above. The vote on the bill was 10 votes in favor, 0 against, and 0 abstentions.