Xingyuan Materials announced that Eurostar, a wholly-owned subsidiary, signed a “Fixed-Point Agreement” with a power battery subsidiary under the German Volkswagen manufacturer, agreeing that Eurostar will supply customers with about 1,558 billion square meters of wet coated lithium-ion battery separator materials from 2027 to 2034. The company signed a “Fixed-Point Agreement” with the customer in November 2024. The total supply is expected to be about 2.09 billion square meters during the period 2025-2032. Based on the successful implementation of the agreement, the company expects to supply a total of about 3.6 billion square meters to the customer. This agreement is a framework agreement and does not constitute a performance commitment.

Xingyuan Materials announced that Eurostar, a wholly-owned subsidiary, signed a “Fixed-Point Agreement” with a power battery subsidiary under the German Volkswagen manufacturer, agreeing that Eurostar will supply customers with about 1,558 billion square meters of wet coated lithium-ion battery separator materials from 2027 to 2034. The company signed a “Fixed-Point Agreement” with the customer in November 2024. The total supply is expected to be about 2.09 billion square meters during the period 2025-2032. Based on the successful implementation of the agreement, the company expects to supply a total of about 3.6 billion square meters to the customer. This agreement is a framework agreement and does not constitute a performance commitment.