Longpan Technology: Holding Subsidiary Signs Sales Contract Worth 4.5 to 5.5 Billion RMB

Longpan Technology Announcement: The holding subsidiary LBM New Energy Pte. Ltd. has signed a "Long-term Purchase Agreement" with Sunwoda Automotive Energy Technology Co., Ltd. The agreement stipulates that it is expected to sell a total of 106,800 metric tons of lithium iron phosphate cathode materials meeting the agreed specifications to Sunwoda from 2026 to 2030. The agreement also specifies the minimum purchase quantity and maximum supply quantity, and the demand scale will be calibrated every two years, with the calibrated demand not less than the agreed annual minimum purchase quantity. The specific unit price will be determined monthly by both parties according to the terms of the agreement. Based on the estimated quantity and market price, the total sales amount of the contract is approximately RMB 4.5-5.5 billion.