Gelonghui January 10 丨 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 BlueOval Battery Park, Michigan (hereinafter “Blue Oval”) have signed a “Supply Agreement” (hereinafter referred to as the “Agreement”). The agreement stipulates that Lithium Source (Asia Pacific) will sell lithium iron phosphate cathode materials to Blue Oval for a period of five years. The specific unit price will be determined by the parties on a monthly basis in accordance with the terms of this agreement, and this contract meets the disclosure standards stipulated in the “Shanghai Stock Exchange Stock Listing Rules”.
The agreement is a sales contract related to daily operations. The company's signing of this agreement helps establish long-term stable relationships with downstream partners, contributes to stable sales of the company's products, and conforms to the company's development strategy plan. If the contract is successfully executed, it will have a positive impact on the company's future performance. Please refer to the regular reports disclosed by the company for the impact on the company's annual results.
