Longpan Technology: Signed a continuous related transaction agreement with LGES and agreed on a transaction amount ceiling for the years 2026 - 2028.

Longpan Technology announced that the company's 14th meeting of the 5th Board of Directors reviewed and approved the proposal regarding signing a continuing connected transaction agreement with LG ENERGY SOLUTION, LTD. LGES holds 20% of the equity in the company's third-level holding subsidiary, which is considered a connected party. The company has entered into procurement and sales agreements with it, stipulating the upper limit on procurement and sales transaction amounts for the years 2026 to 2028. This transaction constitutes a continuing connected transaction and must comply with relevant regulations, but certain requirements are exempted, and it does not constitute a related party transaction as defined by the Shanghai Stock Exchange. The voting results for the proposal were 10 votes in favor, 0 votes against, and 0 abstentions.