Dragon Pans Technology: Entered into a sales and procurement framework agreement with LGES, involving ongoing related party transactions.

date
06/08/2026
Longpan Technology announced that on August 6, the company entered into a sales and procurement framework agreement with LGES, effective from January 1, 2026, to December 31, 2028. Under the sales framework agreement, the company will supply Longpan products to LGES, with the suggested annual cap for 2026-2028 set at 9 billion yuan; under the procurement framework agreement, LGES will supply products to the company, with a suggested annual cap for the same period set at 6 billion yuan. Some previous sales transactions were not disclosed in a timely manner, and the company has implemented internal control measures to prevent similar situations from occurring.