Longpan Technology: Signed a 6 billion yuan agreement with CATL for the purchase of lithium iron phosphate cathode materials.

Longfan Technology Announcement: The holding subsidiary LBM NEW ENERGY PTE. LTD. has signed a procurement cooperation agreement for lithium iron phosphate cathode materials with Contemporary Amperex Technology Co. Limited. The agreement is expected to sell a total of 157,500 tons of lithium iron phosphate cathode materials to CATL's overseas factories in the second quarter of 2026 to 2031, with a total sales amount exceeding 6 billion yuan. This transaction does not constitute a related party transaction or a major asset restructuring and has been approved by the 42nd meeting of the 4th Board of Directors of the company. The fulfillment of the contract will have a positive impact on the company's future performance, but there is uncertainty in the actual sales quantity, amount, and revenue.