Huayou Cobalt: Subsidiary signs sales contract for 76,000 tons of ternary precursor with LGES.

HuaYou Cobalt Industry announces that its subsidiary Quzhou New Energy has signed a "Ternary Precursor Supply Agreement" with LGES, agreeing to supply a total of approximately 76,000 tons of ternary cathode precursor products to LGES and its designated purchasers from 2026 to 2030. At the same time, its subsidiaries Chengdu Bamo and Bamo Hungary have signed a "Basic Purchase Agreement" for ternary cathode materials with LGES and its subsidiary LGES Poland Factory, agreeing to supply a total of approximately 88,000 tons of battery ternary cathode materials to LGES and LGES Poland Factory from 2026 to 2030. The contracts/agreements will not have a significant impact on the current period, and are expected to have a positive impact on the company's operating performance from 2026 to 2030 after formal supply.