The Zhitong Finance App learned that Longpan Technology (02465) rose by more than 5%. As of press release, it had risen 5.08% to HK$9.92, with a turnover of HK$886.34,500.

According to the news, on October 8, Longpan Technology announced that Nanjing Lithium Source, a second-tier holding subsidiary of the company, and Zhejiang Jiyao Tong Energy Technology signed a strategic cooperation framework agreement to sell a total of 86 to 375.67,800 tons of lithium iron phosphate cathode materials from 2026 to 2030. The specific sales volume is determined based on orders, and the unit price is determined on a monthly basis due to fluctuations in raw material prices.

This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the board of directors and shareholders' meetings for consideration. The company said that the agreement will help establish long-term stable relationships with downstream partners and enhance the company's competitiveness in the field of new energy battery materials. If successfully implemented, it will have a positive impact on future performance.

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