According to Longpan Technology's announcement, LBM, the company's second-tier holding subsidiary, plans to sell 76% of its shares in PTLBM, a third-tier holding subsidiary, to KINETIQ for a transaction consideration of US$31.92 million. After the transaction was completed, PTLBM was no longer included in the scope of the company's consolidated statements. As of September 30, 2026, PTLBM had not repaid LBM's loan principal amount of 55 million US dollars and a total principal and interest of 573.07 million US dollars, passively forming financial support for participating companies. PTLBM promised to repay all loan principal and interest by December 31, 2026, with an annual interest rate of 4.00% on loans. The matter has been reviewed and approved by the board of directors of the company and still needs to be submitted to the shareholders' meeting for consideration.

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