According to Longpan Technology's announcement, LBM, a second-tier holding subsidiary of the company, plans to sell 76% of its shares in PT LBM to KINETIQ at a price of 31.92 million US dollars to meet the relevant policy requirements of the North American market and guarantee supply to North American customers. After the transaction is completed, PT LBM will no longer be included in the scope of the company's consolidated statements, and LBM will still hold 23.99% of PT LBM's shares. PT LBM specializes in lithium iron phosphate cathode materials, with a design capacity of 90,000 tons/year, and is currently under construction. This transaction does not involve related transactions or major asset restructuring, and related proposals will be submitted to the 6th Extraordinary Shareholders' Meeting in 2026 for consideration.

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