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09/10/2026 08:37

Longpan Technology (02465) experiences abnormal stock price fluctuations; subsidiary Nanjing Lithium Source signs framework agreement for sales of lithium iron phosphate cathode material

   Economic Information Daily reported on the 9th: Longpan Technology (02465)(Shanghai: 603906) announced that its stock closing prices rose by cumulative deviations exceeding 20% over two consecutive trading days, namely last Wednesday (30th) and yesterday, which constitutes an abnormal fluctuation in stock trading.

   The group stated that yesterday, its second-tier subsidiary, Nanjing Lithium Source Nano Technology, signed a strategic cooperation framework agreement with Zhejiang Ji Yao Tong Xing Energy Technology. According to the agreement, provided that product settlement prices are competitive and delivery cycles, quality, and technology meet requirements, Nanjing Lithium Source and its affiliated production parties will collectively supply between 378,600 and 567,800 metric tons of lithium iron phosphate cathode material to Ji Yao Tong Xing from 2026 to 2030, with specific volumes determined by purchase orders. The specific unit prices, influenced by fluctuations in key raw material prices, will be determined monthly by both parties according to the agreement terms.

   The group further stated that, after self-inspection and written inquiries to controlling shareholders and actual controllers, it has confirmed that there are no significant matters or information that should have been disclosed but were not. Current production and business operations are normal, core business has not undergone significant changes, market environment and industry policies have not experienced significant adjustments, and internal production and operation orders remain normal. (wh)
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