Shandong Hi-Tech Spring Material Technology (301292.SZ) signed a "Strategic cooperation and raw material supply agreement" with Hefei Qianrui.

Shandong Hi-Tech Spring Material Technology (301292.SZ) announced that the company has signed a "Strategic Cooperation and Raw Material Supply Agreement" with Hefei Qianrui Technology Co., Ltd. (referred to as "Hefei Qianrui") on October 21, 2025. According to the agreement, during the effective period of the agreement [January 1, 2026 to December 31, 2028], Hefei Qianrui will purchase 200,000 tons of electrolyte solvents and additives from Shandong Hi-Tech Spring Material Technology. The actual purchase quantity of the products will be based on confirmed orders by both parties. Hefei Qianrui is a technology-based enterprise specializing in the research, development, process design, manufacturing, and sales of lithium-ion battery electrolytes and related raw materials. It has business segments in electrolytes, carbonates, etc., to meet the production needs of various types of lithium battery cells for power, energy storage, digital, and other applications. The signing of this cooperation agreement between the two parties aims to establish comprehensive strategic cooperation and scaled supply, leveraging each other's strengths to ensure stable future raw material supply for Hefei Qianrui. This will also have a positive impact on the company's sales, contribute to enhancing the company's brand influence and market competitiveness.