HK Stock Market Move | CALB(03931) rose more than 3% recently signed a cooperation framework agreement with Chengxin Lithium Group.

CALB (03931) rose more than 3%, rising 3.2% as of the time of writing, to 26.46 Hong Kong dollars, with a turnover of 89.8559 million Hong Kong dollars. On the news front, recently, Chengxin Lithium Group signed a "2026-2030 Cooperation Framework Agreement" with CALB. According to the announcement, from 2026 to 2030, CALB will purchase 200,000 tons of lithium salt products from Chengxin Lithium Group, with specific purchase quantities to be stipulated in sub-orders. This is another long-term large order signed by Chengxin Lithium Group recently, as the company had previously reached a supply agreement with Huayou Cobalt for 221,400 tons of lithium salt products from 2026-2030. It is reported that Chengxin Lithium Group is deepening its core customer relationships through the "product cooperation + equity binding" model. According to the previous placement plan, CALB and Huayou Cobalt are planning to participate as strategic investors in the subscription, and are expected to become shareholders with 5% or more shares after the completion of the issuance. The company stated that such cooperation helps expand its lithium salt business, enhance operational stability, and market competitiveness.