Jiangsu Lopal Tech. Group (02465): Changzhou Lithium Source completes a 440 million yuan B round funding.

Longpan Technology (02465) announced that regarding the matter of Changzhou Lithium (a non-wholly owned subsidiary of the company) receiving 440 million yuan in Series B financing. The completion has been implemented in accordance with the terms and conditions of the financing agreement. As of the date of this announcement, (i) the Series B investors have paid the financing price in accordance with the financing agreement, and (ii) the relevant registration procedures for the financing are still pending completion. After completion, the equity of Changzhou Lithium will be held by the company, the remaining shareholders of Changzhou Lithium (excluding the company), and the Series B investors holding 61.88%, 31.29%, and 6.83%, respectively. Changzhou Lithium remains a subsidiary of the company, and its financial performance will continue to be consolidated into the financial performance of the group.