HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) rises over 5%; subsidiary signs five-year long-term lithium iron phosphate order, total sales of 378,600 tons567,800 tons.

Jiangsu Lopal Tech. Group (02465) rose over 5%, up 5.08% as of press time, at HK$9.92, with a turnover of HK$88.6345 million. On the news front, on October 8, Jiangsu Lopal Tech. Group announced that its second-tier holding subsidiary Nanjing Lithium Source signed a strategic cooperation framework agreement with Zhejiang Jiyao Tongxing Energy Technology, stipulating that during the period from 2026 to 2030, it will sell a total of 378,600 to 567,800 tons of lithium iron phosphate cathode materials to Jiyao Tongxing. The specific sales volume will be determined based on orders, and the unit price will be determined monthly subject to fluctuations in raw material prices. This transaction does not constitute a related-party transaction or a major asset restructuring, and does not require submission to the board of directors or shareholders' meeting for review. The company stated that the agreement will help establish a long-term stable relationship with downstream partners, enhance the company's competitiveness in the new energy battery materials sector, and if successfully performed, will have a positive impact on future performance.