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Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has shared an announcement.
Jiangsu Lopal Tech. Group Co., Ltd. has entered into a new purchase framework agreement with Contemporary Amperex Technology Co., Limited (CATL) to govern continuing transactions between the two sides for 2026, following the expiry of a previous framework on 31 December 2025. Because CATL is deemed a connected person at the subsidiary level through its ownership structure involving Yichun Times and Lopal Times, the renewed framework is classified as a continuing connected transaction under Hong Kong Listing Rules, triggering reporting, annual review and announcement obligations but exempting the company from circular, independent financial advice and shareholder approval requirements. The board, including independent directors, has confirmed that the agreement is on normal commercial terms and in the interests of the company and its shareholders, helping to formalise ongoing business with a key strategic partner while maintaining regulatory compliance.
More about Jiangsu Lopal Tech Co. Ltd. Class H
Jiangsu Lopal Tech. Group Co., Ltd., listed in Hong Kong, operates in the chemical and advanced materials sector, with business activities that include supplying materials and related products to industrial customers, including those in the new energy and battery value chain. The group works with major industry players through supply and purchase agreements that support its role in the broader new energy ecosystem.
Average Trading Volume: 14,645,335
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$12.45B
Find detailed analytics on 2465 stock on TipRanks’ Stock Analysis page.