Jiangsu Lopal Upscales LFP Cathode Expansion as Fundraising Use Nears 75% Completion

Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has issued an announcement.

Jiangsu Lopal Tech. Group Co., Ltd. has detailed the deployment of proceeds from its 2022 non‑public A‑share issuance, which raised net funds of approximately RMB2.18 billion, all of which have been placed in supervised special accounts and are being used for designated investment projects, including a NEV power and energy storage cathode material base, a 600,000‑tonne vehicle urea project, a 40,000‑ton battery‑grade energy storage materials project, and working capital. As of 30 November 2025, about 75% of the committed funds have been utilized, and the company has completed the first two phases of its LFP cathode material expansion; it now plans to increase the planned capacity of the third phase from 62,500 tonnes to 100,000 tonnes per year, a move that keeps the original investment direction intact and is expected to significantly enhance its cathode material supply capability without constituting a connected transaction, thereby strengthening its competitive position in the NEV and energy storage supply chain.

More about Jiangsu Lopal Tech Co. Ltd. Class H

Jiangsu Lopal Tech. Group Co., Ltd., listed in Hong Kong, operates in the new energy and chemical materials sector, with a focus on new energy vehicle (NEV) power and energy storage cathode materials, battery-grade energy storage materials, and related automotive chemical products such as vehicle urea. The company is deploying large-scale production capacity in lithium iron phosphate (LFP) cathode materials and other energy storage materials to serve the rapidly growing NEV and energy storage markets in China.

Average Trading Volume: 15,419,081

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$12.02B

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