CALB Group (HKG:3931) will lift the 2025 annual caps under its sales and entrusted-processing agreements with connected party Luoyang and renew both agreements for 2026, according to a Wednesday Hong Kong bourse filing.

Shares of the firm gained over 7% in Thursday afternoon trade.

Sales to Luoyang reached 805.4 million yuan in the first nine months, about 89% of the existing 900 million yuan cap. CALB now proposes raising the 2025 sales cap to 1.36 billion yuan.

Entrusted-processing fees totaled 2.27 billion yuan over the same period, or 76% of the 3.0 billion yuan limit. The company plans to increase that cap to 3.80 billion yuan for the full year.

For 2026, CALB intends to sign new one-year agreements with Luoyang Company, setting annual caps of 3 billion yuan for sales of lithium-battery products and 6 billion yuan for entrusted-processing services.

The revised 2025 processing cap and both 2026 agreements will require approval from independent shareholders at an extraordinary general meeting.