LOPAL TECH (Jiangsu Lopal Tech. Group Co., Ltd.) announced that its A-share price gained more than 20% cumulatively on 22–24 April 2026, triggering an “unusual trading movement” notice under Shanghai Stock Exchange rules. The company stated that no undisclosed material events have driven the surge.

Recent corporate actions were identified as possible catalysts. On 22 April 2026, LOPAL TECH executed a legally binding Subscription, Offtake and Prepayment Term Sheet with Global Lithium Resources Limited (GL1) and GLR Australia Pty Ltd. The framework contemplates equity subscription, long-term lithium concentrate offtake and prepayment arrangements. Management listed multiple uncertainties: cross-border regulatory approvals, project-construction schedules, supply adequacy, lithium-carbonate price swings, exchange-rate movements and the need for definitive agreements.

The same day, wholly owned subsidiary Lopal Tech Perth Pty Ltd agreed to acquire lithium exploration leases and related assets in Western Australia from GL1 and MB Lithium Pty Ltd for AUD14.85 million. Follow-on development is expected to require investment exceeding USD200.00 million and a two-to-three-year build-out, subject to mining-lease approvals and construction, resource and funding risks.

Operationally, the company’s net cash generated from operating activities fell 50.63% year on year to RMB394.00 million in 2025, compared with RMB798.00 million in 2024 (after retrospective adjustment). The asset-liability ratio rose to 79.77% at end-2025 from 74.94% a year earlier.

Regarding capital structure, controlling shareholder and de facto controller Shi Junfeng, together with concert parties, holds 34.77% of the company, with 30.00 million shares pledged—equivalent to 4.38% of total outstanding shares.

The board confirmed there are no undisclosed plans involving major asset restructurings, equity offerings or strategic investor introductions. Market participants are advised to reference only the company’s official filings for authoritative information and to note the operational, project-execution and market risks outlined by LOPAL TECH.