LOPAL TECH (02465) opened nearly 15% higher. As of press time, the stock rose 14.96% to HK$11.53, with a trading volume of HK$9.3681 million.

On the news front, LOPAL TECH announced that its subsidiary Lithium Source (Asia Pacific) has signed a "Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement" with CATL. According to the agreement, Lithium Source (Asia Pacific) and its wholly-owned or joint venture subsidiaries are expected to sell a total of 157,500 tons of lithium iron phosphate cathode materials meeting mutually agreed specifications to CATL's overseas factories from the second quarter of 2026 to 2031. The specific unit price will be determined through mutual consultation between both parties. Based on estimated quantities and market prices, the total contract sales amount is expected to exceed RMB 6 billion.

The announcement noted that this agreement is a sales cooperation agreement related to daily operations. The company's signing of this agreement helps establish long-term stable relationships with downstream partners, gain first-mover advantage in overseas markets, and aligns with the company's strategic development plans. If this contract can be successfully executed, it will have a positive impact on the company's future performance. The impact on the company's annual performance should be based on the company's disclosed periodic reports.