LEEJUN(SZ:002651) Shang Hai Zheng Quan Bao·2025-11-28 20:29Core Viewpoint - Chengdu Lijun Industrial Co., Ltd. has signed a significant sales contract with GRANDWAY INTERNATIONAL TRADE PTE. LTD., which is expected to positively impact the company's future operating performance, accounting for 52.53% of the audited consolidated revenue for the fiscal year 2024 [2][17]. Group 1: Contract Overview - The contract was signed on November 28, 2025, with a total value of approximately $5,760.7728 million, equivalent to about ¥40,779.93 million at an exchange rate of 7.0789 [2][17]. - The contract involves the sale of high-pressure roller mills and related equipment, with the seller being Lijun Holdings (Singapore) Pte. Ltd., a wholly-owned subsidiary of the company [7][17]. - The contract stipulates that the first batch of equipment will be delivered based on specific notifications, while the second batch will be negotiated separately [7][17]. Group 2: Payment Terms and Conditions - The payment structure includes a 30% advance payment, with subsequent payments tied to progress and acceptance milestones [8][9][10]. - The first batch's total payment includes various components: advance, progress payment, acceptance payment, and warranty retention [8][9][10][11]. - The warranty period for the entire project is set at two years [13][17]. Group 3: Impact on Company Operations - The execution of this contract is anticipated to enhance the company's market share in overseas markets and expand its operational scale, aligning with the company's strategic development plan [17]. - The company has the necessary resources, including funding, technology, and personnel, to fulfill the contract [17]. - The contract does not significantly affect the company's operational independence or create dependency on the counterparty [17]. Group 4: Counterparty Information - GRANDWAY INTERNATIONAL TRADE PTE. LTD. is a registered company in Singapore with a capital of 20,000 SGD and engages in wholesale trade without a dominant product [4][5][17]. - There have been no similar transactions between the company and GRANDWAY in the past three years, indicating a new business relationship [6][17]. Group 5: Legal and Compliance Aspects - The contract requires approval from the company's board of directors and shareholders due to the special legal relationship between the seller and the production entity [20][21]. - Any disputes arising from the contract will be governed by the laws of the People's Republic of China, excluding the United Nations Convention on Contracts for the International Sale of Goods [15][17].