Core Viewpoint - Shandong Fengyuan Chemical Co., Ltd. has signed a framework agreement with Chunan New Energy for the supply of lithium iron phosphate cathode materials, indicating a strategic partnership aimed at enhancing product development and market responsiveness [2][3]. Group 1: Agreement Details - Fengyuan Lithium Energy will supply 100,000 tons of lithium iron phosphate cathode materials to Chunan New Energy from September 20, 2025, to December 31, 2028 [2]. - Chunan New Energy commits to prioritize purchasing from Fengyuan Lithium Energy under equivalent business conditions and to provide a certain procurement share [2]. - Both parties will collaborate on product iteration and cost optimization, with Fengyuan Lithium Energy leveraging its R&D capabilities to offer customized solutions [2]. Group 2: Counterparty Information - The three companies under Chunan New Energy have a registered capital of 1 billion yuan each and are involved in battery manufacturing, sales, and new energy technology R&D [3]. - As of the announcement date, these companies are not classified as dishonest executors, indicating a strong credit status and payment capability [3]. Group 3: Strategic Implications - The signing of this framework agreement reflects recognition of Fengyuan's products and technology by downstream customers, fostering a long-term cooperative relationship [3]. - Successful collaboration is expected to strengthen the company's position in the industry, enhance competitiveness, and support sustainable development [3]. - The agreement is anticipated to positively impact future operating performance by expanding production capacity and sales orders without affecting the company's business independence [3]. Group 4: Recent Developments - The announcement also mentions the status of previous framework agreements, including the termination of a 2022 equity investment framework agreement and the ongoing execution of a lithium iron phosphate cooperation framework agreement with BYD Battery Co., Ltd. signed in April 2025 [4]. - There have been no changes in shareholding among major stakeholders in the three months prior to the agreement, and no plans for shareholding changes in the upcoming three months [4].