Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Kunlun New Energy Materials Technology (Yichang) Co., Ltd. 昆侖新能源材料技術（宜昌）股 ...

The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Securities and Futures Commission (the "Commission") solely for the purpose of providing information to the public in Hong Kong. The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $20.5 million, up from $11.6 million in the prior year, representing a growth of 77% for the quarter and 43% for the full year [17] - Gross margin for Q4 was 31%, an increase of 530 basis points year over year, while the full year gross margin was 30.9% compared to 30.7% in the prior year [18] - Operating profit for Q4 was $2.4 million compared to $0.7 million in the prior year, and for the full year, it was $5.5 million compared to $0.7 million in the prior year, marking an increase of 685% year over year [19] - The company generated a net profit of $2 million for Q4, a significant increase from a net loss of $0.1 million in the prior year, and a net profit of $3.4 million for the full year compared to a net loss of $1.5 million in the prior year [19] - Adjusted EBITDA for Q4 was $3.4 million, up 126% from $1.5 million in the prior year, and for the full year, it was $8.8 million compared to $4.1 million in the prior year, an increase of 115% [20] Business Line Data and Key Metrics Changes - The core material handling vertical continues to be strong, with over 10,000 sets deployed globally, and a record number of units deployed this year, primarily driven by demand from Fortune 500 and Fortune 100 companies [11] - New verticals such as robotics and airport ground equipment are expected to contribute to revenue growth, with initial orders received for robotics and trials ongoing for airport ground equipment [12] Market Data and Key Metrics Changes - Demand indications from major customers suggest continued growth into fiscal 2026, with expectations for new verticals to represent 10%-15% of revenue for fiscal 2026 [23] - The company anticipates exceeding 30% revenue growth in 2026, with material handling accounting for 80%-85% of total revenue [23] Company Strategy and Development Direction - The company is focused on maintaining profitable growth while advancing its technology roadmap, including rapid charging cell development and solid-state battery development [10][11] - The Jamestown lithium-ion cell manufacturing facility is central to the company's strategy, supporting supply chain resilience and domestic content requirements [14] - The company aims to target recurring revenue opportunities through energy-as-a-service models and maintenance contracts as its installed base grows [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong margins and profitability moving into fiscal 2026, despite uncertainties in the market [18][20] - The company is optimistic about the potential of new verticals, particularly robotics and energy storage, which are expected to drive future growth [12][35] Other Important Information - The company closed the year with positive net working capital of $38.5 million compared to $0.8 million in the prior year, indicating improved financial performance [21] - Subsequent to the end of the quarter, the company raised gross proceeds of $28 million from an equity issuance, enhancing its liquidity position [22] Q&A Session Summary Question: Insights on new verticals and potential revenue impact - Management indicated that robotics is expected to be the second largest revenue driver after material handling, with good visibility on defense applications as well [29] Question: Clarification on revenue guidance for fiscal 2026 - Management stated that they are being conservative in their forecasts, with potential surprises likely to be upside [32] Question: Pipeline for energy storage applications - Management noted strong interest from existing material handling customers and new inquiries, indicating a promising pipeline for energy storage [34] Question: Competitive landscape for energy storage and robotics - Management highlighted the safety and reliability of their technology as key differentiators in the energy storage market, while also addressing competition from supercapacitors in robotics [40] Question: Progress on Energy as a Service initiative - Management confirmed ongoing work with third-party logistics companies to market the product, expecting traction in 2026 [44] Question: Transition of capacity from Mississauga to Jamestown - Management clarified that both facilities will operate concurrently, with Jamestown ramping up production without slowing down operations in Mississauga [54]

Core Insights - Focus Graphite's Lac Knife graphite anode material has successfully passed Phase I battery validation testing, confirming its high purity and suitability for lithium-ion battery applications [3][4][6] - The material achieved an electrochemical capacity of approximately 371 mAh/g, nearing the theoretical maximum for graphite, and surpassed C4V's qualification benchmarks [5][6] - The advancement to Phase II of the qualification program will involve pouch-cell fabrication and large-format validation for commercial-scale evaluation [4][8] Testing and Validation - Independent U.S. laboratories, Charge CCCV LLC (C4V) and American Energy Technologies Company (AETC), conducted the validation testing, confirming the material's performance under established parameters [3][4] - The testing showed that Focus's Lac Knife material exceeded internal baseline qualification thresholds, indicating readiness for large-format pouch-cell validation [4][5] - The results from this testing establish a modern industry-standard baseline for future commercial evaluations and offtake qualifications [6] Future Steps - Focus Graphite plans to continue collaboration with C4V and AETC to explore additional large-format testing initiatives, emphasizing scalability and performance consistency [4][9] - The company aims to establish a North American supply of high-performance, ESG-compliant graphite anode material, supporting energy transition and critical minerals independence [9] - Focus Graphite is committed to dual-use battery initiatives that serve both civilian and defense-sector applications [9]

Core Insights - Enovix Corporation will release its financial results for Q3 2025 on November 5, 2025, after market close [1] - A live video call will be held on the same day at 2:00 PM PT / 5:00 PM ET to discuss business updates and financial results [2] - Enovix is a leader in advanced lithium-ion battery technology, focusing on silicon-anode batteries that offer higher energy density and improved safety [3] Company Overview - Enovix's proprietary cell architecture is designed for a variety of applications, including wearable electronics, mobile communications, industrial, and electric vehicles [3] - The technology developed by Enovix supports longer battery life and faster charging, addressing the increasing global demand for high-performance energy storage [3] - The company holds a strong portfolio of issued and pending patents related to its battery design and manufacturing process [3] Company Locations - Enovix is headquartered in Silicon Valley and has facilities in India, South Korea, and Malaysia [4]

Core Insights - The company reported record quarterly and annual revenue, exceeding internal guidance by over 5% and achieving approximately 43% annual growth [1] Financial Performance - Preliminary unaudited revenue for Q4 and FY ending September 30, 2025, was announced, with all figures expressed in US dollars [1] - Deliveries in the quarter included core material handling battery system products and initial deliveries of robotic battery products [1]

Core Insights - Enovix Corporation will release its financial results for Q2 2025 on July 31, 2025, and will host a live webcast to discuss these results and provide business updates [1][3] - The company will unveil a video showcasing its new high-volume manufacturing line in Malaysia, which is currently producing the AI-1™ smartphone battery [2][3] - Enovix has achieved a significant milestone by producing commercial-grade AI-1 batteries with over 900 Wh/L energy density, fast charging capabilities, and safety features [3] Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on proprietary cell architecture that enhances energy density and safety [4] - The company's silicon-anode batteries are designed for a variety of applications, including wearable electronics, mobile communications, industrial, and electric vehicles [4] - Enovix holds a strong portfolio of patents related to its battery design, manufacturing processes, and system integration innovations [4]

Investment Rating - The report rates CATL as "Outperform" and LGES as "Market-Perform" while POSCO Future M and other Korean companies are rated "Underperform" [6][7]. Core Insights - Lithium-Manganese-Rich (LMR) battery technology is positioned as a potential disruptor to the Lithium Iron Phosphate (LFP) market, particularly in the entry-level EV segment outside of China [1][9]. - LMR technology combines the safety and cost-effectiveness of LFP with the high energy density of NMC, achieving specific capacities of 250-280 mAh/g and cell-level energy densities around 300 Wh/kg, with potential optimization to 320 Wh/kg [2][15]. - Despite its advantages, LMR faces challenges in cycle life, voltage stability, and scalability, which need to be addressed for successful commercialization [3][15]. Summary by Sections LMR Technology Overview - LMR technology is a balanced approach between LFP and NMC, offering a theoretical cost of approximately US$55/kWh, which is about 15% higher than LFP but 20% cheaper than NMC [4][35]. - The technology does not rely on scarce resources like nickel and cobalt, reducing supply chain vulnerabilities and enhancing recycling potential [3][26]. Market Dynamics - Korean companies are focusing on LMR for entry-level EVs, while Chinese firms target higher-end applications, with significant advancements expected in commercialization by 2025-2028 [5][51]. - The report expresses skepticism about LMR's ability to replace LFP, suggesting that hybrid packs combining LFP and NMC may be a more effective solution [5][7]. Competitive Landscape - The lithium-ion battery industry is dominated by LFP and NMC chemistries, with LFP currently holding a 68% market share in China, while LMR is gaining traction in Western markets [29][31]. - Companies like POSCO Future M and Umicore are making strides in LMR technology, with plans for mass production and collaboration with global automakers [50][51]. Cost and Performance Metrics - LMR batteries are expected to provide a 35% improvement in energy density over current mainstream LFP products, making them a compelling option for mid-range EVs [24][26]. - The cost structure of LMR is competitive, with a breakdown showing that manganese's lower price compared to cobalt and nickel contributes to its cost-effectiveness [48][35]. Future Outlook - The report anticipates that LMR technology will play a significant role in the transition to more sustainable and cost-effective EV battery solutions, particularly in markets outside of China [27][31].

Core Viewpoint - NOVONIX Limited has executed a definitive agreement to purchase a 182-acre parcel in Chattanooga, Tennessee, marking a significant step in its expansion strategy in the battery materials sector [1][3]. Acquisition Details - The land will be acquired for approximately US$5 million and will serve as the site for NOVONIX's second facility for high-performance synthetic graphite, expected to reach an initial production capacity of 31,500 tonnes per annum (tpa) [2]. - With the new facility and the existing Riverside facility scaling up to 20,000 tpa, NOVONIX will have a total production capacity of over 50,000 tpa in Chattanooga [2]. Job Creation and Community Impact - The new facility is anticipated to create 450 to 500 full-time jobs, contributing to the local economy [2]. - NOVONIX has expanded its partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology, providing students with career-focused learning opportunities in the battery industry and STEM fields [3]. Financial Incentives - The company is expected to receive approximately US$54 million in total net tax and other benefits from the City of Chattanooga and Hamilton County over a 15-year period, contingent upon meeting specific conditions [4]. - The acquisition is contingent upon satisfying conditions related to a conditionally committed US$754 million loan from the U.S. Department of Energy [4]. Company Overview - NOVONIX is a leading battery technology company focused on revolutionizing the lithium-ion battery industry with innovative technologies and high-performance materials [6]. - The company manufactures battery cell testing equipment and is growing its synthetic graphite material manufacturing operations, positioning itself prominently in the electric vehicle and energy storage systems battery industry [6].

As filed with the Securities and Exchange Commission on January 23, 2024 Registration No. 333- Nevada 3691 81-2701049 (State or Other Jurisdiction (Primary Standard Industrial (I.R.S. Employer of Incorporation or Organization) Classification Code Number) Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EXPION360 INC. (Exact name of registrant as specified in its charter) 2025 SW Deerhound Ave. Redmond, ...