Jiangxi Geto New Materials Clarifies Business Operations in Middle East and Specific Contract Details

Deep News02-26

Jiangxi Geto New Materials Corporation Limited (300986.SZ) responded to investor inquiries on February 26 via an interactive investor platform. The company clarified that it has not established any production lines in Hefei, nor has it entered into a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL). Additionally, no new materials order valued at 1 billion yuan has been signed.

The company confirmed that it is engaged in business expansion related to its core construction operations in Saudi Arabia and other Middle Eastern regions. However, it is not involved in the Saudi NEOM project and has not signed the mentioned 1.2 billion yuan order.

Regarding the strategic cooperation agreement with PIVI, Jiangxi Geto New Materials stated that it is a framework agreement. Actual business conditions will depend on specific procurement agreements, orders, or other formal documents to be signed in the future.

The company emphasized that information regarding business progress and orders should be referred to official announcements released through designated information disclosure channels. Investors are advised to adhere to prudent principles, remain aware of secondary market investment risks, and make rational investment decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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