Jiangsu Lopal Tech Flags Execution Risks in Multi-Year Cornex Supply Deal

MT Newswires Live11-26

Jiangsu Lopal Tech (SHA:603906, HKG:2465) issued a risk warning after its subsidiaries signed a second supplemental agreement to a long-term production-materials procurement contract with units of Cornex New Energy, according to a Wednesday filing.

The company said the deal involves large supply volumes and a multi-year execution period, with actual sales, delivery progress, and revenue recognition subject to uncertainty.

The agreement sets supply at 100,000 tonnes for 2026 and 300,000 tonnes annually from 2027 to 2030.

Lopal cautioned that demand shifts, policy changes, raw material swings, and adjustments in lithium-battery technology could affect performance.

The firm also warned of significant liabilities if it fails to meet supply or quality obligations.

Unauthorized delivery suspensions could trigger penalties of five to ten times the value of undelivered goods, plus shutdown-loss compensation, the filing said.

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.

Comments

We need your insight to fill this gap
Leave a comment