Hunan Nengyuan New Energy Battery Material Co., Ltd. Announcement on the Forecast of Routine Related Transactions for 2026
The Company and the entire board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Basic Situation of Routine Related Transactions
(I) Overview of Routine Related Transactions
According to the needs of the daily production and operation of Hunan Nengyuan New Energy Battery Material Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries, it is estimated that routine related transactions will occur in 2026 and from January to May 2027 with CATL New Energy Technology Co., Ltd. (hereinafter referred to as "CATL") and its subsidiaries, and Jingxi Xiangtan Electrochemical Technology Co., Ltd. (hereinafter referred to as "Jingxi Xiangtan Electrochemical"). The total amount of routine related transactions is expected to not exceed RMB 32,687.201 million in 2026, and RMB 17,209.384 million from January to May 2027.
On March 17, 2026, the Company held the nineteenth meeting of the Second Board of Directors, which reviewed and approved the "Proposal on the Forecast of Routine Related Transactions for 2026". Related directors Mr. Liu Ganjiang and Mr. Long Shaofei abstained from voting. This forecast of routine related transactions has been reviewed and approved by the independent directors' special committee.
According to the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange", the "Articles of Association" and other relevant regulations, this forecast of routine related transactions needs to be submitted to the shareholders' meeting for review. Related shareholders Xiangtan Electrochemical Group Co., Ltd., CATL, Xiangtan Electrochemical Technology Co., Ltd., and Xiangtan Zhenxiang State-owned Assets Management Investment Co., Ltd. shall abstain from voting.
(II) Category and Amount of Forecast Routine Related Transactions for 2026
| Related Transaction Category | Related Party | Transaction Content | Pricing Principle | 2026 Forecast Amount (Excluding Tax) | 2027 Jan-May Forecast Amount (Excluding Tax) | 2026 Jan-Feb Actual Amount (Excluding Tax) | 2025 Actual Amount (Excluding Tax) |
|---|---|---|---|---|---|---|---|
| Purchase of goods from related party | CATL and its subsidiaries | Raw materials | Refer to market price | 595,384.00 | 272,884.00 | 52,437.60 [Note 1] | 76,521.91 [Note 1] |
| Subtotal | 595,384.00 | 272,884.00 | 52,437.60 | 76,521.91 | |||
| Sales to related party | Jingxi Xiangtan Electrochemical | Water, electricity, labor services, rent, etc. | Refer to market price | 20.10 | 8.40 | 2.87 | 17.07 |
| Subtotal | 20.10 | 8.40 | 2.87 | 17.07 | |||
| Purchase of goods from related party | CATL and its subsidiaries | Lithium iron phosphate cathode material | Refer to market price | 2,673,316.00 | 1,448,046.00 | 242,627.42 [Note 2] | 1,029,469.67 [Note 2] |
| Subtotal | 2,673,316.00 | 1,448,046.00 | 242,627.42 | 1,029,469.67 | |||
| Total | 3,268,720.10 | 1,720,938.40 | 295,067.89 | 1,106,008.65 |
Note 1: The purchase and sale of lithium iron phosphate, processed into specific models of lithium iron phosphate by CATL and its subsidiaries, will be accounted for using the net method. The related purchase amount in 2025 does not include the purchase amount of lithium iron phosphate of RMB 127,301.68 million. The offset amount under the net method in 2025 is RMB 130,674.65 million. The related purchase amount from January to February 2026 does not include this portion of lithium iron phosphate purchase amount of RMB 6,716.81 million. The offset amount under the net method from January to February 2026 is RMB 883.52 million.