On May 9, Changzhou Liyuan New Energy and Nanjing Liyuan Nanotechnology, both subsidiaries of Lopal Tech, entered into a "Strategic Cooperation Agreement on Production Material Procurement" alongside a supplementary accord with Wuhan Chueneng, Xiaogan Chueneng, and Yichang Chueneng, all belonging to Chueneng New Energy. The estimated total value of the contracts surpasses RMB 5 billion.
