On June 2, Loonpan Technology announced that its subsidiary, Lithium Source (Asia Pacific), had entered into an agreement with Eve Energy, a Malaysian affiliate of EVE Energy. This pivotal deal stipulates that Lithium Source (Asia Pacific) will supply Eve Energy with 152,000 tons of lithium iron phosphate cathode material from 2026 to 2030, with an estimated total contract value exceeding 5 billion yuan. The final settlement terms will be contingent upon actual order placements.