According to Longpan Technology's announcement, LBM AP, an indirect non-wholly-owned subsidiary of the company, entered into a share purchase agreement with KinetiQ, an independent third party, on October 22, 2026 to sell 76% of the Indonesian target company PT LBM Energi Baru for US$31.92 million. After the transaction was completed, the two parties agreed to grant Kinetiq put options at an exercise price of not less than 36 million US dollars, and LBM AP provided an equal performance guarantee. In addition, the company will review proposals such as new foreign investment projects by second-tier holding subsidiaries, the completion of some fund-raising projects, and the construction of new projects with savings. Relevant matters will be submitted to the 6th Extraordinary General Meeting of Shareholders in 2026 for consideration.

According to Longpan Technology's announcement, LBM AP, an indirect non-wholly-owned subsidiary of the company, entered into a share purchase agreement with KinetiQ, an independent third party, on October 22, 2026 to sell 76% of the Indonesian target company PT LBM Energi Baru for US$31.92 million. After the transaction was completed, the two parties agreed to grant Kinetiq put options at an exercise price of not less than 36 million US dollars, and LBM AP provided an equal performance guarantee. In addition, the company will review proposals such as new foreign investment projects by second-tier holding subsidiaries, the completion of some fund-raising projects, and the construction of new projects with savings. Relevant matters will be submitted to the 6th Extraordinary General Meeting of Shareholders in 2026 for consideration.