Hualing Cable: Recently Won Contract Amount of Approximately 531 Million Yuan

[Chile's Lithium Carbonate Exports in May 2026 at 19,100 mt, Lithium Sulfate Exports at 14,200 mt] According to Chile customs export data, in May 2026, Chile's total lithium carbonate exports were 19,100 mt, down 35.2% MoM and up 35.30% YoY. Of this, exports to China were 13,601 mt, down 40.75% MoM and up 40.87% YoY; exports to South Korea were 3,392 mt, down 2.77% MoM and up 27.34% YoY; and exports to Japan were 492 mt, down 57.56% MoM and up 42.04% YoY. In May 2026, Chile's total lithium sulfate exports to China were 14,200 mt, up 17.41% MoM and up 45.97% YoY.

On June 9, GEM disclosed that it has signed a cooperation agreement to jointly establish a joint laboratory for solid-state battery cathode materials and to conduct collaborative research on key technologies for the industrialization of solid-state lithium battery cathode materials. GEM plans to invest a total of 30 million yuan into the joint laboratory over five years. Of this amount, 20 million yuan will be used for the construction and operation of the joint laboratory, while the remaining 10 million yuan will be allocated for the pilot-scale conversion of laboratory technologies once they mature. The funds for the joint laboratory will be managed under a separate account at Ningbo Eastern University of Technology, earmarked exclusively for research and development activities within the joint laboratory.