On the evening of November 28th, Xingyuan Materials (300568) announced that on November 28th, the company signed a "Global Strategic Cooperation Memorandum" with LG Energy Solution, Ltd. to deepen cooperation and mutual development in the global market and future aspects.

Xingyuan Materials stated that LG Energy Solution, Ltd. recognizes the company as the highest-quality supplier in the market and will prioritize purchasing the company's diaphragm in overseas markets. The company will also prioritize supplying LG Energy Solution, Ltd.'s overseas markets and commit to providing the most competitive products and services. From 2024 to 2030, the two parties have agreed to strengthen cooperation and jointly build a global cooperation framework with a diaphragm purchase volume of no less than 12 billion square meters.