"In recent days, Sion Power Materials and LG Energy Solution, Ltd. have signed a 'Global Strategic Cooperation Memorandum' to deepen their cooperation and mutual development in the global market and in other future aspects based on the willingness of the two parties to cooperate. The news indicates that LG Energy Solution, Ltd. recognizes Sion Power Materials as a supplier with the highest quality in the market and will prioritize the purchase of the company's diaphragm in overseas markets. Sion Power Materials will also prioritize supplying LG Energy Solution, Ltd.'s overseas markets and commit to providing the most competitive products and services. During the period from 2024 to 2030, the two parties have agreed to strengthen their cooperation and jointly build a global cooperation framework with a purchasing volume of no less than 12 billion square meters of diaphragms.

In addition, Sion Power Materials and LG Energy Solution, Ltd. will continue to deepen their communication, exchanges, and strategic cooperation in various aspects such as technology and high-level visits."