Fulin Precision announced that its controlling subsidiary, Jiangxi Shenghua, has signed an advance payment agreement with Contemporary Amperex Technology (CATL). The agreement stipulates that CATL will pay an advance payment of RMB 1.5 billion to Jiangxi Shenghua to lock in the lithium iron phosphate supply promised to CATL and support Jiangxi Shenghua's expansion into a more competitive raw materials manufacturing facility. The advance payment will be paid in two installments: RMB 500 million in September 2025 and RMB 1 billion in November 2025. Party B pledges to use the advance payment exclusively for the construction of Party B's lithium iron phosphate production line and raw materials, and to provide Party A with a detailed monthly breakdown of the funds used.