KY's major subsidiary Taiwan KY Electric Power Technology Co., Ltd. and Australian listed company AVENIRA LIMITED (ASX: AEV) terminated the LFP cathode material licensing service contract

Central News Agency

Wednesday, February 12, 2025 at 12:32 AM

Date: February 11, 2025

Company Name: KY (5227)

Subject: On behalf of our important subsidiary, Taiwan Li-Kai Electric Technology Co., Ltd., to terminate the LFP cathode material licensing service contract with Australian listed company AVENIRA LIMITED (ASX:AEV)

Spokesperson: Zhu Ruiyang

illustrate:

1. Date of occurrence: 2014/02/11

2. Contract or commitment counterparty: AVENIRA LIMITED (ASX:AEV)

3. Relationship with the company: Customer

4. Contract or commitment start and end date (or termination date): 114/02/11

5. Main content (not applicable to those who have been released): Subsidiary Taiwan Aleees Electric Technology Co., Ltd. ("Aleees")

Agreed to terminate the production license and service contract with Australian listed company AVENIRA LIMITED (“AEV”).

6. Restrictions (not applicable if lifted): None

7. Commitments (not applicable if cancelled): None

8. Other important agreed matters (not applicable to termination): None

9. Impact on the company's finances and business: AEV failed to pay the full amount of the authorization within the agreed period.

Aleees did not deliver any technical documents and there was no significant impact on the company's finances or business.

10. Specific purpose: The purpose of signing this contract is to lay a long-term and far-reaching foundation for cooperation between Taiwan and Australia, and to

Bring knowledge and capabilities to Australia, and strive to enhance the value chain of lithium and phosphate mines in Australia to serve the global market and strengthen Europe and the United States

Australia, Japan, South Korea and the Indo-Pacific free market lithium battery supply chain. However, despite the efforts of both parties, it was still impossible to obtain subsidies from local government resources.

, decided to terminate this cooperation case by mutual agreement.

11. Other matters that should be stated (if the event or resolution is related to a company that is publicly listed or above,

This material information also complies with Article 7, Paragraph 8 of the Securities and Exchange Act Enforcement Rules.

Matters that have a significant impact on shareholders' equity or securities prices): None

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