On July 23rd, Geelong announced that Jingyi Metal (002295.SZ) has signed a framework purchasing contract with Shenzhen Huasheng Industrial Co., Ltd. (Huasheng Industrial) in 2024 for the purchase of electrolytic copper. The contract is valid from January 1st, 2024 to December 31st, 2024. The contract did not specify the amount, and the specific purchasing amount shall be subject to the actual purchase and sales contracts, which will be jointly made and confirmed by both parties.

From January 1st, 2024 to July 20th, 2024, the company and its subsidiaries made daily operating purchase amounts (including taxes) with Huasheng Industrial totaling more than 1.064 billion yuan, accounting for more than 50% of the total audited assets of the company in 2023.