Pino, LNFEH NCM Precursor Secondary Supply... "Accelerating Business Performance Creation"

Pino has signed an additional supply contract for nickel-cobalt-manganese (NCM) precursors with leading cathode material company L&F.

On the 31st, Pino announced that it had signed a contract to supply 240 tons of NCM precursors to L&F. The scale of this supply contract is $2.4 million (approximately 3.3 billion KRW), securing precursor sales worth 4.4 billion KRW in October alone, including previous contracts.

A Pino representative stated, "In less than a month, we have achieved rapid results in the new business sector by signing two precursor supply contracts totaling 4.4 billion KRW," adding, "We expect additional precursor supply contracts within this year, and anticipate significant external growth through raw materials and precursor businesses by next year."

Meanwhile, on the 28th of this month, Pino held its first investor relations meeting since entering the new business sector, introducing its mid- to long-term business plans and strategies. The event was attended by key executives, including CEO Kim Dong-hwan, and was organized to help domestic institutional investors, analysts, and other market stakeholders better understand the company.