Changyou Technology: Subsidiary Changzhou Zhaogeng signs a chip material procurement cooperation agreement with Envision Energy, with a three-year procurement amount of approximately 949 million yuan.

2026-02-06 14:51:03

Changyou Technology Announcement: its wholly-owned subsidiary Changzhou Zhaogeng New Materials Co., Ltd. has signed a “Core Material Procurement Cooperation Agreement” with Envision Energy Co., Ltd. The agreement is valid from January 1, 2026, to December 31, 2028, with an estimated procurement amount of approximately 949 million yuan over three years. The agreement stipulates that Party B commits that all core material orders issued during the long-term contract period shall be subject to this agreement, and prices shall follow the price scheme in the agreement and shall not increase. Regarding breach of contract, if Party B violates the agreement, Party A has the right to require a penalty of 20% of the total cooperation amount of the previous year between the two parties.

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