On November 20, 2025, EVE Energy ( 300014 ) announced that it had signed a "Procurement Framework Agreement" with Smoore International ( 06969.HK ) for 2026 to 2028. According to the agreement, Smoore and its subsidiaries will continue to purchase battery cells and other products from EVE Energy and its subsidiaries over the next three years .
Key information from the agreement: Framework established, orders finalized.
The renewed procurement agreement focuses on "long-term cooperation and flexible execution," with its core terms clearly defined:
- Cooperation period
It will last for three years, from January 1, 2026 to December 31, 2028. - Transaction Model
The agreement is a framework document and does not set specific transaction amounts. Actual purchases will be based on orders subsequently signed by both parties, and the final amount will be subject to audit and confirmation by an accountant. This approach adapts to fluctuations in business needs while ensuring data transparency. - Pricing principles
Based on existing cooperation agreements between the two parties and fair market prices, procurement will be carried out on general commercial terms to ensure that procurement costs are reasonable and controllable. - Associated attributes
Because Jiang Min, a director and senior executive of EVE Energy, serves as a non-executive director of Smoore International, this transaction constitutes a related-party transaction, but there is currently no substantial related-party amount.
Stable supply and steady transaction volume
Public data shows that Smoore and EVE Energy have been cooperating on battery cells for many years, and the transaction volume has remained stable.
Conclusion
Against the backdrop of increasingly stringent regulations and diversified demand in the global atomization market, a stable supply of core components has become a crucial barrier for companies to seize market share. The three-year renewal of the contract between Smoore and EVE Energy not only maintains the foundation of trust between the two companies but also reflects the leading companies' emphasis on the resilience of the supply chain—for Smoore, it provides reassurance for order delivery and business expansion; for EVE Energy, it serves as a ballast for the steady development of its consumer battery business.
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