Lizhong Group Subsidiary Secures RMB 1.37 Billion Aluminum Wheel Contract from Global Automaker

Lizhong Group (300428.SZ) announced that its subsidiaries, Lizhong Mexico and Lizhong Tianjin, have recently received定点 notifications for an aluminum alloy wheel project from a well-known international automaker. Mass production for this project is expected to commence in mid-2027, with a product lifecycle of eight years and estimated total sales of approximately RMB 1.37 billion. The company stated that this定点 award reflects the customer's recognition of its product development and supply capabilities, but it does not constitute a final purchase order or sales contract. Actual delivery timing, pricing, and quantities will be subject to formal agreements or purchase orders and remain subject to uncertainties. Additionally, the company noted that these products may potentially be used in other projects for the same customer in the future.