dvanced Lithium Electrochemistry Co., Ltd. signed the Deed of Termination and Release with ICL Specialty Products Inc., a subsidiary of US-listed ICL Group Ltd. As the authorized company adjusted its strategy and terminated its plan to invest in the construction of cathode material production facilities, the company has fully recognized credit impairment losses on the ICL plant construction technical service accounts receivable of approximately TWD 33.272 million in the fourth quarter of 2025. The actual amount will be determined after the accountant's audit. The original purpose of this contract was to license the patented technology of Advanced Lithium Electrochemistry Co., Ltd. to ICL for the establishment, manufacture, and sale of cathode materials.
However, despite the efforts of both parties, the licensee changed its strategy and terminated the plan to invest in the construction of cathode material production facilities. Therefore, it was decided to terminate this cooperation.
