Xuetian Salt announced that the company plans to issue shares and pay cash to purchase 100% of Hebei Kuntian Renewable Energy Co., Ltd., which is held by 54 counterparties including Song Zhitao and Liu Gejun, and raise supporting capital. Up to now, the company has carried out the necessary legal procedures at this stage, such as confidentiality, insider information registration, stock suspension, information disclosure, independent directors' review, and board review. It has signed an asset purchase agreement with the counterparty with effective conditions. The controlling shareholder Hunan Salt Group has agreed to the transaction in principle. The board of directors of the company confirmed that the legal procedures for the execution of this transaction were complete, legal and effective, that the legal documents submitted were true, accurate and complete, and that there were no false records, misleading statements or major omissions.

Xuetian Salt announced that the company plans to issue shares and pay cash to purchase 100% of Hebei Kuntian Renewable Energy Co., Ltd., which is held by 54 counterparties including Song Zhitao and Liu Gejun, and raise supporting capital. Up to now, the company has carried out the necessary legal procedures at this stage, such as confidentiality, insider information registration, stock suspension, information disclosure, independent directors' review, and board review. It has signed an asset purchase agreement with the counterparty with effective conditions. The controlling shareholder Hunan Salt Group has agreed to the transaction in principle. The board of directors of the company confirmed that the legal procedures for the execution of this transaction were complete, legal and effective, that the legal documents submitted were true, accurate and complete, and that there were no false records, misleading statements or major omissions.