Xuetian Salt announced that the company is planning to purchase the control of Hebei Kuntian Renewable Energy Co., Ltd. by issuing shares and paying cash, and to raise supporting capital by issuing shares to no more than 35 specific investors. According to the “Administrative Measures on Major Asset Reorganization of Listed Companies” and other relevant regulations, according to preliminary estimates, this transaction is expected to constitute a major asset restructuring; this transaction will not lead to a change in the actual controller of the company and will not constitute a restructuring and listing. Trading of the company's shares has been suspended since the opening of the market on August 31, 2026, and is expected to be suspended for no more than 10 trading days.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.