Shengtun Mining announced that the company's subsidiary, Sichuan Shengfengyuan Mining Co., Ltd. plans to acquire 65% of the shares of Tibet Haiteng Industrial Co., Ltd. held by Liu Zongjun for 708 million yuan. After the transaction is completed, Tibet Haiteng Industrial will become the company's holding company and included in the scope of the consolidated statement. The transaction was reviewed and approved by the 2nd meeting of the 12th board of directors of the company, and there is no need to submit it to the shareholders' meeting for review.

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