Xuetian Salt announced that the company previously disclosed that it plans to purchase 100% of Hebei Kuntian Renewable Energy Co., Ltd.'s shares and raise supporting capital by issuing shares and paying cash. This transaction is expected to constitute a major asset restructuring and a related transaction, but not a restructuring and listing. As of the date of disclosure of this announcement, due diligence, audit and evaluation of this transaction is progressing in an orderly manner. After the relevant work is completed, the company will reconvene the board of directors to review and disclose the formal plan of the transaction and other related matters.

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