Xuetian Salt Industry announced that the company has officially signed an “Equity Transfer Agreement” to acquire 41% of Hunan Meite New Material Technology Co., Ltd., and completed the registration procedure for industrial and commercial changes. The purchase price was 261 million yuan. Xuetian Salt Industry currently holds 61% of Meite New Materials's shares and is its controlling shareholder. The share transfer price will be paid in installments after the industrial and commercial changes. Currently, no payment has been made. The source of funding is own or self-funded.

Xuetian Salt Industry announced that the company has officially signed an “Equity Transfer Agreement” to acquire 41% of Hunan Meite New Material Technology Co., Ltd., and completed the registration procedure for industrial and commercial changes. The purchase price was 261 million yuan. Xuetian Salt Industry currently holds 61% of Meite New Materials's shares and is its controlling shareholder. The share transfer price will be paid in installments after the industrial and commercial changes. Currently, no payment has been made. The source of funding is own or self-funded.