Xuetian Salt Industry Corrects Commitments in Asset Purchase and Related-Party Transaction Plan

Xuetian Salt Industry has issued an announcement correcting its plan for acquiring assets through the issuance of shares and cash payments, along with raising matching funds, in a related-party transaction. The corrections concern commitments made by the counterparty and the target company. The plan involves acquiring assets through the issuance of shares and cash payments and raising matching funds, and constitutes a related-party transaction.

The announcement disclosed that counterparty Liu Gejun was placed under investigation by the securities regulator on March 20, 2026, on suspicion of personal insider trading. The investigation does not involve trading in Xuetian Salt Industry shares and is unrelated to this transaction.