According to CoinMeta and Xuetian Salt Industry's announcement, the company intends to acquire 100% of the equity in Hebei Kuntian New Energy Co., Ltd. by issuing shares and paying cash, while also raising matching funds. This transaction is expected to constitute a major asset reorganization and a related-party transaction, but it does not constitute a reorganization for listing purposes. As of the date of this announcement, due diligence, auditing, and valuation-related work are being carried out in an orderly manner. Once these tasks are completed, the company will convene another board meeting to review and disclose the official plan for this transaction as well as other related matters.