Snowy Salt Industry: Plans to purchase 41% of the equity of Hunan Meite New Materials Technology Co., Ltd., with an estimated transaction price of 261 million yuan.

Snowy Salt Industry Announcement: it plans to purchase 41% equity of Hunan Meite New Materials Technology Co., Ltd. held by its controlling shareholder, Hunan Salt Industry Group Co., Ltd., at an estimated transaction price of 261 million yuan. After the completion of this transaction, the company will hold a total of 61% of the equity of Meite New Materials, becoming the controlling shareholder of Meite New Materials.