[Lithium Battery: Xuetian Salt to Acquire Hebei Kuntian, Entering Battery Anode Materials]
Xuetian Salt plans to acquire 100% of Hebei Kuntian New Energy from 54 counterparties via share issuance and cash payment, with supporting fund raising. The deal is expected to constitute a major asset restructuring. Hebei Kuntian focuses on R&D, production and sales of lithium battery anode materials. Upon completion, Xuetian Salt will extend from its existing salt chemicals and battery cathode materials businesses into anode materials, forming a dual-drive structure of traditional core business plus new energy materials.