Haitec: to issue shares and pay cash to purchase 98.21% of the shares of Xuyu.

Haitek Announcement: The company plans to purchase a total of 98.21% of the shares held by 88 trading parties including Beijing Dongfang Xuyu and Yang Baohe by issuing shares and paying cash. At the same time, the company will issue shares to up to 35 qualified specific objects to raise supplementary funds.