Haitaik: Advancing the issuance of shares and payment of cash to purchase 98.21% of shares of Xuyu Holdings.

Haitian Technology announced that the company plans to purchase 98.21% of the shares of Qingdao Xuyu Geosynthetics Materials Co., Ltd. from Beijing Dongfang Xuyu Technology Development Co., Ltd., Yang Baoho, and other 88 counterparties through the issuance of shares and payment of cash, while also raising supporting funds. This transaction is expected to constitute a related party transaction, but not a major asset restructuring or restructuring for listing. The company's stock has been suspended from trading since April 7th and will resume trading on April 21st. As of the date of the announcement, the relevant audit, evaluation, and other work for the transaction has not been completed, and further approval is required from the company's board of directors, shareholders' meeting, and regulatory authorities, thus there is uncertainty as to whether the approval will be granted.