Snowsky Salt Industry Group Co.,Ltd. (SSE: 600929) has announced a strategic move to acquire a 100% stake in Hebei Kuntian New Energy Co., Ltd. through a combination of share issuance and cash payment, marking its entry into the lithium battery anode materials sector.

Under the proposal, the company will purchase all shares held by 54 counterparties including Song Zhitao and Liu Gejun, while simultaneously raising supporting funds by issuing shares to no more than 35 qualified institutional investors, including Hunan Salt Industry Group Co., Ltd. The share issuance price for the asset acquisition is set at 4.70 yuan per share.

The target company, established in May 2018, initially focused on graphitization processing for lithium battery anode materials and has since developed three integrated production bases located in Hebei, Sichuan, and Yunnan provinces. Over the years, it has evolved from a graphitization contract processor into a leading professional lithium-ion battery anode materials enterprise, now encompassing the full production chain including precursor crushing, granulation, shaping, purification, and finished product stages. The company specializes in the research, development, production, and sales of artificial graphite anode materials, silicon-based anode materials, and hard carbon anode materials for energy storage, with end-use applications spanning power batteries, energy storage batteries, and consumer batteries.

Following the completion of this transaction, the company will establish a presence in the lithium battery anode field, strengthening its second growth curve and accelerating its transition toward new quality productive forces. This strategic acquisition is expected to create fresh profit growth opportunities, enhance long-term profitability, diversify operational risks, and reduce dependence on any single business line or market, thereby improving the company's overall stability and resilience.