Xuefeng Technology: intends to acquire part or all of the shares of Yuxiang Populus euphratica, and stocks are suspended from trading

Securities Times e company news, Xuefeng Technology (603227) announced on the evening of January 3 that the company intends to issue shares and pay cash to purchase Xinjiang Yuxiang Huyang Chemical Co., Ltd. (hereinafter referred to as “Yuxiang Huyang” “), and issue shares to qualified specific investors to raise matching funds. The relevant plan is yet to be further discussed and determined. The counterparty agricultural and animal husbandry investment group is the company’s controlling shareholder, so this transaction constitutes a connected transaction. Trading of the company’s stock will be suspended since the opening of the market on January 4, 2022.