Phichem Corporation announced that the company plans to sell the wholly-owned subsidiary Dary Technology 100% equity to Shengmao Technology. On September 27, 2024, the company signed a Letter of Intent for the Sale of Shares with Shengmao Technology. Shengmao Technology intends to purchase 100% equity of Dary Technology by cash payment method. This transaction is still in the planning stage, and the specific transaction plan still needs further demonstration and negotiation. After the final plan is formulated, a formal equity transfer agreement must be signed, and necessary decision-making and approval procedures must be completed. There is significant uncertainty in this transaction.