PhiChem Corporation announced that in order to focus on the domestic锡球 business, optimize financial structure and asset structure, the company plans to sell 100% equity of its wholly-owned subsidiary, Dairui Technology, to Shengmao Technology for a transaction price of 0.2275 billion yuan. After the Equity Transfer is completed, the company will no longer Hold equity in Dairui Technology. This transaction does not constitute a related party transaction and does not constitute a major asset restructuring. There is no related relationship between the counterparty Shengmao Technology and the company, the company's controlling shareholder, and the actual controller. This transaction still needs to be approved by the shareholders' meeting.