Focus on the domestic tin ball business PhiChem Corporation (300398.SZ) plans to sell 100% equity of Daur Tech for 228 million yuan

PhiChem Corporation (300398.SZ) announced that it plans to sell 100% equity of its wholly-owned subsidiary Dauri Technology Co., Ltd. (referred to as "Dauri Technology") to Shengmao Technology Co., Ltd. (referred to as "Shengmao Technology") for RMB 227.5 million. After the equity transfer is completed, the company will no longer hold equity in Dauri Technology. It is reported that the sale of Dauri Technology's equity is conducive to optimizing the financial structure and asset structure, enhancing asset liquidity, improving the overall risk resistance capabilities, and enabling the company to focus its financial advantages on the domestic tin ball business, effectively enhancing profitability, and ensuring sustainable development of the company.