Zhi Chun Technology: Plans to transfer 1.1527% equity in its affiliated company, with a transaction amount of 20 million yuan.

Zhi Chun Technology announced that the company plans to transfer its 1.1527% equity stake in the affiliated company, Weidun Crystal Phosphorus, to Jinghui Chuangxin, for a transfer amount of 20 million yuan. The transaction will be settled in cash, which will help the company focus on its main business and optimize its asset-liability structure. The transaction has been approved by the company's board of directors and does not require submission for shareholder approval.