Polyrocks Chemical (688669.SH) plans to transfer a 70% equity stake in Polyrocks Petrochemical for 126 million yuan.

Zhito Finance APP News: Polyrocks Chemical (688669.SH) announced that on November 5, 2026, the company signed an Equity Transfer Agreement with Suzhou Wenjun Supply Chain Management Co., Ltd. ("Suzhou Wenjun"), intending to transfer the 70% equity interest in Anhui Polyrocks Petrochemical Technology Co., Ltd. ("Polyrocks Petrochemical") held by the company to Suzhou Wenjun for a price of RMB 126 million. After the transaction is completed, the company will still hold a 30% equity interest in Polyrocks Petrochemical, but Polyrocks Petrochemical will no longer be included in the scope of the company's consolidated financial statements. The transaction aims to optimize the company's business layout, further focus on the company's core main business, and improve operational quality and efficiency.