On April 2, 2019, Shenzhen PhiChem New Material Technology Co., Ltd. (hereafter referred to as Shenzhen PhiChem), a wholly-owned subsidiary of Shanghai PhiChem Optoelectronic Materials Co., Ltd. (hereafter referred to as PhiChem), was officially established in Bao’an District, Shenzhen. Shenzhen PhiChem is a sole proprietorship limited liability company with a registered capital of 10 million yuan.

Shenzhen PhiChem is the sales window of PhiChem in South China, which is committed to providing customers in South China with better quality and more efficient local service. The establishment of Shenzhen PhiChem aims to strengthen the sales force in South China and provide strong guarantee for the development of PhiChem products in South China market together with Huizhou PhiChem (South China production base). The company appoints Mr. Zhao Xuefei, senior sales director, as the legal representative and general manager of Shenzhen PhiChem to comprehensively preside over the operation and management affairs of Shenzhen PhiChem and business development in South China.