UniTech Science and Technology announced that it plans to transfer its 1.1527% stake (equivalent to 764,601 shares) in its jointly held company, Witton Crystal Phosphorus, to Jinghui Chuangxin for RMB 20 million, with the transaction to be settled in cash. This move aims to help the company focus on its core business and optimize its asset-liability structure. Currently, the transaction has been approved by the company's board of directors and does not require submission to the shareholders' meeting for approval.