Legal analysis: the division of existence refers to the act that a company divides part of its property or business according to law and establishes more than two companies. During the period of division, the original company continues to exist, and the creditor's rights and debts of the original company can be borne by the original company and the new company respectively, or independently by the original company as agreed. Survival division, also known as derivative division. It refers to the act that a company divides part of its property or business according to law and establishes two or more companies. During the period of division, the original company continues to exist, and the creditor's rights and debts of the original company can be borne by the original company and the new company respectively, or independently by the original company as agreed. The new company obtained the legal person status, and the original company continued to retain the legal person status.
Legal basis: Article 175 of the Company Law of People's Republic of China (PRC) is divided, and its property should be divided accordingly. When the company is divided, it shall prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the resolution of separation, and make an announcement in the newspaper within 30 days.