Tianyang New Materials announced that the company previously disclosed that it plans to transfer 100% of the shares of its wholly-owned subsidiary Defarui to Changshu Zhengtai Textile Co., Ltd. and Mr. Li Chenglong; on September 24, 2026, the company signed a supplementary agreement with the counterparty confirming that the net profit and loss for the transition period from July 1, 2026 to August 31, 2026 was a loss of RMB 1,5891 million. The adjusted share transfer price was RMB 177 million, and Zhengtai Textile paid the remaining third equity transfer amount of RMB 1,426,800.

Tianyang New Materials announced that the company previously disclosed that it plans to transfer 100% of the shares of its wholly-owned subsidiary Defarui to Changshu Zhengtai Textile Co., Ltd. and Mr. Li Chenglong; on September 24, 2026, the company signed a supplementary agreement with the counterparty confirming that the net profit and loss for the transition period from July 1, 2026 to August 31, 2026 was a loss of RMB 1,5891 million. The adjusted share transfer price was RMB 177 million, and Zhengtai Textile paid the remaining third equity transfer amount of RMB 1,426,800.