Tianyang New Materials announced that the company plans to stop production of subsidiaries related to the photovoltaic packaging film project. 4 projects have already been built, and 3 fund-raising projects have previously been terminated. In 2024, the four subsidiaries, including Kunshan Tianyang PV and Nantong Tianyang PV, had revenue of 298 million yuan, 250 million yuan, 0 yuan, and 751 million yuan respectively, with net profit of -74.731 million yuan, -83.07 million yuan, 5.732 million yuan, and -81.6165 million yuan, respectively. As of November 30, 2025, the total balance of funds raised by the three fund-raising projects was 283 million yuan. After production is discontinued, the plant and equipment will be used rationally, the remaining funds will partially supplement working capital, and some will be managed according to regulations. The revenue of the project in 2024 and 2025 accounted for 48% and less than 30% of total revenue, respectively, discontinuing production or improving the company's profit. The bill has been passed by the board of directors and submitted to the shareholders' meeting for consideration.

Tianyang New Materials announced that the company plans to stop production of subsidiaries related to the photovoltaic packaging film project. 4 projects have already been built, and 3 fund-raising projects have previously been terminated. In 2024, the four subsidiaries, including Kunshan Tianyang PV and Nantong Tianyang PV, had revenue of 298 million yuan, 250 million yuan, 0 yuan, and 751 million yuan respectively, with net profit of -74.731 million yuan, -83.07 million yuan, 5.732 million yuan, and -81.6165 million yuan, respectively. As of November 30, 2025, the total balance of funds raised by the three fund-raising projects was 283 million yuan. After production is discontinued, the plant and equipment will be used rationally, the remaining funds will partially supplement working capital, and some will be managed according to regulations. The revenue of the project in 2024 and 2025 accounted for 48% and less than 30% of total revenue, respectively, discontinuing production or improving the company's profit. The bill has been passed by the board of directors and submitted to the shareholders' meeting for consideration.