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.

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