According to the announcement from Tianyang New Materials (603330.SH), on April 6, 2025, Mr. Li Zhelong, the company's controlling shareholder and actual controller, along with his concerted actors Mr. Li Mingjian, Mr. Park Yifeng, Mr. Li Shunyu, and Ms. Park Yihong (hereinafter collectively referred to as the "Transferors"), signed the "Share Transfer Agreement regarding Tianyang New Materials (Shanghai) Technology Co., Ltd." with Changzhou Baorui Xingyang Enterprise Management Co., Ltd. (hereinafter referred to as "Baorui Xingyang") and Changzhou Weichuang Jiazhe Investment Partnership (Limited Partnership) (hereinafter referred to as "Weichuang Jiazhe", collectively referred to as the "Transferees"). On the same day, Mr. Li Zhelong signed the "Voting Rights Waiver Agreement" with the Transferees and issued a "Commitment Letter for Not Seeking Control". The company's stock will resume trading on April 9, 2025 (Wednesday).

According to the relevant provisions of the "Share Transfer Agreement" and the "Voting Rights Waiver Agreement", the Transferors intend to transfer a total of 92,370,600 shares of Tianyang New Materials, accounting for 21.35% of the total share capital, to the Transferees through two rounds of agreement transfers. In the first phase of the share transfer, the Transferors plan to transfer a total of 66,410,200 shares to the Transferees at a price of 7.345 yuan per share, accounting for 15.35% of the total share capital, with a total transaction price of approximately RMB 488 million; at the same time, Mr. Li Zhelong will waive the voting rights corresponding to the remaining 85,686,300 shares he holds, accounting for 19.80% of the total share capital. In the second phase of the share transfer, Mr. Li Zhelong intends to transfer 25,960,400 shares to Baorui Xingyang, accounting for 6.00% of the total share capital, with the transaction price to be determined by a separate agreement signed by Mr. Li Zhelong and Baorui Xingyang regarding the second phase of the share transfer.

This share transfer will change the company's controlling shareholder from Mr. Li Zhelong to Baorui Xingyang, and the actual controller will change from Mr. Li Zhelong to Mr. Ru Boxing and Mr. Ru Zhengwei. This share transfer will further optimize the company's equity structure, and Baorui Xingyang and Weichuang Jiazhe will coordinate their high-quality resources to empower the listed company, promote the company's long-term stable, healthy, and sustainable development, enhance the company's core competitiveness, improve the company's profitability and risk resistance, and increase the value of the listed company, without adversely affecting the company's normal production and operation, and there is no situation that harms the interests of the company and minority shareholders