According to the announcement from Zhitong Finance APP, Tianyang New Materials (603330.SH) has recently received a "Notice of Equity Change" from its shareholder Zhuhai Hengqin Caidong Fund Management Co., Ltd. - Caidong Huixin No. 2 Private Securities Investment Fund (referred to as "Zhuhai Hengqin Caidong Fund"). It was learned that from September 4 to November 3, 2025, the fund reduced its holdings in the company by 4.0318 million shares through centralized bidding, accounting for 0.931833% of the company's current total share capital, and reduced its holdings by 293,000 shares through block trading, accounting for 0.0677% of the company's current total share capital. After this equity change, the total number of shares held by Zhuhai Hengqin Caidong Fund decreased from 25.9584 million shares to 21.6336 million shares, and the total shareholding ratio decreased from 5.9995% to 4.9999%, touching the 1% threshold. After this equity change, the shareholding ratio of Zhuhai Hengqin Caidong Fund in the company is 4.9999%, and it is no longer a shareholder holding more than 5% of the company