Tianyang New Materials: Intends to sell 100% equity of Defaray to Zolta Textile.

Tianyang New Materials announced that the company intends to sell 100% equity of Jiangsu Defauray New Materials Technology Co., Ltd. held by the company to Changshu Zhengtai Textile Co., Ltd., and signed a "Letter of Intent" on May 26, 2026. Defauray is the implementing entity of the company's non-public offering project in 2020, the "High-end New Type Environmental Protection Wall Cloth and Industrial Functional Fabric Production Project." The company held a board of directors, supervisory committee, and temporary shareholders meeting on May 26, 2025, and approved the resolution of "Termination of the Environmental Protection Wall Cloth Fundraising Project." This transaction is still in the planning stage, and the trading plan needs further negotiation and verification. The specific trading plan and terms will be based on the formal agreement signed by all parties.