Tianyang New Materials (603330.SH) plans to sell 100% equity of its subsidiary Defa Ray.

Wisdom Financial News APP News, Tianyang New Materials (603330.SH) announced that the company plans to sell 100% equity of Jiangsu Defaray New Material Technology Co., Ltd. (referred to as "Defaray") held by it to Changshu Zhengtai Textile Co., Ltd. (referred to as "Zhengtai Textile"), and signed an "Intention Agreement" on May 26, 2026. The transaction is still in the planning stage, and the transaction scheme still needs further negotiation and demonstration. The specific transaction scheme and terms are subject to the formal agreement signed by all parties.