Group 1 - The company Tianyi New Materials announced the sale of machinery and real estate related to its automotive brake pads and components project [1] - The sale involves production lines previously associated with an annual capacity of 300,000 railway vehicle brake pads, 300,000 sets of automotive brake pads, and 4.125 million sets of automotive components [1] - The decision to transfer the assets was approved by the company's board and supervisory committee on August 4, 2025, and will be submitted for shareholder approval [1]

Core Viewpoint - Tianyi New Materials announced plans to sell its wholly-owned subsidiary Tianjin Tianyi's automotive brake pads and related equipment to improve cash flow and activate existing assets [1] Group 1: Asset Sale Details - The sale includes machinery priced at 17.5 million yuan and real estate valued at 33.9 million yuan [1] - The assets involved in the transaction are part of the company's previous project to produce 300,000 rail transit vehicle brake pads, 300,000 automotive brake pads, and 4.125 million automotive parts [1] Group 2: Business Restructuring - Following the transaction, Tianjin Tianyi will divest its automotive brake pad and steel backing related business [1] - The rail transit brake pad production line will be relocated to the Beijing base [1]