Core Viewpoint - Tianyi New Materials (688033.SH) is taking steps to revitalize its assets and improve cash flow by selling machinery and land related to its automotive brake pads and components business [1] Group 1: Asset Disposal - The company plans to sell machinery related to automotive brake pads and components to Zhuhai Glailey Friction Materials Co., Ltd. for a price of 17.5 million yuan [1] - The company intends to transfer the land use rights and buildings located at No. 5 Huanning Road, Wuqing District, Tianjin, to Chongqing Hongmai Tianxia Industrial Development Group Co., Ltd. for 33.9 million yuan [1] Group 2: Business Restructuring - Tianyi New Materials' main business includes rail transit vehicle brake pads and automotive brake pads, and the disposal of the land and machinery will lead to the divestment of the automotive brake pads and components business [1] - The production line for rail transit brake pads will be relocated to the Beijing base, along with the related machinery, and the subsidiary Tianyi will be subsequently deregistered [1]

Core Viewpoint - Tianyi New Materials (688033.SH) is taking steps to improve its cash flow by selling assets and transferring certain business operations to streamline its focus on core activities [1] Group 1: Asset Sales - Tianyi New Materials' wholly-owned subsidiary, Tianjin Tianyi, plans to sell machinery related to automotive brake pads and components to Zhuhai Glailey Friction Materials Co., Ltd. for 17.5 million yuan [1] - The company also intends to transfer the usage rights of a state-owned construction land and its buildings, covering an area of 16,778.56 m², to Chongqing Hongmai Tianxia Industrial Development Group Co., Ltd. for 33.9 million yuan [1] Group 2: Business Focus - Tianyi New Materials' main business includes rail transit vehicle brake pads and automotive brake pads, and the current asset disposals indicate a strategic shift away from automotive brake pads and related operations [1] - The production lines for rail transit brake pads will be relocated to a base in Beijing, along with the associated machinery, indicating a consolidation of operations [1] - Following these changes, Tianjin Tianyi is expected to be deregistered as a subsidiary [1]