Core Viewpoint - Tianyi New Materials (688033.SH) plans to sell machinery and real estate related to its automotive brake pads and components project from its wholly-owned subsidiary Tianyi Shangjia (Tianjin) New Materials Co., Ltd. [1] Group 1: Asset Sale Details - The company intends to sell machinery related to the automotive brake pads and components project for 17.5 million yuan to non-related party Zhuhai Gelaili Friction Materials Co., Ltd. [1] - The company will transfer the state-owned land use rights and buildings located at No. 5 Huanning Road, Wuqing District, Tianjin, to non-related party Chongqing Hongmai Tianxia Industrial and Trade Development Group Co., Ltd. for 33.9 million yuan. [1] Group 2: Financial Impact - The assets being sold have not generated economic benefits in recent years, and Tianyi has been in a continuous loss state. [1] - The business revenue from this segment has been small over the past three years, contributing a low proportion to the company's overall revenue. [1] - The company's rail transit brake pads business will be transferred to its Beijing base, and related machinery will also be moved to Tianyi New Materials and relevant entities within the system. [1] Group 3: Overall Business Impact - The sale of these assets will not affect the company's overall revenue situation and is not expected to have a significant impact on the company's business. [1]

Core Viewpoint - Tianyi New Materials (688033.SH) plans to sell machinery and real estate related to its automotive brake pads and components project held by its wholly-owned subsidiary Tianyi Shangjia (Tianjin) New Materials Co., Ltd. The sale is part of a broader strategy to streamline operations and focus on more profitable segments [1] Group 1: Asset Sale Details - The company intends to sell machinery related to the automotive brake pads and components project to Zhuhai Gelaili Friction Materials Co., Ltd. for 17.5 million yuan [1] - Additionally, the company will transfer the state-owned land use rights and buildings located at No. 5 Huaning Road, Wuqing District, Tianjin, to Chongqing Hongmai Tianxia Industrial Trade Development Group Co., Ltd. for 33.9 million yuan [1] Group 2: Financial Impact - The assets being sold have not generated economic benefits in recent years, and Tianyi Shangjia has been in a continuous loss state [1] - The revenue from this business segment has been small over the past three years, contributing a low proportion to the company's overall revenue [1] - The company's rail transit brake pads and components business will be relocated to its Beijing base, and related machinery will also be transferred, indicating that the asset sale will not significantly impact overall revenue or business operations [1]