Tianyang New Materials has announced that its controlling shareholder, Li Zhelong, intends to transfer a 21.35% stake in the company to Bairui Xingyang and associated parties, relinquishing the voting rights of his remaining shares. Upon completion of this transaction, Bairui Xingyang will assume the role of controlling shareholder, with Ru Boxing and Ru Zhengwei emerging as the new actual controllers. Trading in the company's stock is scheduled to resume on April 9, 2025.