Tiansheng New Materials: planned issuance of stocks to raise funds not exceeding 253 million yuan.

Tiansheng New Materials announced that it plans to issue shares to specific investors to raise funds of up to 253 million yuan, with the net proceeds after deducting issuance expenses to be used entirely for repaying bank loans and/or supplementing working capital. The targeted investor for this share issuance is Beijing Rongshengzhi Rui Technology Development Partnership Enterprise, with an issuance price of 5.06 yuan per share and a planned subscription of 50 million shares. Prior to this issuance, the company had no controlling shareholder or actual controller; after the issuance, the controlling shareholder of the company will change to Beijing Rongshengzhi Rui Technology Development Partnership Enterprise, and the actual controller will change to Wei Lidong.