Gelonghui reported on December 10 that Changzhou Tiansheng New Materials Group (300169.SZ) announced that as of the date of this announcement, the transfer of real estate assets for Tiansheng Composite and the New energy Fund has been completed. Tiansheng Composite has separated its land, Property, and related facilities and businesses to the New energy Fund. Personnel related to the real estate business have been transferred to the New energy Fund, while the remaining employees of Tiansheng Composite continue to retain their employment relationships within Tiansheng Composite. The debts incurred before the separation of Tiansheng Composite will be taken on by Tiansheng Composite. The New energy Fund will bear joint liability for the debts incurred before the separation of Tiansheng Composite. Thus, the subsidiary Tiansheng Composite continues to exist as a separate entity, and the establishment of the New energy Fund has been fully completed. After this separation of the subsidiary, both Tiansheng Composite and the New energy Fund will be wholly-owned subsidiaries of the company, which will not affect the consolidated financial statements of the company or adversely affect the company's operating conditions, nor will it harm the interests of the company and the Shareholder. Investors are advised to pay attention to investment risks.