Yinbang Clad Material shareholder plans to reduce stake

Wuxi Xinbang Technology, a shareholder currently holding 14.02% of Yinbang Clad Material, intends to divest up to 24,657,600 shares, representing a maximum of 3% of the company's total share capital. The reduction will occur through both concentrated bidding and block trading methods.

Within three months after 15 trading days from the announcement, Wuxi Xinbang Technology plans to sell up to 1% via concentrated bidding and up to 2% via block trading. The selling period is from October 17, 2025, to January 16, 2026, with prices determined by market conditions.

Wuxi Xinbang Technology stated the divestment is to meet its own capital requirements. The company confirmed Wuxi Xinbang Technology is not a controlling shareholder or actual controller, and the share reduction is not expected to significantly impact the company's governance, equity structure, or operations.