Yinbang Clad Material shareholder reduces stake by one percent

Wuxi Xinbang Technology Co., Ltd., a shareholder holding over 5% in Yinbang Clad Material Co., Ltd., has decreased its equity interest. On November 7, 2025, Wuxi Xinbang Technology sold 8,219,000 shares, reducing its total holding from 14.02% to 13.02% of the total share capital. This one percent reduction in ownership triggers a disclosure requirement.

The transaction aligns with Wuxi Xinbang Technology's previously announced plan to reduce its stake, disclosed on September 17, 2025 (Announcement No. 2025-057). The shareholder had planned to reduce its holdings by up to 1% (8,219,200 shares) via concentrated bidding and up to 2% (16,438,400 shares) via block trading within three months. This latest share reduction falls within the scope of the previously announced plan.

Wuxi Xinbang Technology is not the controlling shareholder or actual controller of Yinbang Clad Material. The company stated this equity change will not lead to a change in control, nor will it impact the company's governance structure or its continuous operational stability.