Yinbang shareholder reduces stake, plans not fully completed

Wuxi Xinbang Technology Co., Ltd., a shareholder holding over 5% of Yinbang Clad Material shares, has partially fulfilled its previously announced plan to reduce its stake. Between November 12 and November 20, 2025, Xinbang Technology sold 5.65m shares of Yinbang stock through block trades.

This sale represents a 0.69% reduction in shareholding, bringing Xinbang Technology's total ownership down from 12.54% to 11.85%. This change triggered a notification as it crossed an integer multiple of 1% in shareholding, as outlined in the company's disclosure requirements.

The company confirmed this reduction aligns with the previously disclosed intent, with the total number of shares reduced remaining within the planned range. The share reduction plan has not yet been fully completed. Xinbang Technology is not the controlling shareholder or actual controller of Yinbang Clad Material, and this change is not expected to alter the company's control structure or ongoing operations.