关于宁波韵升股份有限公司 2025 年第一次临时股东大会的 法律意见书 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 国枫律股字[2025]A0420 号 致：宁波韵升股份有限公司（"贵公司"或"宁波韵升"） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《律师事务所从事证券法律业务管理 办法》（以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政法规、 规章、规范性文件及《宁波韵升股份有限公司公司章程》（以下简称"《公司章程》"） 的规定，就本次会议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程 序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师 ...

Group 1 - The company, Ningbo Yunsen (600366), announced plans to hold a semi-annual performance briefing on September 12, 2025 [1]

证券代码：600366 证券简称：宁波韵升 公告编号：2025-056 宁波韵升股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 09 月 05 日 （星期五） 至 09 月 11 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 stock@ysweb.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 三、 参加人员 董事长、总经理：竺晓东先生 董事会秘书：赵佳凯先生 宁波韵升股份有限公司（以下简称"公司"）已于 2025 年 8 月 23 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地 了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 12 日（星期五）13:00-14:45 举行 2025 年半年度业绩 ...

Market Overview - On September 2, the metal new materials sector experienced a decline of 4.17%, with Placo New Materials leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Key stocks in the metal new materials sector showed significant declines, with Placo New Materials down 7.15% to a closing price of 73.00, and Srey New Materials down 7.11% to 16.06 [1] - Other notable declines included Ningbo Yunsheng down 7.05% to 15.69, and Jiangnan New Materials down 6.89% to 87.16 [1] Capital Flow - The sector saw a net outflow of 2 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.9 billion yuan [1] - The table of capital flow indicates that major stocks like Bo Wei Tai Jin and Hua Da New Materials experienced significant net outflows from institutional investors [2] Individual Stock Analysis - Bo Wei Tai Jin had a net inflow of 1.17 million yuan from institutional investors, but a net outflow of 1.16 million yuan from speculative funds [2] - Hua Da New Materials reported a net outflow of 401.82 thousand yuan from institutional investors, while retail investors contributed a net inflow of 664.38 thousand yuan [2]

Group 1 - The rare earth permanent magnet index fell by 2.16% at the beginning of trading, indicating a downward trend in the sector [1] - Component stocks generally declined, with notable drops including Beikong Technology down by 4.46%, Tianhe Magnetic Materials down by 4.17%, Ningbo Yunsheng down by 3.91%, Shenghe Resources down by 3.56%, and Zhonggang Tianyuan down by 3.56% [1]

Core Points - Ningbo Yunsheng Co., Ltd. is planning to hold a shareholder meeting on September 8, 2025, to discuss various governance changes, including the cancellation of the supervisory board and amendments to the company's articles of association [1][2][3]. Group 1: Meeting Details - The shareholder meeting will take place at 14:00 on September 8, 2025, at the company's headquarters in Ningbo, Zhejiang Province [1]. - The meeting will be chaired by Chairman Zhu Xiaodong [1]. Group 2: Agenda Items - The agenda includes the review of the revised "Rules of Procedure for Shareholders' Meetings" and "Rules of Procedure for Board Meetings" [1]. - A proposal to cancel the supervisory board and transfer its powers to the audit committee of the board will be presented [2][4]. - Amendments to the company's articles of association will be discussed, including the standardization of terms and the enhancement of governance structures [2][4]. Group 3: Governance Changes - The supervisory board will be abolished, and its responsibilities will be assumed by the audit committee of the board, with related internal rules being repealed [2][4]. - The articles of association will be revised to improve the governance of shareholders and the board, including the adjustment of terminology and the enhancement of voting procedures [2][4][5]. Group 4: Shareholder Rights - Shareholders will retain rights to request meetings, supervise company operations, and participate in decision-making processes [19][33]. - The company will ensure that shareholders can exercise their rights effectively, including the right to vote and receive dividends [19][33]. Group 5: Legal Compliance - The company will ensure that all changes comply with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2][4][19]. - Legal opinions will be sought to confirm the compliance of the meeting's procedures and decisions [37].

宁波韵升股份有限公司 2025 年第一次临时股东大会 会议资料 二○二五年九月 -1- 宁波韵升股份有限公司 2025 年第一次临时股东大会会议议程安排 一、现场会议时间：2025 年 9 月 8 日 14 点 00 分 二、现场会议地点：浙江省宁波市鄞州区扬帆路 1 号 总部大楼 210 会议室 三、主 持 人：董事长 竺晓东先生 | 现场会议议程 | 发言人 | 页码 | | --- | --- | --- | | 一、主持人宣布现场会议开始 | 竺晓东 | | | 二、审议议案 | | | | 非累积投票议案 | | | | 1、关于取消监事会、修订《公司章程》及部分公司治理制度的 | 赵佳凯 | 3 | | 议案 | | | | 2、《宁波韵升股份有限公司股东会议事规则(2025 年 8 月修订)》 | 赵佳凯 | 58 | | 3、《宁波韵升股份有限公司董事会议事规则(2025 年 8 月修订)》 | 赵佳凯 | 75 | | 4、《宁波韵升股份有限公司独立董事制度(2025 年 8 月修订)》 | 赵佳凯 | 95 | | 5、《宁波韵升股份有限公司关联交易管理制度》 | 张迎春 | 108 | ...

Market Overview - On September 1, the metal new materials sector declined by 0.91%, with Zhongzhou Special Materials leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Performers in Metal New Materials Sector - Aluminum Science and Technology (300811) closed at 78.62, up 6.32% with a trading volume of 201,800 shares and a transaction value of 1.559 billion [1] - Jiangnan New Materials (603124) closed at 93.61, up 3.98% with a trading volume of 51,400 shares and a transaction value of 470 million [1] - Chitong New Materials (300930) closed at 32.97, up 3.97% with a trading volume of 33,800 shares and a transaction value of 110 million [1] Underperformers in Metal New Materials Sector - Zhongzhou Special Materials (300963) closed at 19.60, down 3.64% with a trading volume of 244,300 shares and a transaction value of 480 million [2] - Jinli Permanent Magnet (300748) closed at 39.65, down 3.29% with a trading volume of 1,353,400 shares [2] - Galaxy Magnet (300127) closed at 33.52, down 2.84% with a trading volume of 181,300 shares [2] Capital Flow Analysis - The metal new materials sector experienced a net outflow of 2.024 billion from institutional investors, while retail investors saw a net inflow of 1.605 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Individual Stock Capital Flow - Aluminum Science and Technology (300811) had a net inflow of 86.8654 million from institutional investors, while retail investors had a net outflow of 11.0 million [3] - Chitong New Materials (300930) saw a net inflow of 13.6276 million from institutional investors, but retail investors had a net outflow of 812.81 thousand [3] - Jiangnan New Materials (603124) had a net inflow of 1.2722 million from institutional investors, with retail investors seeing a net inflow of 426.71 thousand [3]

Core Viewpoint - The rapid development of humanoid robots is creating significant market opportunities for rare earth permanent magnet materials, particularly neodymium-iron-boron magnets, which are essential for the core components of humanoid robots [1]. Group 1: Industry Overview - The humanoid robot industry is accelerating its application, with rare earth permanent magnet materials playing a crucial role in the performance of these robots [1]. - Neodymium-iron-boron permanent magnets are widely used in servo motors and other core components of humanoid robots, indicating a growing demand in this sector [1]. Group 2: Key Companies - **Jiangxi Jinli Permanent Magnet Technology Co., Ltd. (Jinli Permanent Magnet)**: Established in 2008, it is a leading global supplier of high-performance neodymium-iron-boron permanent magnet materials, with applications in various fields including new energy vehicles and humanoid robots. The company has become a key supplier for Tesla in the humanoid robot sector [3]. - **Baotou Yinst Magnetic New Materials Co., Ltd. (Yinst)**: Founded in 2011, Yinst focuses on the development and production of rare earth permanent magnet application devices. The company has established a strong technical barrier and is actively supplying components for humanoid robot motors [5]. - **Beijing Zhongke Sanhuan High Technology Co., Ltd. (Zhongke Sanhuan)**: Established in 1999, it is one of the largest manufacturers of neodymium-iron-boron magnets globally. The company has a strong focus on technological innovation and has been supplying products to the robotics sector for many years [6][7]. - **Ningbo Yunsheng Co., Ltd. (Yunsheng)**: Founded in 1994, it is a major manufacturer of rare earth permanent magnet materials with a production capacity of 21,000 tons per year. The company is expanding into the humanoid robot market and has established partnerships with leading firms in this field [9]. - **Ningbo Jintian Copper (Group) Co., Ltd. (Jintian)**: Established in 1986, Jintian is a leading supplier of copper and copper alloy materials, actively expanding its rare earth permanent magnet materials business to support the development of humanoid robots [11][12].

Investment Rating - The report maintains a standard rating for the non-ferrous metals industry, indicating a positive outlook for investment in this sector [1]. Core Insights - The non-ferrous metals industry has seen a significant increase in performance, with an overall rise of 8.37% in the last two weeks, outperforming the CSI 300 index by 1.41 percentage points, ranking 5th among 31 industries [2][11]. - The small metals and new materials sectors have shown particularly strong performance, with increases of 21.87% and 13.84% respectively in the same period [2][16]. - The report highlights the positive impact of government policies on the rare earth sector, leading to a rapid price recovery for rare earth products [4][72]. Industry Analysis Market Performance - As of August 28, 2025, the non-ferrous metals industry has increased by 16.08% this month and 44.99% year-to-date, ranking 5th and 2nd respectively among 31 industries [11][12]. - The small metals sector has surged by 77.45% year-to-date, while the new materials sector has risen by 55.77% [16]. Price Trends - As of August 28, 2025, key prices include: - LME copper at $9,839.50 per ton - LME aluminum at $2,607 per ton - LME lead at $1,988 per ton - LME zinc at $2,787 per ton - LME nickel at $15,300 per ton - LME tin at $34,825 per ton [22]. - The rare earth price index reached 226.27, up 21.16 from early August, with specific prices for praseodymium-neodymium oxide averaging 604 yuan per kilogram [41][72]. Company Performance - Notable companies in the sector include: - China Rare Earth (000831) and Kingstone Permanent Magnet (300748), which are recommended for attention due to their strong market positions [73]. - In the last two weeks, the top-performing stocks include Zhangyuan Tungsten (57.70%), Kingstone Permanent Magnet (54.48%), and Northern Rare Earth (46.39%) [18][20]. - Year-to-date, the top gainers are Copper Crown Copper Foil (217.60%), Zhongzhou Special Materials (211.00%), and Northern Rare Earth (165.00%) [20].