上 海 兰 迪 律 师 事 务 所 关于浙江嘉益保温科技股份有限公司 2025 年第二次临时股东大会的 法 律 意 见 书 中国上海市虹口区东大名路 1089 号北外滩来福士广场东塔 16 楼（200082） 16 th Floor, East Tower, Raffles City, No.1089, Dongdaming Road, Hongkou District, 200082, Shanghai, China Tel: 8621-66529952 Fax: 8621-66522252 www.landinglawyer.com 上海兰迪律师事务所 关于浙江嘉益保温科技股份有限公司 2025 年第二次临时股东大会的法律意见书 致：浙江嘉益保温科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下 简称"《股东会规则》"）等法律、法规和其他有关规范性文件和《浙江嘉益保 温科技股份有限公司章程》（以下简称"《公司章程》"）的有关规定，上海兰 迪律师事务所（以下简称"本所"）接受浙江嘉益保温科技股份有限公司 ...

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 2025 年第二次临时股东大会决议公告 2、本次股东大会不涉及变更以往股东大会已通过的决议。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、会议召开和出席情况 特别提示： （一）会议召开情况 1、本次股东大会未出现否决议案的情形； （1）现场会议时间：2025 年 9 月 15 日（星期一）下午 14：30 （2）网络投票时间：通过深圳证券交易所交易系统进行投票的具体时间为： 2025 年 9 月 15 日上午 9:15—9:25，9:30—11:30 和下午 13:00—15:00；通过深圳 证券交易所互联网投票系统投票的具体时间为：2025 年 9 月 15 日 9:15 至 15:00 期间的任意时间。 2、现场召开地点：公司行政楼二楼会议室 3、会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式 4、会议召集人：公司第三届 ...

为保证公司治理结构完整，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司章程指引》《公司章程》等法律法规、规范性文件的相 关规定，公司于 2025 年 9 月 15 日召开 2025 年第一次职工代表大会，经与会职 工代表投票表决，同意选举马靖先生（简历详见附件）为公司第三届董事会职工 代表董事，任期自本次职工代表大会审议通过之日起至第三届董事会届满之日止。 经与会职工代表投票表决，陈跃存先生不再担任公司职工代表监事。 马靖先生符合《公司法》等相关法律法规以及《公司章程》中关于职工代表 董事任职的资格和条件，并将按照有关规定行使职权。 本次选举职工代表董事不会导致公司董事中兼任公司高级管理人员以及由 职工代表担任的董事人数超过公司董事总数的二分之一，符合相关法律法规及 《公司章程》的规定。 特此公告。 | 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 关于非独立董事辞职暨选举职工代表董事的公告 本公司及董事会全体成员保证信息 ...

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 通知债权人的公告 一、通知债权人的原由 浙江嘉益保温科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召 开第三届董事会第十三次会议和第三届监事会第十二次会议，并于 2025 年 4 月 23 日召开公司 2024 年度股东大会，分别审议通过了《关于回购注销部分限制性 股票的议案》。根据《公司 2022 年第二期限制性股票激励计划》的有关规定， 鉴于 1 名首次授予激励对象因其他原因身故，已不符合《公司 2022 年第二期限 制性股票激励计划》中有关激励对象的规定；包括上述已故激励对象在内的 7 名首次授予激励对象和 1 名预留授予激励对象因个人层面绩效考核评定不达标， 导致其获授的限制性股票不能解除限售。公司根据《上市公司股权激励管理办法》 等相关法律、法规及公司《2022 年第二期限制性股票激励计划》的有关规定， 因其他原因身故尚未解除限售的限制性股票回购价格为 7.90 ...

Group 1 - The core viewpoint of the news is that Jia Yi Co., Ltd. has experienced a significant decline in stock price, dropping 5.2% on August 28, with a total market value of 9.104 billion yuan and a cumulative decline of 5.08% over three consecutive days [1] - Jia Yi Co., Ltd. specializes in the research, design, production, and sales of various beverage and food containers, with a primary revenue composition of 94.56% from stainless steel containers [1] - The company is located in Jinhua City, Zhejiang Province, and was established on May 12, 2004, with its stock listed on June 25, 2021 [1] Group 2 - According to data, Guolian Fund has a significant holding in Jia Yi Co., Ltd., with its Guolian Jingyi 6-Month Holding Mixed A Fund holding 4,700 shares, accounting for 0.28% of the fund's net value [2] - The fund has incurred a floating loss of approximately 16,100 yuan today, with a total floating loss of 16,600 yuan during the three-day decline [2] - The Guolian Jingyi 6-Month Holding Mixed A Fund was established on January 27, 2021, with a current scale of 90.5237 million yuan and a year-to-date return of 0.98% [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In H1 2025, the company achieved total revenue of 1.4 billion yuan, a year-on-year increase of 20%, while net profit attributable to the parent company decreased by 4% to 305 million yuan [2][6] - In Q2 2025, total revenue was 680 million yuan, a year-on-year decrease of 7%, with net profit attributable to the parent company declining by 27% [2][6] - The decline in revenue is attributed to tariff disruptions affecting both volume and pricing, with domestic production facing cautious order placements from clients [12] - The company is actively advancing the production construction of its Vietnam subsidiary to enhance product diversification and strengthen supply chain collaboration with overseas clients [12] - R&D investment in H1 2025 reached 58.88 million yuan, a 62% increase year-on-year, indicating a focus on expanding product categories and enhancing competitiveness [12] - The company is experiencing a global sales trend and is expanding its production capacity overseas, which is expected to improve overall competitiveness and accelerate new customer acquisition [12] Financial Summary - The company forecasts net profits of 820 million yuan, 980 million yuan, and 1.18 billion yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 11, 9, and 8 [12] - The proposed cash dividend for the mid-2025 period is 145 million yuan, with a dividend payout ratio of 48% [12]

Core Viewpoint - The company is facing challenges in its operational performance due to a complex external environment, frequent adjustments in international trade policies, and the construction of overseas production bases [2]. Group 1: Financial Performance - As of September 4, 2025, the company's stock price closed at 63.05 yuan, with a slight increase of 0.62% and a turnover rate of 0.9%, resulting in a trading volume of 12,100 shares and a transaction amount of 75.57 million yuan [1]. - The company reported a decline in profits for the first half of the year, attributed to fixed asset amortization from the factory in Vietnam and the impact of tariffs [2]. Group 2: Operational Challenges - The company's operational performance is significantly influenced by multiple factors, including a complex external environment and frequent adjustments in international trade policies [2]. - The company is committed to strengthening its core business, maintaining stable operations, and enhancing its overseas supply chain capabilities to improve its overall competitiveness [2]. Group 3: Market Sentiment and Trading Activity - On September 4, 2025, there was a net outflow of 2.52 million yuan from institutional investors, while retail investors saw a net inflow of 5.06 million yuan [2].

Group 1 - The company announced the progress of its share repurchase plan on September 3, 2025, detailing important information related to the repurchase [1] - The repurchase plan was approved during the board meeting on April 15, 2025, and the first extraordinary general meeting of shareholders on May 6, 2025, with a budget of no less than 80 million yuan and no more than 160 million yuan for the repurchase [2] - The initial repurchase price was set at a maximum of 139.86 yuan per share, with the implementation period lasting 12 months from the approval date [2] Group 2 - Following the completion of the 2024 annual equity distribution on May 7, 2025, the maximum repurchase price was adjusted to 97.76 yuan per share [3] - The company is required to disclose the progress of the repurchase within the first three trading days of each month, although the latest announcement did not provide specific repurchase progress data [3] - The company emphasized adherence to relevant laws and regulations during the repurchase period and will implement the share repurchase based on market conditions while fulfilling information disclosure obligations [3]

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 2025 年 5 月 7 日，公司实施完成 2024 年度权益分派，回购价格由不超过人 民币 139.86 元/股调整为不超过人民币 97.76 元/股。具体内容详见公司于 2025 年 6 月 4 日披露于巨潮资讯网（www.cninfo.com.cn）的《关于 2024 年年度权益 分派实施后调整回购股份价格上限的公告》（公告编号：2025-042）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，回购期间，公司应当在每个月的前三个交易日 内披露截至上月末的回购进展情况。现将公司截至上月末回购股份的进展情况公 告如下： 一、回购公司股份的进展情况 截至 2025 年 8 月 31 日，公司尚未实施回购。 二、其他说明 公司将严格按照相关法律、法规和规范性文件及公司回购股份方案，在回购 期限内根据市场情况择机做出回购决策并予以实施股份回购， ...

Core Viewpoint - The company reported a mixed performance in the first half of 2025, with revenue growth but a decline in net profit, primarily impacted by losses from its Vietnam operations and increased costs associated with a new production facility [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.4 billion yuan, a year-on-year increase of 20.25%, while net profit attributable to shareholders was 305 million yuan, a decrease of 3.99% [1]. - In Q2 2025, revenue was 680 million yuan, down 7.07% year-on-year, and net profit was 153 million yuan, down 27.17% [1]. - The gross profit margin for H1 2025 was 33.71%, a decrease of 5.97 percentage points year-on-year, while the net profit margin was 21.76%, down 5.49 percentage points [1]. Cost Structure - The increase in sales, management, R&D, and financial expense ratios was noted, with sales expenses rising due to stock incentive costs and export credit insurance [1]. - The management expense ratio increased due to higher employee compensation, IT spending, and environmental investments [1]. - Financial expenses rose due to increased interest expenses and reduced foreign exchange gains [1]. Production Capacity and Global Strategy - The company is expanding its global production capabilities, with a new facility in Vietnam expected to reach operational status by the end of December 2024 and commence production in 2025 [2]. - The Vietnam facility will cover the entire production chain, providing a competitive edge due to the scarcity of stainless steel vacuum cup production capacity outside China [2]. - The company plans to invest 28 million USD in a second plant in Vietnam, with the ability to establish production in other global regions within 1 to 1.5 years [2]. Future Outlook - The demand for vacuum cups remains strong, supported by a diverse product structure and capacity expansion [3]. - Revenue projections for 2025-2027 are 3.528 billion, 4.279 billion, and 5.017 billion yuan, with year-on-year growth rates of 24.4%, 21.3%, and 17.2% respectively [3]. - Net profit forecasts for the same period are 801 million, 1.007 billion, and 1.22 billion yuan, with corresponding growth rates of 9.3%, 25.7%, and 21.2% [3].