Group 1 - Company Yanpai Co., Ltd. (SZ 301081) held a temporary board meeting on October 13, 2025, to discuss the proposal regarding the non-early redemption of "Yanpai Convertible Bonds" [1] - For the first half of 2025, Yanpai's revenue composition was 94.71% from specialized equipment and 5.29% from other businesses [1] - As of the report date, Yanpai's market capitalization was 2.4 billion yuan [1]

| 证券代码：301081 | 证券简称： | 严牌股份 | 公告编号：2025-083 | | --- | --- | --- | --- | | 债券代码：123243 | 债券简称： | 严牌转债 | | 浙江严牌过滤技术股份有限公司 第四届董事会第二十一次会议决议公告 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、董事会会议召开情况 浙江严牌过滤技术股份有限公司（以下简称"公司"）第四届董事会第二十 一次会议于 2025 年 10 月 13 日（星期一）在天台县始丰街道永兴路 1 号以现场 结合通讯的方式召开。会议通知于 2025 年 10 月 13 日以电子邮件、电话等形式 向各位董事发出。本次会议为紧急临时会议，董事长在会议上就紧急召开本次会 议的情况进行了说明，公司全体董事均同意豁免本次董事会会议的通知时限要求。 本次会议应出席董事 7 人，实际出席董事 7 人（其中：通讯方式出席董事 5 人）。 会议由董事长孙尚泽先生主持，全体监事、高级管理人员列席。会议召开符 合有关法律、法规、规章和《公司章程》的规定。经各位董事认真审议，会议形 成了 ...

| 证券代码：301081 | 证券简称：严牌股份 | 公告编号：2025-084 | | --- | --- | --- | | 债券代码：123243 | 债券简称：严牌转债 | | 浙江严牌过滤技术股份有限公司 关于不提前赎回严牌转债的公告 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。 特别提示： 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 公司本次发行的可转债已于 2024 年 7 月 26 日在深圳证券交易所挂牌上市 交易，债券简称"严牌转债"，债券代码"123243"。 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意浙江 严牌过滤技术股份有限公司向不特定对象发行可转换公司债券注册的批复》 （证监许可[2024]40 号）同意注册，严牌股份于 2024 年 7 月 10 日向不特定对 象发行了 467.8889 万张可转债，每张面值为人民币 100.00 元，募集资金总额为 人民币 46,788.89 万元（含发行费用），募集资金净额为 46,066.97 万元。 （二）可转换公司债券上市情况 （三）可转换公司债券转股期 ...

关于浙江严牌过滤技术股份有限公司 不提前赎回严牌转债的核查意见 深圳证券交易所： 长江证券承销保荐有限公司（以下简称"长江保荐"、"保荐机构"）作为浙 江严牌过滤技术股份有限公司（以下简称"严牌股份"、"公司"）首次公开发行 股票并在创业板上市、向不特定对象发行可转换公司债券的保荐机构，根据 《可转换公司债券管理办法》《证券发行上市保荐业务管理办法》《深圳证券交 易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 15 号— —可转换公司债券》等相关法律、法规和规范性文件的规定履行持续督导职责， 对公司不提前赎回"严牌转债"事项进行了核查，核查情况及核查意见如下： 长江证券承销保荐有限公司 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意浙江严 牌过滤技术股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监 许可[2024]40 号）同意注册，严牌股份于 2024 年 7 月 10 日向不特定对象发行 了 467.8889 万张可转债，每张面值为人民币 100.00 元，募集资金总额为人民币 46,788.89 万元（含 ...

| 证券代码：301081 | 证券简称：严牌股份 公告编号：2025-082 | | --- | --- | | 债券代码：123243 | 债券简称：严牌转债 | 一、可转换公司债券基本情况 浙江严牌过滤技术股份有限公司 关于 2025 年第三季度可转换公司债券转股情况的公告 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。 特别提示： 1、"严牌转债"（债券代码：123243）转股期限为 2025 年 1 月 16 日至 2030 年 7 月 9 日，最新转股价格为 7.27 元/股； 2、2025 年第三季度，共有 149,930 张"严牌转债"完成转股（票面金额共 计 14,993,000 元人民币），合计转为 2,062,260 股"严牌股份"股票（股票代码： 301081）； 3、截至 2025 年第三季度末，"严牌转债"剩余 3,081,583 张，剩余票面总 金额为 308,158,300 元人民币。 根据《深圳证券交易所创业板股票上市规则》和《深圳证券交易所上市公 司自律监管指引第 15 号——可转换公司债券》的有关规定，浙江严牌过滤技术 股 ...

Core Insights - The dust filter bag industry in China is experiencing steady growth, driven by increasing industrial pollution control and air quality improvement policies, with market size projected to grow from 3.986 billion yuan in 2015 to 11.865 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 12.88% [1][8] - The global dust filter bag market is also expanding, with market size expected to rise from 3.2 billion USD in 2015 to 6.8 billion USD in 2024, reflecting a CAGR of 8.74% [8] Industry Overview - Dust filter bags are essential components in industrial dust removal, made from high-temperature and corrosion-resistant fibers, achieving a dust removal efficiency of up to 98.99% [3][8] - The industry has evolved through four stages: initial awareness in the early 20th century, widespread adoption in the 1950s-60s, rapid development from the 1980s to early 21st century, and modern applications since the 21st century [5][6] Market Dynamics - The dust filter bag market is expected to continue growing due to ongoing ultra-low emission transformations in key industries such as steel, cement, and electricity, as well as the release of environmental governance demands in non-electric sectors [1][8] - The upstream supply chain includes raw materials like cellulose, polyester, and polypropylene, while the downstream applications span various industries including power, steel, cement, and chemicals [6] Competitive Landscape - The Chinese dust filter bag industry features numerous players with relatively low market concentration, including key companies like Jiangsu Dongfang Filter Bag Co., Ltd., Zhejiang Yanpai Filter Technology Co., Ltd., and Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. [2][9] - Despite some leading companies having advantages in brand influence and technology, the market remains fragmented with many small to medium-sized enterprises participating [9] Future Trends - The industry is expected to focus on high efficiency, with advancements in filter materials and the integration of IoT technology for predictive maintenance [12] - Environmental considerations are shifting towards a lifecycle approach, emphasizing the use of green materials and the development of multifunctional filter bags [13] - Economic strategies will prioritize lifecycle cost reduction through technological innovation rather than mere price competition, with a shift towards service-based business models [15]

| 证券代码：301081 | 证券简称：严牌股份 公告编号：2025-081 | | --- | --- | | 债券代码：123243 | 债券简称：严牌转债 | 浙江严牌过滤技术股份有限公司 关于严牌转债转股数额累计达到转股前公司已发行股份总额 特别提示： 1、转股情况：截至 2025 年 9 月 26 日，累计 1,583,136 张"严牌转债"转 换为浙江严牌过滤技术股份有限公司（以下简称"公司"或"严牌股份"）股 票，累计转股数量为 21,222,438 股，占"严牌转债"转股前公司已发行股份总 额的 10.31%1； 2、未转股情况：截至 2025 年 9 月 26 日，公司尚有 3,095,753 张"严牌转 债"尚未转股，占向不特定对象发行可转换公司债券（以下简称"可转债"） 发行总量的 66.16%。 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意浙江 严牌过滤技术股份有限公司向不特定对象发行可转换公司债券注册的批复》 （证监许可[2024]40 号）同意注册，严牌股份于 2024 年 7 月 10 日向不特定对 象发 ...

浙江严牌过滤技术股份有限公司 关于严牌转债可能满足赎回条件的提示性公告 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。 特别提示： 1、自 2025 年 9 月 15 日至 2025 年 9 月 26 日，浙江严牌过滤技术股份有限 公司（以下简称"公司"）股票已有十个交易日的收盘价不低于"严牌转债" 当期转股价格 7.27 元/股的 130%（含 130%，即 9.451 元/股）； 2、若在未来触发"严牌转债"的有条件赎回条款（即"在转股期内，如果 公司股票在连续三十个交易日中至少十五个交易日的收盘价格不低于当期转股 价格的 130%（含 130%）"），根据《浙江严牌过滤技术股份有限公司向不特 定对象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）中 有条件赎回条款的相关约定，届时公司有权决定按照债券面值加当期应计利息 的价格赎回全部或部分未转股的可转换公司债券（以下简称"可转债"）； 3、敬请广大投资者详细了解本次可转债的相关规定，并关注公司后续公告， 注意投资风险。 | 证券代码：301081 | 证券简称：严牌股份 公告编号：2025-0 ...

Group 1 - The core point of the news is that Yanpai Co., Ltd. experienced a decline in stock price and trading volume, with significant financing activities indicating high leverage levels [1][2] Group 2 - On September 25, Yanpai Co., Ltd. saw a stock price drop of 2.52% with a trading volume of 30.14 million yuan [1] - The financing data shows that on the same day, the company had a financing buy amount of 2.52 million yuan and a financing repayment of 2.85 million yuan, resulting in a net financing buy of -0.33 million yuan [1] - As of September 25, the total financing and securities lending balance for Yanpai Co., Ltd. was 39.40 million yuan, which accounts for 1.67% of its circulating market value, indicating a high level compared to the past year [1] - The company’s main business involves the research, production, and sales of environmental filtration materials, with revenue composition being 53.53% from non-woven series, 40.70% from woven series, and 5.77% from other sources [1] Group 3 - As of September 19, the number of shareholders for Yanpai Co., Ltd. was 8,690, a decrease of 2.60% from the previous period, while the average circulating shares per person increased by 3.03% to 24,931 shares [2] - For the first half of 2025, Yanpai Co., Ltd. achieved an operating income of 429 million yuan, representing a year-on-year growth of 19.77%, while the net profit attributable to the parent company was 21.52 million yuan, a decrease of 25.95% year-on-year [2] - Since its A-share listing, Yanpai Co., Ltd. has distributed a total of 264 million yuan in dividends, with 178 million yuan distributed over the past three years [2]

Core Viewpoint - Yanpai Co., Ltd. announced that its controlling shareholder and actual controller's concerted action party, Tiantai Youfeng Investment Consulting Management Co., Ltd., has completed a share buyback plan by acquiring 1,602,400 shares, representing 0.71% of the total share capital as of September 17, 2025, with a total investment of 17,054,073.40 yuan [1] Summary by Categories Share Buyback - The share buyback occurred between July 9, 2025, and September 17, 2025 [1] - The total shares acquired amounted to 1,602,400, which is 0.71% of the total share capital of 225,879,666 shares [1] - The total amount invested in the buyback was 17,054,073.40 yuan, excluding transaction fees [1] Completion of Buyback Plan - The buyback plan has been completed, exceeding the lower limit of the planned investment amount but not exceeding the upper limit [1]