Summary of Key Points Core Viewpoint The announcement details the lifting of restrictions on a portion of shares that were issued prior to the initial public offering (IPO) of Dongguan Kaige Precision Machinery Co., Ltd. This includes the number of shares being released for circulation and the implications for the company's share structure. Group 1: Share Issuance and Structure - The number of shares being released from restrictions is 72,100,000, accounting for 67.76% of the company's total share capital [1][4]. - After the IPO, the total share capital of the company is 76,000,000 shares, with 59,342,868 shares subject to trading restrictions, representing 78.08% of the total [1]. - Following a capital increase, the total share capital has changed to 106,400,000 shares, with 72,100,000 shares under restrictions and 34,300,000 shares unrestricted [3][4]. Group 2: Shareholder Commitments - Major shareholders, including the controlling shareholder Qiu Guoliang and his spouse Peng Xiaoyun, have committed not to transfer or manage their shares for 36 months post-IPO [5][6]. - The employee shareholding platforms have also made similar commitments regarding the shares they hold [6][8]. Group 3: Changes in Share Structure - The actual number of shares available for circulation after the lifting of restrictions will be 24,850,000, which is 23.36% of the total share capital [6][9]. - The share structure will change post-restriction, with restricted shares decreasing to 47,250,000 (44.41%) and unrestricted shares increasing to 59,150,000 (55.59%) [9][10]. Group 4: Compliance and Verification - The sponsor has verified that the shareholders have adhered to their commitments regarding the lifting of share restrictions, and the announcement complies with relevant regulations [10].

1、本次解除限售的股份为东莞市凯格精机股份有限公司（以下简称"凯格 精机"、"公司"或"发行人"）首次公开发行前已发行的部分股份。 证券代码：301338 证券简称：凯格精机 公告编号：2025-021 东莞市凯格精机股份有限公司 关于首次公开发行前已发行股份上市流通提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 2、本次解除限售股东户数共计 5 户，解除限售的股份为公司首次公开发行 前部分已发行的股份，本次解除限售股份的数量为 72,100,000 股，占公司总股本 的 67.76%。 3、本次拟解除限售的股份上市流通日期为 2025 年 8 月 25 日（星期一）。 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 根据中国证券监督管理委员会《关于同意东莞市凯格精机股份有限公司首次 公开发行股票注册的批复》（证监许可【2022】796 号），公司首次公开发行人 民币普通股（A 股）股票 1,900.00 万股，并于 2022 年 8 月 16 日在深圳证券交易 所创业板上市。 首次公开发行股票完成后公司总股本为 76,0 ...

国信证券股份有限公司 关于东莞市凯格精机股份有限公司 部分首次公开发行前已发行股份上市流通的核查意见 国信证券股份有限公司（以下简称"国信证券"或"保荐人"）作为东莞市 凯格精机股份有限公司（以下简称"凯格精机"或"公司"）首次公开发行股票 并在创业板上市的保荐人，根据《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》和《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等有关法律法规和规范性文件的要求，对凯格 精机部分首次公开发行前已发行股份上市流通的事项进行了核查，发表核查意见 如下： 一、首次公开发行股票和股本情况 （一）首次公开发行股份情况 根据中国证券监督管理委员会《关于同意东莞市凯格精机股份有限公司首次 公开发行股票注册的批复》（证监许可【2022】796 号），公司首次公开发行人民 币普通股（A 股）股票 1,900.00 万股，并于 2022 年 8 月 16 日在深圳证券交易所 创业板上市。 首次公开发行股票完成后公司总股本为 76,000,000 股，其中有流通限制或限 售安排的股份数量为 59,342,868 股，占发行后总股本的比例为 78.0 ...

Group 1 - The core point of the news is that 凯格精机 has seen an increase in financing buy-in amounts over the recent trading days, indicating growing investor interest [1][2]. - On August 18, 凯格精机 had a financing buy-in amount of 0.69 billion yuan, ranking 1086th in the market, with a financing repayment amount of 0.66 billion yuan, resulting in a net buy of 2.6088 million yuan [1]. - Over the three trading days from August 14 to August 18, the financing buy-in amounts were 0.46 billion yuan, 0.57 billion yuan, and 0.69 billion yuan respectively, showing a consistent upward trend [2]. Group 2 - In terms of securities lending, on August 18, there were no shares sold or net sold, indicating no activity in this area for 凯格精机 [3].

Core Insights - The price increase of copper-clad laminates reflects the rising demand in the PCB industry, driven by the growth in AI computing servers [2][3] - Major copper-clad laminate manufacturers, including Weilibang, Jiantao Laminates, and Hongruixing, have announced price hikes due to high raw material costs and increased bargaining power from strong demand [2][3] Industry Overview - The global server sales reached $95.2 billion in Q1 2025, a year-on-year increase of 134.1%, with expectations for the global server market to reach $366 billion in 2025, a 44.6% increase [3] - The PCB market is projected to grow from $73.57 billion in 2024 to $78.56 billion in 2025, with a year-on-year growth of 6.8% [3] - The demand for high-layer multi-layer boards and HDI boards is significantly outpacing the overall PCB industry growth, with multi-layer boards expected to grow by 40.2% and HDI boards by 18.8% in 2024 [3] Production Insights - Key production processes in PCB manufacturing include drilling, exposure, and testing, with drilling equipment accounting for approximately 20% of the total industry value [4] - The increasing complexity of HDI boards necessitates advancements in drilling, exposure, and plating processes, leading to higher demand for precision equipment [4] - Domestic production rates are high for mechanical drilling, while opportunities for domestic substitution exist in laser drilling and imaging processes [4] Investment Recommendations - Focus on core production processes: for drilling, consider Dazhu CNC (301200.SZ) and consumables from Dingtai High-Tech (301377.SZ) and Zhongtung High-Tech (000657.SZ); for exposure, look at Chipbond Technology (688630.SH) and Tianzhun Technology (688003.SH); for plating, Eastway Technology (688700.SH) is recommended; for solder paste printing, Keg Precision (301338.SZ) is suggested [5]

Core Viewpoint - On August 18, a total of 19 listed companies had their restricted shares unlocked, with a total market value of approximately 32.581 billion yuan [1]. Group 1: Unlocking Details - The specific details of the restricted share unlocks are as follows: - **Sunshine Energy (000591)**: 314 million shares from A-share original shareholder allocation [2] - **Paislin (600215)**: 2.0375 million shares from equity incentive lock-up [2] - **Xin'ao Co. (600803)**: 253 million shares from A-share corporate allocation [2] - **Hualan Biological (301207)**: 459 million shares with extended lock-up period [2] - **Taihe New Materials (002254)**: 436,000 shares from equity incentive lock-up [2] - **Yinxi Technology (300221)**: 569,890 shares from equity incentive lock-up [2] - **Loxin Medical (300562)**: 110,000 shares from equity incentive lock-up [2] - **Bona Film (001330)**: 319 million shares from pre-issue lock-up [2] - **Yuanfei Pet (001222)**: 112 million shares from pre-issue lock-up [2] - **Kaige Precision Machinery (301338)**: 72.1 million shares from pre-issue lock-up [2] - **Dingjide (603255)**: 72.7914 million shares from pre-issue lock-up [2] - **Shangji Technology (301330)**: 18.515 million shares from pre-issue lock-up [2] - **Zhongchumai (688267)**: 83.3928 million shares [2] - **Luwei Optoelectronics (688401)**: 77.6214 million shares [2] - **Haohan Depth (688292)**: 10.8085 million shares [2] - **Huicheng Co. (688403)**: 259 million shares [2] - **Kaiweite (688693)**: 921,100 shares [2] - **Xinyu Ren (688573)**: 122,190 shares [2] - **Sinan Navigation (688592)**: 77,700 shares [2]

Group 1 - The latest LPR values for 1-year and 5-year loans will be announced on August 20, with the current rates at 3.0% and 3.5% respectively, unchanged from June [2] - A total of 711.8 billion yuan in reverse repos will mature next week, with specific maturities scheduled from Monday to Friday [3] - The Hang Seng Index Company will announce the results of the second quarter index review on August 22, with changes effective from September 8, 2025 [4] Group 2 - The Jackson Hole Global Central Bank Conference will take place from August 21 to 23, featuring a speech by Federal Reserve Chairman Jerome Powell on August 22 [5] - The Federal Reserve will release the minutes of its monetary policy meeting on August 21, amid a pause in interest rate cuts since early this year, with current rates between 4.25% and 4.5% [6] - Nearly 100 billion yuan in market value of restricted stocks will be unlocked next week, with 35 stocks facing unlocks, including 29.54 billion yuan from United Imaging Healthcare [7][8] Group 3 - One new stock, Balanshi, is set to be issued next week on August 19, with approximately 19 million shares expected to raise nearly 300 million yuan [11]

Group 1 - The company, Kaige Precision Machinery, announced that its second board meeting will be held on August 15, 2025, to discuss matters related to stock incentive plans [2] - For the year 2024, the company's revenue composition is entirely from the specialized equipment manufacturing industry, accounting for 100.0% [2]

Group 1 - The company, Kaige Precision Machinery, announced a restricted stock incentive plan for 2025, involving the issuance of Class II restricted stocks [2] - The plan targets 69 individuals, with a total of 586,500 restricted shares to be granted, representing approximately 0.55% of the company's total share capital of about 106 million shares [2] - The grant price for the restricted shares is set at 33.19 yuan per share, with a maximum validity period of 60 months from the date of grant [2] Group 2 - For the year 2024, the company's revenue is entirely derived from the specialized equipment manufacturing industry, accounting for 100% of its revenue [3]

证券代码：301338 证券简称：凯格精机 公告编号：2025-018 东莞市凯格精机股份有限公司 第二届董事会第十六次会议决议公告 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。 东莞市凯格精机股份有限公司（以下简称"公司"）第二届董事会第十六次 会议于 2025 年 8 月 15 日在公司会议室以现场结合通讯方式召开。经全体董事一 致同意，豁免第二届董事会第十六次会议通知时间的要求，于 2025 年 8 月 15 日以口头及电话方式发出会议通知，会议应出席董事 5 人，实际出席董事 5 人， 其中谢园保先生、王钢先生以通讯方式表决。会议由董事长邱国良先生召集并主 持，公司监事及高级管理人员列席本次会议。本次会议的召集、召开符合《公司 法》和《公司章程》的有关规定，会议合法有效。 表决结果：5 票同意，0 票反对，0 票弃权。 本议案尚需提交公司股东大会审议。 2、审议通过《关于<东莞市凯格精机股份有限公司 2025 年限制性股票激励 计划实施考核管理办法>的议案》 一、董事会会议审议情况 经过各位董事认真审议，本次会议形成如下决议： 1、审议通过《关于<东 ...