Summary of Key Points Core Viewpoint - On November 20, Yinbang Co., Ltd. executed a block trade of 2.232 million shares, amounting to 19.7085 million yuan, which represented 9.07% of the total trading volume for the day. The transaction price was 8.83 yuan, reflecting a discount of 13.26% compared to the market closing price of 10.18 yuan [1]. Group 1: Trading Details - The block trade involved a total of 2.232 million shares at a price of 8.83 yuan per share [1]. - The total transaction value was 19.7085 million yuan [1]. - The transaction accounted for 9.07% of the total trading volume on that day [1]. Group 2: Buyer and Seller Information - The buyer was identified as an institutional trading department, with multiple transactions recorded [2]. - The seller was associated with Guolian Minsheng Securities Co., Ltd., specifically their Wuxi Zhongshan Road branch [2]. - Various transaction volumes were recorded, including 22.70 million shares, 37.10 million shares, and 50.00 million shares, among others, all at the same price of 8.83 yuan [2].

| 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-073 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述 银邦金属复合材料股份有限公司（以下简称"公司"）分别于2025年4月18 日、2025年5月15日召开第五届董事会第十六次会议及2024年年度股东大会，审 议通过了《关于2025年度担保额度预计的议案》，同意公司为全资子公司银邦（安 徽）新能源材料科技有限公司（以下简称"银邦安徽新能源"）融资提供担保， 预计担保额度不超过人民币19.5亿元。具体内容详见公司2025年4月18日在中国 证监会指定的创业板信息披露网站巨潮资讯网披露的《关于2025年度担保额度预 计的公告》（公告编号：2025-023）。 二、担保进展情况 近日，公司与中国工商银行股份有限公司淮北牡丹支行签署了《保证合同》, 为上述全资子公司银邦安徽新能源与该银行签订的主合同项下债务 ...

Core Insights - The 3D printing industry is at a critical juncture for consumer adoption, with significant advancements in technology and increasing demand for personalized products [5][4]. Group 1: 3D Printing Technology Developments - Carnegie Mellon University scientists have developed a new 3D printing technique that successfully created microDeltas, a type of miniature delta robot, which could be utilized in micro-manipulation, micro-assembly, and wearable haptic devices [3]. - The new 3D printing process is based on two-photon polymerization, allowing for the rapid production of complex 3D structures with electrical functionalities, significantly reducing design iteration time compared to traditional methods [3]. Group 2: Market Demand and Growth - Global demand for consumer-grade 3D printers has surged, with a reported 22% year-on-year increase in entry-level printer sales in Q1 of this year, surpassing 1 million units shipped for the first time [4]. - The 3D printing equipment production saw a 40.5% year-on-year increase in the first three quarters, outpacing growth in industrial robots and electric vehicles [4]. - The global 3D printing market is projected to reach $24.61 billion by 2024, with a compound annual growth rate (CAGR) of 18.5% from 2024 to 2034 [4]. Group 3: Investment and Stock Performance - 14 3D printing concept stocks have shown increased trading activity, with an average year-to-date increase of 43.11%, outperforming the Shanghai Composite Index [6]. - Notable stocks include Tongda Chuangzhi, which saw a trading volume increase of 224.46% in November, and Jinggong Technology, which had a trading volume increase of 79.68% [6][7]. - DJI's recent investment in a 3D printing company highlights the potential for growth in the consumer 3D printing sector, aligning with its innovative technology strategy [4].

Group 1: Apple and DJI Developments - Apple has officially announced that the titanium cases for the Apple Watch Series 11/Ultra 3 are manufactured using a new 3D printing process, which utilizes "binder jetting" to layer 100% recycled titanium powder, significantly reducing material waste and saving approximately 400 tons of titanium annually [1] - DJI has invested several hundred million RMB in the consumer-grade 3D printing company Smart Pie, recognizing the growth potential of the consumer-grade 3D printing technology and aligning with its innovative technology strategy [1] Group 2: Market Trends in 3D Printing - Global demand for consumer-grade 3D printing has surged, with entry-level 3D printer sales increasing by 22% year-on-year in Q1, surpassing 1 million units for the first time [2] - The production of 3D printing equipment in China has grown by 40.5% year-on-year in the first three quarters, outpacing growth in industrial robots and new energy vehicles [2] - The global 3D printing market is projected to reach $24.61 billion by 2024, with a compound annual growth rate (CAGR) of 18.5% from 2024 to 2034 [2] Group 3: Performance of 3D Printing Stocks - A-share 3D printing concept stocks have shown strong performance, with an average increase of 43.11% year-to-date, outperforming the Shanghai Composite Index [3] - Five concept stocks have seen increases exceeding 70% year-to-date, including Zhongzhou Special Materials, Huazhu High-Tech, and others [3] - Trading activity has increased significantly for 3D printing concept stocks, with notable increases in daily trading volume for companies like Tongda Chuangzhi and Yinbang Co., indicating heightened investor interest [3]

Core Viewpoint - The company, Yinbang Co., has decided not to lower the conversion price of its convertible bonds, "Yinbang Convertible Bonds," during the specified period, indicating a strategic decision to maintain the current terms despite potential triggers for adjustment [2]. Summary by Relevant Sections - **Board Meeting Decision**: On November 19, 2025, the company held its 20th meeting of the 5th Board of Directors, where it approved the proposal not to adjust the conversion price of the "Yinbang Convertible Bonds" [2]. - **Future Conditions**: The company will not propose a downward adjustment of the conversion price for a period of six months, from November 20, 2025, to May 20, 2026, even if conditions for such an adjustment are met [2]. - **Post-Period Review**: After May 21, 2026, if the conditions for a downward adjustment are triggered again, the Board will reconvene to decide on the potential exercise of the downward adjustment rights for the conversion price [2].

Company Overview - Yinbang Co., Ltd. (SZ 300337) announced on November 19, 2025, that its 20th meeting of the fifth board of directors was held via telecommunication, where it reviewed the proposal regarding not adjusting the conversion price of "Yinbang Convertible Bonds" [1] Financial Performance - For the first half of 2025, Yinbang's revenue composition was as follows: 99.37% from non-ferrous metal rolling processing, 0.36% from other businesses, and 0.27% from equipment manufacturing [1] - As of the report date, Yinbang's market capitalization stood at 8.2 billion yuan [1]

| | | 2、2025 年 11 月 19 日，公司召开第五届董事会第二十一次会议，审议通 过了《关于不向下修正银邦转债转股价格的议案》，公司董事会决定本次不向 下修正"银邦转债"转股价格，同时自本次董事会审议通过次一交易日起未来 6 个月（2025 年 11 月 20 日至 2026 年 5 月 20 日）内，如再次触发"银邦转债" 转股价格向下修正条件，亦不提出向下修正方案。在此期间之后（从 2026 年 5 月 21 日重新起算），若再次触发"银邦转债"转股价格向下修正条件，届时 公司董事会将再次召开会议决定是否行使"银邦转债"的转股价格向下修正 权利。 一、可转债基本情况 1、可转债发行情况 经中国证券监督管理委员会《关于同意银邦金属复合材料股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2024〕1735 号）同意 注册，公司向不特定对象发行可转换公司债券（以下简称"可转债"）7,850,000 张，每张面值为人民币 100 元，募集资金总额为人民币 78,500.00 万元，扣除发 行费用 978.26 万元后，募集资金净额为 77,521.74 万元。公证天业会计师事务 所 ...

银邦金属复合材料股份有限公司（以下简称"公司"）第五届董事会第二 十一次会议于 2025 年 11 月 19 日以通讯方式召开。经董事会成员一致同意，本 次董事会豁免会议通知方式及时限要求，与会董事在会议召开前已知悉本次会议 所审议事项的相关信息。本次会议由公司董事长沈健生先生主持，应出席董事 9 人，实际出席董事 9 人。本次会议的召开符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定，会议决议合法、有效。 | | | 债券代码：123252 债券简称：银邦转债 银邦金属复合材料股份有限公司 第五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。 一、董事会会议召开情况 1.经与会董事签字并加盖董事会印章的董事会决议。 特此公告。 银邦金属复合材料股份有限公司董事会 2 二、董事会会议审议情况 审议通过了《关于不向下修正"银邦转债"转股价格的议案》。综合考虑公 司的基本情况、市场环境、股价走势等诸多因素，以及对公司长期稳健发展与内 在价值的信心，公司董事会决定本次不向下修正"银邦转债"转股价格，同时自 本次董事会审 ...

Group 1 - The company, Yinbang Co., reported that as of November 10, 2025, the number of shareholders is 56,299 [2]

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： 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更前次股东会决议。 3、本次股东会采用现场投票和网络投票表决相结合的方式召开。 一、会议召开和出席情况 | 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-070 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 2025 年第一次临时股东会决议公告 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 11 月 18 日（星期二）9:15-15:00。 2、会议召开地点：江苏省无锡市新区鸿山街道后宅鸿山路 99 号公司办公大 楼附楼 5 楼多功能厅。 3、会议召集人：银邦金属复合材料股份有限公司董事会 4、会议召开方式：本次股东会采用现场投票与网络投票相结合方式召开。 5、会议主持人：董事长沈健生先生 6、会议出席情况： （1）出席本次股东会现场会议的股东(或委托代理人)和参加网络投票的股 东共计251人，所持股份数358, ...