中信建投证券股份有限公司 关于浙江银轮机械股份有限公司 不提前赎回银轮转债的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"）作为浙 江银轮机械股份有限公司（以下简称"银轮股份"或"公司"）公开发行可转换公司债 券的保荐机构，根据《可转换公司债券管理办法》 《深圳证券交易所股票上市规则》 《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》《深圳证券交 易所上市公司自律监管指引第 13 号——保荐业务》 《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》等相关规定，对银轮股份本次不提前赎回银轮转债 的事项进行了审慎核查，核查的具体情况如下： 一、可转债基本情况 经中国证券监督管理委员会"证监许可〔2021〕672 号"文核准，浙江银轮机械股 份有限公司（以下简称"公司"）于 2021 年 6 月 7 日公开发行了 700 万张可转换公司 债券，每张面值人民币 100 元，发行总额人民币 7 亿元。 经深交所"深证上〔2021〕669 号"文同意，公司 7 亿元可转换公司债券于 2021 年 7 月 9 日起在深圳证券交易所挂牌交易，债券简称" ...

Core Viewpoint - Zhejiang Yinlun Machinery Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, known as "Yinlun Convertible Bonds," for the upcoming twelve months, prioritizing investor interests and market conditions [1][4][5]. Summary by Sections Convertible Bond Basic Information - The company issued 7 million convertible bonds with a total value of 700 million RMB, each with a face value of 100 RMB, approved by the China Securities Regulatory Commission on June 7, 2021 [1][2]. - The conversion period for these bonds is from December 13, 2021, to June 6, 2027, with adjustments to the conversion price due to annual profit distributions [2]. Conditional Redemption Situation - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of unconverted bonds is less than 30 million RMB [2][3]. Decision on Early Redemption - The board of directors has resolved not to exercise the early redemption rights for the "Yinlun Convertible Bonds" from May 1, 2024, to April 30, 2025, despite the bonds triggering the conditional redemption clause [3][4]. - The decision will be reassessed if the bonds trigger the redemption clause again after May 26, 2026 [5]. Rationale for Not Redeeming Early - The decision to not redeem early is based on current market conditions and the company's actual situation, aiming to protect investor interests [4][6]. Shareholder Trading and Future Plans - There have been no transactions of the "Yinlun Convertible Bonds" by major shareholders or executives in the six months prior to the redemption condition being met, and there are no plans for reduction in holdings in the next six months [5][6]. Sponsor Institution's Verification Opinion - The sponsor institution has confirmed that the decision not to redeem the bonds early has followed necessary procedures and complies with relevant regulations, ensuring no harm to the interests of the company and its shareholders [6].

Core Viewpoint - Zhejiang Yinlun Machinery Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, "Yinlun Convertible Bonds," for the next twelve months, indicating a strategic choice to maintain liquidity and avoid immediate financial obligations [1][2]. Group 1 - The board meeting was held on May 26, 2025, with all nine directors present, confirming the legality and validity of the meeting [1]. - The resolution regarding the non-early redemption of "Yinlun Convertible Bonds" received unanimous approval from all directors, with 100% voting in favor [1]. - The company will not exercise the early redemption rights from May 27, 2025, to May 26, 2026, even if the conditional redemption clauses are triggered [1]. Group 2 - The announcement regarding the non-early redemption of the bonds was published on the same day in multiple financial news outlets, ensuring transparency and compliance with disclosure requirements [2].