Bofei Electric Co., Ltd.

Caitong Securities' Review Opinion on Zhejiang Bofei Electric's 2025 Stock Issuance and Release of Trading Restrictions

Notice on Lifting Restrictions for Stock Issuance via Simplified Procedures in 2025

Legal Opinion on the 2025 Annual Shareholders' Meeting of Zhejiang Bofei Electric Co., Ltd.

Announcement of Resolutions from the 2025 Annual Shareholders' Meeting

Announcement on requesting the shareholders' meeting to authorize the board of directors to handle matters related to the issuance of shares to specific targets through simplified procedures

Caitong Securities Co., Ltd. verification opinion on the management and use of raised funds for the year 2025 by Zhejiang Bofei Electric Co., Ltd.

Announcement on Proposed Reappointment of Audit Firm for 2026

Zhejiang Bofei Electric Co., Ltd. proposes the reappointment of Lixin Certified Public Accountants as its audit firm for 2026, following a review by the Audit Committee and Board of Directors. Lixin has demonstrated professional competence and a solid reputation, having successfully completed the 2025 audit. The proposal is subject to approval at the upcoming shareholders' meeting and will take effect for one year upon approval.

2025 Executive Compensation Report and 2026 Compensation Plan for Directors and Senior Management

Zhejiang Bofei Electric Co., Ltd. announced the 2025 compensation for directors and senior management totaling 5.4361 million yuan, excluding non-cash compensation. The 2026 compensation plan includes a stipend of 72,000 yuan/year for independent directors and a performance-based structure for non-independent directors and senior management. The proposal was reviewed by the board and will be submitted to the 2025 Annual General Meeting for discussion, ensuring compliance with relevant laws and regulations.

Announcement on the resignation of non-independent directors and the election of employee directors, and the supplementary election of members of the remuneration and assessment committee of the Board of Directors

2025 Independent Director Debriefing Report - Chen Shuda

The 2025 Independent Director Debriefing Report for Zhejiang Bofei Electric Co., Ltd. outlines the performance of independent director Chen Shuda. He attended 15 board meetings and 4 shareholders' meetings, actively participating in discussions and decision-making without raising objections, except on matters related to his own interests. The report emphasizes adherence to legal guidelines and the importance of safeguarding shareholder rights, particularly for minority shareholders, while maintaining transparency and diligence in corporate governance.

2025 Annual Report of Independent Director - Fang Youtong

The 2025 Annual Report of Independent Director Fang Youtong outlines his adherence to legal regulations and active participation in company governance at Zhejiang Bofei Electric Co., Ltd. He attended all 15 board meetings and 4 shareholder meetings, abstaining only from voting on his remuneration proposal. Fang emphasized his commitment to safeguarding shareholder interests, particularly those of minority shareholders, and plans to continue enhancing decision-making processes in 2026.

2025 Independent Director's Work Report - Shen Kaijun

Announcement on holding the 2025 annual results briefing

Caitong Securities Co., Ltd.'s verification opinions on the 2025 internal control evaluation report of Zhejiang Bofei Electric Co., Ltd

2025 Internal Control Audit Report of Zhejiang Bofei Electric Co., Ltd.

The 2025 Internal Control Audit Report for Zhejiang Bofei Electric Co., Ltd. assesses the effectiveness of the company's internal control over financial reporting as of December 31, 2025. The audit, conducted by Xinhui Certified Public Accountants, concludes that Bofei Electric maintained effective internal control in all material respects. The report emphasizes the responsibilities of both the Board of Directors and the auditors, while noting inherent limitations in internal control systems.

2025 Internal Control Evaluation Report

Announcement on the provision of asset impairment provisions and credit impairment provisions in 2025

Announcement on the application of the company and its subsidiaries to the bank for a comprehensive credit line in 2026

Announcement on the company's forecast of the subsidiary's guarantee amount in 2026

Zhejiang Bofei Electric Co., Ltd. announced a forecast for the guarantee amount for its subsidiaries in 2026, proposing a total guarantee limit of RMB 60 million. This proposal, approved by the board, requires shareholder approval as it exceeds 50% of the company's latest audited net assets. The guarantees aim to support the subsidiaries' operational and financial needs, with the validity period extending until the next annual shareholders' meeting in 2026.

Notice on convening the company's 2025 annual shareholders' meeting

2025 Annual Board of Directors Work Report

The 2025 Annual Board of Directors Work Report of Zhejiang Bofei Electric Co., Ltd. outlines the Board's adherence to laws and regulations while enhancing corporate governance. The Company achieved an operating revenue of 447.2 million yuan, up 31.12%, and a net profit of 15.4 million yuan, up 16.13%. The Board held 15 meetings to discuss various proposals, including stock issuance and management compensation, and organized four shareholders' meetings to approve key financial and operational plans.

Announcement of the resolution of the 27th meeting of the third board of directors

Announcement on the company's 2025 profit distribution plan

2026 Q1 Report

Zhejiang Bofei Electric Co., Ltd. reported a 36.83% increase in operating income for Q1 2026, totaling CNY 125.95 million. However, the net profit attributable to shareholders decreased significantly by 155.48% to -CNY 1.60 million, and net cash flow from operating activities fell by 62.44%. The company attributes these declines to increased expenses and a decrease in share-based payments. Total assets rose by 5.84% compared to the previous year.

Special Report on the Management and Use of Raised Funds for 2025

Zhejiang Bofei Electric Co., Ltd. released a special report detailing the management and use of raised funds for 2025. The company raised a total of RMB 395.4 million from its initial public offering and RMB 143 million from issuing stocks to specific objects. As of December 31, 2025, all raised funds have been fully utilized, with a balance of RMB 12.18 million remaining from the latter issuance. The report confirms compliance with regulatory requirements and outlines the establishment of special accounts for fund management.

Verification report on the special report of the management and use of raised funds for the year 2025 by Zhejiang Bofei Electric Co., Ltd.

Verification report on the deduction of operating income for the year 2025 by Zhejiang Bofei Electric Co., Ltd.

2025 Annual Evaluation Report on Auditor Performance and Audit Committee Oversight

The 2025 Annual Evaluation Report by the Audit Committee of Zhejiang Bofei Electric Co., Ltd. reviews the performance of Deloitte as the accounting firm. Deloitte, with a revenue of 5 billion yuan, provided audit services for 770 listed companies and received a standard unqualified audit report for the Company's financial statements. The Audit Committee recommended renewing Deloitte's appointment for 2025, which was approved by the Board of Directors and shareholders, affirming Deloitte's professional competence and adherence to auditing standards.

The 2025 evaluation report on the performance of accounting firms and the audit committee's performance of supervisory duties

Zhejiang Bofei Electric Co., Ltd. 2025 special report on the occupation of non-operating funds and other related capital transactions

Summary of Non-Operating Fund Occupation and Related Transactions for 2025

Zhejiang Bofei Electric Co., Ltd. provided a summary of non-operating fund occupations and related transactions for 2025, detailing significant amounts such as 71,129,005.27 Yuan in total beginning balances and 261,085,256.68 Yuan in ending balances. The company disposed of its subsidiary, Zhejiang Bofei New Energy Technology Co., Ltd., leading to passive non-operating fund occupations. This summary was approved by the Board of Directors on April 27, 2026.

The board of directors made a special report on the independence self-inspection of independent directors in 2025

Zhejiang Bofei Electric Co., Ltd.'s Board of Directors released a special report on the self-inspection of independent directors for 2025. The report confirms that independent directors Mr. Fang Youtong, Mr. Shen Kaijun, and Mr. Chen Shuda meet independence criteria, having no conflicting positions or interests with the company or its major shareholders. This assessment aligns with regulatory guidelines, ensuring the directors can make objective judgments.

2025 Annual Audit Report

2025 Annual Report

Summary of Zhejiang Bofei Electric's 2025 Annual Report

Zhejiang Bofay Electric Co., Ltd. released its 2025 Annual Report, highlighting a 31.12% increase in operating revenue to approximately 447.2 million yuan and a net profit of 15.37 million yuan, up 16.13%. The company approved a cash dividend of 0.40 yuan per share. Bofay Electric is recognized as a high-tech enterprise with significant R&D capabilities, holding 93 invention patents and maintaining partnerships with major domestic firms.

Announcement on the progress of using part of the idle raised funds for cash management

Announcement on Completion of Partial Restricted Stock Repurchase and Cancellation

Zhejiang Bofei Electric Co., Ltd. has completed the repurchase and cancellation of 114,000 restricted shares, representing 0.13% of its total share capital, due to the departure of two incentive recipients. The repurchase was conducted at a price of 12.98 yuan per share, totaling 1,479,720 yuan. Following this transaction, the company's total shares will decrease from 87,122,184 to 87,008,184, with no impact on the controlling shareholder or the company's financial stability.

Announcement on Redemption of Idle Raised Funds for Cash Management

Zhejiang Bofei Electric Co., Ltd. announced the approval to use up to RMB 80 million of idle raised funds for cash management, ensuring it does not impact ongoing investment projects. As of April 2, 2026, the company redeemed cash management products, recovering RMB 10 million in principal and earning RMB 0.50 million in income. The total idle raised funds used for cash management over the past twelve months amounts to RMB 40 million, within the authorized limit.

Caitong Securities Co., Ltd. Regarding the Verification Opinion on the Expected Daily Related Transactions of Zhejiang Bofei Electric Co., Ltd. for 2026

Announcement on Estimated Amount of Daily Related Transactions for 2026

Zhejiang Bofei Electric Co., Ltd. announced its expected daily related transactions for 2026, totaling 31 million yuan, primarily involving purchases of raw materials and leasing properties from related parties. The transactions are deemed necessary for the company's operations and will not require shareholder approval. The company reported a significant discrepancy between expected and actual transactions for 2025, attributed to changes in business cooperation, but confirmed that this does not affect its independence or shareholder rights.

Announcement of the resolution of the 26th meeting of the third board of directors

Zhejiang Bofei Electric Co., Ltd. held the 26th meeting of its third board of directors on March 31, 2026, with all nine directors present. The board approved the 'Proposal on the Estimated Amount of Daily Related Party Transactions in 2026' with a vote of 7 in favor and 0 against. This decision aims to support the company's business development and operations, with management authorized to implement the proposal.

Announcement on Progress of Financial Assistance and Related Transactions Post Sale of Wholly-Owned Subsidiary

Zhejiang Bofei Electric Co., Ltd. announced the progress of financial assistance related to the sale of its wholly-owned subsidiary, Bofei New Energy. Following the sale, a total of 1.96 million yuan in passive financial assistance was recorded, with 1.9356 million yuan confirmed and fully recovered as of March 30, 2026. The board of directors ensured the accuracy of the information disclosed in this announcement.

Announcement on the use of part of idle raised funds for cash management redemption at maturity

Announcement on Progress of Cash Management Using Idle Raised Funds

Zhejiang Bofei Electric Co., Ltd. announced the approval to use up to RMB 80 million of idle raised funds for cash management, ensuring it does not impact ongoing investment projects. The funds will be invested in low-risk financial products, with a usage period of 12 months. The company aims to enhance fund utilization efficiency and generate investment returns while implementing strict risk control measures. Previous cash management activities have also been reported, maintaining compliance with board limits.

Announcement on the use of part of idle raised funds for cash management redemption at maturity

Announcement on the Completion of the Share Reduction Plan by the Concerted Parties of the Company's Controlling Shareholder and Actual Controller

Announcement on Share Reduction by Controlling Shareholder's Concerted Parties Reaching 1% Threshold

Zhejiang Bofei Electric Co., Ltd. announced a share reduction by its controlling shareholder and actual controller, Haining Yunge and Haining Jucheng, reducing their combined shareholding from 59.9999% to 58.9732%. This reduction involved a total of 491,300 shares, with the equity change occurring between January 19 and February 11, 2026. The company's total share capital increased from 86,450,184 to 87,122,184 shares due to a restricted stock incentive plan.

Announcement on the change of project partners of audit institutions

Announcement on the completion of the registration of the grant of restricted shares reserved for the reserved grant of the 2025 restricted stock incentive plan (new shares)

2025 annual performance forecast

Zhejiang Bofei Electric Co., Ltd forecasts a net profit attributable to shareholders for 2025 between 1,400,000 to 1,980,000 yuan, representing a year-over-year increase of 5.76% to 49.57%. However, the company anticipates a loss of 800,000 to 1,500,000 yuan when excluding non-recurring gains. Key factors influencing performance include market demand recovery, cost reduction measures, and the sale of subsidiaries. Investors are cautioned as these figures are unaudited and subject to change.

Announcement on the progress of using part of the idle raised funds for cash management

Announcement on Abnormal Stock Trading Fluctuations

Shanghai AllBright Law Firm's legal opinion on the first extraordinary shareholders' meeting of Zhejiang Bofei Electric Co., Ltd. in 2026

Announcement of Resolutions from the First Extraordinary Shareholders' Meeting of 2026

Zhejiang Bofei Electric Co., Ltd. held its First Extraordinary Shareholders' Meeting on January 21, 2026, with 69 shareholders representing 62.20% of voting shares. The sole proposal regarding financial assistance related to the sale of a subsidiary was approved with 98.89% in favor. No proposals were rejected, and the meeting complied with all legal requirements. Legal opinions confirmed the validity of the meeting and voting results.

Announcement on the Redemption of Cash Management Products Upon Maturity Using Part of Idle Raised Funds

Announcement of abnormal fluctuations in stock trading

Announcement of the resolution of the 25th meeting of the third board of directors

Caitong Securities' Review on Zhejiang Bofei Electric's Related Party Investment and Transactions

Caitong Securities conducted a review of Zhejiang Bofei Electric's joint investment with related parties in Haining Qiyuan Real Estate Co., Ltd. Bofei Electric will invest approximately 23.38 million yuan alongside its controlling shareholder, Bofei Holdings, which will contribute about 10.79 million yuan. The investment aims to enhance Bofei Electric's local business operations and brand image through the development of the Qiyuan Building project, with the total estimated investment reaching 246.41 million yuan.

Announcement on co-investment and related party transactions with related parties

Announcement on the Concerted Party of the Company's Controlling Shareholder and Actual Controller Reducing Company Shares and Reaching a Multiple of 5%

Zhejiang Bofei Electric Co., Ltd. Simplified Report on Changes in Equity

Announcement of abnormal fluctuations in stock trading

Announcement on the reduction of the company's shares by the controlling shareholder and the actual controller of the company to touch an integer multiple of 1%

Caitong Securities Co., Ltd.'s verification opinion on the passive formation of financial assistance and related party transactions after the sale of the equity of Zhejiang Bofei Electric Co., Ltd

Announcement on the passive formation of financial assistance and related party transactions after the company sells the equity of its wholly-owned subsidiary

Announcement on Progress of Sale of Wholly-Owned Subsidiary

Zhejiang Bofei Electric Co., Ltd. announced the progress of its sale of 100% equity in its wholly-owned subsidiary, Bofei New Energy, to Haining Economic Development Company for RMB 38.5225 million. As of January 5, 2026, Haining has paid RMB 32.7441 million, with RMB 5.7784 million remaining. The equity delivery is complete, and Bofei New Energy will no longer be included in the consolidated financial statements, positively impacting the company's net profit for 2025.

Notice of Convening the Company's First Extraordinary General Meeting of Shareholders in 2026

Announcement of the resolution of the 24th meeting of the third board of directors

Announcement of abnormal fluctuations in stock trading

Announcement on the progress of using part of the idle raised funds for cash management

Announcement of abnormal fluctuations in stock trading

Announcement on the repurchase and cancellation of some restricted shares to reduce the registered capital and notify creditors

Legal Opinion on the Granting of Restricted Shares (Reserved Portion) under Zhejiang Bofei Electric Co., Ltd.'s 2025 Restricted Stock Incentive Plan

List of Incentive Objects for the Reserved Portion Grant of Zhejiang Bofei Electric Co., Ltd.'s 2025 Restricted Stock Incentive Plan

Announcement on Granting Restricted Shares to Incentive Objects of the Company's 2025 Restricted Stock Incentive Plan (Reserved Portion)

Legal Opinion on the Third Extraordinary General Meeting of Shareholders of Zhejiang Bofei Electric Co., Ltd. in 2025

Announcement of the resolution of the third extraordinary general meeting of shareholders in 2025

Announcement of Resolutions of the 23rd Meeting of the Third Board of Directors

Caitong Securities Co., Ltd. on the verification opinion of Zhejiang Bofei Electric Co., Ltd. to adjust the amount of funds to be invested in the fundraising project

Independent director work system

Articles of Incorporation

External guarantee management system

Related party transaction decision-making system

External Investment Management System

Shareholder Meeting Online Voting Management System

Raised funds management system

Rules of Procedure for Board Meetings

Rules of Procedure for Shareholder Meetings

Rules of Procedure for the Remuneration and Assessment Committee

Rules of procedure of the Nomination Committee

Rules of procedure of the Strategy Committee

Accounting firm selection and employment system

Compensation Management System for Directors and Senior Management

The work system of the secretary of the board of directors

Investor Relations Management System

Zhejiang Bofei Electric Co., Ltd. has established an Investor Relations Management System to enhance communication with investors and improve corporate governance. The system aims to increase transparency, respect investor rights, and build a stable investor base. Key principles include compliance, equality, proactivity, and integrity in investor relations activities. The company will utilize various communication channels and hold regular briefings to address investor concerns and ensure timely information disclosure.

General Manager Work System

Rules of procedure of the Audit Committee

Information disclosure management system

Market Value Management System

Public Opinion Management System

Information disclosure suspension and exemption management system

Insider information insider registration management system

Internal audit system

Management System for Directors and Senior Management Holding and Trading Company Shares

Internal reporting and confidentiality system for material information

Prevent controlling shareholders and related parties from occupying funds management system

Accountability system for major errors in annual report information disclosure

The management system for the departure of directors and senior managers

Legal Opinion from Shanghai Jincheng (Hangzhou) Law Firm on the Repurchase and Cancellation of Restricted Shares under Zhejiang Bofei Electric Co., Ltd.'s 2025 Restricted Stock Incentive Plan

Announcement on Repurchase and Cancellation of Partial Restricted Shares from the 2025 Restricted Stock Incentive Plan

Announcement on Changes in Registered Capital and Revision of the 'Articles of Association'

Announcement on adjusting the amount of funds to be invested in fundraising projects

Special Assurance Report on the Use of Raised Funds for Replacement by Zhejiang Bofei Electric Co., Ltd.

Caitong Securities Co., Ltd.'s verification opinions on the use of raised funds by Zhejiang Bofei Electric Co., Ltd. to replace self-raised funds invested in pre-invested fundraising projects and paid issuance fees

Announcement on the company's use of raised funds to replace self-raised funds that have been invested in fundraising projects in advance and have paid issuance fees

Notice of Convening the Company's Third Extraordinary General Meeting of Shareholders in 2025

Announcement of Resolutions of the Seventeenth Meeting of the Third Board of Supervisors

Announcement of the resolution of the 22nd meeting of the third board of directors

Pre-disclosure announcement on the reduction of the company's shares by the controlling shareholder and the actual controller in concert

Caitong Securities Co., Ltd.'s verification opinions on the use of part of the idle raised funds by Zhejiang Bofei Electric Co., Ltd. for cash management

Announcement on the use of part of idle raised funds for cash management

Announcement on the signing of a tripartite supervision agreement on raised funds

Indicative Announcement on Passive Triggering of 1% and 5% Thresholds for Changes in Equity of Shareholders Holding 5% or More

Announcement on Changes in Shareholdings of Directors, Supervisors, and Senior Management

Caitong Securities Co., Ltd. on the issuance process of Zhejiang Bofei Electric Co., Ltd. to specific targets through simplified procedures and the compliance of subscription targets

Zhejiang Bofei Electric Co., Ltd. issued a report on the issuance of shares to specific targets through simplified procedures

Shanghai Grand Hyatt Law Firm's legal opinion on the company's compliance with the issuance process and subscription targets of the company's issuance of shares to specific targets through simplified procedures

Caitong Securities Co., Ltd. on the listing sponsorship letter of Zhejiang Bofei Electric Co., Ltd. to issue shares to specific targets through simplified procedures in 2025

Zhejiang Bofei Electric Co., Ltd. issued shares to specific targets through simplified procedures in 2025 and listed on the main board

Zhejiang Bofay Electric Co., Ltd. 2025 Stock Issuance Prospectus

Zhejiang Bofay Electric Co., Ltd. has issued a fundraising prospectus for a simplified stock issuance procedure, aiming to raise 143 million yuan. The funds will be allocated to a project for the annual production of 70,000 tons of motor insulation materials. The issuance has been approved by the China Securities Regulatory Commission and involves issuing 5,166,184 shares at a price of 27.68 yuan per share. Investors are reminded of associated risks and the lock-up period for shares post-issuance.

Announcement on the application for the issuance of shares to specific targets through simplified procedures and obtaining the approval of registration by the China Securities Regulatory Commission

Announcement of abnormal fluctuations in stock trading

Announcement on the provision for asset impairment and credit impairment in the third quarter of 2025

Resolution Announcement of the Sixteenth Meeting of the Third Supervisory Board

Resolution of the Twenty-First Meeting of the Third Board of Directors

2025 Q3 Report

Zhejiang Bofei Electric Co., Ltd. reported a 22.38% increase in operating income for Q3 2025, totaling RMB 136.14 million, driven by growth in the wind power and rail transit sectors. However, net profit attributable to shareholders fell significantly, with a loss of RMB 1.38 million, a 111.99% decrease year-over-year. The company also experienced a 126.82% decline in net cash flow from operating activities, attributed to increased personnel and procurement costs. The board confirmed the report's accuracy and completeness.

Legal Opinion on Zhejiang Bofei Electric Co., Ltd. Second Extraordinary Shareholders' Meeting 2025

Shanghai Jintiancheng Law Firm issued a legal opinion confirming the validity of the Second Extraordinary General Meeting of Shareholders of Zhejiang Bofei Electric Co., Ltd. held on October 24, 2025. The meeting was convened by the Board of Directors and attended by 58 shareholders representing 66.1681% of voting rights. A key proposal regarding the sale of a wholly-owned subsidiary was approved with 99.9684% support. The legal opinion asserts compliance with relevant laws and regulations.

Announcement of the resolution of the second extraordinary general meeting of shareholders in 2025

Shanghai Grand Hyatt Law Firm's legal opinion on the issuance of shares by Zhejiang Bofei Electric Co., Ltd. to specific targets through simplified procedures

Zhejiang Bofei Electric Co., Ltd. Annual Financial Report and Audit Report

Zhejiang Bofei Electric Co., Ltd. has released its Annual Financial Report for 2024, detailing its operations in the manufacturing of electrical insulation materials. As of December 31, 2024, the company has issued 80 million shares with a registered capital of 80 million Yuan. The report, approved by the Board of Directors on September 9, 2025, confirms compliance with Enterprise Accounting Standards and reflects the company's financial position and performance for the year.

Caitong Securities Co., Ltd. on the listing sponsorship letter of Zhejiang Bofei Electric Co., Ltd. to issue shares to specific targets through simplified procedures in 2025

Caitong Securities' Sponsorship Letter for Zhejiang Bofay Electric's 2025 Stock Issuance

Caitong Securities Co., Ltd. has been appointed as the sponsoring institution for Zhejiang Bofei Electric Co., Ltd.'s stock issuance in 2025, utilizing a simplified procedure for specific objects. The company has a registered capital of 81.28 million yuan and a share capital structure comprising 62.73 million shares with limited sale conditions. The top shareholder is Jiaxing Bofay Holdings Co., Ltd., holding 34.20% of shares. The issuance aims to comply with relevant Chinese laws and regulations.

Announcement on the application for the issuance of shares to specific targets through simplified procedures and accepted by the Shenzhen Stock Exchange

Zhejiang Bofei Electric Co., Ltd. 2025 Prospectus for Issuing Shares to Specific Targets through Simplified Procedures (Declaration Draft)

Asset Appraisal Report of the Asset Appraisal Project of Zhejiang Bofei New Energy Technology Co., Ltd.'s All Shareholders' Equity Value Appraisal Project Involved in the Proposed Equity Acquisition of Haining Economic Development Industrial Park Development and Construction Co., Ltd. Zhejiang Zheng Ping Zi (2025) No. 370

Special Audit Report No. 408 of 2025

The Special Audit Report No. 408 of 2025 evaluates the financial statements of Zhejiang Bofei New Energy Technology Co., Ltd. as of June 30, 2025. The audit concluded that the financial statements fairly present the company's financial position in accordance with accounting standards. Total assets amounted to RMB 281.70 million, while total liabilities were RMB 262.76 million, resulting in equity of RMB 18.95 million. The report emphasizes the management's responsibility for financial reporting and internal controls.

Notice of the Company's Second Extraordinary General Meeting of Shareholders in 2025

Zhejiang Bofei Electric Co., Ltd. has announced the Second Extraordinary General Meeting of Shareholders to be held on October 24, 2025. The meeting will include on-site and online voting options for shareholders, with registration required by October 21, 2025. Key proposals include the sale of equity of a wholly-owned subsidiary, which has already been approved by the board of directors. Shareholders registered by October 17, 2025, are eligible to attend and vote.

Announcement on the company's sale of the equity of its wholly-owned subsidiary

Resolution Announcement of the Twentieth Meeting of the Third Board of Directors

Indicative announcement on the listing and circulation of issued shares before the initial public offering

Caitong Securities Co., Ltd.'s verification opinions on the listing and circulation of issued shares of Zhejiang Bofei Electric Co., Ltd. before the initial public offering

Announcement on Revised Plan for Simplified Stock Issuance to Specific Parties in 2025

Zhejiang Bofei Electric Co., Ltd. announced a revised plan for issuing stocks to specific parties through simplified procedures in 2025, approved by the board on September 9, 2025. The revisions include updates on issuance objects, pricing, and the total funds to be raised. This plan does not require further shareholder approval due to prior authorization. Investors are cautioned about potential risks associated with this issuance.

Indicative announcement on the disclosure of the 2025 plan for issuing shares to specific targets through simplified procedures (second revised draft).

The written review opinion of the board of supervisors on matters related to the company's issuance of shares to specific targets through simplified procedures in 2025

The board of supervisors of Zhejiang Bofei Electric Co., Ltd. has reviewed and approved the company's plan to issue shares to specific targets through simplified procedures in 2025. They confirmed compliance with relevant laws and regulations, ensuring no harm to the interests of minority shareholders. The issuance aligns with national industrial policy and the company's strategic direction, enhancing operational capabilities. The plan awaits further review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission.