Securities Abbreviation: Bofay Electric Securities Code: 001255
Zhejiang Bofay Electric Co., Ltd.
(Zhejiang Province, Haining City, Haining Economic Development Zone, Hangping Road No. 16)
2025 Annual Simplified Procedure for Issuing Stocks to Specific Objects
Fundraising Prospectus
(Registration Draft)
Sponsor (Lead Underwriter)
(Zhejiang Province, Hangzhou City, Xihu District, Tianmushan Road No. 198, Caitong Shuangguan Building, West Tower)
November 2025
Zhejiang Bofay Electric Co., Ltd. Fundraising Prospectus
Statement
- The company and all members of the board of directors guarantee that the contents of this fundraising prospectus are true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibility for any false records, misleading statements, or significant omissions in the prospectus.
- This fundraising prospectus is prepared in accordance with the "Administrative Measures for the Registration of Securities Issuance by Listed Companies," "Guidelines No. 61 for the Disclosure of Information by Companies Issuing Securities to the Public—Prospectus and Issuance Report for Issuing Securities to Specific Objects," and other requirements.
- After the completion of this simplified procedure for issuing stocks to specific objects, the changes in the company's operations and earnings will be the company's responsibility; the investment risks arising from this simplified procedure for issuing stocks to specific objects will be borne by the investors.
- This fundraising prospectus is the board of directors' explanation for this simplified procedure for issuing stocks to specific objects, and any contrary statements are false representations.
- Investors with any questions should consult their stock brokers, lawyers, professional accountants, or other professional advisors.
- The matters described in this fundraising prospectus do not represent the substantive judgment, confirmation, approval, or registration consent of the approval authority regarding the matters related to the simplified procedure for issuing stocks to specific objects.
Zhejiang Bofay Electric Co., Ltd. Fundraising Prospectus
Major Matter Reminder
The company particularly reminds investors to pay attention to the following major matters or risk factors and to read the relevant sections of this fundraising prospectus carefully. The terms or abbreviations described in this section have the same meaning as those described in the "Definitions" section of this fundraising prospectus.
- The matters related to this simplified procedure for issuing stocks to specific objects have been authorized by the company's 2023 annual shareholders' meeting and 2024 annual shareholders' meeting for the board of directors to implement; the issuance plan and related matters have been reviewed and approved by the 10th, 18th, and 19th meetings of the company's third board of directors.
The Shenzhen Stock Exchange's issuance and listing review agency has reviewed the company's application documents for this simplified procedure for issuing stocks to specific objects and submitted the registration to the China Securities Regulatory Commission on October 21, 2025. On November 7, 2025, the company received the "Approval on Agreeing to Register the Issuance of Stocks to Specific Objects by Zhejiang Bofay Electric Co., Ltd." (CSRC Permit [2025] No. 2432) from the China Securities Regulatory Commission. The company will apply to the Shenzhen Stock Exchange and the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited for handling the stock issuance, registration, and listing matters, completing all reporting approval procedures for this issuance. - The issuance targets are Hangzhou Dongfang Jiafu Asset Management Co., Ltd. - Jiaxing Jiazhi Fuxing Equity Investment Partnership (Limited Partnership), Nord Fund Management Co., Ltd., Jiangxi Jintou Private Fund Management Co., Ltd. - Nanchang Ganjinxin Private Equity Investment Fund (Limited Partnership), Linke Jiang, Xingzheng Global Fund Management Co., Ltd., Shanghai Fangyu Investment Management Co., Ltd. - Fangyu Investment Tongjue No. 22 Private Securities Investment Fund, Huaan Securities Asset Management Co., Ltd., Feng Jianfeng, Zhang Yimin, Zhang Wenfu, Donghai Fund Management Co., Ltd. All issuance targets will subscribe for the company's stocks in this issuance in cash in RMB at the same price.
- According to the bidding results of this issuance, the total amount of funds to be raised is 143 million yuan, and the net amount of funds raised after deducting relevant issuance costs will be fully used for the following projects:
Unit: Ten Thousand Yuan