Report on the Issuance of Shares by Zhejiang Bofei Electric Co., Ltd. through Simplified Procedures to Specific Objects

Stock Code: 001255

Stock Abbreviation: Bofei Electric

Zhejiang Bofei Electric Co., Ltd. Report on the Issuance of Shares through Simplified Procedures to Specific Objects

Declaration by the Board of Directors, Supervisors, and Senior Management

All directors, supervisors, and senior management of the company declare that this report does not contain any false records, misleading statements, or significant omissions, and they bear corresponding legal responsibilities for its authenticity, accuracy, and completeness.

Signatures of all directors:

Lu Yunfeng, Ling Li, Di Ningyu, Hu Daoxiong, Miao Lifeng, Guo Ye, Fang Youtong, Shen Kaijun, Chen Shuda

Signatures of all supervisors:

Ling Bin, Zhang Yanhua, Zhang Zhihua

Signatures of other senior management:

Yin Zhengzhong, Di Ningyu, Hu Daoxiong, Zhang Ying, Cheng Zhiyuan

Zhejiang Bofei Electric Co., Ltd. Year Month Day

Table of Contents

1. Definitions

2. Basic Information on This Issuance

• Relevant Procedures for This Issuance

• Overview of This Issuance

• Information on the Issuance Objects

• Information on Related Institutions

1. Comparison of Relevant Situations Before and After the Issuance

2. Conclusion on Compliance of the Issuance Process and Objects by the Sponsor (Lead Underwriter)

3. Legal Opinions on the Issuance Process and Objects

4. Statements from Relevant Intermediaries

5. Documents for Reference

1. Basic Information on This Issuance

1.1 Relevant Procedures for This Issuance

1. Internal Decision-Making Procedures of the Issuer

• On April 23, 2024, the issuer held the fourth meeting of the third board of directors, which approved the proposal to authorize the board to handle matters related to small-scale rapid financing and submitted it for shareholder meeting review.

• On May 15, 2024, the issuer held the 2023 annual shareholder meeting, which approved the proposal to authorize the board to handle matters related to small-scale rapid financing.

• On January 22, 2025, the company held the tenth meeting of the third board of directors, which approved the proposal for the 2025 issuance of shares through simplified procedures.

• On April 25, 2025, the issuer held the fourteenth meeting of the third board of directors, which approved the proposal to extend the authorization period for the board to issue shares through simplified procedures.

• On May 19, 2025, the company held the 2024 annual shareholder meeting, which approved the proposal to extend the authorization period for the board to issue shares through simplified procedures.

• On August 8, 2025, the company held the eighteenth meeting of the third board of directors, which approved the proposal to adjust the 2025 issuance plan.

• On August 28, 2025, the company held the first extraordinary shareholder meeting of 2025, which approved the proposal regarding the dilution of immediate returns and measures to compensate for returns.