001255SZSE

Report on the Issuance Process and Compliance of Subscription Targets for Zhejiang Bofei Electric Co., Ltd. by Caitong Securities Co., Ltd.

Bofei Electric Co., Ltd.·

✨ AI Summary

This report outlines the issuance process of 5,166,184 shares by Zhejiang Bofei Electric Co., Ltd. through a simplified procedure, raising a total of RMB 142,999,973.12. The issuance was approved by the China Securities Regulatory Commission and complied with relevant laws and regulations. The report confirms that all subscription targets were compliant and the issuance process was fair and transparent.

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Full Translation

AI Translation· azure_openai

Basic Information of the Issuance

Issuance Method

This issuance adopted a simplified procedure to issue shares to specific targets. The underwriting method for this issuance is through agency sales.

Type and Par Value of Issued Shares

The shares issued through the simplified procedure are domestic listed ordinary shares (A shares) with a par value of RMB 1.00 per share.

Issuance Price

The pricing benchmark date for this issuance is the first day of the issuance period, which is the trading day following the issuance invitation letter's dispatch date, specifically August 29, 2025 (T-2 day). The issuance price shall not be less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The company and the lead underwriter determined the issuance price to be RMB 27.68 per share, which is 100.40% of the minimum issuance price of RMB 27.57 per share.

Issuance Quantity

The final issuance quantity through the simplified procedure is 5,166,184 shares, which does not exceed the maximum issuance quantity approved by the company's board of directors and shareholders' meeting, nor the quantity specified in the issuance plan (5,186,797 shares), and is within 30% of the total share capital before the issuance.

Amount of Raised Funds

According to Zhongxi Certified Public Accountants (Special General Partnership), the total amount raised from this issuance is RMB 142,999,973.12. After deducting the non-taxable issuance costs of RMB 5,441,150.26, the actual net amount raised is RMB 137,558,822.86. This total does not exceed the upper limit of RMB 143 million approved by the company's board of directors and shareholders' meeting.

Subscription Targets

Based on investor subscription quotes and strictly following the procedures and rules established in the subscription invitation document, the final number of subscription targets is 11, not exceeding 35, in compliance with the resolutions of the company's board of directors and shareholders' meeting, as well as relevant laws and regulations. All subscription targets subscribed to the ordinary shares in cash and signed conditional subscription agreements with the issuer. The distribution results of this issuance are as follows:

No.Subscription Target NameShares Allocated (shares)Subscription Amount (RMB)Lock-up Period (months)
1Zhang Yimin180,6354,999,976.806
2Zhang Wenfu180,6354,999,976.806
3Lin Kejiang444,36412,299,995.526
4Feng Jianfeng198,6995,499,988.326
5Jiangxi Jintou Private Fund Management Co., Ltd. - Nanchang Ganjinxin Private Equity Investment Fund (Limited Partnership)722,54319,999,990.246
6Donghai Fund Management Co., Ltd.166,1844,599,973.126
7Shanghai Fangyu Investment Management Co., Ltd. - Fangyu Investment Tongjue No. 22 Private Securities Investment Fund289,0177,999,990.566
8Xingzheng Global Fund Management Co., Ltd.332,4009,200,832.006
9Hu'an Securities Asset Management Co., Ltd.256,4867,099,532.486
10Hangzhou Dongfang Jiafu Asset Management Co., Ltd. - Jiaxing Jiazhi Fu Xing Equity Investment Partnership (Limited Partnership)1,445,08639,999,980.486
11Nord Fund Management Co., Ltd.950,13526,299,736.806
Total5,166,184142,999,973.12-

Lock-up Period

After the completion of this issuance, the shares subscribed by the specific targets must comply with the relevant regulations of the "Regulations on the Registration of Securities Issuance by Listed Companies" and the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange. The shares subscribed by the targets cannot be transferred within six months from the date of listing of the newly issued shares. If there are other regulations regarding the lock-up period, those regulations shall apply.

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