Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company held the 22nd meeting of the 3rd Board of Directors and the 17th meeting of the 3rd Supervisory Committee on November 28, 2025, where it reviewed and approved the proposal regarding the use of raised funds to replace self-funded investments in projects and issuance expenses. The Company agreed to use raised funds to replace self-funded investments of RMB 38.4471 million and issuance expenses of RMB 434,000. The relevant matters are announced as follows:
1. Basic Information on Raised Funds
According to the approval from the China Securities Regulatory Commission regarding the registration of the Company's stock issuance to specific targets (Document No. [2025] 2432), the Company issued 5,166,184 shares of ordinary shares (A shares) at a price of RMB 27.68 per share, raising a total of RMB 142,999,973.12. After deducting relevant issuance expenses, the actual net amount raised was RMB 137,558,822.86. The raised funds have been verified by Zhongxi CPA (Special General Partnership), which issued a verification report (Report No. 2025Y00097). The Company has stored the raised funds in a special account and signed a tripartite supervision agreement with the special account bank and the sponsor institution as required.
2. Investment Project Information
According to the relevant content of the "Zhejiang Bofei Electric Co., Ltd. 2025 Simplified Procedure Stock Issuance Prospectus (Registration Draft)" (hereinafter referred to as "the Prospectus") and the actual amount of raised funds, the net amount after deducting relevant issuance expenses will be used for the following project:
| Project Name | Total Investment | Amount to be Invested from Raised Funds |
|---|---|---|
| Annual Production of 70,000 Tons of Motor Insulation Materials | 26,310.24 | 13,755.88 |
| Total | 26,310.24 | 13,755.88 |
3. Self-Funded Pre-Investments and Issuance Expenses
(1) Self-Funded Pre-Investments
As of November 18, 2025, the actual investment amount made by the Company using self-funded resources for the project was RMB 38.4471 million, and the amount to be replaced by raised funds is RMB 38.4471 million, detailed as follows: