Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") held the 22nd meeting of the third board of directors and the 17th meeting of the third supervisory board on November 28, 2025, where it reviewed and approved the proposal on adjusting the amount of funds to be invested in fundraising projects. The Company intends to adjust the amount of funds to be invested in fundraising projects based on the actual net fundraising amount. The relevant matters are announced as follows:
1. Basic Situation of Fundraising
According to the approval from the China Securities Regulatory Commission regarding the registration of stock issuance to specific objects (Zheng Jian Xu Ke [2025] No. 2432), the Company issued 5,166,184 shares of ordinary shares (A shares) at a price of 27.68 RMB per share through a simplified procedure, raising a total of 142,999,973.12 RMB. After deducting related issuance expenses, the actual net fundraising amount is 137,558,822.86 RMB. The above fundraising amount has been verified by Zhongxi Accounting Firm (Special General Partnership), which issued the verification report (Zhongxi Verification 2025Y00097). The Company has stored the fundraising funds in a special account and signed a tripartite supervision agreement with the special account bank and the sponsor institution as required.