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, to review and approve the proposal on changes to registered capital and amendments to the Articles of Association. The specific circumstances are as follows:
I. Changes to Registered Capital
According to the approval from the China Securities Regulatory Commission on the registration of the issuance of shares to specific objects (Zheng Jian Xu Ke [2025] No. 2432), the Company issued 5,166,184 ordinary shares (A shares) to 11 specific objects, which were listed and circulated on November 27, 2025. The total share capital of the Company increased from 81,284,000 shares to 86,450,184 shares, and the registered capital changed from RMB 81,284,000 to RMB 86,450,184.
II. Amendments to the Articles of Association
In accordance with the Company Law, the transitional arrangements for the implementation of the new Company Law, the Shenzhen Stock Exchange Listing Rules, and the Self-Regulatory Guidelines for Listed Companies No. 1—Standardized Operations of Main Board Listed Companies, as well as other relevant laws, regulations, and normative documents, and considering the actual situation of the Company, the Company intends to amend certain provisions of the Articles of Association. At the same time, the Company plans to adjust the structure of the supervisory board, with the audit committee of the board of directors exercising the powers of the supervisory board as stipulated in the Company Law, and relevant systems such as the Rules of Procedure for Supervisory Meetings will be abolished accordingly.