Caitong Securities Co., Ltd. (hereinafter referred to as "Caitong Securities" or "the Sponsor") is the sponsor for Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "Bofei Electric" or "the Company") regarding the simplified procedure for issuing stocks to specific targets in 2025. In accordance with relevant laws, regulations, and normative documents, Caitong Securities has conducted a verification of the adjustment of the proposed investment amount for fundraising projects by Bofei Electric. The specific verification details are as follows:
1. Basic Situation of Fundraising
According to the China Securities Regulatory Commission's approval (Document No. [2025] 2432) for Zhejiang Bofei Electric Co., Ltd. to issue stocks to specific targets, 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 related issuance expenses, the actual net amount raised was RMB 137,558,822.86. The above fundraising amount has been verified by Zhongxi CPA (Special General Partnership), which issued a "Verification Report" (Report No. Zhongxi Verification 2025Y00097). The Company has stored the raised funds in a dedicated account and signed a "Tripartite Supervision Agreement on Fundraising" with the dedicated account bank and the sponsor as required.