Securities Code: 001255 Securities Abbreviation: Bofei Electric Announcement No.: 2026-004
Zhejiang Bofei Electric Co., Ltd.
Announcement on the Progress of the Company's Sale of Equity in Wholly-Owned Subsidiary
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
I. Overview of the Transaction
Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") held the 20th meeting of the third board of directors on September 29, 2025, and the second extraordinary general meeting of shareholders in 2025 on October 24, 2025, to review and approve the "Proposal on the Sale of Equity in Wholly-Owned Subsidiary." The Company intends to transfer 100% equity of its wholly-owned subsidiary Zhejiang Bofei New Energy Technology Co., Ltd. (hereinafter referred to as "Bofei New Energy") to Haining Economic Development Zone Development and Construction Co., Ltd. (hereinafter referred to as "Haining Economic Development Company"). The transaction price for this equity transfer is RMB 38.5225 million. For details, please refer to the announcement titled "Announcement on the Sale of Equity in Wholly-Owned Subsidiary" published by the Company on October 9, 2025, in the Securities Times, Shanghai Securities Journal, and on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-078).
II. Progress of the Transaction