Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") has received a notification letter regarding the reduction of shares from its controlling shareholder and actual controller's consistent actors, Hai Ning Yun Ge Investment Partnership (Limited Partnership) (hereinafter referred to as "Hai Ning Yun Ge") and Hai Ning Ju Cheng Investment Partnership (Limited Partnership) (hereinafter referred to as "Hai Ning Ju Cheng").
On January 6 and 7, 2026, Hai Ning Yun Ge reduced its holdings by 515,300 shares through centralized bidding, while Hai Ning Ju Cheng reduced its holdings by 214,700 shares through centralized bidding. After this change, the total shares held by the controlling shareholder, actual controller, and their consistent actors amounted to 52,970,000 shares, decreasing their proportion of the total share capital from 62.1167% to 61.2723%, thus reaching a 1% integer multiple. The specific details are announced as follows: