Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Special Reminder:
- The Company intends to invest its own funds jointly with its controlling shareholder, Jiaxing Bofei Holdings Co., Ltd. (hereinafter referred to as "Bofei Holdings"), in Haining Qiyuan Real Estate Co., Ltd. (hereinafter referred to as "Haining Qiyuan"). The Company and Bofei Holdings plan to invest RMB 23.3828 million and RMB 10.7928 million, respectively, for the operational activities of Haining Qiyuan.
- The estimated amount of this related party transaction does not exceed 5% of the Company's latest audited net assets, and this proposal does not need to be submitted for approval by the Company's shareholders' meeting. This related party transaction does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
I. Overview of the External Investment
- Main Content of Investment
The Company intends to invest its own funds jointly with its controlling shareholder, Bofei Holdings, in Haining Qiyuan, with the Company and Bofei Holdings planning to invest RMB 23.3828 million and RMB 10.7928 million, respectively, for the operational activities of Haining Qiyuan. - Introduction of Related Parties
On December 26, 2025, the Company's actual controller and chairman, Lu Yunfeng, was appointed as a director of Haining Qiyuan by its shareholders' meeting; on the same day, Lu Yunfeng was elected as the chairman of Haining Qiyuan by its board of directors. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," Haining Qiyuan is a related party of the Company, and the Company's investment in Haining Qiyuan constitutes a related party transaction. Bofei Holdings is the Company's controlling shareholder, and according to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," Bofei Holdings is also a related party, and the Company's joint investment with Bofei Holdings in Haining Qiyuan constitutes a related party transaction. - Board of Directors Review
The 25th meeting of the Company's third Board of Directors approved the proposal on "Joint Investment and Related Party Transactions" with a result of 7 votes in favor, 0 votes against, and 0 abstentions. Related directors Lu Yunfeng and Ling Li abstained from voting. The estimated amount of this related party transaction does not exceed 5% of the Company's latest audited net assets, and this proposal does not need to be submitted for approval by the Company's shareholders' meeting. This related party transaction does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Basic Information of Related Parties
(A) Basic Information
- Company Name: Jiaxing Bofei Holdings Co., Ltd.
- Company Type: Limited Liability Company (Natural Person Investment or Holding)
- Establishment Date: December 21, 2015
- Registered Address: Room 358, 3rd Floor, Main Office Building, 118 Longxing Road, Haining Economic Development Zone, Haining City, Zhejiang Province
- Legal Representative: Ling Li
- Registered Capital: RMB 10 million
- Unified Social Credit Code: 91330481MA28A4CC8T
- Business Scope: General projects: equity investment; investment activities with self-owned funds; information consulting services (excluding licensed information consulting services); information technology consulting services; consulting planning services; corporate image planning; marketing planning; intellectual property services (excluding patent agency services); packaging services; sales of packaging materials and products; wholesale of kitchenware and daily necessities; sales of daily necessities; wholesale of stationery; sales of specialized chemical products (excluding hazardous chemicals) (except for projects that require approval according to law, business activities are carried out independently with business licenses).
- Major Shareholders: Lu Yunfeng (51%), Ling Li (49%)