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, where it approved the proposal on the use of part of the idle raised funds for cash management. The Company agreed to use a total amount not exceeding RMB 80 million (including the principal) of temporarily idle raised funds for cash management, provided that it does not affect the construction of investment projects funded by the raised funds and the normal use of the raised funds. The usage period is valid for 12 months from the date of approval by the board of directors, and the Company may roll over the use within the above limit and period. For specific details, please refer to the announcement disclosed in the Securities Times, Shanghai Securities News, and the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Use of Part of Idle Raised Funds for Cash Management" (Announcement No. 2025-095).
I. Main Details of the Use of Idle Raised Funds to Purchase Financial Products
| No. | Trustee | Product Name | Product Type | Purchase Amount (10,000 RMB) | Start Date | Maturity Date | Source of Funds | Expected Annual Yield | Redemption Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Agricultural Bank of China Co., Ltd. Haining Branch | "Huilifeng" 2026 No. 5113 Corporate Customized RMB Structured Deposit Product | Principal-protected Floating Income | 1,000 | January 23, 2026 | February 25, 2026 | Raised Funds | 0.36%/year to 1.16%/year | No |
Note: The Company has no related party relationship with the banks listed in the table above.