Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") held the 22nd meeting of the 3rd Board of Directors and the 17th meeting of the 3rd Supervisory Board on November 28, 2025, where it reviewed and 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 principal) of temporarily idle raised funds for cash management, provided that it does not affect the construction of investment projects and the normal use of 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 Journal, and the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Use of Part of the Idle Raised Funds for Cash Management" (Announcement No.: 2025-095).
1. Redemption of Idle Raised Funds for Cash Management
The following are the details of the cash management products redeemed: