Securities Code: 001255 Securities Abbreviation: Bofei Electric Announcement No.: 2026-032
Zhejiang Bofei Electric Co., Ltd.
Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025
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.
In accordance with the requirements of relevant laws and regulatory documents such as the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Stock Listing Rules," "Self-Regulatory Guidelines for Listed Companies No. 1 - Standard Operation of Main Board Listed Companies," and "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds," Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") hereby presents the following special report on the storage and use of raised funds for the year 2025:
I. Basic Situation of Raised Funds
(1) Actual Amount of Raised Funds and Fund Arrival Status
- Funds Raised from Initial Public Offering
According to the approval from the China Securities Regulatory Commission (CSRC) document [2022]1715 titled "Approval for Zhejiang Bofei Electric Co., Ltd.'s Initial Public Offering of Stocks," the company applied for an increase in registered capital of RMB 20,000,000.00, publicly issuing 20,000,000 shares of RMB ordinary shares with a par value of RMB 1.00 per share. After the funds were in place, the company's registered capital changed to RMB 80,000,000.00, and the share capital changed to RMB 80,000,000.00. The total amount of funds raised from this stock issuance was RMB 395,400,000.00. After deducting various issuance expenses (excluding tax) of RMB 64,051,700.00, the net amount of raised funds was RMB 331,348,300.00. Among this, RMB 20,000,000.00 was included in "Share Capital," and RMB 311,348,300.00 was included in "Capital Reserve - Share Premium."
As of September 26, 2022, the company raised a total of RMB 395,400,000.00 by publicly issuing 20,000,000 shares of RMB ordinary shares (A shares) to the public. The sponsoring institution (lead underwriter) for the company's initial public offering, Caitong Securities Co., Ltd., has transferred the remaining raised funds of RMB 362,600,000.00 to the company's special account for raised funds after deducting underwriting and sponsorship fees (excluding tax) of RMB 32,800,000.00 (the total underwriting and sponsorship fees (excluding tax) were RMB 33,800,000.00, with RMB 1,000,000.00 already paid as sponsorship fees). The funds were transferred to the following accounts: RMB 92,600,000.00 to the account 8110801012602522463 at the Jiaxing Haining Branch of China CITIC Bank; RMB 120,000,000.00 to the account 201000316396365 at the Chengbei Branch of Zhejiang Haining Rural Commercial Bank; RMB 50,000,000.00 to the account 1204085029200276329 at the Haining Branch of Industrial and Commercial Bank of China; RMB 50,000,000.00 to the account 3304040160000803871 at the Jiaxing Haining Technology Branch of Hangzhou Bank; and RMB 50,000,000.00 to the account 636860767 at the Jiaxing Haining Branch of China Minsheng Bank; totaling RMB 362,600,000.00. The arrival of these funds has been verified by Lixin Certified Public Accountants (Special General Partnership), which issued Verification Report No. [2022] ZF11162. The company has implemented a special account storage system for the raised funds. - Funds Raised from Issuing Stocks to Specific Objects via Simplified Procedures
According to the approval from the CSRC document [2025]2432 titled "Approval for Zhejiang Bofei Electric Co., Ltd. to Issue Stocks to Specific Objects," the company issued 5,166,184 shares of RMB ordinary shares (A shares) to specific objects via simplified procedures, at an issuance price of RMB 27.68 per share, raising a total of RMB 142,999,973.12. After deducting related issuance expenses, the actual net amount of raised funds was RMB 137,558,822.86. Among this, RMB 5,166,184.00 was included in "Share Capital," and RMB 132,392,638.86 was included in "Capital Reserve - Share Premium." All of the above raised funds have been fully in place, and Zhongxi Certified Public Accountants (Special General Partnership) issued the "Verification Report of Zhejiang Bofei Electric Co., Ltd." (Zhongxi Verification 2025Y00097) on November 19, 2025.
As of November 19, 2025, based on the "Verification Report of Zhejiang Bofei Electric Co., Ltd." (Zhongxi Verification 2025Y00097) issued by Zhongxi Certified Public Accountants (Special General Partnership), the company has received the raised funds of RMB 138,199,973.12 after deducting the underwriter's fee of RMB 4,500,000.00 and the sponsorship fee of RMB 300,000.00, excluding previously paid lawyer fees, audit and verification fees, issuance procedure fees, and other expenses totaling RMB 433,962.26 (excluding tax), which were transferred to the company's RMB account at the Haining Branch of Agricultural Bank of China with account number 19350101046969582 on November 18, 2025.
(2) Usage and Balance of Raised Funds for the Year 2025 - Usage of Funds Raised from Initial Public Offering
As of December 31, 2025, the usage and balance of raised funds are as follows: