001255SZSE

2025 Executive Compensation Report and 2026 Compensation Plan for Directors and Senior Management

Bofei Electric Co., Ltd.·

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Zhejiang Bofei Electric Co., Ltd. announced the 2025 compensation for directors and senior management totaling 5.4361 million yuan, excluding non-cash compensation. The 2026 compensation plan includes a stipend of 72,000 yuan/year for independent directors and a performance-based structure for non-independent directors and senior management. The proposal was reviewed by the board and will be submitted to the 2025 Annual General Meeting for discussion, ensuring compliance with relevant laws and regulations.

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Securities Code: 001255 Securities Abbreviation: Bofei Electric Announcement No.: 2026-035
Zhejiang Bofei Electric Co., Ltd.

2025Annual Compensation of Directors and Senior Management
2026Annual Compensation Plan for Directors and Senior Management
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records,

misleading statements, or significant omissions.
Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") held the 27th meeting of the third board of directors on April 27, 2026, to review the proposal on "Confirmation of the Company's Directors' Compensation for the Year 2025 and the Compensation Plan for the Year 2026." All directors abstained from voting, and the proposal will be directly submitted to the Company's 2025 Annual General Meeting for discussion. The proposal on "Confirmation of the Company's Senior Management Compensation for the Year 2025 and the Compensation Plan for the Year 2026" was approved. The specific details are announced as follows:

I. Compensation of Directors and Senior Management for the Year 2025
In accordance with the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and other laws and regulations, as well as the "Articles of Association," "Compensation Management System for Directors and Senior Management," and other relevant provisions, and based on the actual performance completed in 2025, the Company assessed the directors and senior management and determined that the total compensation for directors and senior management for the year 2025 amounted to 5.4361 million yuan (excluding non-cash compensation such as equity incentives and unpaid compensation from previous years). For specific details, please refer to the relevant sections disclosed in the Company's "2025 Annual Report."

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