Stock Code: 001255 Stock Abbreviation: Bofei Electric Announcement No.: 2026-050
Zhejiang Bofei Electric Co., Ltd.
Indicative Announcement on the Listing and Circulation of Shares Unlocked in the First Unlocking Period of the 2025 Restricted Stock Incentive Plan (Initial Grant)
Important Content Tips:
- The unlocking conditions for the first unlocking period of the 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") for the initial grant portion have been met. There are 28 eligible participants, and 1.0456 million restricted shares can be unlocked, accounting for 1.20% of the company's current total share capital.
- The listing and circulation date for the unlocked restricted shares is June 25, 2026.
Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as the "Company") held the 28th meeting of the 3rd Board of Directors on June 15, 2026, and deliberated and approved the "Proposal on the Achievement of Unlocking Conditions for the First Unlocking Period of the 2025 Restricted Stock Incentive Plan (Initial Grant)." In accordance with the "Administrative Measures for Equity Incentives of Listed Companies," the relevant provisions of the "Incentive Plan," and the authorization of the 2024 Annual General Meeting, the Company has processed the listing and circulation procedures for the shares unlocked in the first unlocking period. The relevant matters are explained as follows:
I. Relevant Approval Procedures and Information Disclosure for this Incentive Plan
(1) On April 18, 2025, the Company held the 13th meeting of the 3rd Board of Directors and the 10th meeting of the 3rd Board of Supervisors. The Board of Directors deliberated and approved the "Proposal on the '2025 Restricted Stock Incentive Plan (Draft)' and its Summary," the "Proposal on the '2025 Restricted Stock Incentive Plan Implementation Assessment Management Measures'," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to Equity Incentives." The Board of Supervisors issued verification opinions on this equity incentive plan.
(2) From April 23, 2025, to May 6, 2025, the Company publicized the names and positions of the incentive plan participants on its internal system for no less than 10 days. On May 8, 2025, it announced the "Verification Opinions and Publicity Situation of the Board of Supervisors on the List of Participants for the 2025 Restricted Stock Incentive Plan" (Announcement No.: 2025-039).
(3) On May 19, 2025, the Company held the 2024 Annual General Meeting, which deliberated and approved the "Proposal on the '2025 Restricted Stock Incentive Plan (Draft)' and its Summary," the "Proposal on the '2025 Restricted Stock Incentive Plan Implementation Assessment Management Measures'," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to Equity Incentives." Simultaneously, based on the verification of the trading of company shares by insiders and participants, the Company disclosed the "Self-Inspection Report on the Trading of Company Shares by Insiders and Participants of the 2025 Restricted Stock Incentive Plan."
(4) On May 29, 2025, the Company held the 15th meeting of the 3rd Board of Directors and the 12th meeting of the 3rd Board of Supervisors, deliberating and approving the "Proposal on Adjusting Relevant Matters of the 2025 Restricted Stock Incentive Plan" and the "Proposal on Granting Restricted Shares to Participants of the 2025 Restricted Stock Incentive Plan for the First Time." The Board of Supervisors verified the list of participants and expressed their opinions.