Bo Fei Electric: The application for issuing stocks to specific individuals with a simplified process has been approved.

Boffy Electric Announcement: The company has recently received the approval from the China Securities Regulatory Commission for the registration of issuing stocks to specific entities by Zhejiang Boffy Electric Co., Ltd. The company's application to issue stocks to specific entities has been approved. The issuance of the company this time shall be strictly implemented in accordance with the declaration documents submitted to the Shenzhen Stock Exchange and the issuance plan. The company shall complete the issuance payment within ten working days from the date of this approval. From the date of approval registration to the end of this issuance, if any major events occur, the company shall promptly report to the Shenzhen Stock Exchange and handle them in accordance with relevant regulations.