Core Viewpoint - Bafang Electric (Suzhou) Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, primarily due to weak terminal demand and increased competition in the electric bicycle industry [2][3]. Financial Performance - Revenue for the first half of 2025 was approximately 643.39 million RMB, a decrease of 5.68% compared to 682.12 million RMB in the same period last year [2][3]. - Total profit for the period was about 36.83 million RMB, down 28.29% from 51.36 million RMB year-on-year [2][3]. - Net profit attributable to shareholders was approximately 32.19 million RMB, reflecting a 36.44% decrease from 50.65 million RMB in the previous year [2][3]. - The basic earnings per share decreased by 36.36% to 0.14 RMB from 0.22 RMB [2][3]. Business Overview - The company primarily engages in the research, production, and sales of electric bicycle motors and related electrical systems, with a focus on electric bicycles [3][4]. - Bafang Electric has developed a range of products including mid-mounted and hub motors, and has capabilities to supply complete electrical systems for various types of electric bicycles [3][4]. Research and Development - In the first half of 2025, the company invested approximately 27.05 million RMB in R&D, a decrease of 36.90% compared to the previous year [2][3]. - The company filed for 4 new patents and received 17 patent grants, indicating a commitment to technological advancement [4]. Market Strategy - Bafang Electric is expanding its global footprint by establishing service networks in multiple European countries, enhancing local support and customer experience [5][6]. - The company has signed a partnership agreement with a UK service provider to manage dealer services, which is expected to boost business growth in the UK market [5][6]. Compliance and Sustainability - The company is preparing for the new EU certification standards for electric bicycle batteries, ensuring compliance and enhancing product safety [6]. - Bafang Electric's self-built testing center has achieved international recognition, which will expedite the certification process for its battery products [6]. Shareholder Returns - In the first half of 2025, the company completed a cash dividend distribution amounting to 36.75% of its net profit for the previous year, aligning with its shareholder return strategy [7][8]. - Since its listing in November 2019, Bafang Electric has distributed approximately 1.03 billion RMB in cash dividends [7][8]. Corporate Governance - The company has strengthened its governance framework to mitigate risks and ensure compliance with relevant laws and regulations [7][8]. - Bafang Electric emphasizes communication with key stakeholders to enhance oversight in critical areas such as related party transactions and insider information [8].

Core Viewpoint - Bafang Electric (Suzhou) Co., Ltd. reported a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, indicating potential challenges in the company's financial performance [1]. Financial Summary - Total assets at the end of the reporting period were approximately CNY 3.11 billion, a decrease of 1.55% from the previous year [1]. - Net assets attributable to shareholders increased slightly to approximately CNY 2.66 billion, reflecting a growth of 0.62% [1]. - Operating revenue for the period was approximately CNY 643.39 million, down 5.68% year-on-year [1]. - Total profit decreased by 28.29% to approximately CNY 36.83 million compared to the same period last year [1]. - Net profit attributable to shareholders fell by 36.44% to approximately CNY 32.19 million [1]. - The net cash flow from operating activities increased significantly by 76.87% to approximately CNY 88.77 million [1]. - The weighted average return on equity decreased by 0.63 percentage points to 1.21% [1]. - Basic and diluted earnings per share were both CNY 0.14, a decrease of 36.36% from the previous year [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,283 [1]. - Major shareholders included Wang Qinghua with a 40.53% stake and He Xianbing with a 16.36% stake [2].

Group 1 - The supervisory board of Bafang Electric (Suzhou) Co., Ltd. held a meeting on August 18, 2025, where all three supervisors attended, confirming the legality and validity of the meeting procedures [1] - The supervisory board unanimously approved the 2025 semi-annual report, stating that the report accurately reflects the company's financial status and operational results, with no violations of insider information confidentiality found during the process [1][2] - The supervisory board approved an adjustment to the expected amount of daily operational related party transactions for 2025, ensuring it aligns with the actual business needs of the wholly-owned subsidiary and does not harm the interests of the company or minority shareholders [2] - The supervisory board approved the proposal to cancel the supervisory board and amend the company's articles of association, transferring the supervisory functions to the audit committee of the board of directors to enhance corporate governance and protect investor interests [2][3]

Group 1 - The company will hold its first extraordinary general meeting of shareholders on September 15, 2025, at 14:30 [4][6] - The meeting will be conducted using a combination of on-site voting and online voting through the Shanghai Stock Exchange network voting system [4][5] - The agenda includes a proposal to cancel the supervisory board, add new business scopes, and amend the company's articles of association, which has been approved by the board of directors [2][5] Group 2 - Shareholders can vote through the Shanghai Stock Exchange network voting system from 9:15 to 15:00 on the day of the meeting [4][6] - The record date for shareholders eligible to attend the meeting is September 8, 2025 [7] - Registration for the meeting will take place from September 10, 2025, from 9:00 to 16:00 at the company's securities department [7]

Core Viewpoint - The company is holding a shareholders' meeting to discuss several key proposals, including the cancellation of the supervisory board, expansion of business scope, and amendments to the company's articles of association [3][4][6]. Group 1: Shareholders' Meeting Procedures - The shareholders' meeting will be held on September 15, 2025, at 14:30 in Suzhou, Jiangsu Province [3]. - A secretariat will be established to manage the meeting, and only registered shareholders on the record date will have voting rights [1][2]. - Voting will be conducted through a combination of on-site and online methods, with specific instructions for submitting votes [2][3]. Group 2: Key Proposals - Proposal 1: The company plans to abolish the supervisory board, transferring its responsibilities to the audit committee of the board of directors [4]. - Proposal 2: The company aims to expand its business scope to include the research, development, manufacturing, and sales of non-road leisure vehicles, smart drones, and entertainment boats [4]. - Proposal 3: Amendments to the articles of association will be made to enhance corporate governance, with a detailed comparison of changes provided [4][5]. Group 3: Governance and Management Rules - Proposal 4: The company will revise the rules governing shareholder meetings to align with current laws and regulations [6]. - Proposal 5: The board meeting rules will also be updated to reflect changes in governance practices [6]. - Proposal 6: The fundraising management system will be revised to ensure proper management and utilization of raised funds [6]. - Proposal 7: The independent director work system will be improved to enhance corporate governance and protect minority shareholders' interests [10]. - Proposal 8: The external guarantee management system will be revised to regulate external guarantees and mitigate risks [11]. - Proposal 9: The related party transaction management system will be updated to ensure compliance with legal standards and protect investor rights [12].

八方电气（苏州）股份有限公司 董事会审计委员会工作细则 二○二五年八月 | | | 八方电气（苏州）股份有限公司董事会审计委员会工作细则 第二章 人员组成 第三条 审计委员会成员由三名不在公司担任高级管理人员的董事组成，其 中包括二名独立董事，委员中至少有一名独立董事为会计专业人士。 第四条 审计委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一以上提名，并由董事会全体董事过半数选举产生。 第五条 审计委员会设召集人一名，由独立董事中会计专业人士担任，负责 主持委员会工作；召集人在委员内选举，并报请董事会批准产生。 会计专业人士指具有高级职称或注册会计师资格的会计专业人士。 八方电气（苏州）股份有限公司 董事会审计委员会工作细则 第一章 总则 第一条 为了强化八方电气（苏州）股份有限公司（以下简称"公司"）董 事会决策功能，规范董事会审计委员会的议事方式和工作程序，促使审计委员会 有效履行职责，完善公司治理结构，根据《中华人民共和国公司法》《上市公司 独立董事管理办法》《上海证券交易所股票上市规则》等有关法律、法规、规范 性文件和《八方电气（苏州）股份有限公司章程》（以下简称"《公司章程》"） ...

八方电气（苏州）股份有限公司 信息披露管理制度 二○二五年八月 | | | 八方电气（苏州）股份有限公司信息披露管理制度 八方电气（苏州）股份有限公司 信息披露管理制度 第一章 总则 第一条 为了规范八方电气（苏州）股份有限公司（以下简称"公司"）信 息披露行为，加强信息披露事务管理，确保信息披露的真实、准确、及时、完整， 切实保护公司、股东、债权人及其他利益相关者的合法权益，根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《上海 证券交易所股票上市规则》（以下简称"《上市规则》"）及《八方电气（苏州） 股份有限公司章程》（以下简称"《公司章程》"）的有关规定，结合公司实际 情况，制定本制度。 第二条 本制度所称"信息"，指所有可能对公司股票及其衍生品种交易价 格或投资者作出价值判断和投资决策产生重大影响的信息，以及证券监管部门要 求披露的信息或公司主动披露的信息。本制度所称"披露"，指公司按有关规定， 在上海证券交易所网站和符合中国证券监督管理委员会（以下简称"中国证监 会"）规定的媒体上发布信息的行为。 第三条 本制度适用于以下人员和机构： （一）公司董事和董事会； （四 ...

| | | 八方电气（苏州）股份有限公司董事会薪酬与考核委员会工作细则 八方电气（苏州）股份有限公司 八方电气（苏州）股份有限公司 董事会薪酬与考核委员会工作细则 董事会薪酬与考核委员会工作细则 二○二五年八月 第一章 总则 第五条 薪酬与考核委员会委员由董事长、二分之一以上独立董事或者全体 董事的三分之一以上提名，并由董事会全体董事过半数选举产生。 第六条 薪酬与考核委员会设召集人一名，由独立董事担任，负责主持委员 会工作；召集人在委员内选举，并报请董事会批准产生。 第七条 薪酬与考核委员会任期与董事会一致，委员任期届满，连选可以连 任。期间如有委员不再担任公司董事职务，则其自动失去委员资格，并由董事会 根据本细则第四条至第六条之规定补足委员人数。 2 八方电气（苏州）股份有限公司董事会薪酬与考核委员会工作细则 第三条 本工作细则所称董事是指在公司领取薪酬的董事，高级管理人员是 指董事会聘任的经理、副经理、财务总监和董事会秘书。 第一条 为了强化八方电气（苏州）股份有限公司（以下简称"公司"）董事 （不包括独立董事，下同）及高级管理人员的考核和薪酬管理制度，完善公司治 理结构，根据《中华人民共和国公司法》《 ...

八方电气（苏州）股份有限公司 董事会提名委员会工作细则 二○二五年八月 董事会提名委员会工作细则 | t | 11 | | --- | --- | | 1 | S | | | | 八方电气（苏州）股份有限公司董事会提名委员会工作细则 八方电气（苏州）股份有限公司 第二章 人员组成 第一章 总则 第一条 为了规范八方电气（苏州）股份有限公司（以下简称"公司"）董事 和高级管理人员的选聘工作，优化董事会组成，完善公司治理结构，根据《中华 人民共和国公司法》《八方电气（苏州）股份有限公司章程》（以下简称"《公司 章程》"）及其他有关规定，公司董事会设立提名委员会，并制定本工作细则。 第二条 提名委员会是董事会按照《公司章程》设立的专门工作机构，主要 负责对公司董事和高级管理人员的人选、选择标准和程序提出建议、进行审查等。 第三条 提名委员会成员由三名董事组成，其中包括二名独立董事。 第四条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一以上提名，并由董事会全体董事过半数选举产生。 第五条 提名委员会设召集人一名，由独立董事担任，负责主持委员会工作； 召集人在委员内选举，并报请董事会批准产生。 ...

八方电气（苏州）股份有限公司 对外担保管理制度 | | | 八方电气（苏州）股份有限公司对外担保管理制度 八方电气（苏州）股份有限公司 对外担保管理制度 第一章 总则 第一条 为了规范八方电气（苏州）股份有限公司（以下简称"公司"）的 对外担保行为，有效控制担保风险，保护股东和其他利益相关者的合法权益，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国民法 典》（以下简称"《民法典》"）等相关法律、法规、规范性文件以及《八方电气（苏 州）股份有限公司章程》（以下简称"《公司章程》"）的规定，并结合公司实际 情况，制定本管理制度。 二○二五年八月 第二条 公司对外担保的内部控制应当遵循合法、审慎、互利、安全的原则， 严格控制担保风险。 第三条 公司对外担保实行统一管理，非经公司董事会或股东会批准，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第四条 本制度所称对外担保是指公司以第三人的身份为债务人对于债权人 所负的债务提供担保，当债务人不履行债务时，由公司按照约定履行债务或承担 责任的行为。担保形式包括保证、抵押或质押等。 第五条 公司全资、控股子公司（以下统称" ...