Shenzhen China Bicycle (Group) Co., Ltd.
Board of Directors' Special Opinion on the Assessment of Independent Directors' Independence
Pursuant to the "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Main Board Listing Rules," and other relevant regulations, the Board of Directors of Shenzhen China Bicycle (Group) Co., Ltd. (hereinafter referred to as the "Company") has assessed the independence of its incumbent independent directors, Mr. Guo Qiujuan, Mr. Zhan Qiyong, and Mr. Yuan Qinghui, and hereby issues the following special opinion:
After reviewing the professional experience of independent directors Mr. Guo Qiujuan, Mr. Zhan Qiyong, and Mr. Yuan Qinghui, and in conjunction with the self-assessment documents signed by the three independent directors, the Company's Board of Directors believes that the three independent directors have no conflict of interest or other relationships that may hinder their independent and objective judgment with the Company and its major shareholders. There are no circumstances affecting the independence of the independent directors, which complies with the relevant requirements for the independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Main Board Listing Rules."
Board of Directors
April 17, 2026