Shenzhen Great Wall Development Technology Co., Ltd.
2025 Independent Director's Report on Performance of Duties
—Bai Junjiang
In 2025, as an independent director of Shenzhen Great Wall Development Technology Co., Ltd., I strictly adhered to the provisions of the Company Law of the People's Republic of China (hereinafter referred to as the "Company Law"), the Administrative Measures for Independent Directors of Listed Companies, the Articles of Association, the Shenzhen Stock Exchange Listing Rules, and other relevant laws, regulations, and rules. I faithfully, proactively, effectively, and independently exercised my rights as an independent director. During the reporting period, I actively attended the company's shareholders' meetings, board meetings, and meetings of the board's special committees, carefully reviewed the proposals submitted to the board, continuously understood the company's operating situation, maintained full communication with the company's management, actively participated in discussions, and offered reasonable suggestions. My performance of duties as an independent director in 2025 is reported as follows:
I. Basic Information My appointment meets the independence requirements stipulated in Article 6 of the Administrative Measures for Independent Directors of Listed Companies, and there are no circumstances affecting my independence.
I, Bai Junjiang, am a Chinese citizen and graduated from Xi'an University of Electronic Science and Technology with a major in Microwave Engineering. I also serve as a senior consultant for the AFP (Association of Financial Professionals). He previously served as Project Director at Xi'an Satellite Control Center, Operations Director at Asia Pacific Satellite Company, Customer Support Manager at ECI Telecom (China), TMT Project General Manager at Xinde Telecom International Cooperation Co., Ltd., General Manager at Chongqing Lingkang Satellite Communication Equipment Co., Ltd., Deputy General Manager at Shifu Liaoning Investment Management Co., Ltd., China Business Director at SypherMedia International, China Director at the IET (Institute of Engineering and Technology), and Asia Pacific Director at the IMA (Institute of Management Accountants). He first became an independent director of Shenzhen Technology in January 2020 and was re-elected as an independent director of the tenth board of directors of Shenzhen Technology in December 2023.
II. Overview of Performance of Duties in 2025
Independent Director Name Number of Board Meetings Attended by Proxy Number of Absent Directors Number of Shareholder Meetings Attended by Proxy Number of Meetings Attended by Proxy (including two meetings not attended in person)
Bai Junjiang 15 15 0 0 No 3
(I) Attendance at Board Meetings, Shareholder Meetings, and Deliberation of Proposals
In 2025, I attended and participated in all 15 board meetings (including teleconferences) and 3 shareholder meetings held by the company on time. During my tenure, adhering to the principles of prudence, objectivity, honesty, and trustworthiness, I carefully reviewed the meeting documents and related materials before each board meeting with a responsible attitude, carefully deliberated on each agenda item at the board meeting, exercised my voting rights prudently, and provided corresponding opinions based on my professional abilities and personal experience, effectively fulfilling my duties as an independent director. During the reporting period, the convening of the company's board meetings complied with relevant procedures, and the resolutions made were legal and valid. I voted in favor of all proposals reviewed by the Board of Directors during the reporting period; there were no instances of opposition or abstention.
(II) Work Performance on Board Special Committees
- As a member of the 10th Board of Directors' Remuneration and Assessment Committee, I attended the 2025 Remuneration and Assessment Committee meeting, carefully reviewed the remuneration of the company's directors and senior management as disclosed in the annual report; listened to the company's annual assessment plan, actively discussed matters such as the assessment of the company's management team, and offered reasonable suggestions; and listened to and reviewed the company's equity incentive plan.