Shenzhen Great Wall Development Technology Co., Ltd.
2025 Independent Director's Report on Performance of Duties
—Zhou Junxiang
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 fulfilled my duties, actively understood and paid attention to the company's operations, attended relevant meetings, carefully reviewed various board resolutions, and effectively safeguarded the interests of the company and all shareholders, especially minority shareholders. My performance of duties as an independent director in 2025 is reported as follows:
I. Basic Information I, Zhou Junxiang, am a Chinese citizen. I graduated from the Chinese Academy of Fiscal Sciences, Ministry of Finance, with a Master's degree in Accounting. I also hold a Master's degree in Economics and am a Certified Public Accountant and a Certified Asset Appraiser in China. Currently a partner at Beijing Dehao International Certified Public Accountants (Special General Partnership), an independent director of Super Fusion Digital Technology Co., Ltd., an independent director of Shenzhen Academy of Building Research Co., Ltd. (a domestic listed company), an independent director of Kingdee International Software Group Co., Ltd. (a Hong Kong listed company), and a member of the expert group and review committee of the Shenzhen Municipal Government Guidance Fund and the Shenzhen Municipal Government Angel Fund. He joined the workforce in 1989, engaging in independent auditing and valuation work, and has served as audit manager of a securities-qualified accounting firm, general manager of a valuation company, and head (partner) of an accounting firm. He first served as an independent director of this company in November 2022 and was re-elected as an independent director of the company's tenth board of directors in the December 2023 re-election.
II. Overview of Performance in 2025
(I) Attendance at Board Meetings, Shareholders' Meetings, and Deliberation of Proposals
- In 2025, the company held 15 board meetings (including teleconferences) and 3 shareholders' meetings, all of which I attended on time and participated attentively. As an independent director, in addition to fulfilling the general duties of a director, I utilized my professional knowledge to promptly track, deeply understand, and diligently supervise the company's daily operations. I provided constructive suggestions regarding the company's development strategy, major investments, derivatives business, financial management, risk control, internal control construction, and incentive mechanisms. During the reporting period, I paid particular attention to the company's production and operations, derivatives business, and the ongoing development of its internal control system.
During my tenure in 2025, I reviewed proposals with an objective and prudent attitude, exercising my voting rights cautiously. I reviewed a total of 52 proposals for board meetings, adhering to the principles of diligence and integrity, and fully exercised my voting rights with a prudent attitude, effectively fulfilling my duties as an independent director.
I raised no objections to the aforementioned proposals or other matters concerning the company.
(II) Performance on Board 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 put forward reasonable suggestions; and listened to and reviewed the company's equity incentive plan.