ZTE Corporation
2025 Annual Report of Independent Non-Executive Director (Xu Qipeng)
As an Independent Non-Executive Director (hereinafter referred to as "Independent Director") of ZTE Corporation (hereinafter referred to as "ZTE" or the "Company"), I, Xu Qipeng, in accordance with the "Company Law of the People's Republic of China," the "Administrative Measures for Independent Directors of Listed Companies," and the "Articles of Association of ZTE Corporation" (hereinafter referred to as the "Articles of Association"), have diligently performed my duties, acted with diligence and responsibility, faithfully fulfilled my responsibilities as an Independent Director, effectively exercised the functions of an Independent Director, and protected the interests of the Company and all shareholders.
The report on my fulfillment of Independent Director duties in 2025 is as follows:
I. Basic Information
(I) Work Experience, Professional Background, and Concurrent Positions
I possess professional qualifications and extensive experience in the legal field, leveraging my professional and experiential advantages in fulfilling my duties.
My personal resume is as follows:
Mr. Xu Qipeng obtained a Bachelor of Laws degree from the University of Hong Kong in 1990 and a Master of Laws degree in 1997, and is a registered lawyer in Hong Kong. He has been practicing law in Hong Kong for over 30 years. From 1993 to 2018, he was employed at Ho, Wong & Ip, Solicitors. Since 2018, he has been employed at Siao, Ip & Partners, where he is currently a partner. He currently serves as an Independent Non-Executive Director of CIMC Enric Holdings Limited (a company listed on the Hong Kong Stock Exchange). He also serves as an arbitrator for the South China International Economic and Trade Arbitration Commission (Shenzhen International Arbitration Court), Hainan International Arbitration Court, and Huizhou Arbitration Commission. He is an honorary legal advisor to the Real Estate Developers Association of Hong Kong and the Hong Kong Association of Testing and Certification, and the Vice Chairman of the China Certified Public Notaries Association. He has served as an Independent Director of the Company since June 2024.
(II) Independence
I possess the independence required by the "Administrative Measures for Independent Directors of Listed Companies" and the "Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited." I have conducted an independence self-assessment in accordance with regulatory requirements and found no circumstances that affect my independence. As an Independent Director of the Company, I do not hold any positions in the Company other than serving as a member of the professional committees of the Board of Directors. I have no relationship with the Company or its controlling shareholder that could hinder my independent and objective judgment, and I can independently perform my duties without being influenced by the Company's controlling shareholder or any other entity or individual with a vested interest in the Company.
II. Fulfillment of Duties
In 2025, I diligently performed my core duties of loyalty and diligence as an Independent Director, actively participating in the Company's Board of Directors meetings, Board professional committee meetings, Independent Director meetings, and general meetings. For matters requiring deliberation and decision by the Board of Directors and professional committees, the Company provided timely and comprehensive notifications and relevant proposal materials. Before the meetings, I thoroughly studied and analyzed the proposal materials, actively communicated with the Company to clarify key issues. During the meetings, I listened carefully to all reports and offered practical and feasible suggestions based on my professional expertise. In my daily duties, I maintained close contact with the Company through on-site research, phone calls, and emails to ensure efficient information transmission and smooth communication channels.