Independent Director's Annual Report for 2025
Dear Shareholders:
As an independent director of Yunnan Baiyao Group Co., Ltd. (hereinafter referred to as "the Company") on the 11th Board of Directors, I strictly adhered to the Company Law, Securities Law, Corporate Governance Guidelines for Listed Companies, Management Measures for Independent Directors of Listed Companies, and other relevant laws and regulations, as well as the Company's Articles of Association and Independent Director Work System. I have acted in good faith, loyalty, and diligence, fulfilling my duties as an independent director, exercising my rights and obligations independently, objectively, and cautiously, and effectively safeguarding the legitimate rights and interests of the Company and all shareholders, especially minority shareholders.
On November 10, 2025, the Company completed the re-election of the 11th Board of Directors, and I was elected as an independent director. I hereby report on my performance during the 2025 term as follows:
Attendance at Board Meetings and Shareholder Meetings
In 2025, the 11th Board of Directors held 2 meetings, and I attended all of them without any absences or consecutive non-attendance. The Company held 3 shareholder meetings, and I attended all required meetings during my term. The specific attendance is shown in the table below:
| Meeting Type | Required Attendance | Actual Attendance | Attendance by Communication | Attendance by Proxy | Absences | Consecutive Absences | Shareholder Meeting Attendance |
|---|---|---|---|---|---|---|---|
| Board Meetings | 2 | 2 | 0 | 0 | No | 0 | 1 |