2025 Annual Work Report of Independent Director Liu Guoen
Dear Shareholders:
As an independent director of Yunnan Baiyao Group Co., Ltd. (hereinafter referred to as "the Company"), I strictly adhered to the Company Law, Securities Law, Corporate Governance Guidelines for Listed Companies, Management Measures for Independent Directors of Listed Companies, and relevant regulations during 2025. I upheld the principles of integrity, loyalty, and diligence, complied with the norms of independent director duties, and exercised my rights and obligations independently and objectively, effectively safeguarding the legitimate rights and interests of the Company and all shareholders, especially minority shareholders. The following is my report on the performance for the year 2025:
1. Attendance at Board Meetings and Shareholder Meetings
In 2025, the Company's 10th Board of Directors held 7 meetings, and the 11th Board held 2 meetings. I attended all 9 board meetings without any absences or consecutive non-attendance. The Company convened 3 shareholder meetings, and I attended all 3. The specific attendance is shown in the table below:
| Meeting Type | Required Attendance | Actual Attendance | Attendance by Communication | Attendance by Proxy | Absences | Consecutive Absences | Attendance at Shareholder Meetings |
|---|---|---|---|---|---|---|---|
| Board Meetings | 9 | 3 | 6 | 0 | 0 | No | 3 |
I believe that the convening and content of all board and shareholder meetings during the reporting period complied with legal regulations, normative documents, and the Company’s articles of association. Before each meeting, I received and thoroughly understood the relevant materials in advance, actively participated in discussions, and made reasonable suggestions. After the meetings, I continued to monitor the implementation of resolutions and exercised my independent director powers in significant decision-making matters.
During the reporting period, I voted in favor of all proposals presented at the board meetings, with no opposing or abstaining votes.
2. Attendance at Special Committees and Independent Director Meetings
(1) Attendance at the 10th Board Special Committees
| Committee | Required Attendance | Actual Attendance |
|---|---|---|
| Strategic Committee | 4 | 4 |