Independent Director's Annual Work Report for 2025 (Chen Jin)
Dear shareholders and shareholder representatives:
In accordance with the requirements of the Company Law, Articles of Association, and other relevant laws and regulations, I, as an independent director of Wanxiang Qianchao, report on my work for the year 2025. As an independent director of Wanxiang Qianchao Co., Ltd. (hereinafter referred to as "the Company"), I have strictly adhered to the provisions of the Company Law, Securities Law, Measures for the Administration of Independent Directors of Listed Companies, and the Articles of Association, faithfully fulfilling my duties as an independent director. With a sense of responsibility towards all shareholders, I have diligently and impartially participated in corporate governance, attended board meetings and shareholder meetings, and effectively exercised the functions of an independent director. For all significant matters requiring board decisions, I have carefully reviewed the materials provided by the company and issued relevant prior approval documents and independent opinions. I have consistently proposed constructive suggestions on major issues concerning the company's development, further promoting the healthy, sustainable, and stable growth of the company. The following is my report on the performance of duties for 2025:
I. Basic Information of the Independent Director
Chen Jin, male, born in January 1968, a member of the Communist Party, holds a doctoral degree, and serves as an independent director of the company. He is currently a professor and doctoral supervisor at the School of Economics and Management, Tsinghua University, and an independent director of companies such as Chuanhua Zhili Co., Ltd. He has previously held positions such as Executive Vice Dean of the Zhuhai Kezhen College at Zhejiang University, Vice Dean of the School of Public Administration at Zhejiang University, Executive Vice Dean of the Undergraduate College at Zhejiang University, Director of the Center for Science and Education Development Strategy Research at Zhejiang University, and independent director of Shunfa Hengye.
II. Attendance at Company Meetings in 2025
- Specific Attendance at Board and Shareholder Meetings | Meeting Type | Total Meetings | In-Person Attendance | Attendance by Communication | Proxy Attendance | Absences | Consecutive Absences | |--------------|----------------|----------------------|-----------------------------|------------------|----------|---------------------| | Board Meetings | 6 | 6 | 0 | 0 | 0 | No | | Shareholder Meetings | 4 | 4 | 0 | 0 | 0 | No |
During the reporting period, the convening and holding of the board and shareholder meetings complied with legal procedures. I voted in favor of all proposals reviewed at each board meeting and raised no objections.
- Attendance at Board Committees During the reporting period, the Nomination and Compensation Committee of the board held 4 meetings, which I attended in person, fulfilling my responsibilities. We reviewed matters related to the implementation of the 2024 stock option incentive plan, the 2025 compensation scheme, and the appointment of the deputy general manager, among others. I provided opinions and suggestions based on my professional knowledge and experience, significantly enhancing the scientific and objective nature of board decisions and further improving the company's corporate governance structure.