Independent Directors' 2010 Annual Work Report
To the Board of Directors of Qinghai Salt Lake Industry Group Co., Ltd.:
As independent directors of Qinghai Salt Lake Industry Group Co., Ltd. (hereinafter referred to as "the Company"), we diligently fulfilled our duties in 2010 in accordance with the Company Law, the Guidelines for Establishing an Independent Director System in Listed Companies, the Articles of Association, and relevant laws and regulations. We thoroughly understood the Company's operations, faithfully performed our duties, actively attended relevant meetings in 2010, expressed independent opinions on matters before the board, and safeguarded the interests of the Company and its shareholders. We hereby report on our performance as independent directors for the year 2010 to the shareholders' meeting as follows:
I. Attendance at Board Meetings and Voting in 2010
| Independent Director Name | Number of Board Meetings Held | In-Person Attendance (Times) | Proxy Attendance (Times) | Absences |
|---|---|---|---|---|
| Li Chunyan | 4 | 4 | 0 | 0 |
| Zhang Jianqi | 4 | 4 | 0 | 0 |
| Lin Bo | 4 | 4 | 0 | 0 |
| Wang Fugui | 4 | 4 | 0 | 0 |
In 2010, we voted in favor of all proposals presented at the board meetings, with no objections or abstentions. There were no proposals to convene board meetings, appoint or dismiss accounting firms, independently hire external audit firms or consulting agencies, nor any objections raised against the board's proposals or other matters.
II. Independent Opinions Issued in 2010
In 2010, we issued independent opinions primarily regarding the Company's external guarantees, related party transactions, and the use of funds by the controlling shareholder and its related parties, as well as internal controls. The main contents are as follows: