Zhuhai Gree Electric Appliances Inc. Independent Director 2025 Annual Performance Report
I, Zhang Qiushheng, as an independent director of Zhuhai Gree Electric Appliances Inc. (hereinafter referred to as the "Company"), have, during the year 2025, diligently performed my duties in strict accordance with the Company Law, the Shenzhen Stock Exchange Main Board Listing Company Normative Operation Guide No. 1, the Measures for the Administration of Independent Directors of Listed Companies, and the Company's Articles of Association and the Company's Independent Director Work System. I have actively attended relevant meetings, diligently reviewed all proposals submitted to the board of directors, provided explanations and opinions on significant matters of the Company, and protected the legitimate rights and interests of the Company and its shareholders.
The report on my performance in 2025 is as follows:
I. Basic Information of Independent Directors
(I) Work Experience, Professional Background, and Concurrent Positions
I, Zhang Qiushheng, hold a doctoral degree and am a non-practicing member of the Chinese Institute of Certified Public Accountants. I am currently a professor at the School of Economics and Management, Beijing Jiaotong University, Dean of the China Institute of Transportation Development, and Director of the China Center for Corporate Mergers and Acquisitions. I serve as an independent director for Zhuhai Gree Electric Appliances Inc., CMI Development Co., Ltd., and Luoniushan Co., Ltd. I have undertaken national natural science foundation, national social science foundation, and national soft science projects, as well as projects funded by the Ministry of Education, the Ministry of Finance, the State-owned Assets Supervision and Administration Commission, and the China Securities Regulatory Commission. I have published over 30 books, including "Mergers and Acquisitions: A Basic Theoretical Framework" (translated), and more than 100 academic and professional papers. I have received one second prize for national teaching achievements, four provincial and ministerial level scientific research achievement awards, and two first prizes for Beijing teaching achievements.
I meet the qualification requirements for independent directors of listed companies as stipulated by relevant laws, regulations, and regulatory rules, and have been filed and reviewed by the Shenzhen Stock Exchange.
(II) Circumstances That Do Not Affect Independence
I do not hold any positions in the Company other than director. I have no direct or indirect interest relationship with the Company or its principal shareholders, nor any other relationship that may affect my independent and objective judgment. I perform my duties independently and am not influenced by the Company, its principal shareholders, or any other entity or individual.
In 2025, I conducted a self-assessment of my independence and confirmed that I meet all regulatory requirements for serving as an independent director of the Company. I submitted the self-assessment results to the board of directors. The board of directors evaluated my independence and found no circumstances that could affect my independent and objective judgment as an independent director, confirming my continued compliance with the independence requirements for independent directors.
II. Overview of Performance in 2025
In 2025, I diligently and conscientiously performed my duties by attending shareholder meetings, board meetings, and special committee meetings, independent director meetings, and by obtaining information on the Company's operations and listening to reports from management.
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company held 6 board meetings, which reviewed and approved 31 proposals, through a combination of on-site and written voting. The Company's board of directors convened 3 shareholder meetings, which reviewed and approved 18 proposals.
In 2025, I personally attended the Company's board and shareholder meetings, faithfully performing my duties as an independent director. The convening and holding of board and shareholder meetings complied with legal procedures, and major operational decisions underwent relevant procedures, ensuring their legality and effectiveness.