Zhongtai Automobile Co., Ltd.
2025 Annual Report of Independent Director
Dear Shareholders and Shareholder Representatives:
I, Ma Yanhong, was appointed as an independent director of Zhongtai Automobile Co., Ltd. (hereinafter referred to as "the Company") on October 29, 2025. During my tenure from October 29, 2025, to December 31, 2025, I actively sought to understand the advantages and disadvantages of the Company’s business development, the existing problems, and the challenges faced, and I provided suggestions for the Company's future development. I diligently fulfilled my responsibilities as an independent director using my professional knowledge; I actively attended relevant meetings, carefully reviewed various proposals presented to the board of directors, expressed independent opinions on significant matters concerning the Company, and inquired about and paid attention to the Company’s operational development status. During my tenure, I was able to fully exert the independent role of an independent director, effectively safeguarding the interests of the Company and its shareholders, with particular attention to the interests of public shareholders and the Company's social responsibilities.
The following is my report on the performance of my duties as an independent director for the year 2025:
I. Basic Information of the Independent Director
(1) Personal Work Experience, Professional Background, and Concurrent Positions
Ma Yanhong, male, Han nationality, born in February 1964, Chinese nationality, without permanent residency abroad, graduated from Harbin University of Civil Engineering, with a bachelor's degree in engineering, and a member of the China Democratic League. From January 1985 to January 1987, I worked at China State Construction Engineering Corporation, where I held positions as a foreman and production planner; from February 1987 to February 1992, I worked at the newspaper of China State Construction Engineering Corporation as an editor and reporter; from March 1992 to January 1994, I worked at China Construction News as an editor in the editorial office; from February 1994 to January 2002, I worked at China Enterprise News, where I held positions as an editor in the news department, deputy director of the film and television center, director of the film and television center, and director of the local work department; from February 2002 to January 2003, I worked at Beijing Xingchuang Advertising Company as general manager; from February 2003 to February 2024, I worked at China Enterprise News as the director of the news development center and executive deputy secretary-general of the China Entrepreneur Forum; since October 2022, I have been serving as an independent director at Guangyi Technology Co., Ltd.
(2) Statement on Independence
During my tenure as an independent director of the Company, I did not hold any position other than that of independent director within the Company, nor did I hold any position in the Company’s major shareholder companies. There are no relationships with the Company or its major shareholders that would hinder my ability to make independent and objective judgments, and there are no circumstances affecting the independence of the independent director. I comply with the relevant requirements regarding the independence of independent directors as stipulated in the "Administrative Measures for Independent Directors of Listed Companies," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange—Standardized Operations of Main Board Listed Companies," and other laws, regulations, normative documents, as well as the "Articles of Association" and "Independent Director Work System."
II. Overview of Independent Director's Annual Performance (1) Attendance at Board of Directors and Shareholders' Meetings In the year 2025, I personally attended the board meetings 8 times, with no instances of proxy attendance or absence, and no occurrences of failing to attend two consecutive board meetings; I personally attended the shareholders' meeting 1 time, with no instances of proxy attendance or absence.