Zhongtai Automobile Co., Ltd.
2025 Independent Director Work Report
Dear Shareholders and Shareholder Representatives:
I, Zeng Xiaoxia, served as an independent director of Zhongtai Automobile Co., Ltd. (hereinafter referred to as "the Company") from December 2023 to October 29, 2025. During my tenure from January 1, 2025, to October 29, 2025, I actively understood the Company's business development history, current status, issues, and prospects, diligently fulfilled my responsibilities, and effectively performed my duties; I actively attended relevant meetings, carefully reviewed various proposals from the board of directors, expressed independent opinions on significant matters related to 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.
Herein, I report on my performance as an independent director during the 2025 fiscal year as follows:
I. Basic Information of the Independent Director
(1) Personal Work Experience, Professional Background, and Concurrent Positions
Zeng Xiaoxia, female, born in December 1980, holds a bachelor's degree from Zhejiang Gongshang University, is a certified public accountant, and has served as an audit manager at various firms including Zhongrui Yuehua Certified Public Accountants (Special General Partnership) Shenzhen Branch, Grant Thornton (Special General Partnership) Shenzhen Branch, and Asia-Pacific (Group) Certified Public Accountants (Special General Partnership) Shenzhen Branch. Currently, I am the executive partner at Shenzhen Qiheng Certified Public Accountants (General Partnership).
(2) Statement on Independence
During my tenure as an independent director of the Company, I did not hold any position other than independent director within the Company, nor did I hold any position in the Company's major shareholder companies. There are no relationships between me and 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 and Shareholder Meetings
During my tenure in 2025, I personally attended the board meetings 12 times, with no instances of proxy attendance or absence, and no occurrences of failing to attend two consecutive board meetings. I personally attended the shareholder meetings 2 times, with no instances of proxy attendance or absence.
| Independent Director Name | Board Meeting Times (Times) | Personal Attendance (Times) | Proxy Attendance (Times) | Absence (Times) | Shareholder Meeting Times | On-Site Work Days |
|---|---|---|---|---|---|---|
| Zeng Xiaoxia | 12 | 12 | 0 | 0 | 2 | 14 |
My performance in the Company's 8th Board of Directors during 2025 is as follows:
(1) Based on the Company's articles of association and relevant systems, I determined that the convening of the board and shareholder meetings during my tenure in 2025 complied with legal procedures; significant operational decision-making matters were properly processed, legal and compliant, feasible and effective.
(2) I maintained a prudent and rigorous attitude, carefully reviewing the proposals submitted to the board during my tenure in 2025 by examining relevant documents and conducting inquiries. I independently judged that the matters under review did not harm the interests of all shareholders, especially minority shareholders, and met the Company's future development needs. Therefore, I voted in favor, with no instances of opposition or abstention.