Shanxi Coal and Electricity Energy Group Co., Ltd. Independent Director 2025 Annual Report (Li Yumin)
As an independent director of the company, during the reporting period, I strictly followed the "Company Law of the People's Republic of China," the "Administrative Measures for Independent Directors of Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1—Normative Operation of Main Board Listed Companies," and the "Company Articles of Association," and the "Independent Director Work System," etc. I diligently performed my duties with diligence and responsibility, with the fundamental aim of protecting the legitimate rights and interests of all shareholders, especially small and medium shareholders. I independently, objectively, and prudently fulfilled my various responsibilities, actively participated in corporate governance, and effectively played the role of independent director in supervision, checks and balances, and professional support. The following is a comprehensive and truthful report of my performance in 2025:
I. Basic Information of the Independent Director
Mr. Li Yumin, Han ethnicity, born in 1958, a member of the Communist Party of China, holds a Master's degree in Economics, and is a professor at Shanxi University of Finance and Economics and an expert in the Shanxi Provincial Accounting Standards Implementation Working Group. He is an independent director of this company.
As an independent director of the company, after self-examination, I meet the requirements for independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1—Normative Operation of Main Board Listed Companies," and other relevant laws and regulations. There are no circumstances that affect my independence.
II. Attendance at Meetings During the Reporting Period
In 2025, the company held a total of 7 board meetings and 4 shareholder meetings. I attended all of them in person, with no entrusted attendance or absences. Among these, I attended 1 board meeting in person and voted by correspondence for 6 meetings. I attended 4 shareholder meetings in person and participated in the entire deliberation process. The convening, holding, and voting methods of all meetings strictly followed the provisions of laws and regulations and the "Company Articles of Association," and the procedures were legal and valid. I voted in favor of all proposals deliberated by the board, with no dissenting or abstention opinions, nor did I reserve any objections to any proposal. During the meetings, I carefully reviewed the meeting materials and actively inquired with management about the background, execution feasibility, and risk control points of the proposals. Based on my professional judgment, I provided constructive opinions to ensure that voting decisions were made on the basis of full information and independent prudence.
III. Participation in Board Special Committees
I have strictly performed my duties in accordance with relevant laws and regulations, the "Company Articles of Association," and the work rules of the company's board special committees. I attended meetings as required, with no entrusted attendance or absences. My participation in the work as the convener of the company's Audit Committee, a member of the Nomination Committee, and a member of the Strategy Committee is as follows:
(I) During my tenure in 2025, the company held a total of 6 Audit Committee meetings, all of which I attended in person. As the convener of the company's Audit Committee, I reviewed matters related to the company's internal audit, internal control, and periodic reports. During the preparation and disclosure of the company's periodic reports, I carefully reviewed all materials and fully exercised the professional functions and supervision role of the Audit Committee.
(II) During my tenure in 2025, the company held a total of 2 Nomination Committee meetings, all of which I attended in person. As a member of the company's Nomination Committee, I reviewed the qualifications of senior management appointments and reviewed the implementation rules for the Nomination Committee.