Guangdong Zhongqi New Materials Co., Ltd.
Independent Director's Annual Report for 2025 (Wu Ying)
Dear Shareholders and Shareholder Representatives:
As an independent director of Guangdong Zhongqi New Materials Co., Ltd. (hereinafter referred to as "the Company") and a member of the fourth board of directors, I have strictly adhered to the relevant laws and regulations, including the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Self-Regulatory Guidelines for Listed Companies No. 1 - Standard Operations for Main Board Listed Companies issued by the Shenzhen Stock Exchange, as well as the Company's Articles of Association and the Independent Director Work System. I have diligently fulfilled the obligations and responsibilities of an independent director, actively attended relevant meetings during my term in 2025, carefully reviewed various proposals from the board of directors, and fully leveraged the role of independent directors and various professional committees. Additionally, I have provided opinions and suggestions based on my professional expertise to support the Company's standardized operations, auditing, talent selection, and other tasks. Below is my report on the performance of my duties as an independent director during the 2025 term:
I. Basic Information and Independence Self-Assessment of the Independent Director
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Basic Information
I, Wu Ying, born in November 1983, hold Chinese nationality and do not possess foreign permanent residency. I have a master's degree and am a certified public accountant and an internationally certified internal auditor. From September 2006 to July 2015, I served as an audit manager at Ernst & Young, group financial manager at Zhixiang Information Technology Co., Ltd., and internal audit manager for the Asia-Pacific region at Kohler (China) Investment Co., Ltd. Since August 2015, I have been the financial director of Festo (China) Co., Ltd. Since July 2025, I have served as an independent director of the Company. -
Independence Statement
As an independent director of the Company, my appointment meets the independence requirements stipulated in Article 6 of the Administrative Measures for Independent Directors of Listed Companies. I do not hold any position in the Company other than that of an independent director, nor do I hold any position in the Company's major shareholder entities. 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.
II. Annual Performance of Independent Director Duties
- Attendance at Board and Shareholder Meetings
I was elected as an independent director of the fourth board of directors at the Company's first extraordinary general meeting on July 7, 2025. Since becoming an independent director, the Company has held a total of 6 board meetings; no shareholder meetings have been convened. I was required to attend 6 board meetings and attended all 6 meetings in person, with no instances of failing to attend two consecutive meetings. There were also no instances of delegation or absence. I actively participated in the Company's board meetings, carefully reviewed meeting materials, listened to the management team's presentations and reports on major decision-making matters, and proactively understood the Company's operational situation. I diligently reviewed all proposals submitted to the board of directors, exercising my voting rights with caution. I believe that the aforementioned board meetings were convened in accordance with legal procedures, and the relevant approval processes were legitimate and effective. Therefore, I voted in favor of all proposals and there were no instances of opposition or abstention.