2025 Annual Report of Independent Director (Zhang Hongfa)
As the independent director of Suhao Hongye Futures Co., Ltd. (hereinafter referred to as "the Company") during the fifth board term, I, Zhang Hongfa, have diligently fulfilled my duties in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operation of Main Board Listed Companies, the Management Measures for Independent Directors of Listed Companies, and the Company’s Articles of Association and Independent Director Work System. During my tenure in 2025, I actively participated in relevant meetings, carefully reviewed board proposals, and effectively upheld the independent role of the independent director, safeguarding the interests of the Company and its shareholders. Below is my report on the performance of my duties as an independent director during 2025:
1. Basic Information of the Independent Director
I, Zhang Hongfa, hold a bachelor's degree in economics and have been awarded the senior accountant qualification by the Jiangsu Provincial Department of Human Resources and Social Security, as well as the certified public accountant qualification by the Chinese Institute of Certified Public Accountants. I have previously worked at Jiangsu Radio and Television University (now Jiangsu Open University), Jiangsu Accounting Firm, and the Jiangsu Provincial Institute of Certified Public Accountants. From August 2014 to November 2025, I served as the Deputy Secretary-General, Secretary-General, and Vice President of the Jiangsu Asset Appraisal Association. I am currently an independent director of Jiangsu Guoxin Co., Ltd. and Suzhou Kaiweite Semiconductor Co., Ltd. I served as an independent non-executive director of the Company from July 8, 2013, to November 15, 2019, and resumed this role on July 21, 2024. During the reporting period, my position met the independence requirements stipulated in Article 6 of the Management Measures for Independent Directors of Listed Companies, and there were no circumstances affecting my independence.
2. Overview of Independent Director's Annual Performance
(1) Attendance at Board and Shareholder Meetings
In 2025, I diligently performed my duties, attending the Company's board and shareholder meetings, thoroughly reading and reviewing all proposals presented at the meetings. The specific attendance details are as follows:
| Meeting Type | Required Attendance | Actual Attendance | In-Person Attendance | Communication Attendance | Proxy Attendance | Absences |
|---|---|---|---|---|---|---|
| Board Meeting | 9 | 6 | 3 | 0 | 0 | 3 |
| Shareholder Meeting | 3 | 3 | 0 | 0 | 0 | 0 |
I voted in favor of all proposals submitted to the board after careful review, with no instances of opposition or abstention. I believe that the convening and holding of the board and shareholder meetings complied with legal procedures, and that significant operational decisions and other major matters followed relevant procedures, being legal and effective.
(2) Performance in Board Committees and Independent Director Meetings
In 2025, I served as the Chairman of the Nomination Committee, a member of the Compensation Committee, Risk Management Committee, and Strategic and ESG Committee. I actively fulfilled my responsibilities as a committee member, gaining insights into the Company's operational and financial status, and understanding the progress of major matters. I provided professional opinions that positively influenced the board's decision-making. The specific performance details in committee meetings are as follows: