Guangdong Yuehai Feed Group Co., Ltd.
2025 Annual Independent Director Performance Report (Li Xuanyao)
As an independent director of Guangdong Yuehai Feed Group Co., Ltd. (hereinafter referred to as the "Company"), I have strictly followed the "Company Law," "Securities Law," "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 - Norms for Operation of Main Board Listed Companies," and the Company's "Articles of Association" and "Independent Director Work System" in 2025. I have diligently performed my duties as an independent director. With an independent, prudent, and rigorous attitude, I have fully utilized the rights granted by the Company, closely monitored the Company's operational status, actively participated in shareholder meetings, board meetings, and various related meetings, ensuring full attendance and in-depth review of all proposals. During this period, I have fully exercised the functions of an independent director and its respective special committees, dedicated to protecting the legitimate rights and interests of the Company and all shareholders, especially small and medium shareholders. The report on my performance of duties as an independent director in 2025 is as follows:
I. Basic Information of Independent Director
(I) Personal Work Experience, Professional Background, and Concurrent Positions I am Li Xuanyao, born in 1977, a Chinese national with no permanent overseas residency. I hold a Ph.D. in Law and am a professor at KoGuan Law School, Shanghai Jiao Tong University. In 1999, I graduated from Zhejiang University with a Bachelor's degree in International Economic Law. In 2002, I graduated from Zhejiang University with a Master's degree in Legal Theory. In 2005, I graduated from Zhejiang University with a Ph.D. in Constitutional Law and Administrative Law. In 2009, I completed postdoctoral research at China University of Political Science and Law, majoring in Legal Theory. Since 2005, I have been employed at Shanghai Jiao Tong University, serving as a lecturer, associate professor, and professor. From February 2017 to July 2021, I served as an independent director of Zhejiang Dongwang Times Technology Co., Ltd. From May 2019 to December 2023, I served as an independent director of Shanghai Hantek Information Technology Co., Ltd. From May 2020 to the present, I have served as an independent director of Shanghai Zhiye Biotechnology Co., Ltd. Since May 2022, I have served as an independent director of Shanghai Snowman Biotechnology Co., Ltd. and Guangdong Yuehai Feed Group Co., Ltd.
(II) Explanation of Circumstances Affecting Independence As an independent director of the Company, I meet the relevant requirements for independence stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and have no circumstances that affect my independence. In the performance of my duties, I am not influenced by the Company's controlling shareholder, actual controller, or any other entities or individuals with interests related to the Company.
II. Independent Director Performance in 2025
(I) Attendance at Board and Shareholder Meetings In 2025, the Company held fourteen board meetings and six shareholder meetings. My attendance record is as follows:
| Reports Period Attendance at Board Meetings | On-site Attendance at Board Meetings | Attendance at Board Meetings via Telecommunication | Entrusted Attendance at Board Meetings | Absentee Attendance at Board Meetings | Whether Consecutive Two Board Meetings Were Not Personally Attended | Attendance at Shareholder Meetings |
|---|---|---|---|---|---|---|
| 14 | 1 | 13 | 0 | 0 | No | 6 |