Guangdong Yuehai Feed Group Co., Ltd. 2025 Annual Independent Director's Report (Zhang Cheng)
As an independent director of Guangdong Yuehai Feed Group Co., Ltd. (hereinafter referred to as the "Company"), I have strictly adhered to the requirements of the "Company Law," "Securities Law," "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Norms for Operations of Main Board Listed Companies," and the "Articles of Association" and "Work System for Independent Directors of the Company" in exercising my duties with independence, prudence, and efficiency. I have closely monitored the Company's operational status, actively attended relevant meetings, diligently reviewed all proposals from the Board of Directors and special committees, and expressed objective and fair independent opinions on major matters, effectively safeguarding the legitimate rights and interests of the Company and all shareholders, especially public shareholders. The summary of my performance in 2025 is as follows:
I. Basic Information of Independent Director
(I) Personal Work Experience, Professional Background, and Concurrent Positions
I am Zhang Cheng, born in 1972, a Chinese national with no permanent overseas residency, holding a Master's degree, and am a certified public accountant and senior accountant. Since 2021, I have served as the Director of the Guangxi Branch of Pengsheng Certified Public Accountants (Special General Partnership). Since 2023, I have served as the Vice President of the Guangxi Certified Tax Agents Association. Since 2018, I have served as a financial expert for the Guangxi Department of Science and Technology. Since July 2021, I have served as an external director of Guangxi Ronggui Yiatong Supply Chain Co., Ltd. Since May 2022, I have served as an independent director of the Company.
(II) Explanation of Circumstances Affecting Independence
As an independent director of the Company, I possess the independence and qualifications required by relevant laws, regulations, the "Articles of Association," and the "Work System for Independent Directors," ensuring that I demonstrate objectivity, independence, and professionalism in fulfilling my duties. I have not been penalized by the China Securities Regulatory Commission or other relevant regulatory authorities, nor have I been subject to any disciplinary measures by the stock exchange. Neither I nor my immediate family members, nor my principal social relations, hold any positions in the Company or its affiliated companies. There are no relationships between me and the Company or its principal shareholders that would hinder my independent and objective judgment, nor are there any other circumstances affecting my independence.
II. Independent Director's Performance in 2025
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company held fourteen Board meetings and six shareholder meetings. My attendance at these meetings is as follows:
| Number of Board Meetings Attended in Reporting Period | Number of In-Person Board Meetings Attended | Number of Board Meetings Attended via Communication | Number of Board Meetings Attended by Proxy | Number of Board Meetings Missed | Whether Missed Two Consecutive Board Meetings In Person | Number of Shareholder Meetings Attended |
|---|---|---|---|---|---|---|
| 14 | 1 | 13 | 0 | 0 | No | 6 |