2025 Annual Independent Director's Performance Report
(Xu Zunwu)
During my tenure as an independent director of China Merchants Property Operation Service Co., Ltd. (hereinafter referred to as the "Company"), I have strictly adhered to the "Company Law," "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Main Board Listed Company Regulation No. 1 - Norms for Operation of Main Board Listed Companies," and other laws and regulations, as well as the "Articles of Association" and the "Work System for Independent Directors" of the Company. I have faithfully and diligently performed my duties, exercised independent decision-making, and effectively protected the legitimate rights and interests of the Company and all shareholders, especially minority shareholders.
My term has expired, and I officially resigned on November 27, 2025, ceasing to hold any positions in the Company. Here is my performance report for 2025:
I. Basic Information of Independent Directors
(I) Work Experience, Professional Background, and Concurrent Positions
I am Xu Zunwu, a Chinese national, born in August 1957. I hold a postgraduate degree while working and am a Senior Economist. I am currently the legal representative and chairman of Shenzhen Ruichuang Supply Chain Research Institute. I previously served as deputy general manager of Guangzhou Ocean Shipping Company, deputy general manager and general manager of COSCO (Hong Kong) Shipping Co., Ltd., deputy president of COSCO (Hong Kong) Group Co., Ltd. and general manager of Shenzhen Ocean Shipping Co., Ltd., general manager and director of COSCO Bulk Carrier Co., Ltd., deputy chairman and general manager of COSCO Bulk Carrier (Group) Co., Ltd., deputy general manager of China COSCO Holdings Company Limited, executive director and general manager of COSCO SHIPPING Holdings Company Limited, chairman and general manager of Shenzhen Zhilian Supply Chain Research and Service Co., Ltd., and an independent director of the Company.
(II) Circumstances Not Affecting Independence
As an independent director of the Company, I possess the qualifications and independence required by the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Main Board Listed Company Regulation No. 1 - Norms for Operation of Main Board Listed Companies." In addition to my role as an independent director of the Company, neither I nor my immediate family members or principal social relations are employed by the Company or its affiliated enterprises, nor do we hold any positions in the principal shareholders' entities. There are no conflicts of interest between me and the Company or its principal shareholders, nor any other relationships that could hinder my independent and objective judgment. There are no other circumstances that affect my independence as an independent director.
I have conducted a self-assessment of my independence for 2025 and confirmed that I have maintained my independence as an independent director. This self-assessment has been submitted to the Board of Directors. The Board of Directors has evaluated my independence and found no circumstances that would affect my ability to perform my duties as an independent director with independent and objective judgment, concluding that I have continued to maintain my independence as an independent director.
II. Overview of Independent Director's Performance in 2025
(I) Attendance at Board and Shareholder Meetings
During the reporting period, I actively participated in the Company's Board of Directors and shareholder meetings. With a diligent and responsible attitude, I carefully reviewed the proposals and related materials, actively participated in discussions on various agenda items, and fully utilized my professional knowledge and work experience to offer reasonable suggestions and advice. I exercised my voting rights cautiously and independently, voting in favor of all proposals reviewed by the Board of Directors, with no opposing or abstaining votes. I also actively followed up on the implementation of the Board's resolutions by the Company's management and the execution of decisions by the General Manager's Office under the Board's authorization, playing a positive role in the Board's scientific and efficient decision-making and the standardized operation of shareholder meetings.