Zhejiang DunAn Artificial Environment Co., Ltd. 2025 Annual Independent Director's Performance Report
To the esteemed shareholders and shareholder representatives:
As an independent director of Zhejiang DunAn Artificial Environment Co., Ltd. (hereinafter referred to as the "Company"), in accordance with 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," the "Administrative Measures for Independent Directors of Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association of Zhejiang DunAn Artificial Environment Co., Ltd." (hereinafter referred to as the "Articles of Association") and the "Independent Director Work System," and adhering to the principles of objectivity, fairness, and independence, I have diligently and conscientiously performed my duties, actively attended relevant meetings, carefully reviewed all proposals submitted to the Board of Directors, fully utilized the role of independent directors and special committees, and safeguarded the interests of the Company and all shareholders.
In June 2025, the Company underwent a board of directors election. I assumed the position of Independent Director of the Ninth Board of Directors on June 19, 2025. This report details my performance during my tenure in 2025.
I. Basic Information of Independent Director
(I) Personal Work Experience, Professional Background, and Concurrent Positions
Mr. Hu Jiewu holds a Ph.D. and is currently an Associate Professor in the Accounting Department of Beijing Jiaotong University. He has led and participated in numerous vertical research projects funded by the National Natural Science Foundation of China, the Ministry of Finance, the Ministry of Education, the Ministry of Railways, the State-owned Assets Supervision and Administration Commission, the National Audit Office, and the Beijing Municipal Administration for Market Regulation, including "Research on Potential Synergies in Strategic Mergers and Acquisitions" and "Research on Mergers and Acquisitions of Central Enterprises and Case Studies." He has also led and participated in numerous horizontal research projects, such as "Research on Deepening the Reform of Establishing a Modern Enterprise System in Construction Enterprises" and "Research on the System of State-owned Capital and its Management in China and Abroad." He has authored publications including "Practical Guide to Foreign Investment in Chinese Enterprises" and "Equity Dynamics—A Collection of Chinese Listed Company Management Buyout Cases (1997-2008)." He was a key participant in the compilation of "China M&A Yearbook" and "Annual Report on Mergers and Reorganizations of Central Enterprises." He has published over 30 articles in core journals such as "China Soft Science" and provided consulting and training services in internal control, risk management, and corporate governance for enterprises such as MCC Group, China Road and Bridge Corporation, COSCO Group, China Railway Corporation, and Bao Shen Railway Group. Since June 2025, he has served as an Independent Director of the Company.
(II) Statement on Circumstances Affecting Independence
As an Independent Director of the Company, during my tenure, I have not held any positions in the Company other than that of Independent Director. Neither I nor my immediate family members or principal social connections are employed by the Company or its affiliated enterprises. Furthermore, I do not provide financial, legal, or consulting services to the Company or its controlling shareholders or their respective affiliated enterprises.
There are no circumstances that hinder my ability to make independent and objective judgments, nor are there any violations of the independence requirements for independent directors stipulated in Article 6 of the "Administrative Measures for Independent Directors of Listed Companies."
II. Independent Director's Performance in 2025
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company held 6 shareholder meetings and 12 board meetings. I was scheduled to attend 4 shareholder meetings and attended all 4. I was scheduled to attend 7 board meetings and attended all 7. There were no instances of missing two consecutive meetings without personal attendance.