WN Environmental Protection Co., Ltd. 2025 Annual Independent Director Performance Report
To all shareholders and shareholder representatives:
As an independent director of WN Environmental Protection Co., Ltd. (hereinafter referred to as the "Company") for the Ninth Board of Directors, I have strictly adhered to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Main Board Listed Company Standardized Operation," "Measures for the Administration of Independent Directors of Listed Companies," and the "Articles of Association" during my term. I have upheld the principles of independence and professional ethics for independent directors, faithfully and diligently performed my duties, and exercised the powers granted to independent directors by the Company in a lawful, compliant, prudent, and responsible manner. I have actively attended relevant company meetings and conscientiously reviewed all proposals, effectively safeguarding the interests of the Company and all shareholders, especially minority shareholders. I hereby report on my performance of independent director duties in 2025:
I. Basic Information of Independent Directors
(I) Basic Information My name is Fu Tao. I am male, a Chinese national, born in 1968, of Han ethnicity, with a doctoral degree and the title of Senior Professor-Level Engineer. I have previously served as an Assistant Researcher at the China Building Technology Development Center; Section Chief of the Science and Technology Department of the Ministry of Construction; Division Chief of the Housing Industry Promotion Center of the Ministry of Construction; Director of the Water Policy Research Center at Tsinghua University's School of Environment; and Independent Director of Beijing Originwater Technology Co., Ltd. I currently serve as Chairman of Beijing Erling Environment Co., Ltd., Chairman of Beijing Erjiu Ecological Environment Co., Ltd., Director of Beijing Shangshan Yihe Investment Management Co., Ltd., and concurrently serve as an Independent Director of WN Environmental Protection Co., Ltd.
(II) Circumstances Not Affecting Independence As an independent director of the Company, I have self-inspected my independence. In 2025, neither I nor my immediate family members held any positions in the Company or its subsidiaries other than independent director, nor did we hold any positions in the Company's major shareholder companies. We have not provided financial, legal, or consulting services to the Company or its subsidiaries. Apart from the independent director's allowance, I have not received any additional undisclosed benefits from the Company, its major shareholders, or related parties. There are no other relationships with the Company or its major shareholders that could hinder my independent and objective judgment. My position complies with the independence requirements stipulated in the "Measures for the Administration of Independent Directors of Listed Companies," and there are no circumstances affecting my independence.
II. Independent Director's Performance in 2025
(I) Attendance at Board and Shareholder Meetings In 2025, the Company held 7 board meetings and 4 shareholder meetings. I strictly followed relevant laws and regulations and diligently attended the meetings as follows: