Kai Rui De Holdings Co., Ltd.
Special Opinion on the Assessment of Independent Directors' Independence by the Board of Directors
In accordance with the "Administrative Measures for Independent Directors of Listed Companies," the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Normative Operation of Main Board Listed Companies," etc., Kai Rui De Holdings Co., Ltd. (hereinafter referred to as the "Company") has conducted a self-assessment of the independence of its current independent directors. The directors have submitted the "Self-Assessment Report on the Independence of Independent Directors" to the Board of Directors. The Board of Directors has assessed the independence of the current independent directors Xing Wei, Ji Xiaoteng, Shen Xinpeng, and former independent directors Fan Xiaoliang, Dong Yunyan, and Wang Shixi, and hereby issues the following special opinion:
Upon review, the resumes of the Company's current independent directors Xing Wei, Ji Xiaoteng, Shen Xinpeng, and former independent directors Fan Xiaoliang, Dong Yunyan, and Wang Shixi, as well as the relevant self-assessment documents they have signed, indicate that these individuals hold no positions within the Company other than independent director. They also do not hold any positions in the Company's major shareholder companies or other related parties. There are no relationships with the Company or its major shareholders and other related parties that could hinder their independent and objective judgment. This complies with the relevant requirements for the independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Normative Operation of Main Board Listed Companies."