2025 Annual Report of Independent Director
I, Yuan Min, as the independent director of Shanghai Metersbonwe Fashion & Accessories Co., Ltd. (hereinafter referred to as "the Company"), have strictly adhered to the provisions of the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, and the Management Measures for Independent Directors of Listed Companies, as well as the Articles of Association of Shanghai Metersbonwe Fashion & Accessories Co., Ltd. (hereinafter referred to as "the Articles of Association"). Upholding the principles of objectivity, fairness, and independence, I have diligently fulfilled my responsibilities and actively played the role of an independent director, safeguarding the overall interests of the Company and the legitimate rights and interests of all shareholders, especially minority shareholders. Below is a summary of my performance in 2025:
I. Basic Information of the Independent Director
Yuan Min, male, born in 1975, holds a doctoral degree, and is currently a full-time professor at Shanghai National Accounting Institute. I serve as the independent director of the Company. During my tenure as an independent director, I have not held any position other than that of independent director in the Company, nor have I held any position in the major shareholder's company. There are no relationships that hinder my ability to make independent and objective judgments, and I meet the independence requirements stipulated in relevant laws and regulations.
II. Performance in 2025
(A) Attendance at Board and Shareholder Meetings
I actively participated in all board and shareholder meetings held by the Company after my appointment. With a diligent attitude, I carefully reviewed meeting proposals and related materials, actively participated in discussions, and provided reasonable suggestions, contributing positively to the board's correct and scientific decision-making. In 2025, the convening of the board and shareholder meetings complied with legal procedures, and all major operational decisions and other significant matters followed the relevant approval processes. My attendance at meetings is as follows:
| Meeting Type | Should Attend | Actual Attendance (In-person/Communication) | Proxy Attendance | Absences | Total Meetings | Attended as Guest |
|---|---|---|---|---|---|---|
| Board Meetings | 6 | 6 | 0 | 0 | 3 | 2 |
| Shareholder Meetings | 6 | 6 | 0 | 0 | 3 | 2 |
- During the reporting period, I personally attended and voted in favor of all proposals discussed at the board meetings.
- I did not authorize any other independent directors to attend meetings on my behalf during the reporting period.
- I raised no objections to any matters concerning the Company during the reporting period.
(B) Attendance at Board Committees
| Committee Type | Should Attend | Actual Attendance |
|---|---|---|
| Audit Committee | 4 | 4 |
| Nomination Committee | 1 | 1 |
- As a member of the board's audit committee, I attended all meetings on time, discussed relevant matters, and submitted resolutions for board review, supervising the implementation of internal controls and the Company's financial situation.
- As the chair of the nomination committee, I attended all meetings on time, carefully selecting and reviewing candidates for the board and senior management.