2025 Annual Report of Independent Director
Dear shareholders and shareholder representatives:
As an independent director of Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company"), I have diligently fulfilled my responsibilities in accordance with the Company Law of the People's Republic of China, the Management Measures for Independent Directors of Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, and other relevant regulations, as well as the Company's Articles of Association. I have actively attended relevant meetings, carefully reviewed board proposals, expressed independent opinions on company matters, and effectively safeguarded the interests of the Company and its shareholders, especially the interests of public shareholders.
On May 15, 2025, due to the re-election of the board of directors, I was elected as an independent director of the seventh board of directors. I hereby report on my work during my tenure as an independent director in 2025:
I. Basic Information of the Independent Director
(1) Basic Information
Li Qingyuan: Born in 1977, Chinese nationality, member of the Communist Party of China, no permanent residence abroad, Professor (Level 2) at the School of Economics and Management, Wuhan University, visiting scholar at Columbia University. I have been selected as a distinguished professor of the Changjiang Scholars Program by the Ministry of Education (2021), a young Changjiang scholar (2017), a top young talent under the Ministry of Organization (2017), a new century excellent talent support program by the Ministry of Education (2012), a special support program for leading accounting talents by the Ministry of Finance (2017), and an outstanding young scholar in humanities and social sciences at Wuhan University (2020). I currently serve as a distinguished professor at the School of Economics and Management, Wuhan University, and am a member of the Teaching Guidance Committee for Accounting Majors of the Ministry of Education, as well as a peer reviewer for the Research Grants Council (RGC) of Hong Kong. I have served as an independent director of the Company since May 15, 2025.
(2) Explanation of Independence
As an independent director of the Company, I do not hold any position other than that of independent director, and there are no relationships with the Company or its major shareholders that would hinder my ability to make independent and objective judgments. My appointment meets the independence requirements stipulated in the Management Measures for Independent Directors of Listed Companies and other relevant laws and regulations, and there are no circumstances affecting my independence.
II. Attendance at Meetings
In 2025, I was required to attend 5 board meetings and 3 shareholder meetings, and I did not miss any consecutive board meetings. All board and shareholder meetings were convened and held in accordance with legal procedures, and major operational decisions and other significant matters were conducted in compliance with relevant procedures, making them legal and effective. After careful review of the board's proposals and other matters, I voted in favor of all proposals without raising any objections or abstentions.
Attendance at Board Meetings in 2025:
| Name | Required Attendance | In-Person Attendance | Attendance by Communication | Attendance by Proxy | Absences | Voting Situation |
|---|---|---|---|---|---|---|
| Li Qingyuan | 5 | 1 | 4 | 0 | 0 | Voted in favor of all proposals |
Attendance at Shareholder Meetings in 2025:
| Name | Required Attendance | In-Person Attendance | Attendance by Proxy | Remarks |
|---|---|---|---|---|
| Li Qingyuan | 3 | 3 | 0 |