Independent Director 2025 Annual Performance Report
- Wang Xiao
As an Independent Director of Aofei Entertainment Co., Ltd. (hereinafter referred to as the "Company"), during my term of office in 2025, I strictly followed 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" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for Independent Directors of Listed Companies," and the "Articles of Association," and the "Independent Director System" and other relevant regulations and requirements. I diligently and conscientiously performed my duties, actively understood the Company's operating conditions, actively attended relevant meetings, and carefully reviewed all proposals submitted to the board of directors, fully exercising my role as an independent director and safeguarding the legitimate rights and interests of the Company and all shareholders, especially small and medium shareholders.
Here is my performance report for the 2025 term:
I. Basic Information of Independent Director
(I) Work Experience, Professional Background, and Concurrent Positions
Independent Director Wang Xiao: Born in May 1969, graduated from the School of Management, Jinan University with a major in Business Administration, holding a Ph.D. degree. From 1994 to 2002, he worked in the Department of Statistics at Jinan University. Since 2002, he has been working in the School of Management at Jinan University, currently serving as a professor in the Department of Business Administration, School of Management, Jinan University. He previously served as an independent director of Beijing Virgin Creative Technology Co., Ltd. and a director of Guangzhou High-tech Industrial Development Zone Investment Group Co., Ltd. Since December 2021, he has concurrently served as a director of Guangdong Provincial Materials Industry (Group) Co., Ltd. Since September 2022, he has served as an independent director of Guangdong Electro-acoustic Market Marketing Co., Ltd. Since May 2025, he has served as an independent director of Guangzhou Xinbang Intelligent Equipment Co., Ltd. He has served as an independent director of Aofei Entertainment Co., Ltd. since September 2025.
(II) Statement of Independence
In accordance with the "Administrative Measures for Independent Directors," I have self-inspected my independence. As an independent director of the Company, I hold no positions in the Company other than independent director and member of the board's special committees. Neither I nor my immediate family members or main social relations are employed by the Company or its affiliated enterprises. 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 would hinder my independent and objective judgment, nor are there any violations of Article Six of the "Administrative Measures for Independent Directors of Listed Companies." I confirm that I meet the independence requirements for serving as an independent director as stipulated by applicable regulatory provisions, and I have submitted the self-assessment results to the board of directors for evaluation.
II. Performance of Independent Director in 2025
(I) Attendance at Board Meetings and Shareholders' Meetings
- Board Meetings and Shareholders' Meetings: During my term of office in 2025, I attended a total of 3 board meetings. With diligence, integrity, and a responsible attitude, I carefully reviewed the proposals of the board of directors, actively participated in discussions, and fully expressed my opinions based on my professional knowledge, offering constructive suggestions for the Company's operational development. The proposals discussed in these meetings did not harm the interests of shareholders, especially small and medium shareholders. Therefore, I unanimously approved all proposals and related matters discussed, without raising any objections. The specific situation is as follows: