Ningbo Liyuan Environmental Energy Technology Co., Ltd. 2025 Annual Independent Director's Report Shi Jianbing
To all shareholders and shareholder representatives:
As an independent director of Ningbo Liyuan Environmental Energy Technology Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Company Law," "Securities Law," "Administrative Measures for Independent Directors of Listed Companies," and other relevant laws and regulations, I have diligently performed my duties and conscientiously fulfilled my responsibilities as an independent director during the 2025 fiscal year (hereinafter referred to as "this year"). I have gained a detailed understanding of the Company's operations, faithfully discharged my duties, actively attended relevant Company meetings, diligently reviewed all proposals from the Board of Directors, and protected the interests of shareholders. The following is my report on the performance of my duties as an independent director for 2025:
I. Basic Information
I, Shi Jianbing, born in December 1966, am a Chinese national with no permanent residency abroad and hold a Master's degree. Due to the Company's board of directors' reshuffle completed on February 27, 2026, I stepped down on February 27, 2026, upon the expiration of the term of the sixth Board of Directors. I have served as an independent director for the Company, Chief Section Member of the Zhejiang Provincial Department of Justice, and independent director of Gansu Shangfeng Cement Co., Ltd. I am currently the Director of Zhejiang Zhejiang Yuan Law Firm, an arbitrator at the Hangzhou Arbitration Commission, Vice President of the Zhejiang Lawyers Association, a legislative consulting expert for the Zhejiang Provincial People's Government, an adjunct professor at the China Jiliang University, an adjunct professor at the Zhejiang Sci-Tech University, Chief Legal Consulting Expert for the Zhejiang Provincial Law Society, an arbitrator at the Shaoxing Arbitration Commission, and an independent director of Hangzhou Hikvision Digital Technology Co., Ltd.
During the reporting period, my position met the independence requirements stipulated in Article 6 of the "Administrative Measures for Independent Directors of Listed Companies," and there were no circumstances that affected my independence.
II. Attendance at Board and Shareholder Meetings
(I) Attendance at Board Meetings
- This year, the Company convened 6 board meetings. I attended all 6 meetings in the manner required by the meeting arrangements. I did not entrust other independent directors to attend meetings on my behalf, nor did I miss any meetings or entrust other independent directors to attend and exercise voting rights.
- I voted in favor of all proposals deliberated at the board meetings I attended.
(II) Attendance at Shareholder Meetings
This year, the Company convened 3 shareholder meetings. I attended all 3 meetings in the manner required by the meeting arrangements.
The convening of the Company's Board of Directors and Shareholder meetings this year complied with legal procedures, and major operational decisions underwent relevant procedures, which were legal and effective. The resolutions of these meetings not only served the overall interests of the Company but also the legitimate interests of all shareholders, especially minority shareholders. This year, I did not propose to convene a board meeting, nor did I propose to hire or dismiss accounting firms, or independently hire external audit and consulting firms. This year, I also did not raise any objections to any proposals from the Board of Directors or other Company matters.
III. Attendance at Board Special Committees