J&L Bearing Co., Ltd. 2025 Annual Report of Independent Director
J&L Bearing Co., Ltd. 2025 Annual Report of Independent Director (Cai Chang)
To the Shareholders and Representatives:
Given that the term of the Seventh Board of Directors of J&L Bearing Co., Ltd. (hereinafter referred to as the "Company") expires on December 10, 2025, in accordance with the "Company Law," "Articles of Association," and "Rules of Procedure for Board Meetings," the Company has conducted a board election in accordance with relevant legal procedures. On November 24, 2025, and December 10, 2025, the Company held the 39th meeting of the Seventh Board of Directors and the First Extraordinary General Meeting of Shareholders in 2025, respectively, approving the "Proposal on the Election of Independent Directors for the Board of Directors." I officially assumed the role of independent director of the Company on December 10, 2025, and have been performing my duties accordingly.
As an independent director of J&L Bearing Co., Ltd. (hereinafter referred to as the "Company"), in 2025, I have diligently and conscientiously fulfilled my duties in strict accordance with the "Company Law," "Securities Law," "Guiding Opinions on the Establishment of Independent Directors in Listed Companies," and other laws and regulations, as well as the "Articles of Association" and the "Independent Director Work System." I actively attended relevant meetings convened by the Company in 2025, effectively safeguarding the legitimate rights and interests of the Company and all shareholders, especially small and medium shareholders. The report on my performance in 2025 is as follows: