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Haining China Leather City Co., Ltd. 2025 Board of Directors Work Report

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This report details the 2025 work of the Board of Directors of Haining China Leather City Co., Ltd. It outlines the board's adherence to laws and regulations, its daily operations including seven board meetings and two shareholder meetings, and its information disclosure and investor relations management. The report also covers the work of its sub-committees and future priorities for 2026, emphasizing good governance and shareholder value.

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Haining China Leather City Co., Ltd. 2025 Board of Directors Work Report

In 2025, the company's Board of Directors, in accordance with the "Company Law," "Securities Law," "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 1 - Main Board Listed Company Standardized Operation (2025 Revision)," and the "Articles of Association" and "Board of Directors Meeting Rules," strictly performed its duties. With integrity, diligence, efficiency, and fairness, it operated in a standardized and efficient manner, made prudent and scientific decisions, strictly implemented all resolutions of the shareholders' meeting, standardized corporate governance, and effectively protected the legitimate rights and interests of the company and all shareholders, ensuring the company's sound operation and sustainable development.

I. Board of Directors' Daily Work

(I) Board Meeting Convening Situation During the Reporting Period

In 2025, the company's Board of Directors, in strict accordance with relevant laws, regulations, and the "Articles of Association," convened and held seven board meetings throughout the year to review and make decisions on various significant matters of the company. The specific situation is as follows:

  1. The Eighth Meeting of the Sixth Board of Directors was held on April 8, 2025, in the company's meeting room. All nine members of the Board of Directors attended the meeting, which constituted a legal and valid meeting in accordance with the number of attendees stipulated in the "Articles of Association." The meeting was presided over by the then Chairman Lin Xiaoqin. After voting, the meeting deliberated and approved the following proposals: "Proposal on Reviewing the 2024 Board of Directors Work Report," "Proposal on Reviewing the 2024 General Manager Work Report," "Proposal on Reviewing the 2024 Annual Report and Summary," "Proposal on Reviewing the 2024 Profit Distribution Plan," "Proposal on Reviewing the 2024 Internal Control Self-Evaluation Report," "Proposal on Reviewing the 2024 Financial Final Accounts Report," "Proposal on Appointing Accounting Firms," "Proposal on Issuing Medium-Term Notes," "Proposal on Issuing Ultra-Short-Term Commercial Paper," "Proposal on Providing Guarantee for Holding Subsidiary Chuangjia Company," "Proposal on Providing Financial Assistance to Holding Subsidiary Chuangjia Company," "Proposal on Applying for Bank Credit Line," and "Proposal on Postponing the 2024 Annual Shareholders' Meeting." The announcement of the resolution of this meeting was published on April 10, 2025, in the company's designated information disclosure media, Securities Times, China Securities Journal, and the CNINFO website (http://www.cninfo.com.cn).

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