Independent Director 2025 Annual Performance Report (Zeng Pingliang)

To All Shareholders:

Hangzhou Heng Electric Co., Ltd. Independent Director 2025 Annual Performance Report (Zeng Pingliang)

As an independent director of Hangzhou Heng Electric Co., Ltd. (hereinafter referred to as the "Company") for the eighth and ninth terms of the Board of Directors, I have strictly performed my duties and obligations as an independent director in accordance with the "Company Law of the People's Republic of China," the "Administrative Measures for Independent Directors of Listed Companies," the "Company Articles of Association," and the "Independent Director Work System" and other company regulations. In 2025, I actively attended relevant meetings, diligently reviewed various proposals, and expressed opinions on related proposals, fully leveraging the independence and professionalism of an independent director to effectively protect the legitimate rights and interests of the Company and its shareholders, especially small and medium shareholders. The report on my performance in 2025 is as follows:

I. Basic Information of Independent Director

1. Work Experience, Professional Background, and Concurrent Positions of Independent Director

I, Zeng Pingliang, born in 1962, am a British national with permanent residency in China. I hold a Ph.D. and am a National Special Expert, a Zhejiang Provincial Special Expert, Director of the Zhejiang Engineering Center for Regional Energy Internet Technology, an IET Fellow, a Senior Member of IEEE, a member of TC122 WG1, IEC TC8 JWG10&12, and SC8B, and an expert member of the International Council on Large Electric Systems (Cigre). I previously served as a Senior Engineer, Risk Management Department Manager, System Capacity Department Manager, System Operation Incentive and Strategy Department Manager, and Grid Design Department Manager at National Grid UK. I was also the Chief Expert in Power System Planning and Analysis at the Electric Power Research Institute of China Electric Power Research Institute Co., Ltd. Currently, I am a professor at Hangzhou Dianzi University and have served as an independent director of the Company since August 2022.

1. Statement of Independence

During my tenure as an independent director of the Company, I do not hold any position that disqualifies me from being an independent director as stipulated in the "Administrative Measures for Independent Directors of Listed Companies." I have no relationship with the Company or its major shareholders that could affect my independent and objective judgment, and I meet the independence requirements for independent directors as set forth in the "Administrative Measures for Independent Directors of Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant laws and regulations.

II. Overview of Independent Director's Performance in 2025

(I) Performance in Board of Directors and Shareholders' Meetings

In 2025, the Company held 9 Board of Directors meetings and 2 Shareholders' Meetings. The convening and holding of these meetings complied with legal procedures, and all major business decisions and other significant matters were handled in accordance with the required procedures, making them legal and effective. I actively participated in the Company's Board of Directors and Shareholders' Meetings, faithfully performing my duties as an independent director, without any absences, entrusting others to attend, or consecutive absences from personal attendance at meetings. My attendance record for 2025 is as follows: