Blue Sail Medical Co., Ltd. 2025 Annual Independent Director Performance Report
To the Board of Directors and Shareholders:
As an independent director of Blue Sail Medical Co., Ltd. (hereinafter referred to as the "Company"), I, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Administrative Measures for Independent Directors of Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other relevant laws, regulations, and rules, as well as the requirements of the "Articles of Association of Blue Sail Medical Co., Ltd." (hereinafter referred to as the "Articles of Association") and the "Independent Director System," have, with the principles of objectivity, fairness, and independence, faithfully, diligently, and conscientiously performed my duties. In my work during 2025, I actively attended relevant meetings as required, diligently participated in the Company's board meetings, independent director special committee meetings, and shareholder meetings, carefully reviewed all proposals, and expressed independent opinions on major company matters, thereby playing the role of an independent director and effectively safeguarding the interests of the Company and its shareholders, especially small and medium investors. I hereby report on my work in 2025 as follows:
I. Basic Information
I, Qiao Guitao, born in March 1981, am a Chinese national with no permanent overseas residency. I hold a Ph.D. in Accounting, am a Chinese Certified Public Accountant, Tax Advisor, and Asset Appraiser, and a member of the Communist Party of China. I have long been dedicated to research on accounting and auditing issues in the capital market. I have led one project funded by the National Social Science Fund, two projects funded by the Shandong Provincial Social Science Fund, two projects funded by the Shandong Provincial Natural Science Fund, and one project funded by the Ministry of Education for Collaborative Education. I have published over 20 core journal articles and have been selected for the Shandong Provincial High-end Accounting Talent Training Program (Academic) and the Ministry of Finance's High-level Financial and Accounting Talent Quality Improvement Program for Young and Middle-aged Professionals. I currently serve as an independent director of the Company, a professor at the School of Management of Shandong University of Technology, and the Director of the MPACC Center. I also serve as an independent director of Shandong Longhua New Materials Co., Ltd., a director of the Shandong Provincial Enterprise Management Association, and a director of the Digital Finance Working Committee of the Belt and Road and BRICS Skills Development International Alliance.
As an independent director of the Company, my position complies with the independence requirements stipulated in the "Administrative Measures for Independent Directors of Listed Companies," and there are no circumstances that affect my independence.
II. Overview of Performance of Duties
(I) Attendance at Board Meetings
In 2025, the Company held 20 board meetings. I diligently attended all board meetings during my term, faithfully performing my duties as an independent director. I voted in favor of all proposals reviewed at the board meetings, with no absences or entrustments to other directors. There were no instances of failing to attend two consecutive board meetings in person. The details are as follows:
| Number of Board Meetings to Attend | Number of In-Person Attendance | Number of Attendance via Communication | Number of Entrusted Attendance | Number of Absences | Whether Failed to Attend Two Consecutive Meetings in Person |
|---|---|---|---|---|---|
| 20 | 8 | 12 | 0 | 0 | No |
(II) Attendance at Shareholder Meetings