To all shareholders and shareholder representatives:
Jiangsu Yake Technology Co., Ltd. 2025 Annual Report on Independent Director Performance (Independent Director: Li Jinchun)
As an independent director of Jiangsu Yake Technology Co., Ltd. (hereinafter referred to as the "Company" or "Yake Technology"), in 2025, I strictly adhered to the provisions of the Company Law, the Corporate Governance Guidelines for Listed Companies, the Rules for Independent Directors of Listed Companies, and the Articles of Association, and the Work System for Independent Directors. I diligently performed the duties of an independent director, prudently and diligently exercised the rights granted by the Company, actively attended the Company's board and shareholder meetings, reviewed various proposals, and expressed independent opinions on significant matters of the Company, thereby effectively safeguarding the interests of the Company and its shareholders. The report on my performance in 2025 is as follows:
I. Personal Profile and Concurrent Positions
I, Li Jinchun, am a Chinese national, born in April 1965, with a postgraduate degree. I am a professor (Level II) and doctoral supervisor at Changzhou University, and the Dean of the Research Institute of Resource Recycling and Innovation Materials Industry at Changzhou University. I also serve as the Deputy Head of the Cotton Packaging Materials Working Group of the National Cotton Processing Standardization Technical Committee, a review expert for the Shanghai Society of Plastics Engineering Technology Standards, an expert consultant for the Bio-based Materials Industry Branch of the Jiangsu Circular Economy Association, the Deputy Director of the Key Laboratory of Environmentally Friendly High-Polymer Materials in Jiangsu Province, a member of the Jiangsu Postgraduate Education Guidance Committee, and a visiting researcher at the Process Research Institute of Dongfeng Commercial Vehicle Technology Center. Previously, I held positions such as Dean of the Graduate School, Director of the Science and Technology Department, Director of Industry-Academia Cooperation, and Director of the Personnel Department at Changzhou University.
Neither I nor my immediate family members or main social relations hold any positions other than independent director in the Company or its affiliated enterprises. I have not provided financial, legal, or consulting services to the Company or its affiliated enterprises. Apart from the independent director allowance, I have not received any additional undisclosed benefits from the Company, its major shareholders, or related parties. As an independent director of the Company, I possess the independence required by the "Administrative Measures for Independent Directors of Listed Companies" issued by the China Securities Regulatory Commission, and there are no circumstances that affect my independence.
II. Independent Director Performance in 2025
(I) Attendance at Meetings
- Attendance at Board and Shareholder Meetings
In 2025, the Company held 6 board meetings. I was scheduled to attend all 6 meetings and attended all 6 meetings via communication.
I actively participated in the Company's decision-making processes. Before board meetings, I thoroughly studied the relevant proposals and proactively obtained information required for decision-making. During the review of proposals, I exercised my voting rights prudently, independently, and impartially, fulfilling my duties as an independent director. During the reporting period, I voted in favor of all proposals reviewed at the board meetings and did not raise any objections to the Company's board proposals or other matters.
In 2025, the Company held 3 shareholder meetings. I attended all of them.
I personally attended all Company meetings on time and did not have any absences or miss two consecutive meetings without personal attendance.
- Performance in Special Committees
In 2025, I served as a member of the Board Audit Committee. I attended the committee meetings and reviewed the Company's financial information. During the annual audit process, I actively communicated with the accounting firm and the Company's senior management, reviewed financial reports, the Company's use of funds, and internal control systems.