Tianhong Digital Commerce Co., Ltd. 2025 Annual Independent Director's Performance Report (Chen Laping)
In accordance with the requirements of the "Company Law," "Administrative Measures for Independent Directors of Listed Companies," "Stock Listing Rules of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," "Articles of Association of Tianhong Digital Commerce Co., Ltd." (hereinafter referred to as the "Company"), and the "Independent Director Work System" and other relevant laws, regulations, and rules, I, as an independent director of the seventh board of directors, have faithfully and diligently performed my duties as an independent director. I actively attended relevant company meetings, carefully reviewed various proposals from the board of directors and special committees, fully utilized the independence and professionalism of an independent director, and effectively protected the legitimate rights and interests of the Company and its shareholders, especially minority shareholders. The report on my performance in 2025 is as follows:
I. Basic Information
I hold a Ph.D. in Economics and have extensive experience in economic management and retail industry research. Since May 2005, I have been a professor at the Business School of Capital University of Economics and Business. I began serving as an independent director of the Company in September 2025. Currently, I am the Executive Dean of the Big Data Research Institute for Consumption, Chairman of the Retail Special Committee of the China Higher Education Market Association, Executive Director of the China Business Economics Association, and a member of the expert committees of the China Chain Store & Franchise Association and the China General Chamber of Commerce. I also serve as an independent director for two other domestic listed companies.
Upon self-examination, my qualifications meet the requirements stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and other regulations, and there are no circumstances that affect my independence.
II. Overview of Performance This Year
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company convened 11 board meetings and 4 shareholder meetings. I made an effort to attend these meetings in person. When reviewing proposals at board meetings, after in-depth understanding and careful consideration, I agreed with all proposals, with no abstentions or opposing votes.
The following is my attendance record at the Company's board and shareholder meetings during my tenure:
Attendance at Board Meetings Number of Meetings to Attend Number of Meetings Attended in Person Number of On-site Attendance Number of Attendance via Communication Number of Entrusted Attendance Number of Absences 2 2 2 0 0 0 Attendance at Shareholder Meetings Number of Meetings to Attend Number of Actual Attendance 1 1
(II) Work of Board Special Committees and Independent Director Special Meetings
As the Chairman of the Nomination Committee, a member of the Audit Committee, a member of the Remuneration and Appraisal Committee, and a member of the Independent Director Special Meeting of the seventh board of directors, I actively organized and participated in meetings. My performance in 2025 is as follows:
- Board Nomination Committee During my term, as the convener of the Board Nomination Committee, I organized one meeting. I reviewed the matter of re-appointing the General Manager and other senior management personnel in accordance with regulations.