The Board of Directors of Shenzhen Chaochao Co., Ltd.
Special Opinion on the Independence of Independent Directors
In accordance with the "Administrative Measures for Independent Directors of Listed Companies," the "Stock Listing Rules of the Shenzhen Stock Exchange," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1—Normative Operation of Main Board Listed Companies," etc., the Board of Directors of Shenzhen Chaochao Co., Ltd. (hereinafter referred to as the "Company") has prudently assessed the independence of Independent Directors Mr. Fan Mingchun, Mr. Fu Guoneng, and Mr. Zhang Zengrong for the year 2025, and hereby issues the following special opinion:
Upon review of the employment history of Independent Directors Mr. Fan Mingchun, Mr. Fu Guoneng, and Mr. Zhang Zengrong for the year 2025, and their signed self-assessment documents, it is confirmed that the aforementioned individuals do not hold any positions in the Company other than that of independent director, nor do they hold any positions in the principal shareholders' companies. They have no relationship of interest with the Company or its principal shareholders, nor any other relationship that may hinder their independent and objective judgment. There are no circumstances that affect the independence of the independent directors, which complies with the requirements for the independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1—Normative Operation of Main Board Listed Companies."