Hangxiao Group Co., Ltd. 2025 Annual Report of Independent Director
To all shareholders and shareholder representatives:
As an independent director of Hangxiao Group Co., Ltd. (hereinafter referred to as the "Company" or "Hangxiao Shares"), I have faithfully, diligently, and independently performed my duties in strict accordance with the "Company Law," "Securities Law," "Guiding Opinions on Corporate Governance of Listed Companies," "Measures for the Administration of Independent Directors of Listed Companies," "Articles of Association," and "Work Rules for Independent Directors of the Company." I have actively participated in various board and shareholder meetings, conscientiously reviewed all proposals, and offered independent opinions and reasonable suggestions to safeguard the legitimate rights and interests of the Company and all shareholders, especially small and medium shareholders.
Here is a report on my work in 2025:
I. Basic Information of Independent Director
(I) Personal Information
Yao Jianhua, male, born in December 1965, Han ethnicity, member of the Communist Party of China, professor, doctoral supervisor, Zhejiang Province Special Expert, and selected for the National Hundred, Thousand, and Ten Thousand Talents Project. He is currently the Dean of the School of Mechanical Engineering and the Dean of the Research Institute of Advanced Laser Manufacturing Technology at Zhejiang Sci-Tech University, and the Director of the Provincial and Ministerial Co-construction Collaborative Innovation Center for High-end Laser Manufacturing Equipment (National 111 Program) and the person in charge of the Innovation Base for Laser Green Manufacturing Technology (National 111 Program). He also serves as the Deputy Director of the Professional Committee of Special Machining and the Deputy Director of the Professional Committee of Heat Treatment of the Chinese Mechanical Engineering Society, the Deputy Director of the Professional Committee of Laser Processing of the Optical Society of China, the Deputy Director of the Zhejiang Mechanical Engineering Society, and an independent director of Hangzhou Steam Turbine Co., Ltd. He has served as an independent director of Hangxiao Shares since July 2024.
Email: laser@zjut.edu.cn
(II) Statement on Circumstances Affecting Independence
I possess the independence required by the "Measures for the Administration of Independent Directors of Listed Companies" and have no circumstances that affect my independence.
II. Overall Work Situation in 2025
During the reporting period, with the principle of being highly responsible to all shareholders, I have strictly performed my duties in accordance with relevant laws and regulations, independently and objectively, ensuring the standardized operation of the Company, providing constructive suggestions and ideas for the Company's development, and expressing opinions on matters such as related-party transactions reviewed by the board of directors. During my tenure, I have not been influenced by any shareholder, actual controller, or other organization or individual with a conflict of interest with the Company, effectively safeguarding the legitimate rights and interests of the Company and the vast number of small and medium shareholders.
III. Annual Performance Review of Independent Director
(I) Attendance at Company Board and Shareholder Meetings
In 2025, the Company held 5 shareholder meetings and 20 board meetings. In strict accordance with the requirements of relevant laws and administrative regulations, I diligently performed my duties, attended all board meetings, and voted on all proposals. The attendance situation is as follows:
| Attendance at Board Meetings | | Attendance at Shareholder Meetings | | :------------------------------------- | :------------------------------------- | :------------------------------------- | :------------------------------------- | :------------------------------------- | :------------------------------------- | :------------------------------------- | | Number of Board Meetings Attended During Tenure | On-site Attendance | Attendance by Entrusted Proxy | Attendance via Communication | Number of Absent Board Meetings | Number of Shareholder Meetings Attended During Tenure | Number of Attended Shareholder Meetings | | 20 | 4 | 16 | 0 | 0 | 5 | 4 |