2025 Annual Report of Independent Director (Xiao Xiao)

Jiangsu Shentong Valve Co., Ltd. 2025 Annual Report of Independent Director (Name: Xiao Xiao)

To all shareholders and shareholder representatives:

As an independent director of Jiangsu Shentong Valve Co., Ltd. (hereinafter referred to as the "Company"), and with a sense of responsibility to all shareholders, especially the vast number of small and medium shareholders, I have strictly followed the "Company Law," "Securities Law," "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Normative Operation of Main Board Listed Companies," and other laws and regulations, as well as the "Articles of Association" and the "Independent Director System" during 2025. I have diligently performed my duties as an independent director, actively attended relevant meetings, conscientiously reviewed various proposals of the Board of Directors, and offered constructive suggestions for the Company's business development and operations. I have fully exercised the role of an independent director, effectively safeguarding the overall interests of the Company and the interests of all shareholders, especially small and medium shareholders. The following is a report on my performance as an independent director during 2025:

I. Basic Information of Independent Director

(I) Personal Resume I, Xiao Xiao, born in 1984, am a Chinese national with no permanent overseas residency. I hold a Bachelor of Finance from Peking University, a Master of Economics, and a Ph.D. in Accounting from the University of Wisconsin-Madison. From August 2012 to June 2015, I served as a Research Assistant and Teaching Assistant at the School of Business, University of Wisconsin-Madison. From July 2016 to January 2025, I was an Assistant Professor at the Guanghua School of Management, Peking University. Since October 2020, I have served as an independent director of Jiangsu Kangwei Century Biotechnology Co., Ltd. I am currently a visiting scholar at Wuhan University and will serve as an independent director of Jiangsu Shentong Valve Co., Ltd. from August 2025.

(II) Independence Status As an independent director of the Company, upon self-assessment, I meet the relevant requirements for independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Normative Operation of Main Board Listed Companies," and there are no circumstances that affect my independence.

II. Overview of Independent Director's Performance in 2025

(I) Attendance at Meetings With a spirit of responsibility to shareholders and a commitment to seeking truth from facts, I have diligently and responsibly attended all board of directors' meetings, special committee meetings, and shareholder meetings held by the Company in 2025. Before each meeting, I actively understood the relevant matters and obtained the necessary information for decision-making. I actively communicated and exchanged with the Company's senior management, understood the Company's production and operation status, and made independent judgments based on my professional knowledge and experience. I provided independent opinions and voted according to the prescribed procedures, playing a positive role in the Board of Directors' correct and scientific decision-making.

In 2025, the Company held 7 board of directors' meetings, 3 shareholder meetings, 7 board of directors' audit committee meetings, 3 board of directors' nomination committee meetings, 2 board of directors' remuneration and appraisal committee meetings, and 2 board of directors' strategy committee meetings. Upon approval at the first extraordinary general meeting of shareholders in 2025, I became an independent director of the Seventh Board of Directors of the Company from August 8, 2025. My attendance at meetings is as follows:

Board of Directors Meeting Attendance