According to the "Management Measures for Independent Directors of Listed Companies," "Corporate Governance Standards for Listed Companies," and other relevant laws and regulations, as well as the company's articles of association and independent director work system, I, Bai Ming, an independent director of Xinjiang Tiensheng Supply Chain Co., Ltd. (hereinafter referred to as "the Company" or "Tiensheng"), hereby submit my annual report to the board of directors and the shareholders' meeting, reporting on my performance of duties. Please review.
I. Basic Information
(1) Work Experience, Professional Background, and Concurrent Positions
I, Bai Ming, born in December 1975, graduated from Xinjiang University of Finance and Economics with a bachelor's degree in law. I currently serve as a lawyer at Xinjiang Zhengyu Law Firm, a council member of the Xinjiang Lawyers Association, an arbitrator at the Urumqi Arbitration Commission, an expert for the Foreign Affairs Working Group of the Autonomous Region People's Government, and an expert member of the Administrative Review Committee of the Autonomous Region People's Government. I became a director of the Company in June 2025. I meet the qualifications for independent directors as stipulated by relevant laws and regulations and have been filed with the Shenzhen Stock Exchange for review.
(2) No Circumstances Affecting Independence
I do not hold any position other than that of independent director at Tiensheng, and I have no direct or indirect interests with Tiensheng or its major shareholders that could affect my independent and objective judgment. I independently perform my duties without influence from Tiensheng or its major shareholders. In 2025, I conducted a self-assessment of my independence and confirmed compliance with applicable regulatory requirements for serving as an independent director of Tiensheng, submitting the self-assessment to the board of directors. The board evaluated my independence and found no circumstances that could affect my ability to make independent and objective judgments, affirming my continued independence as an independent director.
II. Annual Performance of Duties
(1) Attendance at Meetings
I dedicated sufficient time to fulfill my responsibilities. In 2025, I made efforts to personally attend all board and committee meetings, participating in board decisions and expressing clear opinions on discussed matters. There were no instances of failing to attend two consecutive meetings or delegating attendance to other independent directors.
- Attendance at Board and Shareholder Meetings
In 2025, after the re-election of the sixth board of directors, the Company held 8 board meetings and 2 shareholder meetings, all of which I personally attended. I believe that the convening and holding of board meetings and shareholder meetings, as well as major business decisions and other significant matters, complied with legal procedures and were valid. I voted in favor of all proposals reviewed during the reporting period, with no instances of opposition or abstention.
| Board Meeting Attendance | Shareholder Meeting Attendance |
|---|---|
| Required Attendance | Personal Attendance |
| 8 | 8 |
- Attendance at Special Committee Meetings
In 2025, the Audit Committee, Compensation and Assessment Committee, and Nomination Committee held a total of 9 meetings. As the chair of the Nomination Committee and a member of the Audit and Compensation Committees, I was required to attend 9 committee meetings, attending all in person with no instances of delegation or absence. I diligently fulfilled my responsibilities as an independent director and committee member, reviewing relevant documents before meetings, utilizing my professional knowledge to provide independent, objective, and fair opinions, and exercising my voting rights rigorously, significantly enhancing the decision-making efficiency of the board.