Stock Code: 002800 Company Name: Tianshun Co., Ltd.
Xinjiang Tianshun Supply Chain Co., Ltd. 2025 Annual Independent Director's Report (Wang Hailing)
As an independent director of Xinjiang Tianshun Supply Chain Co., Ltd. (hereinafter referred to as the "Company"), during my term in 2025, I strictly followed the requirements of the Company Law, Securities Law, Corporate Governance Guidelines for Listed Companies, the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Main Board Listed Company Normative Operation" and other laws, regulations, normative documents, and the Company's Articles of Association and the Company's Independent Director Work System. I actively participated in the company's governance, diligently performed my duties, and acted with diligence and conscientiousness, ensuring objectivity and fairness, and effectively safeguarding the company's interests and the legitimate rights and interests of all shareholders.
Having served as an independent director of the Company for six consecutive years, I stepped down upon the re-election of the Sixth Board of Directors in June 2025. This report outlines my performance of independent director duties in 2025:
I. Basic Information (I) Work Experience, Professional Background, and Concurrent Positions My name is Wang Hailing, with a bachelor's degree. Born in April 1969, I hold a master's degree and am a professor. In November 2006, I graduated with a Master of Business Administration (International Logistics Strategic Planning and Design) from the National School of Science and Arts, France; from November 2006 to July 2017, I served as the Director of the Logistics Engineering Department at the School of Science and Technology, Xinjiang University; from 2017 to present, I have been the leader of the Logistics Discipline at the School of Economics and Management, Xinjiang University. I have led nearly 40 research projects with a budget of 6 million RMB, primarily engaged in strategic planning and risk research for multinational logistics companies. From May 2018 to June 2025, I served as an independent director of the Fourth and Fifth Boards of Directors of the Company. Since June 2025, I have served as a director of the Sixth Board of Directors. I meet the qualification requirements for independent directors of listed companies as stipulated by relevant laws, regulations, and regulatory rules, and have been filed and reviewed by the Shenzhen Stock Exchange.
(II) No Circumstances Affecting Independence I do not hold any positions in Tianshun Co., Ltd. other than independent director. I have no direct or indirect interest relationship with Tianshun Co., Ltd. or its major shareholders, nor any other relationship that may affect my independent and objective judgment. I perform my duties independently and am not influenced by Tianshun Co., Ltd. or its major shareholders. In 2025, I conducted a self-assessment of my independence and confirmed that I meet all applicable regulatory requirements for serving as an independent director of Tianshun Co., Ltd. I submitted the self-assessment results to the Board of Directors. The Board of Directors evaluated my independence and found no circumstances that would affect my performance as an independent director.
The circumstances suggest that I meet the independence requirements for serving as an independent director.
II. Annual Performance Review (I) Meeting Attendance I have devoted sufficient time to fulfilling my duties. In 2025, I strived to attend all board and special committee meetings in person, participating in board decision-making and expressing clear opinions on the matters discussed. I did not fail to attend in person for two consecutive meetings, nor did I entrust other independent directors to attend on my behalf.
- Attendance at Board and Shareholder Meetings During my term as an independent director in 2025, the Company held 3 board meetings and 2 shareholder meetings, all of which I attended in person. I believe that the convening and holding of the Company's board and shareholder meetings, as well as major business decisions and other significant matters, complied with legal procedures and were legal and effective. I voted in favor of all proposals reviewed at the board meetings during the reporting period, with no opposing or abstaining votes.