Shenzhen Inovance Technology Co., Ltd. 2025 Annual Independent Director Performance Report
I, Chen Qunbai, as an independent director of Shenzhen Inovance Technology Co., Ltd. (hereinafter referred to as the "Company"), appointed at the second extraordinary general meeting of shareholders held on September 11, 2025, and in accordance with the "Company Law of the People's Republic of China," the "Administrative Measures for Independent Directors of Listed Companies," the "Shenzhen Stock Exchange Main Board Listed Company Normative Operation Guide No. 1," and other relevant laws and regulations, as well as the "Articles of Association" and the "Work System for Independent Directors," have diligently, conscientiously, and faithfully performed my duties during the period from September 11, 2025, to December 31, 2025. I actively attended relevant meetings, carefully reviewed all proposals submitted to the Board of Directors and its special committees, expressed independent opinions on matters concerning the Company, and actively offered advice and suggestions for the Company's development, thereby fully leveraging my role as an independent director and member of the special committees to effectively protect the interests of the Company and its shareholders, especially small and medium shareholders. The following is a report on my performance during my term of office from September 11, 2025, to December 31, 2025:
I. Basic Information of Independent Director
(I) Basic Information Mr. Chen Qunbai, born in 1986, is a Chinese national with no permanent overseas residency. He holds a Master's degree and has previously worked at Allianz Netherlands Group (Amsterdam Headquarters) and MS Amlin (a subsidiary of Mitsui Sumitomo in the UK). He currently serves as the Executive Director of Hangzhou Friend Insurance Technology Co., Ltd., Executive Director of Suzhou Friend Insurance Technology Co., Ltd., Executive Director of Nanjing Moyi Technology Co., Ltd., Executive Director of Shenzhen Quanbao Technology Co., Ltd., Executive Director of Suzhou Puluo Sige Technology Co., Ltd., President and Chief Actuary of Beijing Friend Insurance Technology Co., Ltd., and an Independent Director of the Company.
(II) Explanation of Circumstances Affecting Independence During the reporting period, I have complied with the requirements for the independence of independent directors stipulated in the "Company Law," the "Code of Corporate Governance for Listed Companies," the "Administrative Measures for Independent Directors of Listed Companies," and the "Articles of Association." There are no circumstances that affect my independence.
II. Attendance at Company Meetings
(I) Attendance at Board of Directors and Shareholders' Meetings During my term of office in 2025, the Company held 2 Board of Directors meetings and 0 shareholders' meetings. I personally attended all relevant meetings, having sufficient time and energy to effectively perform my duties, and there were no instances of absence, entrusting others to attend, or failing to attend personally for two consecutive meetings. The following is a summary of my attendance at Board of Directors and shareholders' meetings in 2025:
| Independent Director Name | Number of Board Meetings Attended in Reporting Period | Number of Board Meetings Attended in Person | Number of Board Meetings Attended Remotely | Number of Board Meetings Attended by Proxy | Number of Board Meetings Missed | Whether Attended Two Consecutive Board Meetings in Person | Number of Shareholders' Meetings Attended |
|---|---|---|---|---|---|---|---|
| Chen Qunbai | 2 | 1 | 1 | 0 | 0 | No | 0 |