Independent Director's Work Report for 2025
Dear shareholders and representatives:
I, Liu Liangxian, as the independent director of Guangdong Xianglu Tungsten Industry Co., Ltd. (hereinafter referred to as "the Company"), have diligently fulfilled my responsibilities in 2025 in strict accordance with the Company Law, the Management Measures for Independent Directors of Listed Companies, the Corporate Governance Guidelines for Listed Companies, and other relevant laws, regulations, and the Company’s Articles of Association. I have actively attended relevant meetings, carefully reviewed various proposals from the board of directors, and effectively played the role of independent director and committee member, thereby safeguarding the interests of the Company and all shareholders. Below is my report on the performance of my duties as an independent director for 2025:
I. Basic Information
I, Liu Liangxian, male, born in March 1962, of Chinese nationality, without permanent residency abroad, with a secondary vocational education and a senior engineer qualification. Since 1997, I have been engaged in enterprise management, having served as the deputy manager of the Hukun Tungsten Mine, director of the Beijing Office of Jiangxi Rare Metals Tungsten Industry Holding Group Co., Ltd., vice president and secretary-general of the China Tungsten Association, editor-in-chief/publisher of "China Tungsten Industry," and deputy director of the Policy Research Office of Jiangxi Tungsten Industry Holding Group Co., Ltd.
II. Overview of Independent Director's Annual Duties
(A) Attendance at Board and Shareholder Meetings
In 2025, the Company held 6 board meetings and 4 shareholder meetings, with my attendance as follows:
| Meeting Type | Total Meetings | In-Person Attendance | Attendance by Communication | Proxy Attendance | Absences | Consecutive Absences | Shareholder Meeting Attendance |
|---|---|---|---|---|---|---|---|
| Board | 6 | 3 | 3 | 0 | 0 | No | 4 |
I believe that the convening and holding of the board and shareholder meetings in 2025 complied with legal requirements, and the decision-making procedures for significant operational matters were legally effective, with independent directors providing professional and independent opinions and suggestions. After careful review of all proposals during the reporting period, I voted in favor without raising any objections.