2025 Annual Report of Independent Director (Yu Shengfa)
I, Yu Shengfa, served as an independent director of Hualin Securities Co., Ltd. (hereinafter referred to as "the Company") from January 1, 2025, to June 24, 2025, and as the Chairman of the Audit and Related Party Transactions Committee. During my tenure, I strictly adhered to the relevant laws and regulations, including the Company Law, the Management Measures for Independent Directors of Listed Companies, and the Corporate Governance Guidelines, focusing on annual financial report audits, accounting verification, internal control supervision, and audit institution management. I prudently participated in the review and decision-making of various proposals, effectively safeguarding the overall interests of the Company and the legitimate rights and interests of all shareholders, especially minority shareholders. The Company provided adequate support for the independent director's duties, and no circumstances arose that hindered my independence. Below is my report on the performance of my duties in 2025:
I. Basic Information
I, Yu Shengfa, hold Chinese nationality, have no permanent residency abroad, was born in April 1964, hold a master's degree, and am a senior accountant with extensive experience in financial management, audit supervision, and risk control in financial institutions. I have served as an independent director of the Company from May 16, 2022, to June 24, 2025. According to the board's assessment, during my tenure in 2025, I did not hold any position in the Company other than as an independent director and a member of the board's specialized committees. I have no direct or indirect interests with the Company and its major shareholders or actual controllers that could affect my independent and objective judgment, complying with the requirements for independence set forth by the China Securities Regulatory Commission.
II. Annual Performance of Independent Director
(A) Meeting Attendance
- Attendance at Board and Shareholder Meetings From January 1 to June 24, 2025, I attended 4 board meetings and 2 shareholder meetings, all on time, with no absences or instances of failing to attend two consecutive meetings in person. I did not authorize other independent directors to attend on my behalf. Prior to the meetings, I thoroughly reviewed and prudently verified the proposal materials based on my accounting expertise; during the meetings, I independently expressed professional opinions and exercised my voting rights on financial handling, compliance, and risk points; after the meetings, I continuously tracked the implementation of resolutions to ensure the Company's operations and financial activities were legal, compliant, and prudent. Throughout my duties, I maintained independent judgment, unaffected by the Company's major shareholders or other interested parties, objectively exercising the powers of an independent director while adhering to principles of independence and objectivity. My specific attendance in 2025 is as follows:
| Independent Director Name | Attendance at Board Meetings | Required Attendance at Shareholder Meetings | Actual Attendance at Shareholder Meetings | Required Attendance at Board Meetings | On-site Attendance | Communication Attendance | Authorized Attendance | Absences | Consecutive Absences |
|---|---|---|---|---|---|---|---|---|---|
| Yu Shengfa | 4 | 2 | 2 | 0 | 0 | No | 2 | 2 | No |
In 2025, I had no objections to any proposals reviewed and approved by the board and voted "in favor" on all. The convening of the board meetings complied with legal procedures, and no infringement on the rights of the Company or minority shareholders was found.