New Hope Liuhe Co., Ltd.
2025 Annual Report of Independent Director (Lu Huabai)
As an independent director of New Hope Liuhe Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Company Law of the People's Republic of China," the "Administrative Measures for Independent Directors of Listed Companies," the "Articles of Association," and the Company's "Work System for Independent Directors," and other relevant laws, regulations, and rules, during my tenure in 2025, I have faithfully and diligently performed my duties, actively attended relevant meetings, carefully reviewed all proposals submitted to the Board of Directors, and fully exercised the role of an independent director to safeguard the overall interests of the Company and the legitimate rights and interests of all shareholders, especially small and medium shareholders. I hereby report on my performance in 2025 as follows:
I. Basic Information
(I) Work Experience, Professional Background, and Concurrent Positions
I, Lu Huabai, hold a Master of Professional Accounting from The Hong Kong Polytechnic University, am a practicing accountant in Hong Kong, a fellow member of the Hong Kong Institute of Certified Public Accountants, and a fellow member of CPA Australia and the Institute of Chartered Accountants in England and Wales. I previously served as President of CPA Australia's Greater China Division, a member of the Financial Reporting Review Panel of the Hong Kong Financial Reporting Council, a member of the Professional Services Advisory Committee of the Hong Kong Trade Development Council, a standing member of the Convocation of The University of Hong Kong, Chairman of the Accounting Training Board of the Vocational Training Council (VTC), and an honorary fellow of the Vocational Training Council. I am currently the Managing Partner of ShineWing (Hong Kong) CPA Limited, a member of the Board of Directors of ShineWing (Hong Kong) CPA Limited, Chairman of the Praxity Global Alliance Asia Pacific, a member of the Election Committee for the Accounting Sector of the Hong Kong Special Administrative Region, a member of the School Allocation Committee of the Education Bureau of the Hong Kong Special Administrative Region, Vice Chairman and Secretary-General of the Hong Kong Society of Listed Companies Auditors, a council member and honorary treasurer of the Hong Kong Association for the United Nations Educational, Scientific and Cultural Organization, an honorary advisor of Hong Kong Baptist University, a member of the 14th CPPCC National Committee of Shanghai, a member of the Advisory Committee for the School of Business and Hospitality Management of the Hong Kong Institute of Technology (THEi), and an external examiner for the Higher Diploma in Professional Accounting program at the Hong Kong Institute of Vocational Education.
During the reporting period, my position complies with the independence requirements stipulated in Article 6 of the "Administrative Measures for Independent Directors of Listed Companies," and there are no circumstances that affect my independence.
(II) Statement of Independence
During my tenure as an independent director of the Company in 2025, I have not held any positions in the Company other than director, nor have I held any positions in the principal shareholders of the Company. There are no direct or indirect relationships of interest between myself and the Company or its principal shareholders and actual controllers, nor are there any other circumstances that may hinder my independent and objective judgment.
As per my self-assessment, I continue to meet the independence requirements stipulated in the "Administrative Measures for Independent Directors of Listed Companies," the "Main Board Listed Company Governance Practice Guide No. 1" issued by the Shenzhen Stock Exchange, and the "Articles of Association."
II. Annual Performance Overview