Independent Director Wang Zhuquan's 2024 Annual Work Report

Independent Director Wang Zhuquan's 2024 Annual Work Report

Dear shareholders and shareholder representatives:

As the independent director of Qingdao Zhongzi Zhongcheng Group Co., Ltd. (hereinafter referred to as "the Company"), I have strictly fulfilled my responsibilities in 2024 in accordance with the requirements of the Company Law, the Shenzhen Stock Exchange Growth Enterprise Market Listing Rules, the Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standard Operation of Growth Enterprise Market Listed Companies, the Management Measures for Independent Directors of Listed Companies, and the Company’s Articles of Association. I have diligently maintained the legitimate rights and interests of shareholders, especially minority shareholders, and safeguarded the overall interests of the Company. Below is my report on the performance of my duties in 2024:

I. Basic Information of the Independent Director

Wang Zhuquan: Male, born in 1965, Chinese nationality, no permanent residency abroad, Ph.D. in Management (Accounting). Formerly served as the Deputy Dean and Department Head of the School of Management at Ocean University of China, and a professor at Qingdao University of Technology. Currently, I am a professor and doctoral supervisor at Ocean University of China and serve as an independent director of Yantai Changyu Pioneer Wine Co., Ltd. I do not hold any shares in the Company and have no relationships with other shareholders holding more than 5% of the Company’s shares, actual controllers, directors, supervisors, or senior management. I do not fall under the circumstances specified in Articles 3.2.3 and 3.2.4 of the Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standard Operation of Growth Enterprise Market Listed Companies; I have not been penalized by the China Securities Regulatory Commission or other relevant departments, nor have I been subject to sanctions by the stock exchange, and I am not a person subject to enforcement for dishonesty. I meet the qualifications and independence requirements stipulated by the Shenzhen Stock Exchange Growth Enterprise Market Listing Rules, the Management Measures for Independent Directors of Listed Companies, and other relevant laws, regulations, and rules. During the reporting period, my position met the independence requirements specified in Article 6 of the Management Measures for Independent Directors of Listed Companies, and there were no circumstances affecting my independence. As an independent director of the Company, I do not hold any positions other than being a member of the board's specialized committees, and I have no relationships with the Company or its major shareholders that could hinder my ability to make independent and objective judgments. I have independently performed my duties without being influenced by the Company’s major shareholders, actual controllers, or other organizations or individuals with interests in the Company.

II. Overview of Annual Performance as Independent Director

(1) Attendance at Board and Shareholder Meetings

In 2024, the Company held 6 board meetings and 2 shareholder meetings, all of which I attended in person without delegation, and there were no instances of failing to attend meetings consecutively.

Before the board meetings, I conducted thorough investigations and gathered necessary information through various means to fully understand the agenda items and prepare for board decisions. During the meetings, I carefully reviewed each agenda item, actively participated in discussions, and provided suggestions. I paid attention to significant risks such as information disclosure violations, overseas mineral control risks, related party transaction risks, and going concern risks, effectively fulfilling my professional and independent role, and expressed independent opinions on relevant matters as required. During the reporting period, I did not raise any objections to the board's agenda items or other matters.