Suzhou C&T Solar Co., Ltd.
To All Shareholders and Shareholder Representatives:
2025 Annual Report of Independent Director (Yu Xuegong)
As an independent director of Suzhou C&T Solar Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the Company Law of the People's Republic of China, the Management Measures for Independent Directors of Listed Companies, the Listing Rules of the Shenzhen Stock Exchange ChiNext Market, the Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Norms for the Operation of Listed Companies on the ChiNext Market, and the Company's Articles of Association, and other relevant laws, regulations, and regulatory documents, I have diligently performed my duties, conscientiously fulfilled my responsibilities as an independent director, carefully reviewed all proposals submitted to the board of directors, expressed opinions independently, objectively, and prudently, and strived to leverage the role of independent directors in corporate governance for supervision and consultation, effectively safeguarding the overall interests of the Company and the legitimate rights and interests of all shareholders, especially small and medium shareholders.
Herein is my report on the performance of my duties in 2025:
I. Personal Information
I, Yu Xuegong, born in 1978, hold a doctoral degree and have completed postdoctoral research. I am a director of the China Photovoltaic Industry Association, a member of the Semiconductor Materials Committee of the Chinese Society for Metals, and a member of the Photovoltaic Professional Committee of the China Renewable Energy Society. From November 2007 to February 2009, I served as an assistant researcher at North Carolina State University. From February 2009 to December 2016, I was an associate professor at Zhejiang University. From December 2016 to the present, I have been a professor at Zhejiang University. Since March 2023, I have served as an independent director of this Company.
As an independent director, I possess relevant professional qualifications and have accumulated rich theoretical knowledge and practical experience in the photovoltaic industry, meeting the qualification requirements and conditions stipulated by relevant regulatory policies. My appointment complies with the independence requirements stipulated in Article 6 of the Management Measures for Independent Directors of Listed Companies, and there are no circumstances that affect my independence.
II. 2025 Performance Overview
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company convened 10 board meetings and 3 shareholder meetings. I diligently attended all meetings in accordance with relevant laws and regulations, and there were no instances of absence. The details are as follows:
| Attendance | Attended in Person | Entrusted Attendance | Number of Absences | Number of Consecutive Unattended Meetings | Number of Meetings Convened | Number of Meetings Attended |
|---|---|---|---|---|---|---|
| 10 | 10 | 0 | 0 | Not Applicable | 3 | 3 |
The convening and holding of the Company's board and shareholder meetings complied with legal and procedural requirements. Major matters underwent lawful and effective approval procedures, and the resolutions of the meetings were in line with the overall interests of the Company, without infringing upon the legitimate rights and interests of all shareholders, especially small and medium shareholders. I exercised my voting rights with a cautious and responsible attitude, voting in favor of all proposals, and did not raise any objections or abstain.
(II) Participation in Board Committee Work
In 2025, the Strategy and Sustainable Development Committee of the Fifth Board of Directors convened 1 meeting. As a member of the Strategy and Sustainable Development Committee of the Fifth Board of Directors, I actively participated in the meeting, reviewing the Company's 2024 ESG Report and the renaming of the Board Strategy Committee and the revision of its meeting rules. I conscientiously performed my duties, contributing to the standardized operation of the committee's work and the Company's long-term strategic development.