Independent Directors’ Performance Report 2025
To all shareholders and shareholder representatives:
Kunlun Wanwei Technology Co., Ltd. Independent Director's Performance Report 2025
As an independent director of Kunlun Wanwei Technology Co., Ltd., in accordance with the "Company Law," "Securities Law," "Independent Director Rules for Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and the "Articles of Association," and the company's "Independent Director Work System," I have diligently fulfilled my duties in 2025, fully exercising the role of an independent director, free from the influence of the company's major shareholders, actual controllers, or other related parties, and safeguarding the legitimate rights and interests of minority shareholders.
Herein is my performance report for 2025:
I. Attendance at Board and Shareholder Meetings
In 2025, the company held seventeen board meetings and four shareholder meetings. I was scheduled to attend fifteen board meetings and attended all fifteen, with one in person and fourteen via communication; I was scheduled to attend three shareholder meetings and attended all three. During my tenure, I have fulfilled my fiduciary and diligence obligations as an independent director, always attending board meetings on time and diligently reviewing all proposals submitted by the board.
II. Attendance at Board Special Committees
The company's board has established the Audit Committee, the Remuneration and Nomination Committee, and the Nomination Committee. I serve as the Chairman of the Remuneration and Nomination Committee and a member of the Audit Committee.
- Work of the Remuneration and Nomination Committee
In 2025, the Board's Remuneration and Nomination Committee held 4 meetings. As the Chairman of the Remuneration and Nomination Committee, I attended all 4 meetings of the Remuneration and Nomination Committee. The specific matters reviewed are as follows:
| Member Information | Meeting Date | Meeting Content |
|---|---|---|
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 3, 2025 | Reviewed and approved the proposal on the "Draft of Kunlun Wanwei Technology Co., Ltd. <2025 Restricted Stock Incentive Plan> and its summary," the proposal on the "<2025 Restricted Stock Incentive Plan Implementation Assessment Management Measures>," and the "List of Incentive Recipients for Kunlun Wanwei Technology Co., Ltd.'s 2025 Restricted Stock Incentive Plan." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 21, 2025 | Reviewed and approved the proposal on "Granting Restricted Stocks to Incentive Recipients." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 25, 2025 | Reviewed and approved the proposal on the "2025 Director Remuneration Plan" and the "2025 Senior Management Remuneration Plan." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | May 13, 2025 | Reviewed and approved the proposal on "The Third Vesting Period of the 2022 Restricted Stock Incentive Plan." |
| Member Information | Meeting Date | Meeting Content |
|---|---|---|
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 3, 2025 | Reviewed and approved the proposal on the "2025 Restricted Stock Incentive Plan (Draft)" and its summary, the proposal on the "2025 Restricted Stock Incentive Plan Implementation Assessment Management Measures," and the "List of Incentive Recipients for Kunlun Wanwei Technology Co., Ltd.'s 2025 Restricted Stock Incentive Plan." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 21, 2025 | Reviewed and approved the proposal on "Granting Restricted Stocks to Incentive Recipients." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | April 25, 2025 | Reviewed and approved the proposal on the "2025 Director Remuneration Plan" and the "2025 Senior Management Remuneration Plan." |
| Li Donghong, Qian Shimou, Liu Xiaoyu | May 13, 2025 | Reviewed and approved the proposal on "The Third Vesting Period of the 2022 Restricted Stock Incentive Plan." |