2025 Annual Report of Independent Director (Wang Qunfeng)
Dear shareholders and shareholder representatives:
As the independent director of Wuxi Best Precision Machinery Co., Ltd. (hereinafter referred to as "the Company") and the chairman of the audit committee of the fourth board of directors, I have strictly adhered to the requirements of the Company Law of the People's Republic of China, the Management Measures for Independent Directors of Listed Companies, the Corporate Governance Guidelines for Listed Companies, and the Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies issued by the Shenzhen Stock Exchange, as well as the Articles of Association of Wuxi Best Precision Machinery Co., Ltd. and the working system for independent directors. I have faithfully, honestly, and diligently fulfilled my duties as an independent director.
I actively attended relevant meetings in 2025, carefully reviewed the proposals of the board of directors and the subordinate audit committee, and provided independent and objective opinions on related matters, positively contributing to the company's standardized governance and effectively safeguarding the overall interests of the company and the legitimate rights and interests of all shareholders, especially minority shareholders.
I hereby report on my performance as an independent director in 2025 as follows:
I. Basic Information
I, Wang Qunfeng, male, born in February 1968, Chinese nationality, without permanent residence abroad, hold a doctorate. I have previously served as the deputy director of the Wuxi Audit Bureau, deputy director of the Wuxi New District Audit Bureau, deputy director of the Wuxi New District Finance Bureau, director of the Investment Promotion Bureau of Wuxi New District, director of the Service Industry Investment Promotion Bureau of Wuxi New District, deputy director of the Wuxi Airport Industrial Park, and deputy director of Tianheng Accounting Firm (Special General Partnership) Wuxi Branch. I am currently the president of Jiangsu Pufin Group, a partner at Zhongtian Accounting Firm (Special General Partnership) Jiangsu Branch, and an independent director of the company.
During the reporting period, my position complies with the independence requirements stipulated in the Management Measures for Independent Directors of Listed Companies, and there are no circumstances affecting my independence.
II. Performance in 2025
(A) Attendance at Board Meetings
In 2025, the company held 4 board meetings, and I personally attended all 4 meetings, either in person or via communication, without any proxy attendance or absence. I actively participated in the board meetings, communicated with the management to understand the company's operations, carefully reviewed meeting documents, engaged in discussions on various proposals, and provided independent opinions, offering professional and reasonable suggestions while exercising my voting rights cautiously. I voted in favor of all proposals reviewed during the board meetings in 2025.
(B) Attendance at Shareholder Meetings
In 2025, the company held 3 shareholder meetings, and I attended all 3 meetings as an independent director.
(C) Participation in Special Committees and Independent Director Meetings
- Audit Committee
During my tenure in 2025, I served as the chairman of the audit committee of the fourth board of directors and presided over 7 audit committee meetings, reviewing proposals regarding the internal audit work report, the self-evaluation report on internal control for 2024, and the reappointment of the auditing firm for 2025. I summarized and analyzed the audit committee's work for 2024 and clarified the work plan for 2025. Additionally, by listening to quarterly reports from the internal audit department, I supervised the company's operational conditions, internal controls, related transactions, external guarantees, and financial status, thereby enhancing the company's standardized operation level. The specific situations are as follows: