2025 Annual Report of Independent Director
I, Wang Ning, as the independent director of Shenzhen Guanghetong Wireless Co., Ltd. (hereinafter referred to as "the Company"), have faithfully and diligently fulfilled my duties in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for Independent Directors of Listed Companies, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Articles of Association, and the Company's Independent Director Work System. I have independently and prudently exercised my powers to effectively safeguard the legitimate rights and interests of the Company and all shareholders, especially minority shareholders. The following is my report on the performance of my duties in 2025:
1. Statement of Independence
During my tenure as an independent director, I have not held any position in the Company other than that of independent director. I have no direct or indirect interests with the Company, its controlling shareholders, or actual controllers that could affect my independent and objective judgment. There are no circumstances affecting my independence as an independent director, and I comply with the relevant regulations on the independence of independent directors.
2. Annual Performance of Duties
(1) Attendance at Board and Shareholder Meetings
In 2025, the Company held 10 board meetings and 5 shareholder meetings. I personally attended all 10 board meetings and 4 shareholder meetings, with no instances of failing to attend two consecutive meetings. As an independent director, I attended the 11th to 20th meetings of the fourth board, maintaining sufficient communication with the Company's management and rigorously reviewing and voting on the proposals submitted to the board.
(2) Participation in Special Meetings for Independent Directors
During my tenure in 2025, I maintained sufficient communication with the management regarding matters reviewed by the board and gained a detailed understanding of the Company's operations. I participated in special meetings for independent directors to review the following matters as stipulated by the Management Measures for Independent Directors of Listed Companies:
- On April 17, 2025, I attended the second special meeting of the fourth board and expressed my agreement on the proposals regarding the confirmation of related party transactions for 2024 and the estimated related party transactions for 2025, the special explanation on the fund occupation by controlling shareholders and other related parties, and the proposals on director and senior management remuneration.
- On November 28, 2025, I attended the third special meeting of the fourth board and expressed my agreement on the proposal regarding foreign exchange hedging business.