To the Shareholders and Shareholder Representatives:
Jiangxi Jinli Permanent Magnet Technology Co., Ltd. 2025 Annual Report of Independent Director (Zhu Yuhua)
In 2025, as an independent director of the Fourth Board of Directors of Jiangxi Jinli Permanent Magnet Technology Co., Ltd. (hereinafter referred to as the "Company" or "Jinli Permanent Magnet"), I strictly followed the Company Law, Securities Law, Corporate Governance Guidelines for Listed Companies, and the Administrative Measures for Independent Directors of Listed Companies, as well as the Company's Articles of Association and the Work System for Independent Directors during my tenure. I conscientiously exercised my rights and performed my duties in accordance with the law, ensuring that I was not influenced by the Company's major shareholders, actual controllers, or any entities or individuals with related interests. I fully played the role of an independent director, supervised the Company's standardized operations, and protected the overall interests of shareholders.
Herein is a report on the performance of my duties as an independent director in 2025:
I. Basic Information of Independent Director
Zhu Yuhua, male, born in 1962, Chinese national. Master's degree in Metallurgy of Nonferrous Metals from Central South University. From 1988 to 2022, he served as Deputy Director, Director, Assistant Dean, and Associate Dean of the Standardization Center of the Research Institute of Nonferrous Metals Industry Economics and Technology. He previously served as Chairman of the National Standardization Technical Committee for Nonferrous Metals and is currently a member of the Standardization Expert Committee of China. Since June 2023, he has served as an independent director of Jinli Permanent Magnet.
I do not hold any positions in the Company other than that of an independent director, nor do I hold any positions in the companies of the Company's major shareholders. I have no relationship with the Company or its major shareholders that could hinder my independent and objective judgment, and I meet the requirements for independence of independent directors stipulated in the Administrative Measures for Independent Directors of Listed Companies and the Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 2 - Standardized Operation of Listed Companies on the ChiNext Market.
II. Overview of Independent Director's Performance in the Year
(I) Attendance at Board of Directors and Shareholders' Meetings in 2025
In 2025, the board of directors and shareholders' meetings convened by the Company complied with legal procedures. Major operating decisions and other significant matters underwent the relevant procedures and were legal and effective. Therefore, I did not raise any objections to any proposals of the Company's board of directors or other matters in 2025. The specific situation is as follows:
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In 2025, the Fourth Board of Directors held 8 meetings, with no absences or entrustments to other directors to attend meetings. After carefully reviewing the proposals of the meetings, I found no proposals that would harm the interests of the Company and all shareholders. Therefore, I voted in favor of all proposals reviewed by the board of directors, with no opposing or abstaining votes.
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In 2025, the Company held 3 shareholders' meetings. All proposals were deliberated and approved, and the proposals were submitted by the board of directors and the supervisory board, with no temporary proposals.
(II) Work of the Board of Directors' Special Committees
In 2025, I served as Chairman of the Remuneration and Assessment Committee, member of the Strategy Committee, and member of the Audit Committee of the Fourth Board of Directors. The special committees reviewed major matters such as the compensation of senior management, development strategies, and periodic reports in accordance with relevant requirements. After reaching a consensus, they submitted their opinions to the board of directors.