To all shareholders and shareholder representatives:
Jiangsu Tuonan Alloy Co., Ltd. 2025 Annual Report of Independent Director (Li Weiqun)
As an independent director of Jiangsu Tuonan Alloy Co., Ltd. (hereinafter referred to as the "Company"), in my work during 2025, I strictly followed the requirements of laws and regulations such as the "Company Law," "Securities Law," "Administrative Measures for Independent Directors of Listed Companies" (hereinafter referred to as the "Measures"), the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for GEM Listed Companies," the "Guidelines for Independent Directors' Performance," and other relevant laws, regulations, normative documents, and the "Company Articles of Association" and the "Independent Director System." I conscientiously performed my duties, fully exercised the decision-making, supervision, and consulting functions of an independent director, and protected the legitimate rights and interests of all shareholders, especially small and medium shareholders. The report on my performance in 2025 is as follows:
I. Basic Information of Independent Director
I, Li Weiqun, born in 1963, am a Chinese national with no permanent overseas residency. I hold a Ph.D. in Law and completed postdoctoral research in law at East China University of Political Science and Law, where I am a professor and doctoral supervisor. From September 1986 to May 1992, I served as a legal advisor in the legal advisory office of Hudong Shipyard. From April 2004 to June 2010, I served as a lecturer and associate professor in the School of Economic Law at East China University of Political Science and Law. From October 2004 to December 2024, I served as the Director of the Center for Japanese Law Studies at East China University of Political Science and Law. From July 2010 to October 2025, I served as a professor in the School of Economic Law at East China University of Political Science and Law. From December 2011 to October 2025, I served as the Director of the Institute of Insurance Law at East China University of Political Science and Law. I am currently also a part-time lawyer at Beijing Haotian (Shanghai) Law Firm, a director at Rui Zai Bao Chuang Management Consulting (Shanghai) Co., Ltd., an independent director of Shanghai Yika Gas Co., Ltd., an independent director of China Merchants Renhe Life Insurance Co., Ltd., an arbitrator at the Shanghai Arbitration Commission, and the Director and Vice Chairman of the Legal Committee of the Shanghai Insurance Society. I have served as an independent director of the Company since January 2024.
In 2025, as an independent director of the Company, I meet the requirements of the "Measures" and other laws, regulations, and normative documents regarding the independence of independent directors, and there are no circumstances that affect my independence.
II. Overview of Independent Director's Performance in 2025
(I) Attendance at Board and Shareholder Meetings
In 2025, the Company held 3 board meetings and 2 shareholder meetings. My attendance is as follows:
| Director Name | Number of Board Meetings Attended | Number of Board Meetings Attended On-site | Number of Board Meetings Attended Via Teleconference | Number of Board Meetings Entrusted | Number of Board Meetings Absent | Whether Consecutive Two Board Meetings Were Not Attended in Person | Number of Shareholder Meetings Attended |
|---|---|---|---|---|---|---|---|
| Li Weiqun | 3 | 3 | 0 | 0 | 0 | No | 2 |