- Mars Chef Co., Ltd. 2025 Annual Report of Independent Director (Independent Director - Tang Li)
Dear shareholders and shareholder representatives: I, Tang Li, as the independent director of Mars Chef Co., Ltd. (hereinafter referred to as "the Company"), have actively attended relevant meetings during my term in 2025, reviewed meeting documents and proposals diligently, and fully exercised my role as an independent director to safeguard the overall interests of the Company and all shareholders, especially minority shareholders. I hereby report on my work in 2025 as follows:
I. Personal Information
(1) Personal Background, Professional Experience, and Concurrent Positions
I, Tang Li, born in 1981, hold Chinese nationality with no permanent residency abroad, and I have a bachelor's degree in law from Zhejiang Wanli University. I am employed at Zhejiang Haixiang Law Firm as a practicing lawyer and currently serve as an independent director on the Company's fourth board of directors.
(2) Independence Statement
I do not hold any position in the Company other than that of independent director and have no direct or indirect interests with the Company, its controlling shareholders, or actual controllers that could affect my independent and objective judgment. Therefore, I meet the requirements for independent directors and there are no circumstances affecting my independence, in accordance with the "Management Measures for Independent Directors of Listed Companies," "Company Articles," and "Independent Director Work System."
II. Performance Overview for 2025
(1) Meeting Attendance
In 2025, the Company held 9 board meetings and 2 shareholder meetings. I attended all 9 board meetings and both shareholder meetings. The attendance record is as follows:
| Independent Director Name | Board Meeting Attendance | Shareholder Meeting Attendance | Required Board Meetings | In-Person Attendance | Attendance by Communication | Attendance by Proxy | Absences | Consecutive Absences | Shareholder Meeting Attendance Count |
|---|---|---|---|---|---|---|---|---|---|
| Tang Li | 9 | 2 | 9 | 3 | 6 | 0 | 0 | No | 2 |
(2) Attendance at Special Committee Meetings
In 2025, I actively participated in various special committee meetings, including 5 audit committee meetings and 1 remuneration and assessment committee meeting. I utilized my professional knowledge and work experience to contribute, believing that the special committees diligently fulfilled their responsibilities, playing an important role in improving corporate governance and promoting the Company's sustainable development.
(1) As a member of the Company's audit committee, I strictly performed my duties according to relevant laws and regulations and company policies, actively participated in audit committee meetings, reviewed the Company's internal control systems, and supervised and verified the audit work, playing an important role in internal and external audits, internal controls, and financial information review and supervision.
(2) As the convener of the Company's remuneration and assessment committee, I developed remuneration plans and evaluation schemes for directors and senior management, supervised and reviewed their performance, and provided reasonable suggestions.
(3) Participation in Independent Director Special Meetings
During the reporting period, the Company held one independent director special meeting to review the proposed daily related party transaction limits for 2025. The independent directors fulfilled their responsibilities in accordance with the "Management Measures for Independent Directors of Listed Companies" and the Company's actual situation.