2025 Annual Report of Independent Director (Reporter: Hong Yuan)
As an independent director of Zhongwei New Materials Co., Ltd. (hereinafter referred to as "the Company"), I, Hong Yuan, have fulfilled my responsibilities in accordance with the Company Law, Securities Law, and other relevant laws and regulations, as well as the Company’s Articles of Association and the Independent Director Work System. In 2025, I regularly monitored the Company's financial and operational status, diligently performed my duties, actively exercised the independence and professionalism of independent directors, and safeguarded the overall interests of the Company and the legitimate rights and interests of all shareholders, especially minority shareholders. The following is my report on my performance in 2025:
I. Basic Information of the Independent Director
I, Hong Yuan, male, born in November 1981, hold Chinese nationality and do not have permanent residency abroad. I obtained a Ph.D. in Economics from Zhongnan University of Economics and Law and completed a postdoctoral program in Applied Economics at the Chinese Academy of Fiscal Sciences. Since July 2008, I have served as a professor and doctoral supervisor at the School of Economics and Trade, Hunan University. I also hold positions as Vice President and Executive Director of the Hunan Provincial Finance Society, Deputy Secretary-General of the Hunan Agricultural Finance Research Association, Executive Director of the Hunan Provincial Taxation Association, and Budget Supervision Expert of the Hunan Provincial People's Congress. From August 2017 to September 2023, I served as an independent director of Yongqing Environmental Protection Co., Ltd. Since June 2024, I have been an independent director of Huatian Hotel Group Co., Ltd., and since October 2025, I have been an independent director of the Company. My tenure in 2025 meets the independence requirements stipulated in Article 6 of the Management Measures for Independent Directors of Listed Companies, and there are no circumstances affecting my independence.
II. Overview of Performance in 2025
(1) Attendance at Board and Shareholder Meetings
I assumed the role of independent director on October 15, 2025. I believe that during my tenure in 2025, the convening and holding procedures of the Company's board meetings complied with legal requirements, and major operational matters were decided through legitimate and effective decision-making processes, with independent directors providing professional and independent opinions and suggestions. I voted in favor of all proposals reviewed by the board during my tenure and did not raise any objections to board proposals or other Company matters. During my tenure (from October 15, 2025, to December 31, 2025), the Company held 2 board meetings, and my attendance is as follows:
| Name | Number of Board Meetings Held During Tenure | Continuous Absences | On-Site Attendance | Attendance by Communication | Proxy Attendance | Absences |
|---|---|---|---|---|---|---|
| Hong Yuan | 2 | 0 | 2 | 0 | 0 | No |
Attendance at Shareholder Meetings: 0
Pre-Meeting Approval and Independent Opinions:
| Date | Meeting | Pre-Approval Opinion and Independent Opinion | Opinion Type |
|---|---|---|---|
| October 29, 2025 | 39th Meeting of the Second Board | Independent Opinion on the "2025 Q3 Report" | Agree |