Independent Director's 2025 Annual Work Report
I, Luo Baijun, serve as the Independent Director of Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "the Company"). As an Independent Director, I strictly adhere to the provisions of the Company Law, Securities Law, Management Measures for Independent Directors of Listed Companies, and the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for the standardized operation of GEM-listed companies, as well as the Company’s Articles of Association and Independent Director Work System. I have maintained the independence and professional ethics required of an Independent Director, diligently and faithfully fulfilling my responsibilities, exercising my rights in compliance with the law, and effectively safeguarding the overall interests of the Company and the legitimate rights and interests of all shareholders. Below is my report on the performance of my duties as an Independent Director for 2025:
I. Basic Information
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Work Experience, Professional Background, and Concurrent Positions of the Independent Director
- Luo Baijun: Born in September 1963, Chinese nationality, no permanent residency abroad, Master's degree, Certified Public Accountant. Previously served as the Deputy Dean of the Business School at Zhejiang Wanli University, Dean of the Logistics and E-commerce School, and Independent Director of Ningbo Peacebird Fashion Co., Ltd. Currently serves as Independent Director of Ningbo Dongli Co., Ltd., Independent Director of Haitian International Holdings Limited (Hong Kong-listed H shares), and Independent Director of Guangbo Group Co., Ltd. Since November 2024, I have served as the Independent Director, Chairman of the Audit Committee, member of the Nomination Committee, and member of the Compensation and Assessment Committee of the Company.
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Independence Status
- As the Independent Director of the Company, I possess the independence required by the Management Measures for Independent Directors of Listed Companies, the Company’s Articles of Association, and the Independent Director Work System. I conducted a self-assessment of my independence and submitted the results to the Company’s Board of Directors. I do not hold any position in the Company other than that of Independent Director, nor do I hold any position in the Company’s major shareholders. My immediate relatives and significant social connections do not hold positions in the Company or its affiliates, and I do not hold any shares in the Company. I have not provided financial, legal, or consulting services to the Company or its subsidiaries, and there are no circumstances affecting my independence as an Independent Director. The Board of Directors evaluated my independence and found no issues that could affect my ability to make independent and objective judgments, confirming that I meet the relevant requirements for independence as stipulated in the Management Measures for Independent Directors of Listed Companies and other related laws and regulations.
II. Performance of Duties in 2025
- Attendance at Board and Shareholder Meetings
- During my tenure in 2025, the Company held 8 board meetings. I actively participated in the meetings, diligently reviewing the agenda and related materials, engaging in discussions, and providing reasonable suggestions, thereby contributing positively to the Board's sound and scientific decision-making. The convening of the Board meetings complied with legal procedures, and all major operational decisions and other significant matters followed the relevant approval processes. My attendance at the meetings is as follows:
| Meeting Type | Total Meetings Required | In-Person Attendance | Attendance via Communication | Proxy Attendance | Absences | Attendance at Shareholder Meetings |
|---|---|---|---|---|---|---|
| Board Meetings | 8 | 2 | 6 | 0 | 0 | 3 |
- I voted in favor of all proposals reviewed at the Company’s board meetings and did not authorize other Independent Directors to attend meetings on my behalf, nor did I raise any objections to any matters.