Independent Director's 2025 Annual Work Report (Zhu Chafen)

Independent Director's Basic Information

I, Zhu Chafen, born in April 1980, hold Chinese nationality and do not have permanent residency abroad. I obtained a Ph.D. in Accounting from Shanghai University of Finance and Economics and am a non-practicing member of the Chinese Institute of Certified Public Accountants. Since 2009, I have served at the School of Management, Zhejiang University, as an assistant researcher and associate professor. I have been an independent director of the company since November 2020, and I have also served as an independent director for several other companies. As an independent director, I do not hold any other positions within the company and have no direct or indirect interests that could affect my independent judgment. In 2025, I conducted a self-assessment of my independence and confirmed compliance with regulatory requirements, which was submitted to the board. The board evaluated my independence and found no issues affecting my ability to make independent judgments.

Attendance at Company Meetings

In 2025, the company held 11 board meetings and 4 shareholder meetings. My attendance record is as follows:

I strictly adhered to the relevant laws, regulations, and the company's rules, diligently fulfilling my responsibilities. I actively participated in all meetings, reviewed proposals, and contributed to discussions. I monitored the company's operational status and internal controls, providing independent and objective opinions on significant operational decisions, thereby supporting the board's effective decision-making.

Attendance at Independent Director Meetings

During 2025, the company held 2 independent director meetings, where I reviewed and approved the following proposals: