2025 Annual Report of Independent Director
Dear shareholders and representatives:
As the independent director of Suzhou Xianglou New Materials Co., Ltd. (hereinafter referred to as "the Company") for the third board of directors, I, Yang Chunfu, have diligently fulfilled my responsibilities in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Articles of Association of Suzhou Xianglou New Materials Co., Ltd., the Rules of Procedure for Board Meetings, and the Independent Director Work System. I have actively attended relevant meetings, reviewed matters presented to the board, exercised my independent role, safeguarded the overall interests of the Company, and protected the legitimate rights and interests of the Company and all shareholders. Due to the expiration of my term, I officially resigned after the election of a new independent director at the second extraordinary general meeting of shareholders held on September 12, 2025, and will no longer hold any position in the Company. Below is a summary of my performance during my term from January 1, 2025, to September 12, 2025:
1. Basic Information of the Independent Director
I, Yang Chunfu, male, PhD. From July 1992 to October 2016, I served as a lecturer, associate professor, and professor at the Law School of Nanjing University; from April 2005 to April 2014, I concurrently served as the deputy dean of the Law School of Nanjing University; from October 1992 to April 2014, I worked as a lawyer at Nanjing Zhongshan Law Firm, Jiangsu Tianhao Law Firm, and Jintiancheng (Nanjing) Law Firm; from October 2016 to April 2020, I was the dean, professor, and doctoral supervisor at the Law School of Hohai University; since May 2020, I have been a professor and doctoral supervisor at the Law School of Southeast University; from July 2012 to October 2014, I served as a director of Jiangsu Lianzhong Publishing Media Group Co., Ltd.; from September 2013 to December 2019, I served at Nanjing Xinjiekou Department Store Co., Ltd.; from April 2015 to December 2020, I was an independent director of Jiangsu Kairun Building Materials Co., Ltd.; from March 2016 to March 2022, I was an independent director of Jiangsu Runhe Software Co., Ltd.; from October 2016 to October 2022, I was an independent director of Jiangsu Dena Chemical Co., Ltd.; since July 2021, I have been an independent director of Nanjing Kent Composite Materials Co., Ltd.; since February 2022, I have been an independent director of Shen Su Technology (Suzhou) Co., Ltd.; since March 2023, I have been an independent director of Jiangsu Sanxin Special Metal Materials Co., Ltd.; and from July 2020 to September 2025, I served as the independent director of the Company. I have not held any position in the Company other than that of independent director, nor have I held any position in the major shareholder's company. There are no relationships that hinder my ability to make independent and objective judgments, and I meet the independence requirements as stipulated in the relevant laws, regulations, and normative documents regarding independent directors.
2. Annual Performance of the Independent Director
(1) Attendance at Board and Shareholder Meetings
During my term in 2025, the Company held 5 board meetings and 3 shareholder meetings. I was required to attend all 5 board meetings and 3 shareholder meetings, and I personally attended all of them without any proxy attendance or absence. I approached each meeting with caution, carefully reviewing the proposals submitted at each board and shareholder meeting, and based on this, I voted without raising any objections or abstentions.