Independent Director's Work Report (Bao Lina)
As an independent director of Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as "the Company"), I have strictly adhered to the provisions of the Company Law, Securities Law, Rules for Independent Directors of Listed Companies, and the Shenzhen Stock Exchange's 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 diligently fulfilled my responsibilities, actively played the role of an independent director, and safeguarded the overall interests of the Company and the legitimate rights and interests of all shareholders, especially minority shareholders. Below is my report on the performance of my duties as an independent director in 2025:
I. Basic Information of the Independent Director
Bao Lina, female, born in February 1991, Chinese nationality, without permanent residency abroad, holds a doctoral degree. From January 2018 to December 2019, I was a postdoctoral researcher at the School of Management, Zhejiang University. Since January 2020, I have served as a doctoral supervisor and researcher under the "Hundred Talents Program" at Zhejiang University; I have been an independent director of the Company since July 2021. In 2025, I conducted a self-assessment of my independence and confirmed that I meet the independence requirements stipulated in applicable regulatory provisions for serving as an independent director, submitting the self-assessment to the board of directors. The board evaluated my independence and found no circumstances that could affect my independent and objective judgment, affirming my independence as an independent director.
II. Annual Performance of Duties
(1) Attendance at Board and Shareholder Meetings
In 2025, the Company held 2 shareholder meetings and 6 board meetings. My attendance record is as follows:
| Meeting Type | Total Meetings Held | Required Attendance | Actual Attendance | Proxy Attendance | Absences | Consecutive Absences |
|---|---|---|---|---|---|---|
| Board Meetings | 6 | 6 | 6 | 0 | 0 | No |
| Shareholder Meetings | 2 | 2 | 2 | 0 | 0 | No |
During the reporting period, I attended all board and shareholder meetings without any absences or consecutive non-attendance. I reviewed meeting materials carefully before meetings and communicated with the management as necessary to inquire about and provide suggestions on proposed resolutions, receiving timely feedback. I actively participated in board and shareholder meetings, thoroughly reviewed all board proposals, gained insights into the Company's operations and management, and maintained sufficient communication with the management team. Upholding the principles of independence, objectivity, and fairness, I provided reasonable suggestions for major decisions made by the board and exercised my voting rights with a rigorous attitude. I believe that the convening and holding of meetings were lawful and compliant, and all significant matters followed the relevant approval procedures, being lawful and effective. Based on a thorough understanding of the situation, I made objective decisions on all matters reviewed by the board, voting in favor after careful consideration, with no instances of dissent or abstention, nor any situations where I was unable to express my opinion.
(2) Attendance at Specialized Committee Meetings
As a member of the Audit Committee, Strategy Committee, Nomination Committee, and Compensation and Assessment Committee, I fully exercised my legal rights and obligations in accordance with laws, regulations, and the Company's Articles of Association and Independent Director Work Rules. In 2025, the following meetings were held:
| Committee | Total Meetings Held | My Attendance |
|---|---|---|
| Audit Committee | 6 | 6 |
| Compensation and Assessment Committee | 1 | 1 |
| Nomination Committee | 1 | 1 |
| Strategy Committee | 2 | 2 |
| Independent Director Specialized Meetings | 2 | 2 |