2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Hangzhou Heshun Technology Co., Ltd. strictly adhered to the requirements of the Company Law, Securities Law, and the Shenzhen Stock Exchange's self-regulatory guidelines for listed companies, while considering the company's actual situation. The Board acted responsibly towards all shareholders, focusing on the company's strategic development plan, diligently fulfilling its duties, and effectively implementing the resolutions of the shareholders' meeting to promote the healthy and rapid development of the company. The following is a report on the Board's work in 2025:
I. Overall Business Situation During the Reporting Period
In 2025, the polyester film industry stabilized after hitting bottom, with policies against internal competition introduced, capacity released, and industrial chain restructuring occurring, although challenges remain. The company adheres to a "differentiation and functionality" strategy, focusing on technological innovation, high value-added products, market expansion, and risk control. The company steadily advanced its high-performance carbon fiber project, achieving breakthroughs in its layout and accumulating momentum for high-quality development.
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Matrix Leap: Building a Product Competitiveness System Driven by "Differentiation + Functionality" Leveraging polymer technology, the company focuses on high-end films and other high value-added new products around consumer electronics and new energy scenarios, improving the R&D closed loop and iterating the product matrix.
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Innovation-Driven: Constructing a Deeply Integrated R&D System Increased R&D investment and deepened industry-academia-research cooperation led to breakthroughs in multiple core film technologies, with over 60 patents, helping a subsidiary achieve national-level recognition as a "Little Giant" specializing in innovation.
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Lean Manufacturing: Forging Core Competitiveness in Flexible Production Utilizing intelligent flexible production lines for full-process digital control improved delivery efficiency; the trial run of high-performance carbon fiber exceeded expectations, laying the foundation for the commercialization of new businesses.
II. Board of Directors Work Situation During the Reporting Period
The fourth Board of Directors consists of 7 members, including 3 independent directors. The Board has established an Audit Committee, a Remuneration and Assessment Committee, a Strategy Committee, and a Nomination Committee. The composition of the Board complies with relevant laws, regulations, and normative documents. The company timely revised its internal governance documents, ensuring the completeness of internal governance.
- Board Meeting Situation in 2025 A total of six meetings were held in 2025, all conducted in accordance with procedures and regulations, with all resolutions being legal and effective. The specific details of the meetings are as follows: