- Hunan YN New Energy Battery Materials Co., Ltd. 2025 Annual Report of Independent Director
Dear Shareholders:
As the independent director of Hunan YN New Energy Battery Materials Co., Ltd. (hereinafter referred to as "the Company"), I, Zhong Chaofan, have strictly adhered to the provisions and requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for Independent Directors of Listed Companies, and other relevant laws and regulations, as well as the Company’s Articles of Association and the Independent Director Work System. I have upheld the principles of objectivity, fairness, and independence, faithfully fulfilling my duties and obligations as an independent director, diligently providing objective, prudent, and fair opinions on significant matters of the Company, and safeguarding the legitimate rights and interests of the Company and all shareholders, especially minority shareholders. I hereby report on my performance as an independent director for the year 2025 as follows:
I. Basic Information
I, Zhong Chaofan, was born in 1963, hold Chinese nationality, and have a doctoral degree in Polymer Chemistry and Physics from Xiangtan University. I previously served as the manager of the Business Department and Human Resources Department at SANY Heavy Industry Co., Ltd. Currently, I am an independent director of the Company and a professor at Xiangtan University. During the reporting period, my position complies with the requirements regarding the independence of independent directors as stipulated in the Management Measures for Independent Directors of Listed Companies, the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange, and the Company’s Articles of Association, with no circumstances affecting my independence.
II. Annual Performance Overview
(A) Attendance at Board Meetings and Shareholder Meetings
In 2025, I actively participated in the board and shareholder meetings convened by the Company, carefully reviewed the materials submitted for the meetings, continuously understood the Company's production operations and business conditions, and actively participated in discussions. For matters reviewed by the board, I exercised my voting rights independently and with a scientific and prudent attitude, striving to be responsible to all shareholders. Except for proposals requiring abstention, I expressed my support for all board proposals after careful consideration, with no objections, dissent, or abstentions. During the reporting period, the Company held 8 board meetings and 3 shareholder meetings. My attendance at these meetings is as follows:
| Meeting Type | Total Meetings | Attended In-Person | Attended by Communication | Attended by Proxy | Absent | Consecutive Absences |
|---|---|---|---|---|---|---|
| Board | 8 | 6 | 0 | 0 | 2 | No |
| Shareholder | 3 | 2 | 0 | 0 | 1 | No |
(B) Attendance at Special Committee and Independent Director Meetings
- Attendance at Board Special Committees
During the reporting period, the Company held 3 meetings of the Compensation and Assessment Committee. As the chairperson of this committee, I convened and conducted the meetings in strict accordance with legal regulations, reviewing matters related to the compensation of directors and senior management, granting reserved restricted stocks to incentive objects, and the allocation of the equity incentive plan, effectively fulfilling my supervisory responsibilities. I became a member of the Audit Committee on November 26, 2025, and attended 1 meeting of the Audit Committee, carefully reviewing the proposal for the internal audit work plan and actively fulfilling my responsibilities as a committee member. I also became a member of the Nomination Committee on November 26, 2025, but no meetings of the Nomination Committee were held during my term.