- Xinning Electric Co., Ltd. 2025 Annual Report of Independent Director (Peng Song)
Dear shareholders and shareholder representatives: As an independent director of Xinning Electric Co., Ltd. (hereinafter referred to as "the Company"), I have strictly adhered to the relevant laws, regulations, and internal control systems, including 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 the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange, among others, in 2025. I have exercised my powers independently, prudently, and effectively, fulfilling my duties faithfully and diligently, thereby safeguarding the legitimate rights and interests of the Company and all shareholders, especially minority shareholders. I hereby report on my performance in 2025 as follows:
I. Basic Information of the Independent Director
(1) Work Experience, Professional Background, and Concurrent Positions
Peng Song: Male, Chinese nationality, no permanent residency abroad. Born in July 1979, with a master's degree. From July 1999 to May 2003, served as an analyst at Zhuhai Securities Company; from May 2003 to March 2007, worked as a reporter in the News Department of Shenzhen Securities Times Co., Ltd.; from March 2007 to July 2011, served as Deputy Director of the Information Disclosure Center of Shenzhen Securities Times Media Co., Ltd.; from July 2011 to June 2015, was Director of the Public Opinion Center for Listed Companies at Shenzhen Securities Times Co., Ltd.; from June 2015 to September 2020, served as Deputy General Manager of Shenzhen Huai Xin Enterprise Investment Consulting Co., Ltd.; from October 2020 to present, serves as Executive Director and General Manager of Shenzhen Shixin Capital Management Co., Ltd.; currently serves as Executive Partner of Hangzhou Meiye Enterprise Management Partnership (Limited Partnership), Partner at Xiamen Zhuoshi Mingyu Private Fund Management Co., Ltd., Supervisor of Hangzhou Meishi Liquor Co., Ltd., Director of Tongling Qingyi Shike Technology Co., Ltd., Director of Tongling Yiduo Biotechnology Co., Ltd., and concurrently serves as independent director of Zhejiang Haizheng Biomaterials Co., Ltd. and Jinlongyu Group Co., Ltd.; has served as an independent director of the Company from August 2020 to February 2026.
(2) Independence Statement
During the reporting period, I conducted a self-assessment of my independence and confirmed that I meet all regulatory requirements for serving as an independent director. The board evaluated my independence and found no circumstances that could affect my independent and objective judgment, affirming that I maintained sufficient independence as an independent director.
II. Annual Performance of Independent Director
(1) Attendance at Shareholder and Board Meetings
I actively participated in all board and shareholder meetings held by the Company, diligently reviewing meeting proposals and related materials, engaging in discussions, and providing reasonable suggestions, thereby contributing positively to the board's correct and scientific decision-making. In 2025, the convening of the board and shareholder meetings complied with legal procedures, and all significant operational decisions and other major matters followed the relevant approval processes. My attendance at meetings is as follows:
| Independent Director Name | Attendance at Board Meetings | Attendance at Shareholder Meetings | Meetings Held During Tenure | Actual Attendance | Proxy Attendance | Absences |
|---|---|---|---|---|---|---|
| Peng Song | 6 | 3 | 6 | 6 | 0 | 0 |