2025 Annual Report of Independent Director - Cheng Ying

1. Xinning Electric Co., Ltd. 2025 Annual Report of Independent Director (Cheng Ying)
   Dear shareholders and 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 No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies. I have exercised my powers independently, prudently, and effectively, fulfilling my duties faithfully and diligently, while safeguarding the legitimate rights and interests of the Company and all shareholders, especially minority shareholders. I hereby report my performance for the year 2025 as follows:

1. Basic Information of the Independent Director

(1) Work Experience, Professional Background, and Concurrent Positions

Cheng Ying: Female, Chinese nationality, no permanent residency abroad. Born in July 1978, with a doctoral degree. Since July 2001, I have served as the Deputy Director of the Department of Financial Management at Hangzhou University of Electronic Science and Technology and as an associate professor. I have previously served as an independent director of Zhejiang Changsheng Sliding Bearing Co., Ltd. and currently hold concurrent positions as an independent director at Dayang Shijia (Zhejiang) Co., Ltd., Nanjing Guobo Electronics Co., Ltd., and Hesheng Silicon Industry Co., Ltd. I have 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 full independence as an independent director.

2. Annual Performance of the Independent Director

(1) Attendance at Shareholder and Board Meetings

I actively participated in all board and shareholder meetings convened by the Company, diligently reviewing meeting proposals and related materials, engaging in discussions, and providing reasonable suggestions to facilitate correct and scientific decision-making by the board. In 2025, the convening of 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:

I voted in favor of all proposals reviewed at the board meetings and did not raise any objections to any matters. I attended all board meetings on time without any absences or consecutive non-attendance.