To all shareholders and shareholder representatives:
I, Xue Chun, as an independent director of Xingchen Technology Co., Ltd. (hereinafter referred to as the "Company"), during my term of office in 2025, strictly adhered to the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Articles of Association," and the "Independent Director Work System" and other relevant regulations, faithfully performed my duties, fully exercised the role of an independent director, and safeguarded the legitimate rights and interests of the Company and all shareholders. The report on my performance in 2025 is as follows:
I. Basic Information of Independent Director
(I) Independent Director's Work Experience, Professional Background, and Concurrent Positions
Mr. Xue Chun, born in December 1974, Chinese national, with no permanent overseas residency, holds a Ph.D. in engineering from The University of Texas at Dallas. From July 1997 to May 2000, he served as a R&D Engineer at Bell Atlantic's R&D Department; from May 2000 to May 2003, he served as the Technical Lead of ENX/Varmarket's R&D Department; from July 2007 to January 2024, he worked at the City University of Hong Kong, serving successively as Assistant Professor, Associate Professor, and Professor in the Department of Computer Science; since January 2024, he has been working at MBZUAI University as a Professor; since June 2021, he has served as an independent director of the Company.
(II) Statement of Independence
In addition to serving as an independent director of the Company, neither I nor my spouse, parents, children, or other major social relations hold any positions in the Company or its affiliated enterprises, nor do they hold any positions in the Company's major shareholders. There are no conflicts of interest or other relationships that may hinder independent and objective judgment between me and the Company or its major shareholders, which meets the requirements for the independence of independent directors stipulated in the "Administrative Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of GEM Listed Companies."
II. Overview of Independent Director's Performance in 2025
(I) Attendance at Board of Directors and Shareholders' Meetings
In 2025, during my term of office, the Company held a total of 6 board meetings and 2 shareholders' meetings. I attended all the aforementioned meetings. In accordance with the "Company Law," "Articles of Association," "Rules of Procedure for Board of Directors Meetings," and the "Independent Director Work System" and other relevant regulations and requirements, I carefully reviewed the proposals and relevant materials deliberated at the meetings, maintained full communication with the Company's management, actively participated in the discussion of various issues and offered reasonable suggestions, playing a positive role in the correct decision-making of the board of directors.
In 2025, the convening and holding procedures of the aforementioned board meetings and shareholders' meetings of the Company complied with legal procedures. Major business decisions and other major matters were subject to the relevant approval procedures. During my term of office in 2025, I voted in favor of all proposals submitted to the Company's board of directors, with no dissenting opinions, objections, or abstentions.
In 2025, I attended 6 meetings of the Company's Audit Committee, 4 meetings of the Remuneration and Nomination Committee, 1 meeting of the Nomination Committee, 1 meeting of the Strategy Committee (renamed "Strategy and ESG Committee"), and 1 meeting of the Independent Directors' Special Committee. I voted in favor of all proposals discussed in the aforementioned meetings, with no dissenting opinions, objections, or abstentions, thereby conscientiously fulfilling my duties.
(II) Work of Special Committees of the Board of Directors and Independent Directors' Special Meetings