Independent Director's 2025 Annual Work Report (Guo Fei)
I, Guo Fei, as an independent director of Southern Power Grid Digital Research Institute Co., Ltd. (hereinafter referred to as "the Company"), have strictly adhered to the provisions of the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, and the Management Measures for Independent Directors of Listed Companies, as well as the Company's Articles of Association in 2025. I have consistently followed the principles of objectivity, fairness, and independence, diligently fulfilling my responsibilities and actively playing the role of an independent director to safeguard the overall interests of the Company and protect the legitimate rights and interests of all shareholders, especially minority shareholders. Below is a summary of my performance in 2025:
I. Basic Information
I, Guo Fei, hold a master's degree and a doctoral degree in accounting, business management, and financial management. Since September 2009, I have served as an associate professor and professor at Zhongnan University of Economics and Law. I am currently an independent director of Dongshi Automotive Technology Group Co., Ltd. (a non-listed company), Shenzhen Feisu Innovation Technology Co., Ltd., Hubei Fubang Technology Co., Ltd., and Suzhou Jufu Technology Co., Ltd. (a non-listed company). Since October 2023, I have been serving as an independent director of the Company. During the reporting period, my position met the independence requirements stipulated in 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 Operation of GEM Listed Companies, and there were no circumstances affecting my independence.
II. Performance in 2025
During the reporting period, I actively participated in the board and shareholder meetings of the Company. With a diligent attitude, I carefully reviewed the meeting proposals and related materials, actively participated in discussions of various proposals, and provided reasonable suggestions, playing a positive role in the scientific and rational decision-making of the board.
(1) Attendance at Shareholder Meetings
In 2025, the Company held a total of 5 shareholder meetings, all of which I attended.
(2) Attendance at Board Meetings
In 2025, the Company held a total of 12 board meetings, and my attendance was as follows:
| Required Attendance | In-person Attendance | Proxy Attendance | Absence | Remarks |
|---|---|---|---|---|
| 12 | 11 | 1 | 0 | - I voted in favor of all proposals reviewed at the board meetings I attended. - I did not raise any objections to any matters during the year. |
(3) Attendance at Board Committees
| Committee | Required Attendance | Actual Attendance |
|---|---|---|
| Audit and Risk Committee | 6 | 6 |
| Strategy and Investment Committee | 4 | 4 |
- As the chair of the Audit and Risk Committee, I presided over the committee's regular meetings, diligently fulfilling my responsibilities and legally reviewing the financial settlement report for 2024, the internal control risk compliance management report for 2024, the financial reports for the first half of 2025 and for January to September 2025, the internal control self-evaluation report, and significant related party transactions, effectively ensuring comprehensive oversight of the Company's business activities, internal controls, and risk management.
- As a member of the Strategy and Investment Committee, I attended the committee's regular meetings, reviewed the Company's budget plans and adjustments, studied the deepening group reform plan, and guided the preparation of the Company's initial public offering plan for ordinary shares and listing on the GEM, effectively fulfilling my responsibilities and obligations as a committee member.