Suzhou Inovance Power Systems Co., Ltd.
Independent Director's 2025 Annual Performance Report
As an independent director of Suzhou Inovance Power Systems Co., Ltd. (hereinafter referred to as the "Company"), during the reporting period, I have strictly followed the relevant laws, regulations, and normative documents such as the "Company Law," "Securities Law," and "Administrative Measures for Independent Directors of Listed Companies," as well as the "Articles of Association" and the "Work System for Independent Directors." I have independently exercised my relevant powers, diligently performed my duties, supervised the standardized operation of the Company, protected the interests of the Company and shareholders, especially minority shareholders, actively participated in various company affairs, and fully played the role of an independent director.
Here is the report on my performance in 2025:
I. Basic Information of the Independent Director
Lu Yao, female, born in 1978, Chinese national, with no permanent residency abroad, holds a doctoral degree, and is a Yangtze River Scholar of the Ministry of Education. Since December 2009, she has been teaching in the Finance Department of the School of Economics and Management at Tsinghua University. She is currently a tenured professor in the Finance Department of the School of Economics and Management at Tsinghua University, an independent director of Beijing Defeng New Journey Technology Co., Ltd., an independent non-executive director of Topchoice International Technology Co., Ltd., and an independent director of the Company.
As an independent director of the Company, I do not hold any other positions in the Company besides that of an independent director, nor do I hold any positions in the main shareholder companies. In accordance with the "Administrative Measures for Independent Directors of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Standardized Operation of Listed Companies on the GEM," and other relevant regulations, I have self-inspected whether I meet the independence requirements during my tenure and submitted a self-inspection report to the Company's board of directors. Based on the self-inspection, my position meets the independence requirements for independent directors stipulated by relevant regulations, and there are no circumstances that affect my independence.
II. Overview of Independent Director's Annual Performance
(I) Attendance at Board of Directors and Shareholders' Meetings
In 2025, the Company held a total of 6 board of directors meetings and 2 shareholders' meetings. As an independent director, I personally attended all 6 board of directors meetings and 1 shareholders' meeting, and there were no instances of missing two consecutive board meetings.