Independent Director's Annual Work Report for 2025
Ye Zhongming
Dear Directors:
In 2025, as the independent director of AVIC Chengfei Group Co., Ltd. (hereinafter referred to as "the Company"), I strictly adhered to the relevant laws and regulations, 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 Shenzhen Stock Exchange GEM Listing Rules, as well as the Company’s Articles of Association and the Independent Director Work System. I faithfully fulfilled my duties as an independent director, diligently attended relevant meetings, carefully reviewed various proposals from the board of directors, fully exercised the independence and professionalism of independent directors, and effectively safeguarded the overall interests of the Company and the legitimate rights and interests of all shareholders, especially minority shareholders. The report on my performance in 2025 is as follows:
I. Basic Information of the Independent Director
(1) Personal Work Experience, Professional Background, and Concurrent Positions
I, Ye Zhongming, male, of Chinese nationality, without permanent residency abroad, born in 1968, hold a master's degree and am a professor (second-level). I am currently a professor at Zhengzhou University of Aeronautics, the director of the Henan Provincial Audit Development Research Center (part-time), the vice president of the Henan Provincial Audit Society (part-time), and an independent director of Beijing Aeronautical Materials Research Institute Co., Ltd. (part-time). I obtained the independent director training certificate from the Shenzhen Stock Exchange in December 2024 and have served as the Company’s independent director since January 2025.
(2) Independence Statement
I do not hold any position in the Company other than that of a director and do not fall under any circumstances that would disqualify me from serving as a director as stipulated in the Articles of Association. I have never been penalized by the China Securities Regulatory Commission or other relevant departments, nor have I faced disciplinary actions from the stock exchange. I have no relationships that could affect my independent and objective judgment with shareholders holding more than 5% of the Company’s shares, actual controllers, or other directors and senior management.
II. Annual Performance of the Independent Director
(1) Attendance at Board and Shareholder Meetings
In 2025, the Company held a total of 10 board meetings, of which I attended 8 during my term, participating in all meetings and reviewing 95 proposals. The Company also held 4 shareholder meetings, of which I attended 3 during my term, participating in all meetings and reviewing 38 proposals. My attendance record is as follows:
| Meeting Type | Required Attendance | Actual Attendance | Attendance by Proxy | Absences | Consecutive Absences | Attendance at Shareholder Meetings |
|---|---|---|---|---|---|---|
| Board Meetings | 8 | 3 | 5 | 0 | No | 3 |
In 2025, the convening and holding of board and shareholder meetings complied with legal requirements, and the review procedures were lawful and compliant. None of the board proposals harmed the interests of the Company and all shareholders, especially minority shareholders, thus I voted in favor of all relevant proposals without raising any objections or abstaining.
(2) Attendance at Board Committee Meetings
The Company’s board has established four specialized committees: the Strategy and Investment Committee, the Nomination Committee, the Remuneration and Assessment Committee, and the Audit Committee. I serve as the chairman of the Audit Committee and the Remuneration and Assessment Committee. My attendance at committee meetings during my term in 2025 is as follows: