Independent Director's 2025 Annual Work Report (Li Bo)
Dear Directors,
In 2025, I, as the independent director of AVIC Chengfei Group Co., Ltd. (hereinafter referred to as "the Company"), 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. Below is my report on the performance in 2025:
I. Basic Information of the Independent Director
(1) Personal Work Experience, Professional Background, and Concurrent Positions
I am Li Bo, male, a Chinese national without permanent residency abroad, born in 1975, holding a doctoral degree, and serving as the Vice Dean of the School of Aerospace at the University of Electronic Science and Technology of China. I am a council member of the Chinese Society of Aviation Education and a member of the Standardization Expert Committee of the National Technical Standard Innovation Base. I have served as a lecturer, associate professor, and professor at the School of Aerospace, and as Vice Dean. I obtained the independent director training certificate from the Shenzhen Stock Exchange in December 2024 and have been serving as an independent director of the Company 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 with shareholders holding more than 5% of the Company's shares, actual controllers, other directors, or senior management that could affect my independent and objective judgment.
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, reviewing and approving 95 proposals. The Company also held 4 shareholder meetings, with my attendance at 3, where 38 proposals were approved. My attendance record is as follows:
| Meeting Type | Required Attendance | In-Person Attendance | Attendance by Communication | Proxy Attendance | Absences | Consecutive Absences | Attendance at Shareholder Meetings |
|---|---|---|---|---|---|---|---|
| Board Meetings | 8 | 3 | 5 | 0 | 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. All proposals did not harm 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 abstentions.
(2) Attendance at Board Committees
The Company's board has four specialized committees: the Strategy and Investment Committee, the Nomination Committee, the Compensation and Assessment Committee, and the Audit Committee. I serve as a member of the Audit Committee and the Nomination Committee. My attendance at committee meetings during my term in 2025 is as follows: