The independent director system serves as a crucial component of the capital market's foundational framework and represents an essential element of listed companies' governance structure. Its core responsibility involves promoting standardized operations of listed companies through oversight and checks-and-balances, enhancing transparency and authenticity of information disclosure, protecting the interests of minority investors, and fostering healthy and stable development of capital markets.

During 2024, Guo Yongqing served as an independent director for Shanghai Electric Power Co.,Ltd., J-Yuan Trust Co.,Ltd., and New China Life Insurance Company Ltd., taking these positions on June 17, 2021, September 26, 2022, and December 2022, respectively. In 2024, Mr. Guo received compensation of 210,300 yuan, 250,000 yuan, and 320,000 yuan from these three companies respectively, totaling 780,300 yuan.

During his 2024 tenure, Shanghai Electric Power Co.,Ltd. held a total of 13 board meetings and 3 shareholder meetings. Mr. Guo personally attended all board meetings he was required to participate in and attended 2 shareholder meetings. Additionally, he voted in favor of all proposals reviewed by the company's board of directors, with no objections raised, and no instances of opposition or abstention.

During his 2024 tenure, J-Yuan Trust Co.,Ltd. held a total of 9 board meetings and 2 shareholder meetings, all of which Mr. Guo attended. Similarly, he voted in favor of all proposals reviewed by the company's board of directors, with no objections raised, and no instances of opposition or abstention.

During his 2024 tenure, New China Life Insurance Company Ltd. held a total of 14 board meetings and 3 shareholder meetings, all of which Mr. Guo attended. He consistently voted in favor of all proposals reviewed by the company's board of directors, with no objections raised, and no instances of opposition or abstention.

According to his professional background, Mr. Guo Yongqing holds Certified Public Accountant (CPA) qualification and obtained his doctorate in accounting theory from Shanghai University of Finance and Economics in 2002. Mr. Guo previously served as an independent director for Shanghai Haohai Biological Technology Co., Ltd., Sunshine City Group Co., Ltd., Tianjin Capital Environmental Protection Group Co., Ltd., and Chongqing Pharmaron Pharmaceutical Technology Co., Ltd.

He currently serves as a professor at Shanghai National Accounting Institute and concurrently holds positions as independent director for Shanghai Electric Power Co.,Ltd., J-Yuan Trust Co.,Ltd., New China Life Insurance Company Ltd., Fosun Tourism Group, and as a director for Jiaxing Bank Co., Ltd.