Zheng Quan Zhi Xing·2025-03-28 11:05Core Viewpoint - The independent director of China Railway Construction Corporation Limited (CRCC) has reported on the performance of duties for the year 2024, emphasizing adherence to legal regulations and the importance of protecting the rights of minority shareholders [1][2]. Group 1: Personal Background and Independence - The independent director, Ma Chuanjing, has a PhD and extensive experience in various governmental and corporate roles, ensuring a strong foundation for independent oversight [2]. - The director has confirmed independence by adhering to relevant regulations and has submitted a declaration of independence [2]. Group 2: Annual Performance Overview - During the reporting period, the director attended 2 shareholder meetings, 12 board meetings, and 17 specialized committee meetings, reviewing a total of 111 agenda items [2][3]. - The director actively participated in discussions and decision-making processes, ensuring the protection of the company's overall interests and minority shareholders [3]. Group 3: Communication and Engagement - The director engaged in 4 external board investigations, providing 17 suggestions related to strategic development and major investment projects [3]. - Communication with internal audit and accounting firms occurred 5 times to discuss financial and operational matters [4]. - The director maintained dialogue with minority shareholders during annual meetings, addressing their concerns regarding financial status and strategic direction [4]. Group 4: Key Focus Areas - The director closely monitored related party transactions, ensuring their necessity and fairness, and confirmed that they did not harm the interests of the company or its shareholders [5]. - Financial disclosures and internal control evaluations were reviewed, with recommendations made to enhance risk management and financial stability [5][7]. - The director supported the hiring of Deloitte as the auditing firm for 2024, citing their qualifications and independence [7]. Group 5: Self-Evaluation and Recommendations - The director believes that the board has effectively fulfilled its responsibilities, enhancing the company's strength and social influence while providing good returns to shareholders [9]. - The director emphasizes the importance of independent directors in safeguarding the rights of minority shareholders and contributing to sound decision-making [10].