SF Holding (06936 HK) released Independent Director Chen Shangwei’s 2025 annual duty report, detailing his supervision activities and confirming continued compliance with Mainland and Hong Kong listing regulations.
Chen, appointed in December 2022, reiterated his professional independence, stating that no relationships exist with SF Holding or its major shareholders that could impair objective judgment. The board’s own assessment also confirmed his independence meets all regulatory requirements.
Meeting Participation • Board of Directors: attended all 9 meetings, with 2 on-site and 7 via telecommunication, and recorded no absences. • Shareholders’ Meetings: attended all 3 sessions. • Committee Work: chaired the Audit Committee (8 meetings) and Strategic Committee (1 meeting); served on the Remuneration & Appraisal Committee (6 meetings) and Risk Management Committee (1 meeting), achieving 100 % attendance across 16 committee meetings.
Key Oversight Actions 1. Audit & Internal Control: reviewed the 2024 internal audit summary, 2024 internal-control self-evaluation, quarterly and annual financial reports, and the 2025 audit work plan. Chen urged a shift from “post-event inspection” to “pre-event warning” in global operations and advocated wider use of intelligent tools to enhance internal control. 2. Strategy: assessed the 2025 strategic goals and the 2024 sustainability report, recommending that artificial-intelligence initiatives and international expansion be translated into concrete organisational and talent plans. 3. Remuneration & Incentives: endorsed salary packages for executives, multiple adjustments to the 2022 A-share stock-option plan, and launch of the “Common Growth” employee share-ownership scheme. 4. Risk Management: reviewed the 2024 risk-control summary and 2025 plan, emphasising cross-regional compliance for the company’s international business lines.
Site Work and Communication Chen spent 15 days on in-person duties, including inspections of a new small-scale drone logistics site in March 2025 and the South China air-cargo hub in December 2025. He maintained regular communication with management through meetings, calls and written inquiries, and routinely reviewed monthly operating data and risk reports.
Investor Protection and Disclosure The report states that SF Holding’s 2024 annual, 2025 quarterly and half-year reports, and all internal-control disclosures were prepared and released in accordance with Shenzhen and Hong Kong stock-exchange rules. Chen participated in earnings briefings and shareholder meetings to engage minority investors and verify information transparency.
Support from Management Management provided timely access to board materials and operational data, enabling Chen to deliver informed and impartial judgments.
Outlook For 2026, Chen plans to deepen oversight of international expansion, AI deployment and company-wide risk-management systems, while continuing to safeguard the interests of all shareholders, particularly minority investors.
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