Vanke Co., Ltd Compensation management system for directors and senior management
Chapter 1 General Provisions Article 1 Purpose and Basis for Formulation To establish and improve incentive and restraint mechanisms for company directors and senior management, and to standardize compensation management to promote the company's sustainable development and protect shareholder rights. In accordance with the Company Law of the People's Republic of China, The Securities Law of the People's Republic of China, the Guidelines for Governance of Listed Companies (revised October 2025), etc Laws, regulations, normative documents, and the Articles of Association are formulated in light of the company's actual situation. Article 2 Scope of Application
This system applies to the following personnel in the company:
Director ： Including independent directors Other directors who do not work full-time in the company and full-time employees in the company Director of the work 。 Senior Management President Board Secretary Article 3 Basic Principles
The compensation management of directors and senior management personnel follows these principles: Compliance principle. Strictly comply with national laws, regulations, regulatory requirements, and the Articles of Association. Principle of balancing incentives and constraints. Compensation levels are closely linked to the company's operating performance and individual performance in performing duties linking them to achieve a balance between effective incentives and risk constraints. Principles of fairness and competition. Taking into account the company's operating conditions, industry standards, regional compensation status, and more Determine salary levels reasonably based on job value and other factors, maintaining external competitiveness and internal fairness.