Compensation system for directors and senior management of China South Glass Group Co., Ltd China Southern Glass Group Co., Ltd CSG HOLDING CO., LTD. Remuneration system for directors and senior management April 2026 1
Compensation system for directors and senior management of China South Glass Group Co., Ltd Table of Contents
| Chapter 1 | General Provisions | .............................................................. | 3 | |||
|---|---|---|---|---|---|---|
| Chapter 2 | Compensation Management Organization | ...................................................... | 3 | |||
| Chapter 3 | Salary | Composition and Assessment Management | ................................................ | 4 | ||
| Chapter 4 | Salary Distribution | .......................................................... | 5 | |||
| Chapter 5 | Salary adjustment | , Stop-payment, recourse, and clawback mechanisms | .................................... | 6 | ||
| No. | Chapter 6 | Supplementary Provisions | .............................................................. | 7 |
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Compensation system for directors and senior management of China South Glass Group Co., Ltd Chapter 1 General Provisions Article 1 To further improve the director of China Southern Glass Group Co., Ltd. (hereinafter referred to as the "Company"), Establish and improve incentive and restraint mechanisms to fully mobilize the company The enthusiasm of directors and senior management personnel at work improves the company's operational management level, and promotes the company's health, sustainability, Steady development, in accordance with the Company Law of the People's Republic of China, the Code of Governance for Listed Companies, and the Regulations on Listed Companies The "Guidelines," the "Shenzhen Stock Exchange Stock Listing Rules," and other relevant national laws and regulations, as well as the "Guidelines" and the "Guidelines" of the "Shenzhen Stock Exchange," as well as the "Guidelines" of the "Guidelines," and other relevant national laws and regulations Articles of Association of China South Glass Group Co., Ltd. (hereinafter referred to as the "Articles of Association"), in conjunction with the Company's
This system is formulated based on actual circumstances. Article 2 This system applies to directors and senior management personnel as stipulated in the Articles of Association. Article 3: The compensation assessment cycle is a complete accounting year, that is, from January 1 to December each year 31. The assessment period is from the end of the fiscal year until the disclosure date of the company's annual report. Article 4 The management of company directors and senior management personnel shall follow these principles: (1) Adhere to the principle of distribution according to labor combined with powers, responsibilities, and interests; (2) Principles of adaptation to company efficiency and long-term interests; (3) The principle that compensation aligns with the laws of market value; (4) Principles of openness, fairness, and transparency.
Chapter 2 Compensation Management Institutions Article 5: The Remuneration and Assessment Committee of the Board of Directors is responsible for formulating the rules for the company's directors and senior management Assessment standards and assessments are conducted, formulating and reviewing compensation policies and plans for directors and senior management, and
The following matters are recommended to the Board of Directors: (1) Remuneration of directors and senior management; (2) Formulate or modify equity incentive plans and employee stock ownership plans, granting incentive recipients authorized benefits and exercises Fulfilling the rights conditions; 3
Compensation system for directors and senior management of China South Glass Group Co., Ltd (3) Shareholding plans arranged by directors and senior management in the proposed spin-off of subsidiaries; (4) Other matters stipulated by laws, regulations, and the Articles of Association. If the board of directors does not adopt or fully adopts the recommendations of the Remuneration and Appraisal Committee, it shall be submitted to the board of directors The resolution records the opinions of the Remuneration and Appraisal Committee and the specific reasons for non-adoption, and discloses them.