Shenzhen Zhonghua Bicycle (Group) Co., Ltd Compensation management system for directors and senior management
(June 2026) Article 1 To further improve Shenzhen Zhonghua Bicycle (Group) Co., Ltd. (hereinafter referred to as "Co., Ltd.") Establish a scientific and effective incentive and restraint mechanism for the salary management of directors and senior management personnel in the company, and improve The company's management level promotes stable operation and sustainable development, according to the "Public Standards of the People's Republic of China." Judicial, Listed Company Governance Code, Shenzhen Zhonghua Bicycle (Group) Co., Ltd. Articles of Association (based on hereinafter referred to as the "Articles of Association") and other relevant regulations, and in light of the company's actual situation, this system is hereby formulated. Article 2 This system applies to the following personnel:
(1) Company directors, including non-independent directors and independent directors; (2) Senior management personnel of the company, with specific scope subject to the company's articles of association. Article 3 The company shall sign appointment contracts with directors and senior management personnel to clarify the rights and obligations of both parties the responsibilities of directors and senior management for violations of laws, regulations, and the company's articles of association, as well as their obligations after resignation, Accountability and compensation claims. Article 4 The performance evaluation of directors and senior management is conducted by the Remuneration and Appraisal Committee established under the Board of Directors Responsible for organization, the company may commission a third party to conduct performance evaluations. Evaluation of independent directors' performance is conducted through self-evaluation and mutual evaluation. Article 5 The board of directors shall report to the shareholders' meeting on the performance of directors' duties, performance evaluation results, and other related matters Salary information, and disclosed by the company. Article 6: The company shall establish a compensation management system, including the mechanism for determining total wages, directors, and senior management Compensation structure for management personnel, performance evaluation, salary distribution, and claims for suspension payments, among other topics.