Chapter 1 General Principles
Article 1
To achieve the company's strategic development goals and ensure sustainable and healthy growth, these measures are formulated to improve the remuneration management of directors and senior management of Joy City Property Group Co., Ltd. (hereinafter referred to as "the Company"), establish effective incentive and restraint mechanisms, and enhance the level of corporate management. This is based on the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association of Joy City Property Group Co., Ltd." (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
These measures apply to directors and senior management as stipulated in the Articles of Association. Directors include internal directors (including employee representative directors) and external directors; senior management includes the general manager, deputy general managers, chief accountant (financial officer), board secretary, and chief legal advisor.
Article 3
The remuneration management of the Company's directors and senior management shall adhere to the following principles:
- Combine legal compliance with market regulation;
- Unite labor distribution with responsibility, authority, and benefits;
- Match remuneration levels with operational performance;
- Combine short-term incentives with long-term incentives;
- Balance incentives with constraints.
Chapter 2 Management Institutions
Article 4
The Board's Remuneration and Assessment Committee is responsible for formulating assessment standards for directors and senior management, conducting assessments, and developing and reviewing remuneration decision mechanisms, decision-making processes, payment and recovery arrangements, and other remuneration policies and plans. It is also responsible for supervising the implementation of the Company's remuneration system.