Chapter 1 General Principles
Article 1
To further improve the compensation management system for directors and senior management of Guangdong Power Development Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, effectively motivate the directors and senior management, and enhance the Company's operational efficiency and management level, this system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Guidelines for the Governance of Listed Companies, and other relevant laws, regulations, normative documents, and the Articles of Association of Guangdong Power Development Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
This system applies to the directors and senior management as stipulated in the Articles of Association.
Article 3
The total compensation and salary of the Company's directors and senior management shall adhere to the following principles:
- The unity of incentive and restraint, with compensation aligned with responsibilities;
- Compensation fully linked to the Company's operational efficiency, labor productivity, and performance targets;
- Prioritizing efficiency while considering fairness, reasonably reflecting income distribution differences;
- Combining compensation incentives with the Company's long-term development.