000554SZSE

"Management System for the Compensation of Directors and Senior Management of Taishan Petroleum"

Taishan Petroleum Co., Ltd.·May 27, 2026·3 pages

✨ AI Summary

This document outlines the compensation management system for directors and senior management at Taishan Petroleum, aiming to enhance internal incentives and constraints. It establishes principles for salary distribution, linking compensation to company performance and individual assessments. The board's compensation committee is responsible for setting evaluation standards and approving compensation plans, with provisions for adjustments based on significant changes in the business environment.

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Full Translation

AI Translation· azure_openai

1. General Principles

1.1 To further improve the company's internal incentive and constraint mechanisms and fully leverage the work enthusiasm and creativity of directors and senior management, this system is formulated based on the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and relevant provisions of the Articles of Association of China Petroleum Shandong Taishan Petroleum Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the company.
1.2 This system applies to directors and senior management as stipulated in the Articles of Association.
1.3 The principles of compensation management are as follows:
1.3.1 Distribution according to labor, with salaries matching responsibilities, rights, and benefits.
1.3.2 Compensation linked to company performance and performance assessments.
1.3.3 A combination of short-term and long-term incentives, aligned with the company's goals for sustainable and healthy development.

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