Management System for Remuneration of Directors and Senior Management
(Approved by the First Extraordinary Shareholders' Meeting in 2026)
Chapter 1 General Principles
Article 1 To further improve the remuneration management of directors and senior management of Wuliangye Yibin Co., Ltd. (hereinafter referred to as the Company), establish a scientific and effective incentive and restraint mechanism, effectively mobilize the work enthusiasm of directors and senior management, improve the company's operational management level, and protect the legitimate rights and interests of the Company and shareholders, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association," combined with the Company's actual situation.
Article 2 This system applies to the directors and senior management of the Company.
Article 3 The Company's remuneration system adheres to the following principles: (1) Performance-oriented principle: Remuneration shall be commensurate with the company's operating performance and individual performance contributions. (2) Unity of responsibility, rights, and benefits principle: Remuneration shall match the value of the position and the responsibilities and obligations. (3) Principle of equal emphasis on incentives and restraints: Remuneration payment shall be linked to assessment, rewards and punishments, and incentive mechanisms. (4) Sustainable development principle: Remuneration shall be consistent with the company's long-term interests and the goals of sustainable and healthy development.
Chapter 2 Remuneration Management Organization
Article 4 The remuneration plan for directors and senior management of the Company shall be formulated by the Board of Directors' Remuneration and Assessment Committee, which shall clarify the basis and specific composition of remuneration determination. The remuneration plan for directors shall be decided by the Shareholders' Meeting and disclosed. The remuneration plan for senior management shall be approved by the Board of Directors, explained to the Shareholders' Meeting, and fully disclosed. Article 5 The Company's Board Office, Strategic Development Department, Party-Masses Work Department, and Human Resources Department, among other relevant departments, shall cooperate with the Remuneration and Assessment Committee in the specific implementation of this system.