Henan Shenhua Coal Power Co., Ltd. 2026 Restricted Stock Incentive Plan Performance Assessment Management Measures
To ensure the smooth implementation of Henan Shenhua Coal Power Co., Ltd.'s (hereinafter referred to as the "Company") equity incentive plan, further improve the Company's corporate governance structure, form a good and balanced value distribution system, motivate core employees to perform their duties with integrity and diligence, ensure steady improvement of the Company's performance, and achieve the Company's development strategy and business objectives, these Measures are formulated in accordance with relevant national regulations and the Company's actual situation.
I. Assessment Objectives To further improve the Company's corporate governance structure, establish and improve the Company's incentive and restraint mechanism, ensure the smooth implementation of the equity incentive plan, and maximize the role of equity incentives, thereby ensuring the achievement of the Company's development strategy and business objectives.
II. Assessment Principles (I) Compliance with Laws and Regulations Principle. The incentive plan and related schemes must comply with all relevant laws and regulations and be implemented according to the schemes approved by the State-owned Assets Supervision and Administration Department. (II) Fairness and Justice Principle. The assessment and evaluation for the implementation of the incentive plan and related schemes must adhere to the principles of fairness, openness, and impartiality, and strictly evaluate the performance, ability, and attitude of the assessment subjects according to these Measures. (III) Performance-Oriented Principle. The implementation of the incentive plan and related schemes must be linked to the performance and contribution of the incentive subjects. This aims to closely integrate the equity incentive plan with the performance and value contribution of the incentive subjects, thereby effectively promoting the improvement of management performance, establishing a long-term incentive mechanism, and maximizing the Company's value and the interests of all shareholders.
III. Assessment Scope These Measures apply to all incentive subjects determined by the 2026 Restricted Stock Incentive Plan, including senior management personnel, core management personnel, and core technical personnel of the Company.
IV. Assessment Institutions and Division of Responsibilities (I) The Company's Board of Directors is responsible for the implementation of the equity incentive plan and authorizes the Board of Directors' Remuneration and Assessment Committee to lead and organize the assessment work. (II) The Company's relevant departments and the Human Resources Management Department are responsible for the specific implementation of the assessment work. The Company's relevant departments are responsible for the collection and provision of relevant assessment data and are responsible for the authenticity, accuracy, and reliability of the data. (III) The Company's Human Resources Management Department is responsible for calculating the assessment scores of the incentive subjects, compiling the assessment results, and the Company's Board of Directors' Remuneration and Assessment Committee is responsible for guiding and supervising the assessment process. (IV) The Company's Board of Directors' Remuneration and Assessment Committee shall review and approve the assessment results of the incentive subjects.