Shanxi Coal and Coke Energy Group Co., Ltd. Management System for Remuneration of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Shanxi Coal and Coke Energy Group Co., Ltd. (hereinafter referred to as the "Company"), establish and improve an effective incentive and restraint mechanism, mobilize the enthusiasm of directors and senior management, and enhance the Company's operational efficiency, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Guidelines on Corporate Governance for Listed Companies" (effective January 1, 2026), and other relevant laws and regulations, as well as the "Articles of Association of Shanxi Coal and Coke Energy Group Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in conjunction with the Company's actual situation.
Article 2 This system applies to the Company's directors and senior management. Directors refer to all members of the Board of Directors, including independent and non-independent directors. Senior management refers to the General Manager, Deputy General Managers, Chief Financial Officer, and Secretary of the Board of Directors appointed by the Board of Directors, as well as other senior management personnel identified by the General Manager and approved by the Board of Directors.
Article 3 The remuneration management of the Company's directors and senior management shall follow the following principles: (1) Adherence to legality and compliance. Strictly implement the management requirements for remuneration and benefits, and performance allowances for directors and senior management, and standardize income distribution; (2) Adherence to the unity of incentive and restraint. Remuneration shall be closely linked to operational responsibilities, operational risks, and business performance assessment; (3) Adherence to prioritizing efficiency and considering fairness. Remuneration growth shall be coordinated with company benefit growth and employee wage growth; (4) Adherence to the principles of openness, fairness, and transparency.