Chapter 1 General Provisions
Article 1 To regulate the remuneration management of directors and senior management of Daqing Huake Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, and improve the Company's operational efficiency and governance level, these Measures are formulated in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Guidelines for Corporate Governance of Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association of Daqing Huake Co., Ltd." (hereinafter referred to as the "Articles of Association"), taking into account the Company's actual situation.
Article 2 These Measures apply to the directors and senior management of the Company as stipulated in the "Articles of Association."
Article 3 The remuneration management of the Company's directors and senior management adheres to the following principles: (1) Principle of combining strategic goals with long-term interests. The remuneration system is closely integrated with the Company's medium and long-term strategic goals, balancing short-term operational efficiency with long-term value creation, and ensuring the Company's sustained and healthy development. (2) Principle of incentive, restraint, and performance linkage. Remuneration is closely linked to the Company's operating performance, position responsibilities, performance of duties, and risk-bearing capacity, establishing a remuneration clawback mechanism to achieve equivalent rewards and punishments. (3) Principle of fairness and industry competitiveness. The remuneration level is determined by combining industry characteristics, regional remuneration levels, and the Company's operating conditions, balancing internal positional value fairness with external industry competitiveness.