Hua Gong Technology Industry Co., Ltd.
Rules of Procedure for the Remuneration and Assessment Committee of the Board of Directors (Draft) (Applicable after the issuance and listing of H Shares)
Chapter 1 General Principles
Article 1 In order to further establish and improve the assessment and remuneration management system for the directors and senior management of Hua Gong Technology Industry Co., Ltd. (hereinafter referred to as "the Company"), and to enhance the corporate governance structure, the Board of Directors establishes the Remuneration and Assessment Committee (hereinafter referred to as "the Committee") in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law") and other relevant laws, administrative regulations, departmental rules, normative documents, securities regulatory rules of the stock exchange where the company's shares are listed (including the Shenzhen Stock Exchange and The Stock Exchange of Hong Kong Limited), as well as the Articles of Association of Hua Gong Technology Industry Co., Ltd. (hereinafter referred to as "the Articles of Association"), the Rules of Procedure for the Board of Directors of Hua Gong Technology Industry Co., Ltd. (hereinafter referred to as "the Rules of Procedure for the Board"), and other relevant provisions, and formulates these rules of procedure.
Article 2 The Committee is a specialized working body established by the Board of Directors, primarily responsible for formulating and reviewing the remuneration policies and plans for the company's directors and senior management, as well as establishing assessment standards for the directors and senior management and conducting assessments.