Announcement Document
Securities Code: 000989 Securities Abbreviation: JiuZhiTang Announcement No.: 2026-048
Compensation Management System for Directors and Senior Management of JiuZhiTang Co., Ltd.
(April 2026)
(Approved at the 2025 Annual General Meeting on April 22, 2026)
Chapter 1 General Principles
Article 1 In order to further improve the compensation management for the directors and senior management of JiuZhiTang Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and constraint mechanism, enable the directors and senior management to better fulfill their duties with diligence and responsibility, effectively motivate their enthusiasm, initiative, and creativity, enhance the company's operational management level, promote the healthy, sustainable, and stable development of the company, and ensure the realization of the company's strategic development goals, this system is formulated based on the actual situation of the company and with reference to industry compensation levels.
Article 2 This system applies to all directors and senior management of the company, specifically divided into:
- Internal Non-Independent Directors: Refers to directors who have signed labor contracts or service contracts with the company or its controlling subsidiaries, including employee directors;
- External Non-Independent Directors: Refers to non-independent directors who have not signed labor contracts or service contracts with the company or its controlling subsidiaries;
- Independent Directors: Refers to directors elected by the company in accordance with the "Administrative Measures for Independent Directors of Listed Companies" and the "Articles of Association," who have no relationships with the company or its major shareholders that may hinder their independent and objective judgment.
- Senior Management: Refers to the general manager, deputy general manager, board secretary, and financial director as stipulated in the company's "Articles of Association."
Article 3 The compensation for the company's directors and senior management should be aligned with market development, matched with the company's operational performance and individual performance, and coordinated with the company's sustainable development.
Article 4 Total salary determination mechanism: The company conducts budget management for the total salary of directors and senior management. The total salary for directors and senior management is determined based on the previous year's total salary, combined with factors such as the company's operational performance, individual performance, and future development plans.