Jushen Logistics Group Co., Ltd.
Compensation Management System for Directors and Senior Management
Chapter 1 General Principles
Article 1 In order to further improve the compensation management for directors and senior management of Jushen Logistics Group Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, effectively motivate the work enthusiasm of the Company's directors and senior management, and enhance the operational management efficiency of the Company, this system is formulated based on the relevant provisions of the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and other laws, regulations, and normative documents, as well as the provisions of the "Articles of Association," combined with the actual situation of the Company.
Article 2 This system applies to all directors (including independent directors) and senior management as stipulated in the "Articles of Association."
Article 3 The Company's compensation system follows the following principles: (1) Fairness Principle The income level should be commensurate with the Company's scale and performance and should align with external compensation levels (2) Principle of Unity of Responsibility, Authority, and Interests It reflects the relationship between compensation and the value of the position and the size of responsibilities undertaken (3) Long-term Development Principle It reflects the alignment of compensation with the goals of the Company's sustainable and healthy development; (4) Principle of Equal Emphasis on Incentives and Restraints