Remuneration Management System for Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the incentive and restraint mechanisms of Zhejiang Chengchang Technology Co., Ltd. (hereinafter referred to as the "Company"), effectively mobilize the enthusiasm and creativity of directors and senior management, enhance the Company's operational management efficiency, and maximize shareholder and company value. In accordance with the "Company Law of the People's Republic of China," the "Guidelines for Corporate Governance of Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association," and combined with the Company's actual situation, this system is hereby formulated.
Article 2 This system applies to directors, the general manager, the financial controller, the board secretary, and other senior management personnel appointed by the Board of Directors.
Article 3 The remuneration management of the Company's directors and senior management shall adhere to the following principles: (1) The principle of fairness, reflecting that the income level is in line with the Company's scale and performance, while also considering market remuneration levels; (2) The principle of unifying responsibilities, rights, and benefits, reflecting that remuneration is commensurate with the value of the position and the extent of responsibilities undertaken; (3) The principle of long-term development, reflecting that remuneration is consistent with the Company's goals for sustainable and healthy development; (4) The principle of balancing incentives and restraints, reflecting that remuneration is linked to performance evaluation, rewards, and punishments, and incentive mechanisms.