Shijiazhuang Shangtai Technology Co., Ltd. (hereinafter referred to as the "Company") has formulated these measures to further improve the Company's corporate governance structure, strengthen long-term incentive and restraint mechanisms, form a sound and balanced value distribution system, and fully mobilize the enthusiasm of the core team to ensure the steady improvement of the Company's performance and the realization of its development strategies and business goals.
I. Purpose of Assessment
To further improve the corporate governance structure, establish and perfect the incentive and restraint mechanism, ensure the smooth implementation of the incentive plan, maximize the effect of equity incentives, and ensure the realization of the Company's development strategies and business goals.
II. Assessment Principles
The assessment must adhere to the principles of justice, openness, and fairness. Evaluations shall be conducted strictly in accordance with these measures and the performance of the assessment targets to closely link the equity incentive plan with the work performance and contributions of the participants, thereby improving the Company's overall performance and maximizing the interests of the Company and all shareholders.
III. Scope of Assessment
These measures apply to all participants in the incentive plan, including: directors, senior management, core management, key business (technical) personnel of the Company (including subsidiaries), and other core personnel deemed necessary for incentives by the Board of Directors.
IV. Assessment Organization
(I) The Remuneration and Appraisal Committee of the Board of Directors is responsible for leading and reviewing the assessment of participants, with the support of the Finance Department, the Human Resources and Administration Department, and the Securities Department.
(II) The Board of Directors is responsible for reviewing the assessment results.
During the review of the assessment work by the Remuneration and Appraisal Committee and the review of results by the Board of Directors, relevant interested directors shall recuse themselves.
V. Assessment Indicators and Standards
(I) Company-Level Performance Assessment Requirements