Changzhou Evergreen Technology Co., Ltd.
Compensation Management System for Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the corporate governance structure of Changzhou Evergreen Technology Co., Ltd. (hereinafter referred to as the "Company"), strengthen and standardize the compensation management of directors and senior management, establish and improve effective incentive and restraint mechanisms, fully mobilize the work enthusiasm and creativity of directors and senior management, and promote the sustained and healthy development of the Company, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Guiding Opinions on Corporate Governance of Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association of Changzhou Evergreen Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in combination with the actual situation of the Company.
Article 2 This system applies to all directors and senior management personnel identified in the "Articles of Association."
Article 3 Directors are divided based on their method of appointment and nature of work: (1) Independent Directors: Directors who do not hold any other positions in the Company besides their directorship, and who have no direct or indirect interest relationship with the Company or its major shareholders or actual controllers, or any other relationship that may affect their independent and objective judgment. (2) Non-Independent Directors: Directors who have signed a labor contract with the Company or its subsidiaries and hold other positions in the Company besides their directorship; or directors who have not signed a labor contract with the Company or its subsidiaries and do not hold other positions in the Company besides their directorship.