Chapter 1 General Provisions
Article 1 To further establish and improve the assessment and remuneration management system for the company's directors (non-independent directors) and senior management, and to improve corporate governance, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Normative Operation of Main Board Listed Companies," the "Corporate Governance Guidelines for Listed Companies," the "Measures for Independent Directors of Listed Companies," and the "Articles of Association of Yifan Pharmaceutical Co., Ltd." (hereinafter referred to as the "Articles of Association"), and other relevant regulations, the company hereby establishes the Board of Directors' Remuneration and Appraisal Committee (hereinafter referred to as the "Remuneration and Appraisal Committee") and formulates these Rules of Procedure.
Article 2 The Remuneration and Appraisal Committee is a specialized working body established by the Board of Directors in accordance with the resolution of the shareholders' meeting. It is responsible for formulating assessment standards for directors and senior management and conducting assessments, as well as formulating and reviewing the remuneration policies and plans for directors and senior management, and is accountable to the Board of Directors.
Article 3 Senior management personnel referred to in these Rules of Procedure include the President, Executive President, Senior Vice President, Vice President, Chief Financial Officer, Secretary of the Board, and other senior management personnel appointed by the President and recognized by the Board of Directors.