Chapter 1 General Principles
Article 1
To establish a sound salary determination and normal growth mechanism that aligns with the labor market and is linked to the company's economic benefits and labor productivity, and to further deepen the reform of the income distribution system of Yunnan Energy Investment Co., Ltd. (hereinafter referred to as "the Company"), this system is formulated based on the spirit of relevant national and Yunnan provincial documents regarding the reform of salary determination mechanisms for state-owned enterprises, combined with the actual situation of the Company.
Article 2
This system applies to the budgeting, execution, pre-settlement, and clearing evaluation of the salary total for the Company headquarters and its subsidiaries (hereinafter referred to as "salary total management"). The Company conducts overall salary total budgeting, clearing evaluations, and related communications as required by the superior competent department.
Article 3
Definitions of relevant terms:
- Salary Total Management: Refers to the process of budgeting, determining, distributing, and adjusting the annual salary total of each company based on the Company's development strategy, production and operation goals, economic benefits, and human resource management requirements, while strictly executing budgets, pre-settlements, clear evaluations, and effective controls.
- Salary Total: Refers to the total labor remuneration directly paid to all employees who have established labor relations with the Company within an accounting year, including wages, bonuses, allowances, subsidies, overtime pay, and wages paid under special circumstances. The calculation scope of the salary total is executed according to the "Regulations on the Composition of Salary Totals" (National Bureau of Statistics Order No. 1, 1990).
- Employees: Refers to personnel who have a labor contract relationship with the Company and are directly paid labor remuneration by the Company.