Chapter 1 General Principles
Article 1
To further establish and improve the assessment and compensation management system for the company's directors and senior management, and to enhance the corporate governance structure, the company has established the Compensation and Assessment Committee of the Board of Directors and formulated these working rules in accordance with the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standard Operations for Main Board Listed Companies, the Articles of Association, and other relevant regulations.
Article 2
The Compensation and Assessment Committee is a specialized working body established by the Board of Directors, primarily responsible for formulating assessment standards for the company's directors and senior management and conducting assessments; responsible for formulating and reviewing the compensation policies and plans for the company's directors and senior management, and reporting to the Board of Directors.
Article 3
For the purposes of these working rules, "senior management" refers to the general manager, deputy general managers, board secretary, and financial director (or responsible person) appointed by the Board of Directors.
Chapter 2 Composition
Article 4
The Compensation and Assessment Committee consists of three directors, of which at least two must be independent directors.
Article 5
Committee members are nominated by the chairman or by more than half of the independent directors or one-third of all directors, and must be approved by more than half of all directors.
Article 6
The Compensation and Assessment Committee shall have one convener, who shall be an independent director, responsible for presiding over the committee's work.
Article 7
The term of the Compensation and Assessment Committee is consistent with that of the Board of Directors. Upon the expiration of a member's term, they may be re-elected. If a member ceases to be a director of the company, they automatically lose their committee membership, and the committee shall supplement the number of members according to Articles 4 to 6 above.