002058SZSE

Remuneration management system for directors and senior managers

*ST Weir Co., Ltd.·

✨ AI Summary

Shanghai Weitai Industrial Automation Co., Ltd has established a remuneration management system for directors and senior managers to enhance operational efficiency and align compensation with company performance. The system includes basic, performance, and long-term remuneration, with performance pay constituting at least 50% of total compensation. The shareholders' meeting will review remuneration plans, and adjustments will be based on industry standards, inflation, and company profitability. The system also includes provisions for accountability in cases of financial misconduct.

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Shanghai Weitai Industrial Automation Co., Ltd Remuneration management system for directors and senior managers

Chapter 1 General Provisions Article 1 In order to further improve the The company has established a scientific and effective incentive and restraint mechanism for directors and senior managers

Effectively mobilize the enthusiasm of the company's directors and senior managers, improve the company's operation and management efficiency, and root According to the Company Law of the People's Republic of China and other laws and regulations, normative documents and the "Shanghai Weitai Industrial Self-Liberation The relevant provisions of the Articles of Association of Donghua Co., Ltd. (hereinafter referred to as the "Articles of Association") shall be combined with the company This system is formulated under the actual situation.

Article 2 This system applies to directors (excluding independent directors) and the Articles of Association Designated senior management. Article 3 The company's remuneration management system for directors and senior management shall follow the following principles: (1) Coordinate with the company's sustainable development; (2) Match the company's benefits and work objectives; (3) Adapt to market development. Chapter 2 Management Institutions Article 4 The shareholders' meeting of the company is responsible for deliberating the remuneration appraisal system and remuneration plan of directors, and the board of directors of the company

Responsible for reviewing the salary appraisal system and remuneration plan of senior managers. Article 5 The Remuneration and Appraisal Committee of the Board of Directors is a special working body under the Board of Directors Determine and evaluate the company's directors and senior managers, and be responsible for formulating and reviewing the company's directors, The remuneration policy and plan of senior management shall be proposed to the board of directors and senior management on the remuneration of directors and senior management Suggestions. When the Board of Directors or the Remuneration and Appraisal Committee evaluates or discusses the remuneration of individual directors, The director should recuse himself. When the company loses money, it should specifically explain the directors and senior officials in each link of the remuneration review of directors and senior management whether the salary changes of managers meet the requirements of performance linkage. Chapter 3 Composition and Standard of Remuneration Article 6 The remuneration of directors and senior management of the company shall be composed of basic remuneration, performance remuneration and medium and long-term remuneration

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