Chapter 1 General Provisions
Article 1 To further improve the compensation management of directors and senior management of Sanbian Sci-Tech Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, effectively motivate the enthusiasm and creativity of the Company's directors and senior management, and improve the Company's operational and management efficiency, in accordance with the "Company Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Sanbian Sci-Tech Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in combination with the Company's actual situation, this Management Measures is hereby formulated.
Article 2 This system applies to the Company's directors and senior management.
(1) Directors include internal directors, external directors, and independent directors. Internal directors refer to directors who are also employees or management personnel of the Company and have signed an employment contract or labor contract with the Company. External directors refer to non-independent directors who do not hold any other positions in the Company besides director. Independent directors refer to directors appointed by the Company in accordance with the "Guiding Opinions on Independent Directors of Listed Companies," who have no relationship with the Company and its major shareholders that may hinder their independent and objective judgment.