Chapter 1 General Principles
Article 1
To standardize the compensation management for directors and senior management of Shenzhen Walden Nuclear Materials Co., Ltd. (hereinafter referred to as "the Company"), to enhance the incentive and constraint functions of compensation, and to link the contributions of directors and senior management with their compensation, thereby improving the operational management efficiency of the Company, this compensation management system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Guidelines for the Governance of Listed Companies, the Articles of Association of Shenzhen Walden Nuclear Materials Co., Ltd. (hereinafter referred to as "the Articles of Association"), and other relevant regulations, combined with the actual situation of the Company and referencing industry compensation levels.
Article 2
This compensation management system applies to the directors and senior management of the Company, specifically including the following personnel:
- All directors of the Company: including non-independent directors and independent directors;
- Senior management personnel: including the general manager, deputy general managers, board secretary, financial officer, and other senior management personnel as stipulated in the Articles of Association.
Article 3
The Company's compensation system adheres to the following principles:
- Reflects that income levels are commensurate with the Company's scale and performance, while aligning with external compensation levels;
- Reflects the principle of equivalence of rights and responsibilities, where compensation corresponds to the value of the position and the size of responsibilities undertaken;
- Reflects the principle of long-term interests of the Company, aligning with the goals of sustainable and healthy development;
- Reflects the principle of balancing incentives and constraints, with equal emphasis on rewards and penalties.
Chapter 2 Compensation Management Organization
Article 4
The Board of Directors' Compensation and Assessment Committee formulates the compensation plans for directors and senior management, clarifying the basis for determining compensation and its specific components, and is responsible for supervising the implementation of the compensation system.