Directors and Senior Management Remuneration Management System
Suzhou Hiseas Energy Equipment Inc. Directors and Senior Management Remuneration Management System
Chapter 1 General Provisions
Article 1 To promote the establishment of a modern enterprise system-compatible incentive and restraint mechanism for the company, effectively mobilize the enthusiasm, initiative, and creativity of directors and senior management, improve the level of enterprise operation and management, and promote the growth of enterprise benefits, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," and other laws and regulations, as well as the "Articles of Association of Suzhou Hiseas Energy Equipment Inc." (hereinafter referred to as the "Articles of Association"), and in conjunction with the company's actual situation.
Article 2 This system applies to the following personnel: (1) Directors: including independent directors, non-independent directors (including employee representative directors, hereinafter the same); (2) Senior Management Personnel: including the company's general manager, deputy general managers, board secretary, financial controller, and senior management personnel stipulated in the "Articles of Association." (3) Other personnel deemed applicable by the company's Board of Directors' Remuneration and Appraisal Committee.
Article 3 The company's remuneration system adheres to the following principles: (1) The principle of distribution according to work combined with responsibilities, rights, and benefits; (2) The principle of linking income levels to company benefits and work objectives; (3) The principle of linking remuneration to the company's long-term interests; (4) The principle of open, fair, and transparent remuneration standards.