Jiangsu Yanghe Brewery Joint Stock Company
Management Measures for Compensation and Performance Evaluation of Directors and Senior Management
(Reviewed and approved by the 19th meeting of the 8th Board of Directors, subject to approval by the Shareholders' Meeting)
Chapter 1 General Provisions
Article 1 Jiangsu Yanghe Brewery Joint Stock Company (hereinafter referred to as the "Company") has formulated these Measures in accordance with the "Articles of Association" to stimulate the vitality of the management team, build a performance-driven mechanism adapted to the market economy and modern corporate governance, a compensation incentive mechanism guided by value contribution, and to achieve synergistic sharing of interests among shareholders, the Company, and the management team.
Article 2 Personnel covered by these Measures: (1) Non-employee directors of the Company (including non-employee directors and employee directors) and independent directors. (2) Senior management personnel appointed by the Board of Directors, including the President, Vice Presidents, Chief Financial Officer, Secretary of the Board, and other senior management personnel.
Article 3 These Measures adhere to the following principles: (1) Goal-oriented principle. The Board of Directors formulates performance indicators that combine short-term benefits with medium and long-term goals based on the Company's development strategy, strengthens performance incentives, and promotes the Company's sustainable development. (2) Principle of balancing incentives and constraints. Incentives should be sufficient, and constraints should be strict. Compensation distribution should be aligned with strategic goals and development stages, matched with occupational risks and position values, and establish a mechanism linking salary increases to the growth of corporate benefits. (3) Adaptability principle. The compensation of the Company's directors and senior management personnel should be adapted to market development, matched with the Company's operating performance and individual performance, and coordinated with the Company's sustainable development.