Jiangsu Zhongli Group Co., Ltd.
Management System for Remuneration of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the corporate governance structure of Jiangsu Zhongli Group Co., Ltd. (hereinafter referred to as the "Company"), establish a sound and effective incentive and restraint mechanism, and enhance operational efficiency, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Code of Corporate Governance for Listed Companies," and other relevant laws, regulations, and normative documents, as well as the relevant provisions of the "Articles of Association of Jiangsu Zhongli Group Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in conjunction with the Company's actual situation.
Article 2 This system applies to the Company's directors and senior management personnel, including the following: (I) All directors of the Company (including non-independent directors and independent directors); (II) Senior management personnel (including the General Manager, Deputy General Managers, Secretary of the Board, and Chief Financial Officer).
Article 3 The remuneration distribution for the Company's directors and senior management personnel shall follow the following principles: (I) The principle of linking income levels to company performance and work objectives; (II) The principle of matching responsibilities, rights, and interests, with remuneration commensurate with the value of the position and the extent of responsibility undertaken; (III) The principle of balancing incentives and constraints, with rewards and punishments being equivalent, and remuneration based on performance; (IV) The principle of aligning with the Company's long-term interests and goals for sustainable and healthy development.