FOCUS TECHNOLOGY CO., LTD.
Company Directors and Senior Management Remuneration Management System
Article 1 To regulate the remuneration management of directors and senior management of Focus Technology Co., Ltd. (hereinafter referred to as the "Company"), establish a sound incentive and restraint mechanism for operators, effectively mobilize the work enthusiasm of directors and senior management, and promote the healthy, sustained, and stable development of the Company, in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," and other relevant laws, administrative regulations, departmental rules, and the Company's Articles of Association, and in combination with the Company's actual situation, this System is formulated.
Article 2 This System applies to directors and senior management as stipulated in the Company's Articles of Association.
Article 3 The Remuneration and Assessment Committee of the Board of Directors is authorized by the Board of Directors to formulate proposals for the remuneration standards, distribution mechanisms, payment and clawback arrangements for directors and senior management, and to clarify the basis and specific composition of remuneration determination; it is responsible for reviewing the performance of directors and senior management and conducting annual assessments; and it is responsible for supervising the implementation of the Company's remuneration system.
Article 4 The remuneration plan for directors shall be decided by the shareholders' meeting and disclosed. When the Board of Directors or the Remuneration and Assessment Committee of the Board of Directors evaluates individual directors or discusses their remuneration, such director shall recuse himself.
The remuneration plan for senior management shall be approved by the Board of Directors, explained to the shareholders' meeting, and fully disclosed.
Article 5 The Human Resources Department, Finance Department, Securities Department, and other relevant departments of the Company shall cooperate with the Remuneration and Assessment Committee of the Board of Directors in the specific implementation of the remuneration plan for the Company's directors and senior management.
Article 6 If a non-independent director of the Company holds other positions in the Company, they shall receive remuneration according to the remuneration standards of their other positions in the Company besides director, and shall be assessed according to the relevant systems of the Company based on their actual performance.