Management System for Remuneration of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the corporate governance structure of Jilin Yalian Development Technology Co., Ltd. (hereinafter referred to as the "Company"), standardize the remuneration management of directors and senior management, establish a scientific and effective incentive and restraint mechanism, fully mobilize the enthusiasm and creativity of directors and senior management, and promote the sustained, healthy, and stable development of the Company, 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 and regulations, and the "Articles of Association of Jilin Yalian Development Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in conjunction with the Company's actual situation, this system is hereby formulated.
Article 2 Scope of Application (1) Directors: including independent directors and non-independent directors; (2) Senior Management: General Manager, Deputy General Managers, Chief Financial Officer, and Secretary of the Board as stipulated in the "Articles of Association."
Article 3 The determination of remuneration for directors and senior management shall follow the following principles: (1) Fairness principle: remuneration levels shall be consistent with the Company's scale and performance, with appropriate reference to industry remuneration levels; (2) Unity of responsibility, rights, and benefits principle: remuneration shall be commensurate with the value of the position and the extent of responsibilities and obligations; (3) Principle of integration with the Company's long-term interests: remuneration shall be consistent with the goal of the Company's sustained and healthy development; (4) Principle of equal emphasis on incentives and restraints, and equal rewards and punishments: remuneration payment shall be linked to performance appraisal, rewards and punishments, and incentive mechanisms.