Management System for Remuneration of Directors and Senior Management
(April 2026)
Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Shenzhen INVT Electric Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, and fully mobilize the enthusiasm and creativity of the Company's directors and senior management, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Guidelines for Corporate Governance of Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association of Shenzhen INVT Electric Co., Ltd." (hereinafter referred to as "Articles of Association"), combined with the Company's actual situation.
Article 2 This system applies to the Company's directors and senior management, including the following personnel: (1) Directors include independent directors and non-independent directors. (2) Senior management refers to the Company's President, Vice Presidents, Chief Financial Officer, Secretary of the Board of Directors, and other senior management personnel as stipulated in the "Articles of Association."
Article 3 This system adheres to the following principles: (1) Legal Compliance: Strictly abide by national laws, regulations, and regulatory requirements to ensure standardized remuneration management operations. (2) Performance Linkage: The total remuneration is linked to the Company's overall economic benefits, and individual remuneration levels are matched with individual performance or responsibility outcomes. (3) Emphasis on Both Incentives and Restraints: Remuneration distribution is closely integrated with assessment, rewards, and punishments mechanisms.
Article 4 Management Structure (1) The Company's Shareholders' Meeting is responsible for reviewing the remuneration plan for directors, and the Company's Board of Directors is responsible for reviewing the remuneration plan for senior management. (2) The Company's Nomination and Remuneration Assessment Committee (hereinafter referred to as the "Nomination and Remuneration Assessment Committee") is responsible for formulating and reviewing the remuneration and assessment plans for directors and senior management and supervising their implementation. (3) The Company's Human Resources Department and Finance Department shall assist the Nomination and Remuneration Assessment Committee in the specific implementation of the remuneration and assessment plans and the daily management of remuneration issuance.