Cewen Media Co., Ltd. Board of Directors' Compensation Management System (April 2026 Revision)
Chapter 1 General Provisions
Article 1 To ensure that the directors of Cewen Media Co., Ltd. (hereinafter referred to as the "Company") legally perform their duties, improve the Company's compensation management system, establish a scientific and effective incentive and restraint mechanism, and promote the Company's better performance of diligent and conscientious obligations, thereby promoting the Company's sustained, stable, and healthy development, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Guiding Principles for Corporate Governance of Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association" of the Company, combined with the Company's actual situation.
Article 2 This system applies to the Company's directors: (1) Internal directors, referring to company employees or company management personnel who have signed an appointment contract or labor contract with the Company and concurrently serve as non-independent directors; (2) External directors, referring to non-independent directors who do not sign a labor contract or employment contract with the Company and do not hold any other positions in the Company besides director; (3) Independent directors, referring to directors appointed by the Company in accordance with the "Guiding Measures for Independent Directors of Listed Companies," who do not hold any other positions in the Company besides director, and who have no direct or indirect interest relationship with the Company and its major shareholders or actual controllers, or any other relationship that may affect their independent and objective judgment.