Securities Code: 002345 Securities Abbreviation: Chaohongji Announcement No.: 2026-009 Guangdong Chaohongji Industrial Co., Ltd. Announcement on Confirmation of Directors' and Senior Management's 2025 Remuneration and Proposed 2026 Remuneration Plan The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions. Guangdong Chaohongji Industrial Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the seventh Board of Directors on March 26, 2026, and deliberated and approved the "Proposal on Confirmation of Directors' 2025 Remuneration and Proposed 2026 Remuneration Plan" and the "Proposal on Confirmation of Senior Management's 2025 Remuneration and Proposed 2026 Remuneration Plan." The specific details are as follows: I. Directors' and Senior Management's 2025 Remuneration According to the Company's remuneration plan for directors and senior management, the 2025 remuneration for the Company's directors and senior management is as follows:
| Name | Position | Pre-tax Remuneration (RMB million) | Remuneration Received from Related Parties |
|---|---|---|---|
| Liao Muzi | Director | 24.5 | No |
| Liao Chuangbin | Chairman, General Manager | 330.09 | No |
| Zhong Mutian | Director | 15 | No |
| Lin Junping | Vice Chairman, Deputy General Manager | 502.04 | No |
| Xu Junxiong | Director, Deputy General Manager | 187.65 | No |
| Cai Zhonghua | Director, Deputy General Manager | 702.17 | No |
| Weng Xuanhui | Employee Representative Director | 24.85 | No |
| Zou Zhi Bo | Independent Director | 12 | No |
| Guo Jian | Independent Director | 12 | No |
| Tan Hanshan | Independent Director | 6 | No |
| Jie Haoran | Independent Director | 9 | No |
| Lin Yuhang | Secretary of the Board | 51.57 | No |
| Chen Yufeng | Chief Financial Officer | 149.81 | No |
| Total | -- | 2,026.68 | -- |
| II. Directors' and Senior Management's 2026 Remuneration Plan | |||
| To enhance the Company's operational management level, continuously improve the Company's incentive and restraint mechanism, and promote the Company's sustained, stable, and healthy development, in accordance with the "Company Law," "Corporate Governance Guidelines for Listed Companies," "Articles of Association," and the Company's "Performance Management Measures," as well as relevant regulations, and by referencing industry and regional remuneration levels and considering the Company's actual operating conditions, the proposed remuneration plan for the Company's directors and senior management for 2026 is as follows: | |||
| (I) Applicable Objects | |||
| Company Directors, Senior Management | |||
| (II) Applicable Period | |||
| January 1, 2026, to December 31, 2026. | |||
| (III) Specific Plan |
- Directors' Remuneration Plan (1) The Company's independent directors will receive an allowance of RMB 120,000 per year (pre-tax), paid quarterly. (2) External non-independent directors (defined as non-independent directors who do not hold any other positions in the Company besides director) will receive a director's allowance. Among them, Director Liao Muzi's allowance is RMB 198,000 per year (pre-tax), and Director Zhong Mutian's allowance is RMB 120,000 per year (pre-tax), paid monthly. The aforementioned two directors will also participate in the Company's special incentive distribution. Special incentives will be determined based on the achievement of the Company's annual strategic and performance goals and will be paid in the following year. (3) Internal non-independent directors (defined as directors and senior management who are involved in the Company's core governance and have signed employment or labor contracts with the Company, or non-independent directors who are also employees or other staff members) will receive remuneration based on their specific positions within the Company, in accordance with the Company's remuneration management system and relevant regulations, based on corresponding remuneration standards and their performance in the current year. They will not receive separate director's allowances.
- Senior Management Remuneration Plan (1) The Company's senior management will be compensated based on their specific positions within the Company, actual work performance, and the Company's annual operating performance. (2) The annual remuneration of the Company's senior management mainly consists of basic salary, performance-based salary, and long-term incentives (if any). Among them, basic salary is determined based on factors such as industry and regional remuneration levels, job responsibilities, and qualifications, and is paid monthly. Performance-based salary is composed of performance bonuses and special incentives. Performance bonuses are realized based on the completion of the Company's annual operating targets and individual annual performance targets; special incentives are determined based on the achievement of the Company's annual strategic and performance goals. The total performance-based salary shall account for no less than 50% of the total remuneration. III. Other Explanations
- The above remuneration and allowances are all pre-tax amounts, and the individual income tax involved will be withheld and paid by the Company.
- The Company will legally pay social insurance, housing provident fund, and other statutory benefits for internal non-independent directors and senior management. The specific standards will be implemented in accordance with national and Company regulations.
- If a director or senior management member leaves office due to board reshuffling, election changes, or resignation during their term, their remuneration will be calculated and paid based on their actual tenure and performance.
- Adjustments to and clawbacks of remuneration for the Company's directors and senior management will be implemented in accordance with the Company's "Remuneration Management Measures for Directors and Senior Management."
- Expenses incurred by directors and senior management for attending Company board meetings/special committee meetings, shareholder meetings, and performing their duties will be borne by the Company.
- The aforementioned 2026 remuneration plan for directors is subject to review and approval by the Company's 2025 shareholders' meeting. IV. Documents for Reference
- Resolution of the Eighth Meeting of the Seventh Board of Directors of the Company. Hereby announced Board of Directors of Guangdong Chaohongji Industrial Co., Ltd. March 28, 2026