Zhejiang Double Arrow Rubber Co., Ltd. Senior Management Compensation Management System (April 2026)
Chapter 1 General Provisions
Article 1 To further improve the compensation management of senior management of Zhejiang Double Arrow Rubber Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, and effectively mobilize the work enthusiasm and creativity of the Company's senior management. The Company has formulated this system in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Guidelines for Corporate Governance of Listed Companies," the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," and other laws, regulations, normative documents, and the "Articles of Association" of the Company, combined with the actual situation of the Company.
Article 2 This system applies to the Company's General Manager, Deputy General Managers, Financial Controller, Secretary of the Board of Directors, and personnel included in the scope of senior management in the "Articles of Association."
Article 3 The Company's senior management compensation management adheres to the following principles: (1) Fairness principle, reflecting that the income level is in line with the Company's scale and performance, while also considering market compensation levels; (2) Unity of responsibility, rights, and benefits principle, reflecting that compensation is commensurate with the value of the position and the extent of responsibilities undertaken; (3) Long-term development principle, reflecting that compensation is consistent with the Company's goals for sustainable and healthy development; (4) Emphasis on both incentives and constraints principle, reflecting that compensation payment is linked to assessment, rewards and punishments, and the incentive mechanism.