Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Yibin Tianyuan Group Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, effectively mobilize the enthusiasm, initiative, and creativity of directors and senior management, and improve the company's operational management level. In accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Guidelines for Corporate Governance of Listed Companies," and other laws and regulations, combined with the "Articles of Association of Yibin Tianyuan Group Co., Ltd." and the actual situation, this system is formulated.
Article 2 The personnel covered by this system include: (1) Directors, including non-independent directors (including employee representative directors) and independent directors; (2) Senior management personnel, including the general manager, deputy general managers, chief engineer, secretary of the board of directors, chief financial officer, and other senior management personnel as stipulated in the Articles of Association.
Article 3 The company's remuneration system follows the following principles: (1) Fairness and openness principle, reflecting remuneration fairness and complying with disclosure requirements for listed companies; (2) Principle of unity of responsibility, rights, and benefits, reflecting that remuneration is consistent with the level of position value and the extent of responsibilities undertaken; (3) Principle of adaptation to market development, matching company business objectives, actual operating conditions, and operating performance; reflecting that the income level is consistent with the company's scale and performance, and also consistent with external remuneration levels; (4) Long-term development principle, reflecting that remuneration is consistent with the company's goals for sustainable and healthy development; (5) Principle of equal emphasis on incentives and constraints, reflecting that remuneration issuance is linked to performance evaluation, rewards and punishments, and incentive mechanisms.
Chapter 2 Remuneration Management Organization
Article 4 The remuneration plan for directors shall be decided by the shareholders' meeting and disclosed. The remuneration plan for senior management shall be approved by the board of directors, explained to the shareholders' meeting, and disclosed.