Shenzhen Sunwin Intelligent Control Co., Ltd. Management System for Remuneration of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the incentive and restraint mechanism for the operations of Shenzhen Sunwin Intelligent Control Co., Ltd. (hereinafter referred to as the "Company"), effectively mobilize the enthusiasm and creativity of the Company's directors and senior management, and enhance the Company's operational efficiency and maximize shareholder and company value. In accordance with the "Company Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association," and in combination with the Company's actual situation, this system is hereby formulated.
Article 2 This system applies to directors, the President, Executive Presidents, the Chief Financial Officer, the Secretary of the Board, and other senior management personnel appointed by the Board of Directors.
Article 3 The remuneration management of the Company's directors and senior management shall adhere to the following principles: (1) Principle of fairness, reflecting that the income level is in line with the Company's scale and performance, while also considering market remuneration levels; (2) Principle of unity of responsibility, rights, and interests, reflecting that remuneration is commensurate with the value of the position and the extent of responsibilities and obligations; (3) Principle of long-term development, reflecting that remuneration is in line with the goal of the Company's sustained and healthy development; (4) Principle of equal emphasis on incentives and restraints, reflecting that remuneration payment is linked to assessment, rewards and punishments, and the incentive mechanism.