Beijing BDStar Navigation Co., Ltd.
Compensation Management System for Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the compensation management of directors and senior management of Beijing BDStar Navigation Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, effectively mobilize the work enthusiasm of the Company's directors and senior management, and enhance the Company's operational and management efficiency, this system is formulated in accordance with the "Corporate Governance Guidelines for Listed Companies" issued by the China Securities Regulatory Commission, other laws and regulations, and the "Articles of Association" of the Company, combined with the Company's actual situation.
Article 2 Directors refer to all incumbent members of the Board of Directors during the period of implementation of this system. They include the Chairman, other directors nominated by the Board of Directors, independent directors, and employee representative directors, etc.
Article 3 Senior management refers to the senior management personnel stipulated in the "Articles of Association" during the period of implementation of this system, including the General Manager, Deputy General Managers, Secretary of the Board of Directors, and Chief Financial Officer, etc.
Article 4 The compensation of directors and senior management shall be linked to the Company's long-term development and shareholder interests, ensuring the Company's long-term stable development. The compensation of directors and senior management shall be closely linked to the Company's performance and work objectives, and shall also be in line with the laws of market value.