Guandada Technology 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 Guandada Technology 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 improve the Company's operational and management efficiency, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Guiding Principles on Corporate Governance of Listed Companies," and other relevant laws, regulations, and normative documents, as well as the Company's Articles of Association, and in combination with the Company's actual situation.
Article 2 This system applies to directors and senior management as stipulated in the Articles of Association.
Article 3 The Company's compensation management adheres to the following principles: (1) Principle of fairness, reflecting that the income level is in line with the Company's scale and performance, and is also consistent with external compensation levels; (2) Principle of unity of responsibility, rights, and benefits, reflecting that compensation is commensurate with the value of the position and the extent of responsibilities undertaken; (3) Principle of long-term development, reflecting that compensation is aligned with the Company's goals for sustainable and healthy development; (4) Principle of equal emphasis on incentives and restraints, reflecting that compensation distribution is linked to performance appraisal, rewards, and punishments, and incentive mechanisms.
Article 4 The total salary of the Company's directors and senior management is determined by taking the total salary of the previous year as a reference, combined with the Company's operating performance, individual performance, and the Company's future development plans.