Zhejiang Kang Sheng 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 Zhejiang Kang Sheng 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 promote the sustained, stable, and healthy development of the Company, in accordance with the "Company Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," and other laws and regulations, and the "Articles of Association of Zhejiang Kang Sheng Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in conjunction with the Company's actual situation, this system is formulated.
Article 2 The scope of application of this system includes: (1) Company directors: including non-independent directors (including employee representative directors) and independent directors; (2) Company senior management: including the general manager, deputy general managers, secretary of the board, financial controller, and other senior management personnel as stipulated in the "Articles of Association."
Article 3 This system follows the following principles: (1) Fairness principle: The compensation level is consistent with the Company's scale and performance, and also takes into account external compensation levels. (2) Unity of responsibility, rights, and interests principle: Reflects the consistency of compensation with the value of the position, and the magnitude of responsibilities undertaken. (3) Long-term development principle: Compensation is consistent with the Company's long-term sustainable and healthy development goals. (4) Incentive and restraint principle: Reflects the linkage between compensation payment and assessment results, rewards and punishments, and incentive mechanisms.