Management System for Remuneration of Directors and Senior Management
(Formulated in April 2026)
Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company"), establish scientific and effective incentive and restraint mechanisms, 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 relevant laws and regulations such as the "Company Law of the People's Republic of China" and the "Articles of Association of Guangzhou Yichang Technology Co., Ltd." (hereinafter referred to as the "Articles of Association").
Article 2 This system applies to the following personnel: (1) Directors, including non-independent directors and independent directors; (2) Senior management personnel, including the general manager, deputy general managers, financial controller, board secretary, 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 principle: income levels are consistent with the Company's scale and performance, and also consistent with external remuneration levels; (2) Unity of responsibility, rights, and interests principle: remuneration reflects the value of the position and the extent of responsibilities and obligations; (3) Long-term development principle: remuneration reflects alignment with the Company's goals for sustainable and healthy development; (4) Emphasis on both incentives and restraints principle: remuneration distribution reflects the results of assessments, reward and punishment mechanisms, and incentive mechanisms.