Suzhou Victory Precision Manufacturing Technology Co., Ltd. Management System for Compensation of Directors and Senior Management (Revised April 2026)
Chapter 1 General Provisions
Article 1 To further improve the incentive and restraint mechanism of Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company"), fully mobilize the enthusiasm and creativity of directors and senior management, and ensure the sustained, healthy, and stable development of the Company, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association" and the Company's actual situation.
Article 2 This system applies to the following personnel: (1) Directors, including independent directors and non-independent directors (including employee representative directors); (2) Senior management personnel, including the general manager, deputy general managers, chief financial officer, board secretary, and other senior management personnel as stipulated in the "Articles of Association."
Article 3 The determination of compensation for directors and senior management shall follow the following principles: (1) The principle of distribution according to work, matching responsibilities, rights, and benefits; (2) The principle of linking compensation to company benefits and work objectives; (3) The principle of combining compensation with the Company's long-term interests, ensuring the growth of the main business, controlling short-term behavior, and promoting the Company's long-term and stable development; (4) The principle of compensation emphasizing "rewards and punishments, equal rewards and punishments, and balancing incentives and restraints."