Directors and Senior Management Remuneration Management System
Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Shenzhen Topband Co., Ltd. (hereinafter referred to as the "Company"), establish and improve the incentive and restraint mechanism for operators, maintain the stability of the core management team, effectively mobilize the enthusiasm and creativity of directors and senior management, improve the company's operational management level, align the interests of operators with the company's long-term interests, and promote the company's healthy, sustained, and stable development, in accordance with the "Company Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," the "Articles of Association," the "Working Rules of the Remuneration and Appraisal Committee," and other relevant laws and regulations, and in conjunction with the company's actual situation, this system is hereby formulated.
Article 2 Directors and senior management covered by this system include: company directors (including independent directors), general manager, deputy general managers, secretary of the board of directors, financial controller, and other senior management personnel as stipulated in the "Articles of Association."
Article 3 The company's remuneration system follows the following principles:
- Reflecting the principle that the income level is consistent with the company's scale and performance, and is also consistent with the external remuneration level;
- Reflecting the principle of equal rights and responsibilities, with remuneration commensurate with the value of the position and the level of responsibility undertaken;
- Reflecting the principle of the company's long-term interests, consistent with the goal of the company's sustained and healthy development;
- Reflecting the principle of equal emphasis on incentives and restraints, and equal rewards and punishments, with remuneration linked to performance appraisal and rewards and punishments.