Shenzhen Fastprint Circuit Board Technology Co., Ltd.
Management System for Director and Senior Management Remuneration
Article 1 To further improve the remuneration system management for directors and senior management of Shenzhen Fastprint Circuit Board Technology Co., Ltd. (hereinafter referred to as the "Company"), establish and improve the incentive and restraint mechanism for the management, fully mobilize the enthusiasm of the Company's directors and senior management, and improve the Company's operational efficiency, in accordance with the "Company Law of the People's Republic of China," "Code of Corporate Governance for Listed Companies," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Shenzhen Fastprint Circuit Board Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), this "Management System for Director and Senior Management Remuneration of Shenzhen Fastprint Circuit Board Technology Co., Ltd." (hereinafter referred to as "this System") is formulated.
Article 2 This System applies to all directors (including independent directors) and senior management of the Company.
Article 3 Definitions
(1) Basic Remuneration: The fixed basic annual income for directors and senior management, determined based on job responsibilities, industry salary levels, and other factors, to ensure their basic performance of duties and living needs.
(2) Performance Remuneration: Floating remuneration linked to the annual performance appraisal results of directors and senior management, determined based on the completion of the Company's annual operating objectives and the achievement of individual performance targets.
(3) Long-term Incentives: Incentive arrangements implemented to guide directors and senior management to focus on the Company's long-term development, including equity incentives (stock options, restricted stock, etc.) or tenure incentives.
Article 4 The remuneration management for the Company's directors and senior management adheres to the following principles:
(1) Adherence to the principle of distribution according to work and the combination of responsibility, rights, and benefits;
(2) Linked to the Company's benefits and work objectives;
(3) Linked to the Company's long-term interests;
(4) Objective, fair, just, and open.
Article 5 The Remuneration and Appraisal Committee of the Board of Directors is responsible for formulating the assessment standards for directors and senior management and conducting assessments, formulating and reviewing the remuneration policies and plans for directors and senior management, and submitting recommendations to the Board of Directors.