Chapter One: General Principles
Article 1
To standardize the management of compensation and performance assessment for directors and senior management of Zhejiang Fuchunjiang Environmental Protection Thermal Power Co., Ltd. (hereinafter referred to as "the Company"), and to establish a scientific and effective incentive and restraint mechanism that effectively motivates the work enthusiasm and creativity of directors and senior management, enhances the company's management level, and promotes the growth of corporate benefits, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Code of Corporate Governance for Listed Companies," "Articles of Association," and other relevant regulations, combined with the actual situation of the Company.
Article 2
This system applies to the Company's non-independent directors, independent directors, and senior management personnel recognized by the "Articles of Association" (including but not limited to the general manager, deputy general manager, financial director, board secretary, and other personnel specified in the "Articles of Association"). The chairman, vice-chairman, party secretary, deputy party secretary, and discipline inspection secretary of the Company shall implement this system by reference.
Article 3
The principles of compensation and performance assessment for the Company's directors and senior management are as follows:
- Principle of openness, fairness, and justice;
- Principle of balancing incentives and constraints;
- Principle of linking compensation to job responsibilities and work performance;
- Principle of aligning compensation with the Company's operational status and market compensation levels.