Shandong Molong Petroleum Machinery Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the eighth board of directors on March 31, 2026, to review the "2026 Remuneration Plan for Directors and Senior Management." All directors abstained from voting on this proposal, which will be submitted directly to the Company's 2025 annual shareholders' meeting for consideration. The details are as follows:
To further improve the remuneration management of the Company's directors and senior management, establish and enhance the incentive and restraint mechanisms for operators, maintain the stability of the core management team, effectively motivate the work enthusiasm of directors and senior management, and promote the growth and sustainable development of the Company, the remuneration plan for directors and senior management for 2026 is as follows:
1. Scope of Application
Applicable to the Company's directors (including independent directors and employee representative directors) and senior management.
2. Duration of Application
From January 1, 2026, to December 31, 2026.