Chapter One General Principles
Article 1
To further improve the compensation management system for directors and senior management of Guangdong Xiaosong Technology Co., Ltd. (hereinafter referred to as the "Company"), and to establish a fair and reasonable salary distribution mechanism that promotes sustainable development, this system is formulated based on relevant laws and regulations.
Article 2
This system applies to the following personnel:
- Directors, including independent directors and non-independent directors (including job representatives);
- Senior management personnel, including general managers, deputy general managers, and other personnel as specified in the company’s articles of association.
Article 3
The Company shall establish a compensation committee to review the compensation standards for directors and senior management personnel according to the following principles:
- Fairness and consistency: The compensation should reflect the value of the position and the responsibilities undertaken.
- Performance-based principles: Compensation should be linked to the performance of the Company and the individual.
- Sustainable development principles: Compensation should align with the Company’s long-term development goals.
Chapter Two Management Structure
Article 4
The Company’s board of directors shall establish a compensation committee to review and approve the compensation plans for directors and senior management personnel. The committee shall consist of independent directors and other members as determined by the board.