Chapter 1 General Principles
Article 1 Purpose
To promote the strategic development of Shenzhen Jianyi Decoration Group Co., Ltd. (hereinafter referred to as "the Company" or "Jianyi Group"), establish a scientific and effective incentive and restraint mechanism, enhance operational management efficiency, and promote the Company's healthy and sustainable development, these measures are formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law") and other relevant laws and regulations, as well as the Articles of Association of Shenzhen Jianyi Decoration Group Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2 Scope of Application
These measures apply to directors elected by the shareholders' meeting/employee representative assembly and senior management personnel appointed by the board of directors, specifically including the following personnel:
- Directors: including non-independent directors and independent directors. Non-independent directors refer to those who have an employment relationship with the Company or do not have an employment relationship with the Company but hold relevant positions and are responsible for managing related affairs; independent directors refer to those who do not have an employment relationship with the Company.
- Senior management personnel: refer to other senior management personnel as stipulated in the Articles of Association or recognized by the board of directors, mainly including the general manager, deputy general managers, board secretary, financial director, etc.
Article 3 Principles
- Reflect the principle of "responsibility, authority, and benefits" being unified, with compensation corresponding to the value of the position and the size of the responsibilities undertaken.
- Reflect the principle of long-term interests of the Company, aligning with the goal of sustainable and healthy development.
- Reflect the principle of balancing incentives and constraints, with compensation linked to performance assessment and rewards and penalties.
- Align with the principle of market competition levels in the industry.
- Adhere to the principles of standard fairness, open procedures, and equitable distribution.
Article 4 Responsibilities
- The board of directors shall establish a compensation and assessment committee, which is responsible for formulating the compensation management measures for directors and senior management personnel, and after being reviewed and approved by the board of directors and the shareholders' meeting, supervise the implementation of the compensation management measures.
- The Human Resources Management Center and the Financial Management Center shall cooperate with the board of directors' compensation and assessment committee in the specific implementation of the compensation management measures for directors and senior management personnel.
Chapter 2 Compensation Plan Design
Article 5
To ensure the objectivity, fairness, and scientific nature of the compensation plan design, the Company will conduct market salary surveys periodically to attract, retain, and motivate talent.
Article 6 Sources of Benchmark Company Compensation Data
The compensation data of benchmark companies mainly comes from third-party professional consulting firms' compensation survey reports, compensation databases, etc.