Shenzhen Keanda Electronic Technology Co., Ltd. Compensation Management System for Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the compensation management of directors and senior management of Shenzhen Keanda Electronic Technology Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and reasonable incentive and restraint mechanism, fully mobilize the enthusiasm and creativity of the Company's directors and senior management, improve economic efficiency and management level, and promote the healthy, sustainable, and stable development of the Company and ensure the realization of the Company's development strategic goals, the Company's Board of Directors has formulated this Compensation Management System in accordance with relevant laws, regulations, and regulatory requirements, combined with the Company's actual situation.
Article 2 Personnel applicable to this system include: Company directors, General Manager (President), Deputy General Managers (Vice Presidents), Secretary of the Board, Chief Financial Officer, and other senior management personnel as stipulated in the "Articles of Association".
Article 3 The compensation management system for the Company's directors and senior management follows the following principles: (1) Compensation level matches the Company's scale and performance, while also considering market compensation levels; (2) Compensation level matches the value of the position and the responsibilities and obligations; (3) Consistent with the Company's long-term interests and the goal of sustainable healthy development; (4) Compensation payment is linked to the incentive, reward, punishment, and motivation mechanism.
Chapter 2 Compensation Management Organization
Article 4 The compensation plan for the Company's directors and senior management shall be formulated by the Board's Compensation and Assessment Committee, clarifying the basis for determining compensation and its specific composition. The compensation plan for directors shall be decided by the Shareholders' Meeting and disclosed. When the Board or the Compensation and Assessment Committee evaluates a director's performance or discusses their remuneration, that director shall recuse themselves. The compensation plan for senior management shall be approved by the Board, explained to the Shareholders' Meeting, and fully disclosed.
Article 5 Relevant functional departments of the Company shall cooperate with the Board's Compensation and Assessment Committee to conduct annual performance evaluations of directors and senior management and the specific implementation of the compensation plan.
Chapter 3 Compensation Plan