Qingdao Sanhe Rubber Co., Ltd. (hereinafter referred to as "the Company") held its fourth board meeting on April 28, 2026, and discussed the "Announcement on the 2026 Remuneration Plan for Directors and Senior Management." The proposal will be submitted directly to the shareholders' meeting for approval. The details of the proposal are as follows:
I. Scope of Application
This plan applies to the directors and senior management of the Company.
II. Duration
From January 1, 2026, to December 31, 2026.
III. Remuneration Plan
(1) Director Remuneration Plan
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Independent Directors: The remuneration for independent directors is set at 100,000 yuan/year (before tax), paid monthly.
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Non-independent Directors: The remuneration for non-independent directors is based on the basic remuneration, with additional performance bonuses and medium to long-term incentive income, among other components. The total remuneration for non-independent directors shall not exceed 50% of the basic remuneration plus performance bonuses.
(2) Senior Management Remuneration Plan
The remuneration for senior management is based on the basic remuneration, with performance bonuses and medium to long-term incentive income. The performance bonus shall not exceed 50% of the total remuneration based on the basic remuneration. The remuneration level shall correspond to market development and align with the Company's operational development.
IV. Other Matters
(1) Director and Senior Management Remuneration
- The Company will ensure that the remuneration standards are consistent with the relevant regulations and will not include the following:
- Personal income tax on behalf of individuals;
- Social insurance expenses and other personal expenses;
- Other items that should be borne by individuals as stipulated by national or company regulations.