Shenzhen Yinzhijie Technology Co., Ltd.
Management System for Remuneration of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To further improve the remuneration management of directors and senior management of Shenzhen Yinzhijie Technology Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, fully mobilize the enthusiasm of the Company's directors and senior management, improve the Company's operational and management efficiency, and promote the Company's stable operation and sustainable development, this system is formulated in accordance with the "Company Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," and other laws and regulations, as well as the "Articles of Association of Shenzhen Yinzhijie Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in conjunction with the Company's actual situation.
Article 2 This system applies to the Company's directors and senior management. Senior management includes: General Manager, Deputy General Managers, Secretary of the Board, and Chief Financial Officer.
Article 3 The remuneration management of the Company's directors and senior management adheres to the following principles: (1) Reflecting the principle that income levels are consistent with the Company's scale and performance, and are also aligned with external remuneration levels; (2) Reflecting the principle of equal rights, responsibilities, and obligations, with remuneration commensurate with the value of the position and the extent of responsibility undertaken; (3) Reflecting the principle of the Company's long-term interests, consistent with the goal of the Company's sustained and healthy development; (4) Reflecting the principle of balancing incentives and restraints, and equal rewards and punishments, with remuneration distribution linked to performance appraisal and rewards and punishments.
Chapter 2 Remuneration Management Organization
Article 4 The Board of Directors shall review the remuneration plan for the Company's management personnel, explain it to the Shareholders' Meeting, and fully disclose it; the Shareholders' Meeting shall review the remuneration plan for the Company's directors and fully disclose it. When the Board of Directors or the Remuneration and Assessment Committee evaluates or discusses the remuneration of a director, that director shall recuse himself.
Article 5 The Remuneration and Assessment Committee of the Company shall be responsible for formulating and reviewing the remuneration policies and plans for the Company's directors and senior management; it shall be responsible for formulating the assessment standards for the Company's directors and senior management and conducting annual assessments; it shall be responsible for evaluating whether it is necessary to initiate clawback procedures for performance-based remuneration for specific directors and senior management; and it shall be responsible for supervising the implementation of the Company's remuneration system.