Chapter 1 General Principles
Article 1
To further improve the compensation management for directors and senior management of Suzhou Tianfu Optical Communication Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, fully mobilize the work enthusiasm of the Company's directors and senior management, and enhance the operational management efficiency of the Company, this system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Guidelines for Corporate Governance of Listed Companies, and other relevant laws, regulations, normative documents, and the Articles of Association of Suzhou Tianfu Optical Communication Co., Ltd. (hereinafter referred to as "the Articles of Association").
Article 2
This system applies to the following personnel:
- Directors, including non-independent directors and independent directors;
- Senior management, including the general manager, deputy general managers, board secretary, financial officer, and other senior management as stipulated in the Articles of Association.
Article 3
The Company's compensation system follows the principles of:
- Combining labor distribution with responsibility, authority, and benefits;
- Linking compensation with company performance and work objectives;
- Combining short-term and long-term incentives;
- Ensuring openness, fairness, and transparency.
Chapter 2 Management Institutions
Article 4
The Company's Board of Directors' Compensation and Assessment Committee is responsible for formulating assessment standards for directors and senior management, conducting assessments, and establishing and reviewing the compensation decision-making mechanism, decision-making processes, payment and cessation arrangements, and other compensation policies and plans.
Article 5
The Company's human resources and finance departments cooperate with the Board of Directors' Compensation and Assessment Committee to implement the compensation plans for directors and senior management.