Zhuhai Allwinner Technology Co., Ltd. Compensation Management System for Directors and Senior Management
Chapter 1 General Principles
Article 1 To further improve the compensation management of directors and senior management of Zhuhai Allwinner Technology Co., Ltd. (hereinafter referred to as the "Company"), establish a scientific and effective incentive and restraint mechanism, effectively mobilize the enthusiasm and creativity of directors and senior management, and improve the Company's operational management efficiency, in accordance with the "Company Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 2 - Norms for the Operation of GEM Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association," and in combination with the Company's actual situation, this system is formulated.
Article 2 This system applies to directors and senior management as stipulated in the "Articles of Association."
Article 3 The Company's compensation management follows the following principles: (1) Reflecting the principle that income levels are consistent with the Company's scale and performance, while also referencing external compensation levels; (2) Reflecting the principle of the parity of responsibility, rights, and benefits, with compensation matched to position value, fulfillment of responsibilities, and individual performance; (3) Reflecting the principle of the Company's long-term interests, consistent with the goal of sustainable and healthy development of the Company; (4) Reflecting the principle of balancing incentives and constraints, with compensation distribution linked to assessment, rewards and punishments, and incentive mechanisms.
Chapter 2 Compensation Management Body