Chapter 1 General Principles
Article 1
To improve the compensation management for directors and senior management of Shenzhen Sifang Jingchuang Information Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, fully mobilize the enthusiasm, initiative, and creativity of the Company's directors and senior management, and enhance the Company's operational management level, this system is formulated based on the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and relevant provisions of the "Articles of Association of Shenzhen Sifang Jingchuang Information Co., Ltd." (hereinafter referred to as "the Articles of Association"), while fully considering the Company's operational situation and industry characteristics.
Article 2
This system applies to all directors (including non-independent directors and independent directors) and senior management of the Company, as well as other personnel deemed applicable by the Company's Board of Directors' Compensation and Assessment Committee.
Article 3
The compensation management for the Company's directors and senior management follows these principles:
- The principle of equivalence of responsibilities, rights, and benefits, reflecting the matching of position value, responsibilities, contributions, and benefits;
- The principle that compensation levels are linked to the Company's scale, effectiveness, and operational goals;
- The principle that performance assessments are linked to compensation;
- The principle of combining short-term stability with long-term incentives, emphasizing both incentives and constraints.
Chapter 2 Compensation Management Organization
Article 4
The Company's shareholders' meeting is responsible for reviewing the compensation of directors, while the Board of Directors is responsible for reviewing the compensation of directors and senior management.
Article 5
The Compensation and Assessment Committee of the Board of Directors (hereinafter referred to as "the Compensation and Assessment Committee") is responsible for formulating assessment standards for directors and senior management, conducting assessments, and developing and reviewing the compensation decision-making mechanism, decision-making processes, payment and recovery arrangements, and other compensation policies and plans.
Article 6
The Company's Human Resources Department, Finance Department, and other relevant functional departments cooperate with the Compensation and Assessment Committee of the Board of Directors to implement the compensation plans for the Company's directors and senior management.