Chapter 1 General Principles
Article 1
To further improve the compensation management for directors and senior management of Beijing Saisheng Pharmaceutical Co., Ltd. (hereinafter referred to as "the Company"), establish and enhance the incentive and restraint mechanism for operators, maintain the stability of the core management team, effectively motivate the work enthusiasm of the Company's directors and senior management, improve the Company's management level, and promote the healthy, sustainable, and stable development of the Company, this compensation management system is specially formulated in accordance with the "Company Law of the People's Republic of China," "Code of Corporate Governance for Listed Companies," and other relevant laws and regulations, as well as the provisions of the "Articles of Association of Beijing Saisheng Pharmaceutical Co., Ltd." (hereinafter referred to as "the Articles of Association").
Article 2
This system applies to the directors and senior management of the Company. Senior management refers to the general manager, deputy general managers, board secretary, financial director, and other senior management as stipulated in the Articles of Association.
Article 3
The compensation for directors and senior management is closely linked to the long-term development of the Company and the interests of shareholders, ensuring the long-term stable development of the Company. The compensation is closely related to the Company's performance and work objectives, while also aligning with market value principles. The Company's compensation system follows these principles:
- Fairness principle, reflecting income levels that match the Company's scale and performance while considering market compensation levels;
- Unity of responsibility, authority, and benefits principle, reflecting the correspondence between compensation and the value of the position and the extent of responsibilities;
- Long-term development principle, reflecting the alignment of compensation with the goals of the Company's sustainable and healthy development;
- Balance of incentives and constraints principle, reflecting the linkage between compensation distribution and assessment, rewards and penalties, and the incentive mechanism.