Chapter 1 General Principles
Article 1
To establish and improve the assessment and remuneration management system for the company's directors and senior management, and to enhance the corporate governance structure, Shanghai Weihong Electronic Technology Co., Ltd. (hereinafter referred to as "the Company") has established the Remuneration and Assessment Committee of the Board of Directors and formulated these working rules in accordance with the "Company Law of the People's Republic of China," "Code of Corporate Governance for Listed Companies," "Measures for the Administration of Independent Directors of Listed Companies," "Self-Regulatory Guidelines No. 2 for the Standardized Operation of GEM Listed Companies" and other relevant laws and regulations, as well as the provisions of the "Articles of Association of Shanghai Weihong Electronic Technology Co., Ltd." (hereinafter referred to as "the Articles of Association").
Article 2
The Remuneration and Assessment Committee is a specialized body under the Board of Directors, primarily responsible for formulating assessment standards for directors and senior management, conducting assessments, and developing and reviewing remuneration policies and plans for directors and senior management.
Article 3
In these rules, "directors" refers to all directors elected by the shareholders' meeting, including independent directors, while "senior management" refers to the general manager, deputy general managers, board secretary, financial director, and other senior management personnel recognized by the Board of Directors upon the recommendation of the general manager.