Chapter 1 General Principles
Article 1
To further improve the governance structure of Jiangsu JieJie Microelectronics Co., Ltd. (hereinafter referred to as "the Company"), enhance management levels, establish and perfect the incentive and restraint mechanism for operators, fully mobilize the enthusiasm and creativity of directors, improve the management level of the enterprise, ensure the healthy, sustainable, and stable development of the Company, and strengthen and standardize the management of directors, this plan is formulated in accordance with the "Company Law of the People's Republic of China," "Guidelines for the Governance of Listed Companies," and other relevant laws, regulations, and the "Articles of Association," combined with the actual situation of the Company and the income levels of the industry and region.
Article 2
This plan applies to all directors of the Company.
Article 3
The determination of director compensation follows the following principles:
- Adhere to the principle of combining distribution according to labor with responsibility, authority, and benefits;
- Implement the principle of linking income levels with company performance and work objectives;
- Combine compensation with the long-term interests of the Company;
- Ensure that compensation standards are public, fair, and transparent;
- Adhere to the principle of "rewards and penalties, equal rewards and penalties, and a balance of incentives and constraints" in compensation income.
Chapter 2 Management Institutions
Article 4
The Compensation and Assessment Committee of the Board of Directors is the management body responsible for assessing directors and initially determining compensation distribution. When the Compensation and Assessment Committee evaluates individual directors or discusses their compensation, the concerned director shall abstain.
Article 5
The director compensation plan must be reviewed by the Board of Directors and submitted for approval at the shareholders' meeting before implementation.