300653SZSE

Board Compensation and Assessment Management System

✨ AI Summary

This document outlines the management system for board compensation at Yantai Zhenghai Biological Technology Co., Ltd. It aims to enhance strategic development and management efficiency while incentivizing directors. Key principles include responsibility, performance linkage, and alignment with company goals. The system will be effective from the 2026 fiscal year, following approval by the shareholders' meeting.

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Full Translation

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Chapter 1 General Principles

Article 1

To promote the strategic development of the company, improve management levels, and further enhance board compensation management, this system is established to incentivize directors to fulfill their duties and create greater benefits for the company and shareholders. This is based on the principles of responsibility, authority, and benefits, in accordance with the Company Law, the Code of Corporate Governance for Listed Companies, and the Articles of Association, while fully considering the company's actual situation and industry characteristics.

Article 2

This system applies to the company's directors, including independent directors and non-independent directors (including employee representative directors).

Article 3

The determination of board compensation follows these principles:

  1. Responsibility Principle: Compensation levels are determined based on job position, performance, contributions, and a combination of responsibilities, rights, and benefits.
  2. Performance Principle: Performance compensation is linked to the completion of individual job responsibilities and is combined with the company's annual evaluation scores and individual annual performance assessment results.
  3. Comprehensive Consideration Principle: The compensation scheme is linked to the company's operational performance and the achievement of operational goals.

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