Chapter 1 General Principles
Article 1
To further improve the governance structure of Jiangxi Xinyu Guoke Technology Co., Ltd. (hereinafter referred to as "the Company"), strengthen and standardize the management of compensation for directors and senior management, and to scientifically, objectively, fairly, and normatively evaluate the operational performance of the Company's directors and senior management, an effective incentive and restraint mechanism is to be established. This aims to fully motivate the work enthusiasm and creativity of directors and senior management, promoting the sustainable and healthy development of the Company. This system is formulated in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as "Company Law"), "Securities Law of the People's Republic of China" (hereinafter referred to as "Securities Law"), "Code of Corporate Governance for Listed Companies," and other relevant laws and regulations, as well as the provisions of the Articles of Association of Jiangxi Xinyu Guoke Technology Co., Ltd., combined with the actual situation of the Company.
Article 2
The term "directors and senior management" in this system refers to all directors, general managers, deputy general managers, board secretaries, financial officers, and other senior management personnel appointed by the shareholders' meeting or the board of directors, collectively referred to as "directors and senior management."
Article 3
The compensation for the Company's directors and senior management should be aligned with market development, matched with the Company's operational performance and individual performance, and coordinated with the Company's sustainable development.
Article 4
The distribution of compensation for the Company's directors and senior management follows these basic principles:
- The principle of distribution according to labor, matching responsibilities, rights, and benefits;
- The principle that individual income levels are linked to company benefits and work objectives;
- The principle of combining compensation with the long-term interests of the Company;
- The principle of assessment being open, fair, and just, with scientific evaluation and strict fulfillment;
- The Company should determine the compensation distribution ratio for directors, senior management, and ordinary employees based on industry levels, development strategies, job values, etc., promoting a tilt in compensation distribution towards key positions, frontline production, and urgently needed high-level, high-skilled talents, thereby enhancing the compensation level of ordinary employees.