Compensation Management System for Directors and Senior Management of CITIC Publishing Group Co., Ltd.

✨ AI Summary

The purpose of this document is to establish a clear and effective compensation management system for directors and senior management at CITIC Publishing Group. Key principles include fairness, alignment with company performance, and a balance of incentives and constraints. The document outlines the roles of the shareholders' meeting and the compensation committee in approving compensation standards and policies, ensuring accountability and performance-based evaluations.

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Full Translation

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Chapter 1 General Principles

Article 1

To further clarify and improve the compensation management system for directors and senior management of CITIC Publishing Group Co., Ltd. (hereinafter referred to as "the Company"), establish a scientific and effective incentive and restraint mechanism, and promote the Company's sustainable, healthy, and high-quality development, this system is formulated in accordance with the Company Law of the People's Republic of China, the Guidelines for Corporate Governance of Listed Companies, and other relevant laws, regulations, and normative documents, as well as the provisions of the Articles of Association of CITIC Publishing Group Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.

Article 2

This system applies to the scope of directors and senior management as stipulated in the Articles of Association.

Article 3

The management of director and senior management compensation in the Company follows the principles below:

Fairness principle, reflecting compensation that corresponds to the Company's scale and performance, while referencing external industry compensation levels;
Equivalence of rights and responsibilities principle, reflecting compensation that corresponds to job value, responsibilities undertaken, and individual performance;
Long-term development principle, reflecting compensation that aligns with the goals of the Company's sustainable and healthy development;
Balance of incentives and constraints principle, reflecting that compensation distribution is linked to performance evaluations.

Chapter 2 Compensation Management Organization

Article 4

The shareholders' meeting of the Company is responsible for reviewing and approving the compensation standards and plans for directors, while the board of directors is responsible for reviewing and approving the compensation standards and plans for senior management.

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