Chapter 1 General Principles
Article 1
To further establish and improve the compensation management system for directors and senior management of Zhejiang Benli Technology Co., Ltd. (hereinafter referred to as "the Company"), and to fully motivate the work enthusiasm of the Company’s directors and senior management, thereby improving the operational management efficiency of the Company, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Code of Corporate Governance for Listed Companies," "Listing Rules for the Growth Enterprise Market of the Shenzhen Stock Exchange," and other relevant laws, regulations, and normative documents, as well as the provisions of the "Articles of Association of Zhejiang Benli Technology 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 following personnel:
- All directors of the Company, including independent directors, non-independent directors, and employee representative directors.
- Senior management personnel, including the general manager, deputy general managers, board secretary, financial officer, and other senior management personnel as stipulated in the Articles of Association.
Article 3
The compensation management for the Company’s directors and senior management shall adhere to the following principles:
- Fairness principle, reflecting that income levels are commensurate with the Company’s scale and performance, while also considering market compensation levels;
- The principle of unity of responsibility, authority, and interests, reflecting that compensation corresponds to the value of the position and the responsibilities undertaken;
- Long-term development principle, reflecting that compensation aligns with the goal of the Company’s sustainable and healthy development;
- Balance of incentives and constraints principle, reflecting that compensation distribution is linked to assessments, rewards, and penalties, and is connected to the incentive mechanism.
Chapter 2 Compensation Management Organization
Article 4
The Compensation and Assessment Committee of the Board of Directors is responsible for formulating and reviewing the compensation policies, plans, and assessment standards for directors and senior management, and for conducting assessments; it is responsible for evaluating whether it is necessary to initiate performance compensation recovery procedures for specific directors and senior management; and it supervises the implementation of the Company’s compensation system.