Chapter 1 General Principles
Article 1
To further establish and improve the compensation system for directors and senior management of Shenzhen Shouhang New Energy Co., Ltd. (hereinafter referred to as "the Company"), and to fully motivate the work enthusiasm of the Company's directors and senior management, thereby enhancing 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," "Listing Rules for the Growth Enterprise Market of the Shenzhen Stock Exchange," and other laws, administrative regulations, normative documents, and the provisions of the "Articles of Association of Shenzhen Shouhang New Energy Co., Ltd." (hereinafter referred to as "the Articles of Association").
Article 2
This system applies to the following personnel:
- Directors, including non-independent directors and independent directors;
- Senior management, including the general manager, deputy general managers, financial director, board secretary, and other senior management as stipulated in the Articles of Association.
Chapter 2 Compensation Management Organization
Article 3
The Company's Board of Directors' Compensation and Assessment Committee shall formulate the compensation plan for directors and senior management annually based on factors such as the scope of authority, role in the Company's operations, years of service, and compensation levels of similar enterprises in the region, clarifying the basis and specific components for determining compensation.
Article 4
The compensation plan for directors shall be implemented after being reviewed and approved by the Company's Board of Directors and the shareholders' meeting; the compensation plan for senior management shall be implemented after being reviewed and approved by the Company's Board of Directors.
Article 5
The Company shall establish fair and transparent performance and duty evaluation standards and procedures for directors and senior management. The performance evaluation of directors and senior management shall be organized by the Compensation and Assessment Committee, and the Company may entrust a third party to conduct the performance evaluation. When the Board of Directors or the Compensation and Assessment Committee evaluates an individual director or discusses their compensation, that director shall abstain from the discussion. If the Company incurs losses, it shall specifically indicate whether the changes in the compensation of directors and senior management comply with performance linkage requirements during the review of their compensation.