KINGNET(SZ:002517) Zheng Quan Zhi Xing·2025-06-13 11:25Core Points - The article outlines the rules and regulations governing the Compensation and Assessment Committee of Kaixin Network Co., Ltd, aimed at improving the management of director and senior management compensation and assessment [1][2][3] Group 1: Committee Structure and Responsibilities - The Compensation and Assessment Committee is a specialized committee under the board of directors, responsible for establishing assessment standards and reviewing compensation policies for directors and senior management [1][2] - The committee consists of three directors, with a majority being independent directors, and is chaired by an independent director [3][4] - The committee is tasked with making recommendations to the board regarding the compensation of directors and senior management, as well as any changes to incentive plans [3][4] Group 2: Meeting Procedures - The committee meetings are convened by the chairperson, who can delegate responsibilities if unable to attend [2][5] - Meetings can be held in person or via remote communication, with notifications sent out at least five days in advance [5][6] - A quorum requires the presence of at least two-thirds of the committee members, and decisions are made by a majority vote [6][7] Group 3: Evaluation and Reporting - The committee evaluates the performance of directors and senior management based on self-reports and established performance criteria [5][6] - Recommendations for compensation adjustments are submitted to the board for approval, with the board required to document any deviations from the committee's recommendations [3][4] - The committee is also responsible for ensuring compliance with relevant laws and regulations during its operations [8][9]