VASTDATA(SH:603138) Zheng Quan Zhi Xing·2025-06-26 16:22Core Viewpoint - The document outlines the compensation management system for directors and senior management at Beijing Haoliang Data Technology Co., Ltd, aiming to establish an effective incentive and restraint mechanism to enhance work motivation [1][2]. Group 1: General Principles - The compensation management system is designed to comply with relevant laws and regulations, including the Company Law of the People's Republic of China and the Corporate Governance Guidelines for Listed Companies [1]. - The system applies to all directors and senior management personnel, including the chairman, directors (including independent directors), general manager, deputy general managers, board secretary, and financial director [1]. Group 2: Management Structure - The shareholders' meeting is responsible for reviewing the compensation plans for directors, while the board of directors is responsible for reviewing the compensation plans for senior management [2]. Group 3: Compensation Structure - Directors' compensation includes fixed allowances for independent directors, which are subject to approval by the shareholders' meeting, and travel expenses incurred for attending meetings are covered by the company [2][3]. - Senior management compensation consists of a basic annual salary and performance bonuses, with the specific plan developed by the compensation and assessment committee and approved by the board [3]. Group 4: Compensation Distribution and Management - The compensation and assessment committee organizes and implements the annual performance assessment of senior management based on the approved annual business plan [4]. - Taxes and social insurance contributions are deducted from the basic salary and performance bonuses according to national regulations [4]. Group 5: Compensation Adjustment - Compensation can be adjusted based on industry salary levels, regional salary levels, inflation, and the company's actual operating conditions [6]. - The compensation and assessment committee can approve temporary special rewards or penalties for specific matters as a supplement to the compensation of directors and senior management [6]. Group 6: Additional Provisions - The document specifies that any matters not covered or inconsistent with relevant laws, regulations, or the company's articles of association will be executed according to those laws and regulations [6]. - The compensation and assessment committee is responsible for interpreting the document [6].