HST(SH:600817) Zheng Quan Zhi Xing·2025-07-23 16:23General Principles - The company aims to promote strategic development and establish effective incentive and restraint mechanisms to enhance operational management levels [1] Director Allowances - Independent directors receive an annual allowance of RMB 160,000, while non-independent directors receive RMB 50,000 [2] - Allowances are pre-tax amounts, with the company responsible for withholding personal income tax [2] - Allowances are not paid if directors are publicly reprimanded or deemed inappropriate by the stock exchange, or if they face administrative penalties from the China Securities Regulatory Commission [2][2][2] Senior Management Compensation - Senior management compensation is determined based on principles that link income levels to company performance and long-term interests [3][4] - The compensation consists of a basic salary and performance-based pay, with the performance assessment based on economic benefits and work objectives [4][5] - The performance evaluation results are tied to appointments and renewals, allowing the company to adjust management positions based on performance [5] Incentive Fund - The company has established an incentive fund to motivate directors and senior management, with a maximum withdrawal limit of 8% of the net profit attributable to the parent company's shareholders [6] - The use of the incentive fund is performance-oriented and must adhere to legal and regulatory requirements [6][6] - Any unfulfilled incentive requirements will result in the recovery of the incentive fund, which will be added back to the incentive pool for future use [6] Supervision and Management - The company conducts annual performance assessments based on audited financial data, with penalties for any discrepancies or false records [7] Supplementary Provisions - The management measures become effective upon approval by the shareholders' meeting, and any conflicts with the latest laws and regulations will defer to those regulations [8][8]