M&G(SH:603899) Zheng Quan Zhi Xing·2025-08-27 11:24Core Viewpoint - The document outlines the establishment and operational guidelines of the Compensation and Assessment Committee of Shanghai Morning Glory Stationery Co., Ltd, aimed at enhancing the governance structure and management of compensation and assessment for directors and senior management [1][2]. Group 1: Committee Structure and Responsibilities - The Compensation and Assessment Committee is a specialized body established by the board of directors, responsible for formulating assessment standards and compensation policies for directors and senior management [5]. - The committee consists of three directors, with at least two being independent directors, and is chaired by an independent director [5][6]. - The committee is tasked with proposing compensation policies, reviewing incentive plans, and ensuring compliance with legal and regulatory requirements [9]. Group 2: Meeting Procedures and Decision-Making - The committee holds regular meetings at least once a year and can convene temporary meetings as needed [14]. - A quorum for meetings requires the presence of at least two-thirds of the committee members, and decisions are made by a majority vote [17][18]. - Meeting records must be kept, and members are bound by confidentiality regarding the discussed matters until officially disclosed [25][7]. Group 3: Implementation and Compliance - The guidelines will take effect upon approval by the board of directors and must comply with relevant laws and the company's articles of association [26][29]. - Any inconsistencies between these guidelines and existing laws or regulations will be resolved in favor of the latter [29].