YUANLI(SH:603217) Zheng Quan Zhi Xing·2025-08-27 16:41General Overview - The document outlines the working rules of the Remuneration and Assessment Committee of Yuanli Chemical Group Co., Ltd, aimed at establishing a sound assessment and remuneration management system for directors and senior management [1][2]. Committee Structure - The Remuneration and Assessment Committee consists of three directors, with a majority being independent directors [4]. - The committee is chaired by an independent director elected by the board and has a term aligned with that of the board [6]. Responsibilities and Authority - The committee is responsible for formulating remuneration plans based on the responsibilities and importance of management positions, including performance evaluation standards and reward systems [3]. - It conducts annual performance evaluations of non-independent directors and senior management, supervises the execution of the remuneration system, and handles other matters authorized by the board [3][4]. Decision-Making Procedures - The committee's daily operations are supported by a working group that prepares necessary materials, including financial indicators and performance metrics [4][5]. - The evaluation process involves self-assessments from directors and senior management, followed by performance evaluations based on established standards [5]. Meeting Rules - Meetings require a two-thirds attendance of committee members and decisions are made by a majority vote [6]. - The committee can invite external advisors for professional opinions when necessary, with costs covered by the company [6][7]. Implementation and Amendments - The working rules take effect upon approval by the board and will be amended in accordance with national laws and company regulations if conflicts arise [7].