Jiangsu (SH:688426) Zheng Quan Zhi Xing·2025-08-29 17:12Core Viewpoint - The company has established a comprehensive compensation management system for its directors and senior management to enhance operational efficiency and ensure sustainable development [3]. Group 1: Compensation Structure - The compensation for internal directors is based on their specific roles, while external directors receive a monthly allowance without additional salary [2][3]. - Independent directors receive a monthly allowance as well, with necessary expenses for attending meetings covered by the company [2][3]. - Senior management's compensation consists of a base salary and performance bonuses linked to the company's annual performance [4]. Group 2: Compensation Management Principles - The compensation system aligns with the company's operational scale and performance [3]. - It emphasizes the integration of responsibilities, rights, and benefits, ensuring that compensation corresponds to management responsibilities [3]. - The system promotes long-term development, linking compensation to the company's sustainable growth objectives [3]. - It balances incentives and constraints, connecting overall compensation levels to assessment and reward mechanisms [3]. - Transparency and fairness are key principles in the compensation management process [3]. Group 3: Adjustment and Evaluation - Compensation for directors and senior management will be adjusted based on the company's operational performance [5]. - The company will consider industry salary trends, inflation, and individual performance when adjusting compensation [12]. - In cases of resignation or dismissal due to misconduct, compensation will be calculated based on actual tenure and performance, with potential recovery of performance-related pay [7][12]. Group 4: Implementation and Governance - The shareholders' meeting is responsible for reviewing the compensation assessment system for directors, while the board oversees senior management's compensation [4]. - The compensation and assessment committee is tasked with establishing evaluation standards and decision-making processes for compensation [4]. - The human resources and finance departments will assist in implementing the compensation plans [4].