UE(SH:603600) Zheng Quan Zhi Xing·2025-09-01 10:11Core Points - The compensation management system of Yongyi Furniture Co., Ltd. aims to enhance the motivation of directors and senior management, improve operational management, and promote sustainable development of the company [1] - The compensation for directors and senior management should align with market development, company performance, and sustainable growth [1] Group 1: General Principles - The compensation management system applies to directors (including independent directors) and senior management [1] - Compensation principles include fairness, alignment of rights and responsibilities, long-term development, and a balance of incentives and constraints [1] Group 2: Compensation Management Structure - The Board's Compensation and Assessment Committee is responsible for establishing assessment standards and compensation policies for directors and senior management [2] - The compensation plan for directors is decided by the shareholders' meeting, while the plan for senior management is approved by the Board [2] Group 3: Compensation Standards and Composition - Senior management compensation consists of basic salary and performance-based pay [3] - Basic salary is determined based on the management position and responsibilities, while performance pay is based on the achievement of company goals and individual performance assessments [3] Group 4: Compensation Adjustment - The compensation system should serve the company's strategic goals and be adjusted according to changes in business conditions [6] - Factors influencing adjustments include internal factors like strategic planning and external factors like industry policies and market changes [6] Group 5: Miscellaneous Provisions - The system will follow relevant national laws, regulations, and the company's articles of association [6] - The system takes effect upon approval by the shareholders' meeting and will be revised accordingly [6]