Qijing Machinery(SH:603677) Zheng Quan Zhi Xing·2025-09-05 13:13Core Points - The document outlines the compensation and assessment management measures for directors and senior management of Qijing Machinery Co., Ltd, aiming to enhance management efficiency and promote sustainable development of the company [1][10] - The compensation structure includes basic salary, performance salary, and special rewards, with specific criteria for each component [6][7] Summary by Sections General Principles - The management measures are established to strengthen the compensation management of directors and senior management, ensuring alignment with market levels and company performance [1] - The principles guiding the compensation include fairness, alignment of responsibilities and rights, long-term development, and a balance between incentives and constraints [1] Management Structure - The Board of Directors' Compensation and Assessment Committee is responsible for drafting and revising the management measures, setting annual performance goals, and reviewing the performance of directors and senior management [3] - The committee's decisions on compensation plans require approval from the Board of Directors and the shareholders' meeting [3] Compensation Composition - Directors' compensation is determined based on the latest approved compensation policy, while senior management's compensation consists of basic salary, performance salary, and special rewards [4][6] - The calculation formula for annual compensation is: Annual Compensation = Basic Salary + Performance Salary + Special Rewards [6] Performance Assessment - Performance assessment indicators are derived from the company's strategic goals and responsibilities of senior management, categorized into operational, management, and task-related indicators [9] - The annual performance goals and assessment plans are established by March 31 each year, with adjustments allowed only under specific circumstances [10] Compensation Management - Independent directors receive quarterly allowances, while non-independent directors and senior management receive monthly basic salaries [12] - The compensation system is designed to adapt to the company's development strategy and may be adjusted based on inflation, industry salary trends, and the company's profitability [9]