002836，副董事长自愿放弃领取薪酬

Core Viewpoint - The article discusses the contrasting attitudes towards compensation among board members, highlighting the voluntary salary waiver by Meng Xue, the vice chairman of Xin Hong Ze, to focus on strategic decision-making and long-term development [2][3]. Group 1: Executive Compensation - Meng Xue has voluntarily waived all forms of compensation, including a pre-tax salary of 1.07 million yuan, effective from January 2026 [3]. - Prior to Meng's announcement, other board members, including Chairman Zhang Hongqing, had already received zero compensation [3]. - Meng Xue is one of the actual controllers of Xin Hong Ze, holding significant shares through Yize Holdings, which owns 61.28% of the company [3]. Group 2: Shareholding Changes - Yize Holdings has reduced its stake in Xin Hong Ze from 63.74% at the beginning of 2025 to 60.96% by November 18, 2025, through two share reduction plans [4]. - The first reduction plan involved selling 2,230,900 shares at an average price of 9.09 yuan and 3,432,000 shares at 9.10 yuan, totaling approximately 51.51 million yuan [4]. Group 3: Industry Trends - The trend of executives voluntarily reducing their salaries is becoming more common in 2025, reflecting both individual confidence and a pragmatic approach to company performance pressures [6]. - Companies like Zhengye Technology and Shiji Dingli have also seen executives voluntarily reduce their salaries to optimize cost structures and express confidence in future performance [6]. - Xin Hong Ze's main business involves the design, production, and sale of cigarette labels, with its net profit fluctuating around 100 million yuan over the past nine years [7].