Core Viewpoint - The Shanghai International Port Group has approved a reform plan for the wage determination mechanism for 2025, aiming to enhance the incentive and constraint system while aligning with labor market conditions and the company's economic performance [1][2]. Group 1 - The board meeting was held on December 26, 2025, with all 11 directors participating and unanimously approving the wage reform proposal [1][3]. - The reform plan is designed to promote a more reasonable and orderly income distribution, stimulate innovation, and support the high-quality development of state-owned enterprises [2][3]. Group 2 - The board's decision reflects compliance with national asset supervision and industry regulatory requirements, emphasizing the importance of a balanced approach between efficiency and fairness in wage adjustments [2]. - The proposal was reviewed and supported by the board's nomination, remuneration, and assessment committee before being submitted for board approval [3].

Core Points - The company held its 11th meeting of the 6th Board of Directors on November 27, 2025, with all 15 directors present, and the meeting complied with relevant regulations [1][9] - The board approved several key proposals, including a digital transformation plan for 2025-2027 and a long-term internal audit plan [1][2] Group 1 - The proposal for the company's digital transformation plan for 2025-2027 was unanimously approved with 15 votes in favor [1] - The long-term internal audit plan was also unanimously approved with 15 votes in favor [2] - The revision of the company's margin trading and securities lending management measures was approved with 15 votes in favor [3] Group 2 - The report on the execution of the company's 2023 salary system was approved with 15 votes in favor [4] - The proposal regarding the implementation of the salary decision mechanism reform for 2023-2024 was approved with 15 votes in favor [5] - The proposal for the implementation plan of the salary decision mechanism reform for 2025-2027 was approved with 15 votes in favor [6] Group 3 - The revision of the leadership assessment and incentive constraint mechanism plan was approved with 14 votes in favor, with one director abstaining from the vote [7]

Group 1 - The company held its 11th meeting of the 6th Board of Directors on November 27, 2025, with all 15 directors present, confirming compliance with relevant regulations [1] - The board approved the proposal for the "2025-2027 Digital Transformation Special Plan" with unanimous support [1] - The board also approved the "Internal Audit Medium and Long-term Plan" with unanimous support [2] - A revision of the "Margin Financing and Securities Lending Business Management Measures" was approved unanimously by the board [3] - The board reviewed and approved the "2023 Annual Salary System Implementation Report" with unanimous support [4] - The proposal for the "2023-2024 Salary Decision Mechanism Reform Implementation" was approved unanimously [5] - The board approved the "2025-2027 Salary Decision Mechanism Reform Implementation Plan" with unanimous support [6] - A revision of the "Assessment and Incentive Constraint Mechanism for Members of the Leadership Team" was approved with 14 votes in favor, as one director recused themselves from the vote [7]