General Principles - The purpose of the remuneration and assessment management system is to enhance the satisfaction and loyalty of key personnel, improve the company's competitiveness and sustainability, and establish a fair, reasonable, and competitive remuneration system to support long-term development goals [1][2] - This system applies to the company's directors and senior management [1] Management Structure - The Board of Directors' Remuneration and Assessment Committee is responsible for formulating assessment standards, reviewing remuneration policies, and making recommendations to the Board on matters such as remuneration for directors and senior management, stock incentive plans, and other relevant issues [2] - If the Board does not fully adopt the committee's recommendations, it must document the committee's opinions and reasons for non-adoption in the board resolution [2] - The Board must report to the shareholders on the performance evaluation results and remuneration of directors [2] Remuneration Composition - Independent directors receive a fixed allowance annually, while non-independent directors who also serve as senior management do not receive director remuneration but are compensated based on market principles [4][5] - Senior management remuneration consists of a basic annual salary and performance-based pay, with the performance component linked to the company's annual performance and individual achievements [4][5] Remuneration Adjustment - The company will optimize the remuneration structure based on operational performance, market and industry salary changes, and strategic development, allowing for periodic adjustments to remuneration standards [6][7] - The Board may approve temporary special rewards or penalties for specific matters as supplementary remuneration for directors and senior management [7] Supplementary Provisions - Any matters not covered by this system will be executed according to relevant national laws, regulations, and the company's articles of association [9] - This system will take effect upon approval by the shareholders' meeting [9] - The Board of Directors is responsible for interpreting and amending this system [9]

Core Viewpoint - The document outlines the external investment management system of Guangzhou Seagull Housing Industrial Co., Ltd, aiming to standardize investment behavior, reduce risks, and enhance returns while protecting the rights of the company, shareholders, and creditors [1]. Chapter Summaries Chapter 1: General Principles - The external investment refers to various forms of investment activities aimed at obtaining future returns, including acquisitions, equity investments, and financial management [1]. - Investment activities must comply with national laws, align with the company's development strategy, focus on economic benefits, and protect the rights of stakeholders [1]. Chapter 2: Investment Authority and Approval Procedures - The company's shareholders' meeting and board of directors are the decision-making bodies for investments, each exercising authority within their respective limits [2]. - Certain investment matters require board approval if they meet specific thresholds, such as asset totals exceeding 10% of the latest audited total assets or net assets exceeding 1 million [2][3]. - Transactions involving assets totaling over 50% of the latest audited total assets or net assets require shareholder meeting approval [3][4]. Chapter 3: Organizational Management of External Investments - The investment department is responsible for managing external investments, including planning, supervising, and analyzing the performance of new investment projects [6][7]. - The finance department assists in evaluating investment effectiveness and managing funding [7]. Chapter 4: Personnel Management for External Investments - The company must appoint directors and management personnel to influence the operational decisions of newly established or controlled companies [9][10]. Chapter 5: Accountability - Directors and senior management must exercise caution in investment activities and are held accountable for any violations or improper investments [10][11]. - Departments or individuals failing to fulfill their responsibilities may face penalties or compensation obligations [11]. Chapter 6: Supplementary Provisions - The system will be executed in accordance with relevant laws and regulations, and it will take effect upon approval by the shareholders' meeting [11].