Sealand Securities Co.Ltd(000750) the special explanation of the board of directors on the performance appraisal and remuneration of directors in 2021 is in accordance with the company law, the standards for corporate governance of securities companies, the guidelines for self discipline supervision of Listed Companies in Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other laws and regulations, as well as the Sealand Securities Co.Ltd(000750) articles of association and the Sealand Securities Co.Ltd(000750) director and supervisor performance appraisal and remuneration management system (hereinafter referred to as “the system”) In accordance with the relevant provisions of the performance appraisal and salary management system of directors and supervisors, Sealand Securities Co.Ltd(000750) (hereinafter referred to as the company) assessed the performance of directors in 2021. The details are as follows:
1、 2021 directors’ performance assessment and remuneration principles
According to the provisions of the system for performance appraisal and salary management of directors and supervisors, the contents of the assessment of directors in 2021 include the degree of diligence, ability to perform duties, honest practice, compliance and good faith practice, practice of industry and corporate culture, whether they are punished by the regulatory authorities, whether they damage the interests of the company, etc. independent directors also assess their independence. If a director concurrently holds other positions in the company, he shall be assessed not only in accordance with the performance assessment and salary management system of directors and supervisors, but also in accordance with the actual performance of his duties and the relevant systems of the company. The chairman of the Board shall conduct performance appraisal in accordance with the relevant systems of the company.
According to the regulations of the management system for performance appraisal and remuneration of directors and supervisors, the remuneration of directors is an annual allowance, which is paid on an average monthly basis, and the individual income tax is withheld and paid by the company. If a director concurrently holds other positions in the company, his / her salary shall be managed in accordance with the performance appraisal and salary management system of directors and supervisors, as well as the relevant systems of the company according to his / her actual performance of duties.
2、 Assessment procedures for directors’ performance in 2021
According to the regulations of the management system for performance appraisal and remuneration of directors and supervisors, the assessment of directors of the company shall be organized and implemented by the board of directors. The remuneration and Nomination Committee of the board of directors reviews the performance of directors in 2021, draws up preliminary assessment results, and submits them to the board of directors for deliberation and determination. When the remuneration and Nomination Committee of the board of directors and the board of directors consider the performance assessment of each director, the directors concerned withdraw from voting.
3、 Performance assessment results and remuneration of directors in 2021
According to the above principles and procedures, the performance assessment results and remuneration of each director in 2021 are as follows:
(I) all directors of the company are competent in their performance appraisal results in 2021. (II) the annual remuneration of directors adopts the allowance system. According to the deliberation and approval of the third extraordinary general meeting of the company in 2021, the allowance for non independent directors of the ninth board of directors is 120000 yuan per person per year (before tax), and the allowance for independent directors is 150000 yuan per person per year (before tax). The director’s allowance shall be paid by the company on an average monthly basis and individual income tax shall be withheld and remitted. The Directors recommended by the controlling shareholder Guangxi Investment Group Co., Ltd. and its persons acting in concert did not receive the director’s allowance of 2021 in the company according to relevant regulations. The directors’ attendance at the board meeting and shareholders’ meeting of the company and other expenses related to the performance of directors’ duties shall be borne by the company Sealand Securities Co.Ltd(000750) board of directors March 16, 2002
