Shanghai Lisheng Racing Co.Ltd(002858)
Remuneration plan for directors, supervisors and senior managers in 2022
In order to further improve the company’s incentive and restraint mechanism, fully mobilize the work enthusiasm of the company’s directors, supervisors and senior managers, and encourage them to continue to be diligent and responsible for maximizing the interests of the company’s shareholders. The remuneration and assessment committee of the board of directors and the office of the board of directors formulate and propose this plan with reference to the remuneration level of the industry and in combination with the actual situation of the company.
1、 The scheme is applicable to directors, supervisors and senior managers who receive remuneration in the company
2、 The application period of this scheme: from January 1, 2022 to December 31, 2022.
3、 Salary principle
1. Responsibility principle: the salary standard shall be determined according to the factors such as job position, work performance, contribution and the combination of rights and responsibilities.
2. Competition principle: the salary level shall refer to the standards of similar listed companies in the same industry and region to maintain the attractiveness of the company’s salary and its competitiveness in the market.
3. Performance principle: the salary standard is determined on the basis of performance. The salary includes cash income and long-term incentive income, of which cash income includes fixed salary and year-end bonus.
4、 Salary composition and standard
1. Remuneration standard of directors of the company
(1) Non independent directors holding management positions in the company shall receive remuneration under the company’s remuneration management system and enjoy various social insurance and other welfare benefits of the company according to the relevant contracts signed with the company, their positions in the company and the work they are actually responsible for. The company will no longer pay subsidies to non independent directors.
(2) Non independent directors who do not hold any management position in the company and do not sign any written agreement with the company on their remuneration or allowance will not receive any remuneration, allowance or benefit from the company.
(3) Independent directors are entitled to an independent director’s allowance of RMB 50000 (before tax) per person per year in accordance with the provisions of the company, and will no longer receive other remuneration or other benefits from the company. Such independent director’s allowance is paid monthly.
2. Remuneration standard for supervisors of the company
(1) According to the labor contract signed with the company and the position held in the company, the supervisors in the company receive the employee’s salary under the guidance of the company’s salary management system, enjoy various social insurance and other welfare benefits of the company, and do not receive additional supervisor allowance.
(2) Supervisors who do not work in the company do not receive any salary, allowance or welfare treatment from the company.
3. Salary standard for senior management of the company
The salary standard of senior managers currently working in the company shall be formulated under the guidance of the company’s salary system; Senior managers need to participate in performance appraisal, and the appraisal results are linked to the actual business performance of the company, the performance of personal duties based on their duties and the completion of responsibility objectives; The results of performance appraisal shall be taken as the basis for the payment of the general contractor’s salary. The company will pay senior management salaries on schedule.
5、 Other matters
1. The remuneration of senior managers of the company includes cash income and long-term incentive income; The cash income includes monthly fixed salary and year-end bonus. Whether the year-end bonus will be paid and the specific amount will be determined according to the company’s business performance in the current year and the personal performance assessment of senior managers. It is uncertain, and the actual amount paid will fluctuate.
2. The above-mentioned basic salary amount is the pre tax amount. The company will withhold and pay individual income tax, various social insurance, housing provident fund and other expenses in accordance with the relevant provisions of the state and the company, and the rest will be paid to individuals on a monthly basis. 3. If the senior management of the company leaves office due to change of term, re-election, resignation within the term of office and other reasons, it shall be calculated and distributed according to their actual term of office.
4. According to the requirements of relevant laws, regulations and the articles of association, the remuneration of the above-mentioned senior managers shall take effect from the date of deliberation and approval at the seventh meeting of the Fourth Board of directors, and the remuneration of directors and supervisors shall take effect only after being submitted to the 2021 annual general meeting of shareholders for deliberation and approval.
Shanghai Lisheng Racing Co.Ltd(002858) board of directors
April 6, 2002
