Securities code: Hubei Yihua Chemical Industry Co.Ltd(000422) securities abbreviation: Hubei Yihua Chemical Industry Co.Ltd(000422) Announcement No.: 2022034 Hubei Yihua Chemical Industry Co.Ltd(000422)
Announcement on the remuneration scheme of directors, supervisors and senior managers in 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Hubei Yihua Chemical Industry Co.Ltd(000422) (hereinafter referred to as “the company”) held the fourth meeting of the 10th board of directors on April 7, 2022, deliberated and adopted the proposal on the remuneration scheme for directors, supervisors and senior managers in 2022. The proposal still needs to be submitted to the general meeting of shareholders of the company for deliberation.
In order to further improve the level of corporate governance and promote the healthy and sustainable development of the company, the remuneration plan for directors, supervisors and senior managers of the company in 2022 is formulated according to the company’s business development, as follows:
1、 Applicable object
Directors, supervisors and senior managers of the company.
2、 Applicable period
January 1, 2022 – December 31, 2022.
3、 Compensation scheme
(I) remuneration plan of the company’s directors
1. The remuneration of non independent directors and subsidiaries shall be assessed according to the actual performance of their positions in the company and subsidiaries. At the same time, the allowance for non independent directors is proposed to be 60000 yuan (before tax) / year, which is paid once a quarter.
2. The company has set up an independent director’s allowance, which is proposed to be increased from 60000 yuan (after tax) / year to 100000 yuan (before tax) / year, which is paid quarterly.
(II) remuneration scheme of the company’s supervisors
Supervisors working in the company and its subsidiaries shall receive remuneration according to their actual positions in the company and its subsidiaries and the relevant remuneration standards and performance appraisal of the company and its subsidiaries. At the same time, the supervisor’s allowance is proposed to be 30000 yuan (before tax) / year, which is paid once a quarter.
(III) remuneration scheme for senior management of the company
The annual salary of senior managers shall be paid according to their actual positions in the company and subsidiaries, and according to the relevant salary standards and performance appraisal of the company and subsidiaries.
4、 Other provisions
1. Directors, supervisors and senior managers of the company who leave their posts due to job adjustment, dismissal, resignation during their term of office and other reasons shall be calculated and paid according to their actual term of office.
2. The individual income tax related to the above salary or allowance shall be uniformly withheld and paid by the company.
3. The travel expenses incurred by directors, supervisors and senior managers attending the meetings of the board of directors, the board of supervisors or the general meeting of shareholders shall be reimbursed with valid bills after each meeting.
4. This plan can only come into effect after being submitted to the general meeting of shareholders of the company for deliberation and approval.
5、 Documents for future reference
1. The resolution of the fourth meeting of the 10th board of directors signed by the attending directors and stamped with the seal of the board of directors;
2. Special instructions and independent opinions of independent directors on matters related to the fourth meeting of the 10th board of directors of the company.
It is hereby announced.
Hubei Yihua Chemical Industry Co.Ltd(000422) board of directors
April 7, 2022
