Management measures for employee house purchase loan
Yantai Tayho Advanced Materials Co.Ltd(002254)
Management measures for employee house purchase loan
1. Purpose
In order to further improve the construction of employee compensation and welfare system, help employees solve basic housing difficulties, better implement employee incentive policies, and attract and retain core talents and potential employees in key positions, the company will invest some idle self owned funds to provide loans for employees to buy houses without affecting the development of main business. In order to standardize management and strengthen process control, the management measures are hereby formulated according to the actual situation.
2. Scope of application
2.1 the measures are applicable to Yantai Tayho Advanced Materials Co.Ltd(002254) , and the wholly-owned subsidiaries can implement the measures directly. A holding subsidiary may formulate its own management system with reference to the relevant provisions or principles of these measures and submit it to its shareholders’ meeting for deliberation before implementation.
2.2 the company’s directors, supervisors, senior managers and their affiliates are not applicable to this house purchase loan policy. 2.3 for employees whose spouses work in the company, only one of them can enjoy the house purchase loan policy.
3. Conditions of house purchase loan
3.1 employees must purchase a complete set of residential houses (also known as self housing) for their own residence, within 100 kilometers from the company’s work location, and the value of the houses shall not be less than Shanghai Pudong Development Bank Co.Ltd(600000) yuan.
3.2 employees who have signed a formal labor contract with the company and have worked for two years and have not enjoyed the company’s preferential policies for house purchase loans.
3.3 employees must perform a certain period of service from the date of obtaining the loan funds for house purchase. If an employee enjoys the house purchase loan policy in accordance with the measures, the promised service period shall not be less than 10 years. If the employee meets the loan conditions and has worked for less than 10 years before retirement, he / she shall promise to repay in advance before retirement.
3.4 the purchase time of real estate shall be after the system is deliberated and approved by the general meeting of shareholders.
4. Loan amount for house purchase
4.1 employees of the company who meet the following loan conditions can apply to the company for 100000, 200000 and 300000 at one time
Management measures for employee house purchase loan
A loan of 10000 yuan.
4.1.1 employees who have signed a formal labor contract with the company and have worked for more than two years can borrow 100000 yuan from the company at one time;
4.1.2 the business supervisor appointed by the company can borrow 200000 yuan from the company at one time;
4.1.3 management personnel above assistant level and full-time personnel with master’s degree or above appointed by the company can borrow 300000 yuan from the company at one time.
5. Application and review procedures
5.1 application: qualified employees apply individually, fill in the house purchase loan application form, which is reviewed by the head of the Department, reviewed by the human resources department and approved by the leader in charge of the company.
After approval, the employee shall fill in the house purchase certificate and spouse information. The house purchase certificate is the following materials with the employee’s own name:
a. Original purchase agreement (including formal subscription agreement for second-hand houses) and deposit receipt;
b. Commercial housing sales contract and down payment invoice;
c. Real estate certificate and full real estate invoice.
Employees can choose one of the three kinds of vouchers, and need to provide the original (including valid seal) and copy; After using a voucher and holding any of the other two house purchase vouchers within three months, go to the human resources department for filing again. 5.2 the human resources department and the company’s legal personnel review the data and complete the following work:
a. The human resources department reviews whether the “scope of application” of these measures is met and whether the house purchase certificate meets the requirements of house purchase loan.
b. The legal staff shall verify whether the house purchase certificate meets the requirements of house purchase loan, and sign the house purchase loan agreement with the employee after filing the copy of the compliance certificate.
c. The handler of the human resources department, the legal staff and the head of the human resources department shall approve in turn.
5.3 the finance department shall make payment to the applicant according to the approved application and supplement the payment data, and then transfer the relevant data to the human resources department for filing. The human resources department shall establish an account for each borrowing employee.
6. Repayment of house purchase loan
6.1 repayment term. From the third year after obtaining the company’s house purchase loan to the tenth year, the principal of the house purchase loan shall be repaid in eight years.
Management measures for employee house purchase loan
6.2 repayment amount.
The annual repayment amount of the loan of 100000 yuan is:
5000 yuan, 5000 yuan, 10000 yuan, 10000 yuan, 15000 yuan, 15000 yuan, 15000 yuan, 20000 yuan, 20000 yuan. The annual repayment amount of 200000 yuan loan is:
10000 yuan, 10000 yuan, 20000 yuan, 20000 yuan, 30000 yuan, 30000 yuan, 40000 yuan, 40000 yuan.
The annual repayment amount of 300000 loan is:
15000 yuan, 15000 yuan, 30000 yuan, 30000 yuan, 45000 yuan, 45000 yuan, 60000 yuan, 60000 yuan. 6.3 repayment method
6.3.1 in service period
(1) Installment repayment: that is, the total amount of each repayment cycle is deducted from the employee’s salary after tax on an average monthly basis. (2) Centralized lump sum repayment once a year:
① If you choose to make a centralized one-time repayment every year, you need to fill in the application form for prepayment of house purchase loans. After approval, you can make a centralized one-time repayment in December every year.
② In case of failure to make regular and centralized repayment, it will be automatically deducted from the salary on a monthly basis, and it is not allowed to apply for prepayment again.
(3) Repay all remaining borrowings in a lump sum. The application form for prepayment of house purchase loan shall be filled in and implemented after approval.
6.3.2 employee resignation: if the loan has not been paid off when the employee leaves the company, all the repayment amount must be paid off at one time within five working days before resignation.
6.3.3 employees who have fulfilled the promised service period only need to repay the principal when repaying the loan.
6.3.4 during the service period of fulfilling the commitment, if an employee voluntarily leaves the company for personal reasons or does not renew the contract with the company at the expiration of the labor contract, in addition to paying off the outstanding loan principal at one time, he shall also pay the amount of capital cost (capital management fee) incurred during the occupation of the full loan principal. Capital cost (capital management fee) amount = actual loan amount × Time from the date of loan to resignation × interest rate
Interest rate: according to the interest rate of five-year commercial loan on the borrowing date (according to the actual lending date of the company). 6.4 special circumstances
6.4.1 if the employee fails to provide formal house purchase certificate within 3 months after borrowing, the loan principal and capital shall be returned
Management measures for employee house purchase loan
Cost (fund management fee) shall be returned to the company.
If it is really necessary for employees to buy a house, only the capital cost shall be repaid, and the time shall be recalculated according to the newly signed house purchase loan agreement. It is calculated according to the adjusted employee loan application form information.
6.4.2 if the property ownership agreed in this agreement changes, the employee must provide other supporting materials related to the property that meet the requirements within 3 months, and re sign the loan agreement (only update the property information). If the employee fails to submit materials to the company in time, the company must return the loan principal and the capital cost incurred during the loan period to the company once it is found, and the company will no longer provide loans.
6.4.3 employees shall follow the principle of good faith in the application process. In case of concealment, fraud and other acts, once verified, they shall be implemented in accordance with the employee manual.
7. Other instructions
7.1 if an employee who enjoys the loan for house purchase violates the provisions of these measures, the company has the right to recover the loan owed and all expenses incurred due to the recovery of the debt according to law.
7.2 the management measures shall come into force after being deliberated and approved by the general meeting of shareholders.
7.3 the final power of interpretation and revision of the management measures belongs to the board of directors of the company. When the board of directors of the company is not in session, the human resources department of the company is authorized to exercise the function of interpretation, formulate relevant implementation rules and submit them to the chairman for approval.
Yantai Tayho Advanced Materials Co.Ltd(002254) April 7, 2022
