Zhejiang Yinlun Machinery Co.Ltd(002126)
2022 directors' remuneration assessment plan
In order to further improve the salary management of the company's directors and senior managers, promote them to perform their duties honestly and diligently, and ensure the sustainable, stable and healthy development of the company, the company has formulated the director's salary assessment plan for 2022 in accordance with the articles of association, the working rules of the salary and assessment committee of the board of directors and the relevant systems of the company, in combination with the actual operation situation of the company and the salary level of the industry and regions. The details are as follows:
1、 Applicable object
Directors of the company.
2、 Applicable period
From January 1, 2022 to December 31, 2022, it will be implemented after being approved by the general meeting of shareholders of the company.
3、 Salary (allowance) standard
1. Directors' remuneration consists of basic remuneration and performance remuneration.
2. The basic salary is mainly determined by considering the position, responsibility, ability, market salary and other factors, and is paid on a monthly basis, of which 40% is assessed according to the company's performance appraisal scheme, with monthly accounting, quarterly cashing and year-end final settlement.
3. Performance pay is mainly determined according to the company's task objectives, combined with the comprehensive assessment results such as individual post performance assessment and the completion of the company's objectives. It is usually assessed and paid at the end of each year or according to each assessment cycle. 4、 Directors' remuneration scheme
1. Internal directors of the company and those holding management positions in the company shall receive remuneration (allowance) according to their management positions. Specific payment methods: (1) basic salary: 55% ~ 80% of the total annual salary (before tax) is the base of basic salary, which is paid monthly in combination with the actual monthly assessment. (2) Performance compensation: 20% ~ 45% of the total annual compensation (before tax) is the base of performance compensation. The performance salary shall be assessed by the salary assessment committee of the board of directors according to the completion of the company's economic indicators this year. The assessment dimension is: economic indicators, and major safety accidents are one vote veto items. See the following table for details:
Appraisal dimension appraisal indicator weight appraisal cycle
Annual net profit 51%
Economic index quality guarantee 25% annual
New project fixed point 24% year
Total 100%
Performance pay = performance pay base × Performance pay coefficient
(3) Performance pay coefficient
Job compensation coefficient
Chairman 1.6
Vice chairman 1.4-1.6
Director and deputy general manager 1.35-1.6
Directors 1.35
2. Allowance for external directors and independent directors: 70000 yuan per person per year before tax and apportioned and paid on a monthly basis.
5、 Other provisions
1. The individual income tax related to the remuneration (allowance) of the company's directors and senior managers shall be uniformly withheld and paid by the company. 2. The remuneration (allowance) of the directors and senior managers of the company shall be calculated and paid according to the actual term of office when they leave their posts due to the change of term, re-election, resignation during their term of office and other reasons.
This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
Zhejiang Yinlun Machinery Co.Ltd(002126)
Board of directors
April 12, 2022
