Securities code: Haining China Leather Market Co.Ltd(002344) securities abbreviation: Haining China Leather Market Co.Ltd(002344) Announcement No.: 2022011 Haining China Leather Market Co.Ltd(002344)
Announcement on Revising the measures for the administration of Haining China Leather Market Co.Ltd(002344) operators’ remuneration
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or major omissions in the announcement.
Haining China Leather Market Co.Ltd(002344) (hereinafter referred to as “the company” or “the company”) held the 10th meeting of the 5th board of directors on April 14, 2022, deliberated and adopted the proposal on Amending the Haining China Leather Market Co.Ltd(002344) operator compensation management measures.
In February 2015, the company formulated the measures for the management of Haining China Leather Market Co.Ltd(002344) managers’ compensation. Based on the large replacement of the company’s management in recent years, the company has scientifically and accurately evaluated the company’s operating results and the performance contribution of the management personnel, and fully mobilized their enthusiasm and creativity in order to further improve the company’s corporate governance structure and the incentive, restraint and supervision mechanism of the management, Effectively combine the interests of the company and the personal interests of the operator. In accordance with the notice of Haining state owned Assets Administration Commission on printing and distributing the measures for assessing the business performance of principals of state owned Listed Companies in Haining City (HGZ [2021] No. 8) and relevant laws and regulations, and in combination with the company’s industry characteristics and development process, actively explore the professional manager system, it is proposed to revise the relevant provisions of the measures for the administration of Haining China Leather Market Co.Ltd(002344) operator compensation, and the revised contents are as follows:
Haining China Leather Market Co.Ltd(002344)
Comparison table for modification of Haining China Leather Market Co.Ltd(002344) operator compensation management measures
Original and modified terms
3、 Salary management and cashing method III. salary management and cashing method
(I) determine the company’s investment and financing, social responsibility contribution and other comprehensive conditions according to the company’s scale and operating performance level, (I) determine the company’s investment and financing, social responsibility contribution and other comprehensive conditions, and determine the annual salary standard level of the chairman and general manager. The annual salary benchmark level of the chairman and general manager of the company.
(II) annual salary standard (II) total salary standard:
1. Basic salary: 450000 yuan. The main person in charge of the company (Chairman and general manager) 2. Annual performance salary base: 350000 yuan. After the total salary standard is determined, set the salary coefficient as 1, the annual salary distribution coefficient of the chairman and general manager as 1, and the total salary standard of other operators is 0.6-0.8 according to the work position and other operators. Based on the work difficulty and work intensity, it shall be determined as no higher than 0.9 of the distribution coefficient determined by the main responsible person according to the post responsibilities, risks and contributions of the operator. For the number of shares not held in the company, the salary gap shall be reasonably widened. The operator can implement incentive measures after the decision-making procedures of state-owned assets and the approval of the company’s board of directors (III) salary payment: subject to.
The annual salary consists of basic salary and performance salary (Ⅲ) salary composition and calculation method:
1. Basic salary: paid by the company on a monthly basis. The salary of senior managers consists of basic annual salary, performance 2 and performance salary: it reflects the performance level of managers, annual salary and tenure incentive income.
Remuneration linked to the results of annual business performance evaluation. Including: 1. Basic annual salary. According to the company’s operating conditions and the salary level of 80% of the historical salary calculated according to the annual assessment method, the pre historical factors, regional factors and operators in the same industry will be paid after the annual assessment, and the performance will be determined. The basic annual salary base is 20% of the salary standard of the total salary, which will be converted into risk mortgage. 40%。
(1) Performance pay calculation formula: 2. Performance pay. The performance pay base is the total performance pay = performance pay base × 40% of the assessment score standard. The specific cash is based on the annual operating performance / 100 × Adjustment coefficient. The comprehensive assessment score is converted and determined. Calculation method: the adjustment coefficient of performance salary is determined according to the grading progressive incentive principle: salary = performance salary base (when the comprehensive score of annual assessment is greater than or equal to 100 points, the adjustment coefficient is / 100), which is adjusted in combination with the annual team assessment coefficient. 1.2； The assessment score ranges from 80 (including 80) to 100. 3. Term incentive income. The adjustment coefficient is [0.8 + 0.4] when the business performance is tested according to the term of office × (the assessment score is determined, and the term incentive base is the total salary standard – 80) / (100-80)], that is, the range is 0.8-1.2; 20% of. Cashing calculation method: term incentive income = term incentive base (term assessment comprehensive score / 100) when the term assessment score is between 60 (including 60) and 80.
The adjustment coefficient is [0.4 + 0.4] × (assessment score – 60) / (Ⅳ) salary payment:
(80-60)], i.e. the interval is between 0.4-0.8; The adjustment coefficient is 0 when the assessment score is less than 60 in strict accordance with the assessment results of business performance. And the corresponding calculation method. The basic annual salary is paid on a monthly basis, (2) risk mortgage management: the performance salary of the Economic Commission can be paid in advance on a monthly basis at the end of the term of office. After the end of the annual assessment, those who score more than 80 points (including 80 points) in the assessment of the trust audit are now (or settled). The term incentive income shall be paid in full at the end of the term assessment; Those with 70 points (including 70 points) to 80 points will be cashed after 80%.
cash; 60% for 60 points (including 60 points) to 70 points,
If the score is less than 60 points, it shall be cashed at less than 50%.
If the term of office scores more than 95 points, or the chairman of the board of directors shall prevail
If the core team has made outstanding contributions to the economic and social development of Haining City and has excellent business performance during its term of office, it can be rewarded.
7、 VII. Others
(IV) the measures shall be implemented from 2014, the original (IV) the measures shall be implemented from 2022, and the original measures for the administration of Haining China Leather Market Co.Ltd(002344) management team salary and the original measures for the administration of Haining China Leather Market Co.Ltd(002344) operator salary shall be abolished at the same time. The right to interpret these measures belongs to Haining salary management measures, which shall be repealed at the same time. The right to interpret these measures belongs to the board of directors of China Leather City Co., Ltd. Board of directors of Nanjing China Leather City Co., Ltd.
The above matters need to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
It is hereby announced.
Haining China Leather Market Co.Ltd(002344) board of directors
April 16, 2022
