Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) independent director allowance system
Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864)
Independent director allowance system
Article 1 this independent director allowance system is hereby formulated in accordance with the relevant provisions of the standards for the governance of listed companies, the guidelines for the supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the rules for independent directors of listed companies, the Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) articles of Association (hereinafter referred to as the “articles of association”) and the principle of “consistency of responsibilities, risks and interests”.
Article 2 the independent directors referred to in this system refer to the directors who do not hold other positions except directors in the company. Article 3 the company employs directors who have no relationship with the company and its major shareholders that may hinder their independent and objective judgment in accordance with the guidelines for the supervision of listed companies of Shenzhen stock exchange No. 1 – standardized operation of listed companies on the main board and the rules for independent directors of listed companies.
Article 4 scope of allowance: independent directors of the company. Other directors are not entitled to the allowance.
Article 5 subsidy principle: the subsidy level shall comprehensively consider the work tasks and responsibilities of independent directors.
Article 6 allowance standard: the allowance for independent directors is 8000000 yuan per person per year (in words: RMB 80000 yuan only)
Article 7 the above allowance standards are pre tax standards, and the individual income tax in Article 8 shall be withheld and paid by the company according to the individual income tax standards. The allowance is calculated from the effective date of this system and paid annually.
Article 9 the travel expenses of independent directors attending the board of directors and the general meeting of shareholders and the expenses required for exercising their functions and powers in accordance with the articles of association shall be reimbursed by the company according to the facts.
Article 10 article 8 in addition to the allowances specified in this system, independent directors shall not obtain the allowances and undisclosed interests of independent directors other than those specified in this system from the company and its major shareholders or interested institutions and personnel.
Article 11 the system shall be interpreted and revised by the board of directors of the company.
Article 12 the system shall come into force after being deliberated by the general meeting of shareholders of the company, and the modification of the system shall be approved by the general meeting of shareholders.
Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) April 2002
Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) independent director allowance system
