Salary management system for senior managers
Bringspring Science And Technology Co.Ltd(300290)
Salary management system for senior managers
Chapter I General Provisions
Article 1 in order to further improve the salary incentive and restraint mechanism of the senior managers of Bringspring Science And Technology Co.Ltd(300290) (hereinafter referred to as "the company"), mobilize the work enthusiasm and creativity of the senior managers of the company, and give full play to the incentive effect of salary on the senior managers to achieve the strategic objectives and sustainable development of the company, in accordance with the provisions of relevant national laws and regulations and the articles of association and in combination with the actual situation of the company, This system is hereby formulated.
Article 2 as the basis for determining the salary standard of the company's senior managers, this system follows the following five principles:
(I) conform to the law of socialist market economy and promote the maximization of the company's value;
(II) the salary level is in line with the change trend of the company's scale and performance, and is in line with the market salary level; (III) combine the overall salary level with the actual annual operation of the company;
(IV) reflect the principle of combining the company's annual business objectives with long-term interests, which is consistent with the company's goal of sustainable and healthy development;
(V) embody the principles of equal emphasis on incentives and constraints, equal rights and responsibilities, shared interests and risks, and simultaneous development of rewards and penalties, and combine distribution according to work with responsibilities, rights and interests.
Article 3 this system is applicable to the company's president, vice president, financial director, Secretary of the board of directors and other senior managers appointed by the company's board of directors. Other personnel who are approved by the board of directors of the company to be managed with reference to senior managers can be implemented with reference to this system.
Chapter II salary management organization
Article 4 the board of directors and the remuneration and assessment committee under the company are responsible for assessing and determining the remuneration of senior managers.
Article 5 the board of directors authorizes the remuneration and appraisal committee to determine the total annual salary of the president according to the performance appraisal
Salary management system for senior managers
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Article 6 the board of directors authorizes the chairman to determine the total annual salary of other senior managers except the president according to the performance appraisal.
Article 7 the responsibilities and authorities of the board of directors and the remuneration and assessment committee are as follows:
Responsibilities and authorities of the board of directors
(I) examine and approve the salary and assessment management system of the company's senior managers;
(II) examine and approve the salary plan of the company's senior managers.
Responsibilities and authorities of the remuneration and assessment committee
(I) study the remuneration policies and assessment standards of senior managers, organize the formulation of the remuneration and assessment management system of senior managers of the company, and submit it to the board of directors for approval;
(II) be responsible for formulating the annual salary plan for senior managers, conducting annual and term assessment for senior managers of the company, and reporting to the board of directors for approval.
Chapter III salary scheme
Article 8 the annual salary of the company's senior managers consists of basic annual salary and annual performance bonus. The basic annual salary is determined according to the responsibilities, risks and abilities undertaken by the senior managers.
According to the salary level of key core personnel at the same level in the same industry and their importance and indispensability to the development of the company, the annual salary of key core senior managers can exceed the annual salary range of senior managers at the same level. The specific salary shall be considered by the salary and assessment committee.
If a senior manager holds the above two positions at the same time, the annual salary range and basic salary of the senior manager will be from the high standard.
Article 9 the annual salary of the company's senior managers is pre tax income.
The basic annual salary is the annual basic income of senior managers. The total basic annual salary is apportioned to 12 months as the basic salary of the current month, which is paid monthly in the same period with all employees of the company.
Salary management system for senior managers
Senior managers are required to pay social insurance premiums, housing provident fund, personal income tax and other taxes according to regulations. The part that should be paid by individuals shall be withheld and paid by the company at the time of payment.
Article 10 the annual performance bonus is the floating income related to the performance appraisal results and the company's operating benefits, which shall be paid annually.
The annual performance appraisal and incentive scheme of senior managers is the basis for paying annual performance bonus and excess incentive bonus to senior managers.
The annual performance appraisal and incentive scheme of senior managers shall be implemented after being initially reported to the salary and Appraisal Committee for deliberation and approval every year.
At the beginning of the next year, the annual performance bonus of senior managers shall be determined according to the results of annual performance appraisal and incentive scheme appraisal, and submitted to the salary and Appraisal Committee for deliberation and determination within the budget. The board of directors has the right to veto the payment amount determined by the salary and assessment committee and determine the new payment amount.
Chapter IV salary adjustment
Article 11 the salary system shall serve the company's business strategy and make corresponding adjustments with the continuous changes of the company's business conditions to meet the needs of the company's further development.
Article 12 the salary adjustment basis of the company's senior managers is:
(I) salary increase level of the same industry. Collect the salary data of the same industry through the market salary report or public salary data every year, and summarize and analyze them as the reference basis for the company's salary adjustment.
(II) inflation level. Refer to the inflation level so that the actual purchasing power level of salary will not be reduced as the reference basis for salary adjustment of the company.
(III) profitability of the company.
(IV) post grade adjustment.
Article 13 the salary and assessment committee is responsible for formulating the salary adjustment plan of senior managers and submitting it to the board of directors for deliberation.
Salary management system for senior managers
Chapter V supplementary provisions
Article 14 in case of any conflict between this system and the latest laws, regulations and rules, the latest laws, regulations and rules shall prevail.
Article 15 the system is drafted by the remuneration and assessment committee and interpreted by the board of directors of the company.
Article 16 this system shall come into force from the date of deliberation and approval by the board of directors of the company.
Bringspring Science And Technology Co.Ltd(300290) April 28, 2022
