*ST Sansheng: 2026 compensation plan for directors and senior managers
Chongqing Sansheng Industrial Co., Ltd.
2026 annual remuneration package for directors and senior management
In order to further standardize the remuneration management of the company's directors and senior managers, encourage and constrain directors and senior managers to work diligently and conscientiously, and promote the company's efficiency growth and sustainable development. In accordance with relevant regulations such as laws and regulations, the "Articles of Association" and the "Remuneration Management System for Directors and Senior Executives", combined with the actual operating and development conditions of the company, the remuneration plan for the company's directors and senior executives is as follows:
1. Applicable objects
Company directors and senior managers.
2. Applicable period
January 1, 2026 to December 31, 2026.
3. Salary standards
- Remuneration of company directors
Non-independent directors: Non-independent directors who concurrently serve as senior managers in the company will be paid according to the company's senior management salary standards and will not receive additional director's allowances; non-independent directors who hold other positions in the company will be paid according to the specific position's salary standards and will no longer receive additional director's allowances; non-independent directors who do not serve in the company should perform their duties as directors diligently and responsibly, and in principle only receive fixed director's allowances.
Independent directors: The allowance for independent directors is RMB 80,000 per year (before tax), which is paid monthly. Reasonable expenses incurred by independent directors in performing their duties shall be reimbursed by the company according to the facts.
- Remuneration plan for the company’s senior managers
The remuneration of the company's senior management personnel consists of basic salary and performance remuneration, of which performance remuneration is 50% of the total basic salary and performance remuneration. The basic salary is determined with reference to the salary level in the same industry and combined with the position, work ability and market salary market, and is paid on a monthly basis; the performance salary is linked to the company's business goals and individual performance, and is calculated and paid based on the monthly, quarterly and annual assessment results, and is paid according to the corresponding assessment cycle.
The 2026 annual performance remuneration will be paid in advance based on the assessment results of the preliminary accounting, and a certain proportion of performance remuneration will be reserved to be paid after the audited annual financial report is disclosed. The final performance results will be determined based on the evaluation of the audited annual financial data. The above-mentioned performance remuneration will be determined based on the final performance evaluation results, and any excess will be refunded and less will be compensated.
4. Other instructions
The salaries and allowances of the company’s directors and senior management personnel are all pre-tax amounts. After deducting personal income tax and various social insurance fees and other amounts that should be withheld and paid by the company, the remaining portion is paid to the individual.
If the company's directors and senior managers leave office due to reasons such as change of term, re-election, resignation during the term, etc., the bonus will be calculated and paid based on their actual term of office.
According to relevant laws and regulations, the Articles of Association and other relevant provisions, the above-mentioned senior management remuneration plan will take effect from the date of review and approval by the board of directors, and the director remuneration plan must be submitted to the shareholders' meeting for review.
Matters not covered in this plan shall be implemented in accordance with national laws and regulations, departmental rules, normative documents and the Articles of Association. If this plan conflicts with laws, regulations, departmental regulations, normative documents promulgated by the country in the future, and the "Articles of Association" revised through legal procedures, the relevant laws, regulations, departmental rules, normative documents, "Articles of Association" and other provisions shall be implemented.
Board of Directors of Chongqing Sansheng Industrial Co., Ltd.
March 30, 2026