Beijing Urban Construction Design & Development Group Co., Limited has published the Terms of Reference for its Remuneration and Appraisal Committee. According to the document, the committee operates under the board of directors and is charged with formulating remuneration policies for directors and senior management, as well as conducting performance appraisals.

The committee, composed of at least three directors with a majority of independent non-executive directors, formulates overall remuneration plans and assessment criteria. Senior management includes key executives such as the general manager, deputy general managers, and other chief officers. Appraisals involve reviewing job performance data, defining incentive plans, and recommending remuneration packages for board approval.

The guidelines outline that the committee must hold regular meetings at least twice a year. Any remuneration proposals or distribution plans for senior management are submitted to the board of directors for final approval. The document further stipulates that decisions made by the committee should prioritize shareholders’ interests, and thorough procedures for meeting notices and voting requirements are clearly defined.

According to the Terms of Reference, these guidelines take effect from the date of the Company’s listing, subject to board approval. Any future revisions will require updated board review, ensuring alignment with applicable laws, regulations, and the Company’s Articles of Association.