Beijing Xunzhong Communication Technology Co., Ltd. (Stock Code: 2597) released a document outlining the composition, responsibilities, and procedural guidelines of its Remuneration and Assessment Committee. According to the announcement, the committee is established under the Board of Directors to handle core duties such as formulating appraisal criteria, conducting performance reviews of Directors and senior management, and proposing remuneration policies. The committee is mandated to ensure fair and transparent arrangements by referencing comparable industry practices, monitoring the implementation of approved remuneration plans, and making relevant recommendations to the Board.

The announcement states that the Remuneration and Assessment Committee must comprise three Directors, including at least two independent non-executive Directors, with one independent non-executive Director appointed as chair. The committee’s main responsibilities encompass reviewing Directors’ and senior executives’ performance, determining pay structures and benefits, and formulating or updating equity incentive and employee stock ownership plans. Meetings are convened on both a regular basis and when required. Implementation of committee decisions involves submitting remuneration proposals for Board approval, with certain plans further requiring review by shareholders. Members and other attendees must maintain confidentiality regarding the matters discussed, reflecting the company’s emphasis on transparency and prudent corporate governance.