Remuneration Committee

To improve the remuneration system for directors and managers, and evaluate whether the operating performance of directors and managers and their compensation is fair and reasonable, Cameo Communications’ Board has approved the has approved the Organizational Regulations for the Remuneration Committee and established a Remuneration Committee under the Board of Directors. Committee members should include at least one independent director, and all three current members are independent directors. The Committee held 2 meetings during the year with 100% attendance rate。

The main duty and authority of the Remuneration Committee includes establishing and regularly reviewing performance and remuneration systems and standards for directors and managers, as well as regularly evaluating remuneration for directors and managers. When conducting evaluations, the Remuneration Committee should comprehensively consider the following principles: the Company’s remuneration complies with relevant laws and is sufficient to attract outstanding talent. Performance evaluation and remuneration for directors and managers should reference industry standards and consider individual time invested, responsibilities undertaken, achievement of personal goals, performance in other positions, remuneration given by the Company to equivalent positions in recent years, and evaluate the reasonable correlation between individual performance and company operating performance and future risks based on achievement of the Company’s short-term and long-term business objectives and the Company’s financial condition. The committee should not induce directors and managers to engage in behavior exceeding the Company’s risk appetite in pursuit of remuneration. The proportion of remuneration distributed for short-term performance of directors and senior managers and the timing of partial variable remuneration payments should be determined considering industry characteristics and the Company’s business nature。

In practice, the Remuneration Committee diligently fulfills fiduciary duties as good administrators, faithfully performs authority to establish and regularly review policies, systems, standards, and structures for director and manager performance evaluation and remuneration, as well as regularly evaluates and determines remuneration for directors and managers, and submits recommendations to the Board of Directors for discussion。