Specialized Committees under the Board of Directors

Remuneration Committee

       The Board of Directors of Yankuang Energy Group Company Limited. has established the Remuneration Committee that consists of three Directors, namely, Zhu Limin, Woo Kar Tung, Raymond and Gao Jingxiang. Mr. Zhu Limin serves as the Director of the Remuneration Committee.  

The Remuneration Committee is responsible to the Board of Directors of the Company. The operation management department of the Company is the working body of the Remuneration Committee.

According to domestic and foreign listing supervisory regulations, the main duties of the Remuneration Committee of the Board of Directors are:

1.To consider the main scope of the positions of the Directors, the Supervisors and the senior management, their responsibilities, the time to be devoted, the employment conditions of other positions within the Group and the remuneration levels of other positions in relevant enterprises, and formulate remuneration plans or schemes and make suggestions to the Board of Directors. Remuneration plans or schemes mainly include but are not limited to the formulation of performance evaluation standards, procedures and main evaluation systems, as well as main schemes and systems of rewards and punishments according to the Company's objectives passed by the Board of Directors;

2.To supervise the implementation of the remuneration system for the Directors, the Supervisors and the Senior Management;

3.To review the duty performance of the Company's the Directors, the Supervisors and the Senior Management and conduct annual performance evaluation on them according to the Company's policies and objectives formulated by the Board of Directors, and make suggestions to the Board of Directors on the remuneration of the Directors, the Supervisors and theSenior Management;

4. According to the authorization of the Board of Directors, to formulate remuneration management methods and remuneration package schemes for individual directors, supervisors and senior managers and make suggestions to the Board of Directors. The remuneration package includes non-pecuniary benefits, pension rights and compensation (including compensation for loss or termination of duty or appointment);

5. To review and approve the following compensation arrangements to ensure that they are consistent with the terms of the contract. If not, the compensation shall be fair, reasonable and appropriate:(1) compensation payable to the directors, supervisors and senior managers for the loss or termination of their duties; (2) Compensation for dismissal or removal the directors from their posts due to their misconduct;

6. To ensure that no directors or their contacts participate in the determination of their own remuneration;

7. To study and make suggestions on the Company's equity incentive plan;

8.To report to the Board of Directors the decisions or suggestions made by the Remuneration Committee, except where such reporting cannot be conducted due to legal or regulatory constraints;

9. Other items to be handled by the Remuneration Committee and other matters to be authorized by the Board of Directors in accordance with the domestic and foreign supervisory regulations amended from time to time.