Employee Welfare

Employee Insurance

A.The company provides employees with labor and health insurance and labor retirement.
B.Group Insurance: The company provides group insurance for employees.

Employee bonuses and stock options

According to government regulations and the Company's related regulations.

Training courses

For the sustainable development of the company and to improve the quality of employees, various courses are held from time to time.

Group activities

Regular staff trips, departmental dinners, fun competitions and other activities, and funding to encourage employees to participate.

Gifts

such as birthday gifts, bonuses for the three festivals, etc. We also provide subsidies to our employees for weddings, funerals, etc.

Staff training and training situation

In order to meet the need of the long-term development of the Company and to improve the working skills of our employees, and to achieve our business goals, the Company put emphasis on career development of our employees and the cultivation of talents. We have divided the education and training into the following three categories:

A.Pre-employment trainingAll new employees are required to receive pre-employment training to help them get familiar with the working environment and understand the company system and their rights and obligations.

B.On-the-job trainingIn-house training, selected training and external training, etc.

C.Manpower trainingConsidered as a long-term investment for employees, in addition to on-the-job training, we can also train employees by going abroad, visiting famous companies in China, attending various conferences and job rotations, etc.

Agreements between labor and management and various measures to protect employees'. rights and interests

The Company has established a Labor Council in accordance with the law and holds regular meetings in accordance with the relevant laws and regulations. In addition to the labor matters submitted by each unit in accordance with the law, the meeting also appoints representatives of both parties to consult employees' proposals. Through this meeting, the opinions of both parties are fully communicated and negotiated, and no labor disputes have occurred.

Employee Benefit Plans

In order to enhance internal welfare, reward employees for their financial planning, and increase employees' sense of participation in the company, and to achieve win-win benefits for both employers and employees, the company started the employee stock ownership trust business in 2020.

The Company’s employee stock trust program operates on a five-year cycle. During the initial term, the Company matches 100% of the amount contributed by participating employees. Employees receive allocated dividends annually and, upon completion of the five-year period, may either withdraw the full amount of allocated shares or retain them and continue participating in the program. For those who opt to continue participation beyond the initial term, the Company increases its matching rate to 110%. Furthermore, for each subsequent five-year cycle, employees who continue participating will receive a further 10% increase in the Company’s matching contribution rate.