Yichen Industrial amends reports, details executive pay

Hebei Yichen Industrial Group Corporation Limited has released a supplemental announcement to its 2020-2024 annual reports, providing additional information on the emoluments of its chief executives and highest-paid employees. The disclosures detail remuneration for chief executives who were not directors, including salaries, bonuses, allowances, pension insurance, housing funds, and other social insurance.

For FY2020, Mr. Zhang Ligang received RMB125,395.21 and Mr. Zhang Lifeng received RMB147,468.68. Mr. Zhang Lifeng's total remuneration increased in subsequent years, reaching RMB261,403.72 in FY22, RMB265,425.60 in FY22, RMB353,512.24 in FY23, and RMB364,111.41 in FY24.

The company stated that for all years from FY2020 to FY2024, no emoluments were paid by the group to directors, supervisors, or chief executives as an inducement to join or upon joining, or as compensation for loss of office. Furthermore, no directors, supervisors, or chief executives waived any remuneration during these periods. Similar statements were made regarding the five highest-paid employees for the same fiscal years.