Shanghai International Port Group adopts 2025 wage mechanism reform

Shanghai International Port Group Co., Ltd. announced that its board of directors held its sixty-fourth meeting on December 26, 2025, via telecommunication. All 11 eligible directors participated and unanimously approved the "2025 Implementation Plan for Wage Determination Mechanism Reform."

This reform aims to establish a remuneration system that balances incentives and constraints, efficiency and fairness. It seeks to align wages with labor market conditions, company economic benefits, and labor productivity. Furthermore, it complies with state-owned asset supervision requirements and industry regulations, implementing precise classified management to promote more equitable income distribution.

The company's board of directors agreed to formulate the "Shanghai International Port Group Co., Ltd. 2025 Implementation Plan for Wage Determination Mechanism Reform." The vote was unanimous with 11 votes in favor, 0 against, and 0 abstentions. The board's nomination, remuneration, and assessment committee had previously reviewed the plan and recommended its submission to the board for deliberation.