Compensation and Benefits

EGCO Group has set up criteria and guidelines for the consideration of welfare, benefits, and salary from short-term performance and long-term incentive such as bonus based on targets associated with sustainability performance and corporate KPI including long-term growth, as well as individual performance in association with their qualifications and capabilities without discrimination of sex, age, or race. Other benefits are also provided on a similar standard as other leading companies in the same industry and do not exceed minimum wage as the legal requirement.

EGCO Group provides long-term incentive program for employees as cash incentive through determining corporate sustainability target to increase power generation by renewable energy to 30% of EGCO Group’s overall generation capacity from 2020 baseline and reducing carbon intensity by 10% from 2020 baseline for both domestic and overseas operations, applying to all EGCO Holding’s employees. The long-term incentive is contributed to employees below the senior management level who are joined the company more than 3 years. 22.12% of employees who are below senior management level applicable for this program.

Long-term incentive includes target associated with sustainable performance. (Please see https://sustainability.egco.com/storage/document/corporate-governance-overview/corporate-key-performance-indicators-en.pdf, EGCO enterprise KPI#18, #19). From the target, an annual amount of new renewable MWh will be determined to ensure an achievement by the targeted timeline. If the Company achieves the target set in each year, the employees will receive a bonus as pre-defined. However, if the annual target could not be reached, the reward will be proportionally deducted.