Wang Jing Annual Salary Of 4 Million 300 Thousand Yuan Pathfinder Responded That Compliance

A few days ago, the responsible person of Pathfinder holding group Limited by Share Ltd (hereinafter referred to as "Pathfinder"), in response to the exchange and interaction of investors, answered why chairman and CEO Wang Jing received millions of dollars in annual salary. Wang Jing said that he would receive the company's chairman's allowance on the one hand, and on the other hand he could get the CEO's salary, "according to the relevant principles of the annual salary and salary plan for senior executives".

The official said that the executive compensation of the company was determined according to the relevant principles of the annual salary and salary plan for senior executives, and the board nomination and remuneration committee were approved and submitted to the board for deliberation and approval. Executive compensation is mainly based on the actual situation of the company's operation and management complexity, and based on the salary level of the industry, based on the position of the senior management, the number of years of work and the results of the performance appraisal.

In the evening of July 11th, the Pathfinder disclosed the first half performance forecast, expecting a net profit of 79 million 600 thousand -8450 yuan in the first half, an increase of 230%-250% compared with the same period last year. During the reporting period, the total remuneration of the directors, supervisors and senior management of the Pathfinder totaled 13 million 691 thousand and 800 yuan. Among them, the chairman and CEO Wang Jing paid 4 million 304 thousand and 600 yuan, the chief financial officer Dong Meibing paid 681 thousand and 300 yuan, and the Secretary of the board of directors and chief investment officer Tao Xu paid 491 thousand and 800 yuan.

Statistics show that the pathfinder was founded in 1999 by Wang Jing and Sheng Fa Qiang, and was listed in 2009, the first batch of enterprises listed on the gem. The company is China's largest outdoor product company, ranking first in market sales and market share for many years. Its main business includes outdoor products and tourist sectors, of which outdoor products are mainly outdoor clothing and outdoor equipment; travel business is mainly carried out by its subsidiaries, and it also provides travel related services such as tourism products and air tickets booking.

At the end of 2017, the management of the pathfinder was replaced. Wang Jing, founder of the company, returned to the company as chairman and CEO. The new management clearly defined the strategic focus of the company to return to the main business of outdoor products, gradually divestiture the less relevant business with outdoor products, integrate relevant resources, and play a leading edge. After more than a year of transformation and adjustment, the company's performance has gradually recovered.