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Southernpec adopts remuneration policies and a salary structure based on the Company's rapid growth, market competitiveness, employee values and work performance.

■ Highly competitive remunerations
To ensure the Company's success in market competitions, Southernpec carries out long-term cooperation with world-class human resources consultants such as Mercer, to conduct pay data surveys on a regular basis. Based on the survey results and the Company's business performance, Southernpec adjusts the remunerations of its employees, so that they are on a par with those of top petrochemical enterprises in the world. With all kinds of talents being appointed based on their merits, dedicated employees are sure to see the enhancement of their personal values and the returns on their striving efforts.

■ Comprehensive insurance and benefits
Apart from basic social security and welfares, the Company also provides compressive fringe benefits in diversified schemes, with active exploration of currency subsidies to employees as market-oriented benefits. We provide employees with comprehensive welfare scheme including endowment insurance, medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and housing provident fund, as stipulated by the Chinese Government.

■ Exclusive training for staffs
We provide all employees with systematic and standard training on generic qualities and professional skills. We also actively implement special training programs, including the Young Management Growth Program and the Rookie Training Camp, so as to cultivate backup talents for the Company.

■ Abundant employee benefits
We pay attention not only to the enhancement of employee values, but even more to the employees' physical and mental health, showing care for them in every aspect of daily life. Among other things, the Company provides employees with paid annual leave, marriage leave, maternity & paternity leaves, annual physical examinations and commercial insurances (covering personal accidents, critical illnesses, traffic accidents, outpatient & inpatient medical treatments, as well as maternity/birth insurance).

■ Recreational and sports events
Related events include annual travels, annual parties and major sporting events, as well as activities organized by various staff clubs and the photography association.

■ Charitable initiatives
Related initiatives include those organized by the trade union, the CPC Branch, the Communist Youth League, the mutual assistance fund and the volunteer team.
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