Year 2023. If a local salary settlement is not reached, the salaries will be increased by a general increase of 2.2% on 1 October 2023 or at the beginning of the pay period starting after it.
Year 2023. Pay settlement for 2023 shall be implemented based on the same principles as the pay settlement for 2022. The cost impact of the pay settlement and its possible distribution shall be agreed in negotiation between the parties by the end of February 2023. During January–February, the parties shall review the general economic situation, employment, development of the sector, and factors having an impact on these. Based on the review, the parties shall negotiate by 28 February 2023 on pay increases to be implemented in 2023 and on their possible distribution. In the same context, it is possible to review the preconditions for continuing the agreement period beyond 31 March 2024. If agreement cannot reached on the pay settlement to be implemented on 1 July 2023 by 28 February 2023, either party may give written notice of termination of this Agreement to end on 31 March 2023.
Year 2023. 1. The receiving party has the right to obtain1985937 KNDI shares, namely, one third of the total number of shares, provided that the Crossover Project achieves a net profit of RMB 50 million yuan during the period from January 1, 2023 to December 31, 2023, and after the above value is reviewed and confirmed by the auditor designated by granting party. If net profit of the project in 2023 is more than RMB 50 million yuan and net profit for 2023 is A1 ten thousand yuan, the receiving party has the right to obtain N1 KNDI shares(N1=A1÷15000*5957811). However, the maximum number of KNDI shares that the receiving party is entitled to obtain in 2023 shall not exceed 5,957,811 shares.
Year 2023
