{"url_path":"/sec/sos/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1346610/0001213900-26-057725-index.html","accession_number":"0001213900-26-057725","cik":"0001346610","ticker":"SOS","issuer_name":"SOS Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1346610/0001213900-26-057725-index.html","primary_entity_key":"0001346610","primary_entity_name":"SOS Ltd"},"word_count":4522,"has_tables":true,"body_markdown":"**ITEM\n6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\n \n\n**A.\nDirectors and Senior Management**\n\n \n\nThe\nfollowing table sets forth information regarding our directors and executive officers as of the date of this annual report.\n\n \n\n**Name**\n \n**Age**\n \n**Position\nwith the Company**\n\n*Executive Officers:*\n \n \n \n \n\nYandai Wang\n \n49\n \nExecutive Chairman and Chief Executive Officer\n\nLi Sing Leung\n \n59\n \nChief Financial Officer and Director\n\n \n \n \n \n \n\n*Directors:*\n \n \n \n \n\nRussell Krauss\n \n67\n \nDirector\n\nDouglas L. Brown\n \n68\n \nIndependent Director\n\nShuo Li\n \n45\n \nIndependent Director\n\nWenbin Wu\n \n64\n \nIndependent Director\n\n \n\n**Executive\nOfficer Biographies**\n\n \n\n**Mr.\nYandai Wang** has been the Chief Executive Officer of the Company and Executive Chairman of the Board since May 2020. Mr. Wang\nhas served as Chief Executive Officer of SOS since November 2018 and executive chairman of Yongbao Group since April 2015. He has over\n20 years of industrial experience in emergency rescue, telecom and call center services. Mr. Wang received his bachelor’s degree\nin Information Technology and Management from Information Engineering University in 2014 and studied Economic Management at University\nof San Francisco in 2019.\n\n \n\n**Mr.\nLi Sing Leung** has been the Financial Controller of Transfar International Group Limited from May 2018 to May 2020, which a conglomerate\nlisted in mainland China mainboard capital market He served as the as the Managing Director of Hong Kong and Shanghai Business Corporation\nfrom November 2016 to April 2018. Mr. Li has over twenty five years of combined experience in auditing, accounting, international tax\nplanning, merger & acquisition, corporate financing, valuation and public relationship with investors etc. Mr. Li obtained his bachelor’s\ndegree in Commerce from the University of New South Wales, Australia, and a MBA from the University of Texas at Arlington, USA. Mr. Li\nis a member of Certified Practicing Accountants of Australia, a fellow member of the Association of Chartered Certified Accountants UK;\na full member of Institute of Chartered Accountants of Singapore; a full member of Hong Kong Institute of Certified Public Accountants,\na member of American Institute of Certified Public Accountants, respectively and holds a CPA license issued by the Colorado State Board\nof Accountancy, USA. In January 2024, Mr. Li was awarded of Specialist Certificates in Securities and Corporate Finance respectively\nby Hong Kong Securities and Investment Institute, a licensing examination body of the Securities and Futures Commission. From 2023 to\n2025, Mr. Li passed FINRA Series 7, 63, 79 and 24 respectively.\n\n** **\n\n**Directors\nBiographies**\n\n \n\n**Mr.\nDouglas L. Brown** has been an independent non-executive director on our board since 2007. Mr. Brown is the founder and chairman\nof DLB Capital, which is a private equity firm with a focus on development and startup companies in the financial services industry in\nthe United States and China. He has held his positions at DLB Capital since 2006. Prior to DLB Capital, Mr. Brown held the position of\nvice chairman—investment banking at Morgan Stanley where, among other responsibilities, he advised on initial public offerings\nand the privatization of Chinese state-owned financial institutions. Mr. Brown was also the non-executive chairman of HighTower Advisors,\nLLC from its founding in 2007 to 2011, and was its first institutional investor through DLB Capital. He continues to serve as a director\nof HighTower Advisors, LLC. Mr. Brown also serves as a director of Transamerica Corporation, a position he has held since 2008. Mr. Brown\nreceived his bachelor’s degree from Bowdoin College.\n\n \n\n58\n\n \n\n \n\n**Mr.\nRussell Krauss** served as our co-chief executive officer from September 2018 to September 30, 2019, vice-chairman from September\n2018 to September 30, 2019, and prior to that served as an independent non-executive director on our board since October 2016. Previously,\nMr. Krauss served as a Senior Vice President, Accounts and Business Operations for DXC Technology from 2017 to 2018. In that role, he\nwas responsible for enterprise-wide operations, acted as chief client officer and oversaw top accounts for the $24 billion business.\nPrior to that, he was vice president and managing director for several of EDS’ (and then HP’s) largest businesses where he\ndrove significant value for both clients and shareholders through major transformation initiatives. Prior to that, Mr. Krauss was vice\npresident and CIO for the New York Power Authority, the largest non-federal utility in the U.S. He led the Y2K transition of one of the\nnation’s “Top 10 Critical Infrastructure” entities and was the executive responsible for a $1.4 billion divestiture\nof the Nuclear Generation business—the largest transaction of its kind in U.S. history. Krauss has served as business leader and\ndivision CIO in Westinghouse Electric Corporation and United Technologies Corporation. He received his MBA from the University of New\nHaven and bachelor’s degree in Computer Science from State University, New York.\n\n \n\n**Mr.\nShuo Li** has served as the Vice President of Saibo Holdings Group Co., Ltd since July 2021. Before that, Mr. Li was the regional\nmanager of Beike Holdings Limited from May 2018 to July 2021. Mr. Li earned his Master’s degree in public administrations from\nChina Ocean University in 2010 and his Bachelor’s degree in physics education from Shandong Normal University in 2003.\n\n \n\n**Mr.\nWenbin Wu** has served as our independent director since May 2020. has been appointed an independent director of the Board as\na nominee of YBT. Mr. Wu currently serves as the Chairman of Shenzhen Rongde Investments Ltd. and Shenzhen Rongde Enterprise Management\nAdvisory Company. Mr. Wu also has served as executive director of Shenzhen ZhongHengHe Asset Management Ltd. and as an IPO consultant\nof Shenzhen Rongle Culture Media Group Ltd. Mr. Wu studied Financial Accounting and Social Science at Zhengzhou University of Aeronautics-ZUA\nand Nanjing University of Aeronautics and Astronautics and received a bachelor’s degree of Law and a MBA certificate from Queen’s\nUniversity of Brighton.\n\n \n\n**B.\nCompensation**\n\n \n\nFor\nthe fiscal year ended December 31, 2025, we paid an aggregate of approximately $2.38 million in cash to our directors and executive officers\nand granted an aggregate of 2,934,447 restricted share units to our directors and executive officers.  We have not set aside or\naccrued any amount to provide pension, retirement or other similar benefits to our executive officers and directors. In accordance with\nthe PRC law, our PRC subsidiary and consolidated affiliated entity and its subsidiaries are required by law to make contributions equal\nto certain percentages of each employee’s salary for his or her pension insurance, medical insurance, unemployment insurance and\nother statutory benefits and a housing provident fund.\n\n \n\n**Employment\nAgreements**\n\n \n\nWe\nand our subsidiaries have entered into one or more employment agreements with each of our executive officers. Under these agreements,\neach of our executive officers is employed for a specified time period subject to renewals upon mutual consent unless written notice\nis given by us or the executive officer within a specified time prior to the end of the then-current term.\n\n \n\n**Confidentiality**\n\n \n\nEach\nexecutive officer has agreed to hold, both during and after the termination or expiry of his employment agreement, in strict confidence\nand not to use, except as required in the performance of his or her duties in connection with the employment or pursuant to applicable\nlaw, any of our confidential information, trade secrets, know-how or confidential business information. The executive officers have also\nagreed to disclose in confidence to us all inventions, designs and trade secrets which they conceive, develop or reduce to practice during\nthe executive officer’s employment with us and to assign all right, title and interest in them to us, and assist us in obtaining\nand enforcing patents, copyrights and other legal rights for these inventions, designs and trade secrets.\n\n \n\n**Non-Competition\nand Non-Solicitation**\n\n \n\nIn\naddition, each executive officer has agreed to be bound by non-competition and non-solicitation restrictions during the term of his or\nher employment and for at least one year following the last date of employment. Specifically, each executive officer has agreed not to\n(i) solicit, divert or take away any of our customers or business existing at the time of the termination of employment or (ii) directly\nor indirectly compete with our existing, planned or proposed business. In addition, executive officers shave agreed for a period of two\nyears following the termination of their employment with us to not solicit or discuss the employment or retention of our employees or\nconsultants while such employees or consultants are in our employ and for a six-month period thereafter.\n\n \n\n**Indemnification\nAgreements**\n\n \n\nWe\nhave entered into indemnification agreements with each of our directors and executive officers. Under these agreements, we agree to indemnify\nour directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made\nby reason of their being a director or executive officer of our company.\n\n* *\n\n59\n\n \n\n* *\n\n**Share\nIncentive Plans **\n\n \n\n**2025\nEquity Incentive Plan**\n\n** **\n\nOur\n2025 Equity Incentive Plan was adopted on July 2, 2025, to attract and retain the best available personnel for positions of responsibility,\nprovided additional incentive to employees and service providers and promote the success of our business. The equity incentive plan provided\nfor the grant of incentive stock options, or ISOs, within the meaning of Section 422 of the Code, to our employees and any of our subsidiaries’\nemployees (including officers and inside directors), and for the grant of non-statutory stock options, or NSOs, stock appreciation rights,\nor SARs, restricted stock, restricted share units, performance units and performance shares to our employees, directors and consultants.\n\n \n\nOn\nDecember 31, 2025, we issued 1,233,193 Class A Ordinary Shares to our officers, directors and employees pursuant to the 2025 Equity Incentive\nPlan.   \n\n \n\n*Authorized\nShares.* The maximum aggregate number of shares that may be issued under the 2025 Equity Incentive Plan is 152,862,155 of our\nClass A Ordinary Shares (pre-2025 Share Consolidation). Vested restricted share units will be settled with one Class A ordinary share.\nClass A Ordinary Shares issued pursuant to awards under the 2025 Equity Incentive Plan that we repurchase or that are forfeited, as well\nas Class A Ordinary Shares used to pay the exercise price of an award or to satisfy the tax withholding obligations related to an award,\nwill become available for future grant under the 2025 Equity Incentive Plan. In addition, Class A Ordinary Shares will not be deemed\nto have been issued under the 2025 Equity Incentive Plan with respect to any portion of an award that is paid out in cash rather than\nClass A Ordinary Shares. During the term of the 2025 Equity Incentive Plan, we will at all times reserve and keep available a sufficient\nnumber of Class A Ordinary Shares to satisfy the requirements of the 2025 Equity Incentive Plan.\n\n \n\n*Plan\nAdministration.* The 2025 Equity Incentive Plan is administered by our compensation committee and/or one or more additional committees\nof directors or other individuals or compensation consultants appointed by our board of directors in accordance with the terms of the\n2025 Equity Incentive Plan. To the extent that the administrator decides to qualify an award as performance-based compensation, the 2025\nEquity Incentive Plan will be administered by a committee of two or more outside directors. Subject to the provisions of the 2025\nEquity Incentive Plan, the administrator has the power to determine the terms of awards, including the recipients, the exercise price,\nif any, the number of shares subject to each award, the fair value of a share of our Class A Ordinary Shares, the vesting schedule applicable\nto the awards, together with any vesting acceleration, and the form of consideration, if any, payable upon exercise of the award and\nthe terms of the award agreement for use under the 2025 Equity Incentive Plan.\n\n \n\n**2023\nEquity Incentive Plan**\n\n \n\nOur\n2023 Equity Incentive Plan was adopted on March 2, 2023, to attract and retain the best available personnel for positions of responsibility,\nprovided additional incentive to employees and service providers and promote the success of our business. The equity incentive plan provided\nfor the grant of incentive stock options, or ISOs, within the meaning of Section 422 of the Code, to our employees and any of our subsidiaries’\nemployees (including officers and inside directors), and for the grant of non-statutory stock options, or NSOs, stock appreciation rights,\nor SARs, restricted stock, restricted share units, performance units and performance shares to our employees, directors and consultants.\n\n \n\nOn\nAugust 18, 2024, we issued all Class A Ordinary Shares to our officers, directors and employees pursuant to the 2023 Equity Incentive\nPlan.\n\n \n\n*Authorized\nShares.* The maximum aggregate number of shares that may be issued under the 2023 Equity Incentive Plan is 445,000,000 of our\nClass A Ordinary Shares (pre-2023 Share Consolidation). Vested restricted share units will be settled with one Class A ordinary share.\nClass A Ordinary Shares issued pursuant to awards under the 2023 Equity Incentive Plan that we repurchase or that are forfeited, as well\nas Class A Ordinary Shares used to pay the exercise price of an award or to satisfy the tax withholding obligations related to an award,\nwill become available for future grant under the 2023 Equity Incentive Plan. In addition, Class A Ordinary Shares will not be deemed\nto have been issued under the 2023 Equity Incentive Plan with respect to any portion of an award that is paid out in cash rather than\nClass A Ordinary Shares. During the term of the 2023 Equity Incentive Plan, we will at all times reserve and keep available a sufficient\nnumber of Class A Ordinary Shares to satisfy the requirements of the 2023 Equity Incentive Plan.\n\n \n\n*Plan\nAdministration.* The 2023 Equity Incentive Plan is administered by our compensation committee and/or one or more additional committees\nof directors or other individuals or compensation consultants appointed by our board of directors in accordance with the terms of the\n2023 Equity Incentive Plan. To the extent that the administrator decides to qualify an award as performance-based compensation, the 2023\nEquity Incentive Plan will be administered by a committee of two or more outside directors. Subject to the provisions of the 2023\nEquity Incentive Plan, the administrator has the power to determine the terms of awards, including the recipients, the exercise price,\nif any, the number of shares subject to each award, the fair value of a share of our Class A Ordinary Shares, the vesting schedule applicable\nto the awards, together with any vesting acceleration, and the form of consideration, if any, payable upon exercise of the award and\nthe terms of the award agreement for use under the 2023 Equity Incentive Plan.\n\n \n\n60\n\n \n\n \n\n**2022\nEquity Incentive Plan**\n\n \n\nOur\n2022 Equity Incentive Plan was adopted on October 4, 2022, to attract and retain the best available personnel for positions of responsibility,\nprovided additional incentive to employees and service providers and promote the success of our business. The equity incentive plan provided\nfor the grant of incentive stock options, or ISOs, within the meaning of Section 422 of the Code, to our employees and any of our subsidiaries’\nemployees (including officers and inside directors), and for the grant of non-statutory stock options, or NSOs, stock appreciation rights,\nor SARs, restricted stock, restricted share units, performance units and performance shares to our employees, directors and consultants.\n\n \n\nAs\nof the date of this report, we have not issued any Class A Ordinary Shares to our officers, directors and employees pursuant to the 2022\nEquity Incentive Plan.\n\n \n\n*Authorized\nShares.* The maximum aggregate number of shares that may be issued under the 2022 Equity Incentive Plan is 447,836,077 of our\nClass A Ordinary Shares (pre-2023 Share Consolidation). Vested restricted share units will be settled with one Class A Ordinary Share.\nClass A Ordinary Shares issued pursuant to awards under the 2022 Equity Incentive Plan that we repurchase or that are forfeited, as well\nas Class A Ordinary Shares used to pay the exercise price of an award or to satisfy the tax withholding obligations related to an award,\nwill become available for future grant under the 2022 Equity Incentive Plan. In addition, Class A Ordinary Shares will not be deemed\nto have been issued under the 2022 Equity Incentive Plan with respect to any portion of an award that is paid out in cash rather than\nClass A Ordinary Shares. During the term of the 2023 Equity Incentive Plan, we will at all times reserve and keep available a sufficient\nnumber of Class A Ordinary Shares to satisfy the requirements of the 2022 Equity Incentive Plan.\n\n \n\n*Plan\nAdministration.* The 2022 Equity Incentive Plan is administered by our compensation committee and/or one or more additional committees\nof directors or other individuals or compensation consultants appointed by our board of directors in accordance with the terms of the\n2022 Equity Incentive Plan. To the extent that the administrator decides to qualify an award as performance-based compensation, the 2022\nEquity Incentive Plan will be administered by a committee of two or more outside directors. Subject to the provisions of the 2022\nEquity Incentive Plan, the administrator has the power to determine the terms of awards, including the recipients, the exercise price,\nif any, the number of shares subject to each award, the fair value of a share of our Class A Ordinary Shares, the vesting schedule applicable\nto the awards, together with any vesting acceleration, and the form of consideration, if any, payable upon exercise of the award and\nthe terms of the award agreement for use under the 2022 Equity Incentive Plan.\n\n** **\n\n**Compensation\nConsultant**\n\n \n\nOur\nboard of directors is authorized to engage its own independent consultant to advise it with respect to executive compensation matters.\nWhile the board of directors may rely on external information and advice, the decisions made by the board of directors may reflect factors\nand considerations other than, or that may differ from, the information and recommendations provided by any external compensation consultants\nthat may be retained from time to time.\n\n \n\n**C. Board\nPractices**\n\n \n\nOur\nboard of directors consists of six directors, including two executive directors and four non-executive directors. The powers and duties\nof our directors include convening general meetings and reporting our board’s work at our shareholders’ meetings, declaring\ndividends and distributions, determining our business and investment plans, appointing officers and determining the term of office of\nthe officers, preparing our annual financial budgets and financial reports, formulating proposals for the increase or reduction of our\nauthorized capital as well as exercising other powers, functions and duties as conferred by our articles of association. Our directors\nmay exercise all the powers of our company to borrow money and to mortgage or charge its undertaking, property and uncalled capital or\nany part thereof, to issue debentures, debenture stock and other securities whenever money is borrowed or as security for any debt, liability\nor obligation of our company or of any third party. A director is not required to hold any shares in our company to qualify to serve\nas a director.\n\n \n\nSubject\nto NYSE rules, a director may vote in respect of any contract or proposed contract or arrangement notwithstanding that he may be interested\ntherein and if he does so his vote shall be counted and he may be counted in the quorum at any meeting of the directors at which any\nsuch contract or proposed contract or arrangement is considered. A director who is in any way, whether directly or indirectly, interested\nin a contract or proposed contract with us is required to declare the nature of his interest at a meeting of our directors. A general\nnotice given to the directors by any director to the effect that he is a member, shareholder, director, partner, officer or employee\nof any specified company or firm and is to be regarded as interested in any contract or transaction with that company or firm shall be\ndeemed a sufficient declaration of interest for the purposes of voting on a resolution in respect to a contract or transaction in which\nhe has an interest, and after such general notice it shall not be necessary to give special notice relating to any particular transaction.\n\n \n\n61\n\n \n\n \n\n**Committees\nof the Board of Directors**\n\n \n\nWe\nhave several committees under the board of directors, including an audit committee, a compensation committee, and a nominating and corporate\ngovernance committee. We have adopted a charter for each of our committees. The audit committee, compensation committee, and nominating\nand corporate governance committee’s members and functions are described below.\n\n \n\n**Audit\nCommittee**. Our audit committee consists of Douglas Brown, Shuo Li and Wenbin Wu and is chaired by Wenbin Wu and each satisfy\nthe “independence” requirements of the NYSE listing rules of and meet the independence standards under Rule 10A-3 under the\nExchange Act. We have determined that Mr. Wu qualifies as an “audit committee financial expert.” The audit committee oversees\nour accounting and financial reporting processes and the audits of the financial statements of our company. The audit committee is responsible\nfor, among other things:\n\n \n\n \n●\nselecting the independent\nregistered public accounting firm and pre-screening all auditing and non-auditing services permitted to be performed by the independent\nregistered public accounting firm;\n\n \n\n \n●\nreviewing with the independent\nregistered public accounting firm any audit problems or difficulties and management’s response;\n\n \n\n \n●\nreviewing and approving\nall proposed related party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;\n\n \n\n \n●\ndiscussing the annual audited\nfinancial statements with management and the independent registered public accounting firm;\n\n \n\n \n●\nreviewing the adequacy\nof our internal controls and any special audit steps adopted in light of material control deficiencies;\n\n \n\n \n●\nannually reviewing and\nreassessing the adequacy of our audit committee charter;\n\n \n\n \n●\nmeeting separately and\nperiodically with management and the independent registered public accounting firm; and\n\n \n\n \n●\nreporting to the board\nof directors.\n\n \n\n**Compensation\nCommittee**. Our compensation committee consists of Douglas L. Brown, Shuo Li and Wenbin Wu and is chaired by Shuo\nLi and each satisfy the “independence” requirements of the listing rules of the NYSE. The compensation committee assists\nthe board of directors in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors\nand executive officers. Our executive officers may not be present at any committee meeting during which their compensation is deliberated\nupon. The compensation committee is responsible for, among other things:\n\n \n\n \n●\nreviewing the total compensation\npackage for our executive officers and making recommendations to the board of directors with respect to it;\n\n \n\n \n●\napproving and overseeing\nthe total compensation package for our executives other than the three most senior executives;\n\n \n\n \n●\nreviewing the compensation\nof our directors and making recommendations to the board of directors with respect to it; and\n\n \n\n \n●\nperiodically reviewing\nand approving any long-term incentive compensation or equity plans, programs or similar arrangements, annual bonuses, and employee\npension and welfare benefit plans.\n\n \n\n62\n\n \n\n \n\n**Nominating\nand Corporate Governance Committee.** Our nominating and corporate governance committee consists of Douglas L. Brown, Shuo\nLi and Wenbin Wu, and is chaired by Douglas L. Brown and each satisfy the “independence” requirements of the listing rules\nof the NYSE. The nominating and corporate governance committee assists the board of directors in selecting individuals qualified to become\nour directors and in determining the composition of the board of directors and its committees. The nominating and corporate governance\ncommittee is responsible for, among other things:\n\n \n\n \n●\nrecommending nominees to\nthe board of directors for election or re-election to the board of directors, or for appointment to fill any vacancy on the board\nof directors;\n\n \n\n \n●\nreviewing annually with\nthe board of directors the current composition of the board of directors with regards to characteristics such as independence, age,\nskills, experience and availability of service to us;\n\n \n\n \n●\nselecting and recommending\nto the board of directors the names of directors to serve as members of the audit committee and the compensation committee, as well\nas of the nominating and corporate governance committee itself; and\n\n \n\n \n●\nmonitoring compliance with\nour code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.\n\n \n\n**Duties\nof Directors**\n\n \n\nUnder\nCayman Islands law, our directors owe to us fiduciary duties, including a duty to act honestly, and a duty to act in what they consider\nin good faith to be in our best interests. Our directors also owe to our company a duty to act with skill and care. It was previously\nconsidered that a director need not exhibit in the performance of his duties a greater degree of skill than may reasonably be expected\nfrom a person of his knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard with\nregard to the required skill and care and these authorities are likely to be followed in the Cayman Islands. In fulfilling their duty\nof care to us, our directors must ensure compliance with our memorandum and articles of association, as amended and restated from time\nto time, and the rights vested thereunder in the holders of the shares. Our directors owe their fiduciary duties to our company and not\nto our company’s individual shareholders, and it is our company which has the right to seek damages if a duty owed by our directors\nis breached. In limited exceptional circumstances, a shareholder may have the right to seek damages in our name if a duty owed by our\ndirectors is breached.\n\n \n\n**Terms\nof Directors**\n\n \n\nPursuant\nto our sixth amended and restated memorandum and articles of association, our directors are not subject to a term of office and hold\ntheir offices until such time as they are removed from office by an ordinary resolution of our shareholders. In addition, the office\nof any of our directors shall be vacated if the director (a) dies, becomes bankrupt or makes any arrangement or composition with his\ncreditors, (b) is found to be or becomes of unsound mind, (c) resigns his office by notice in writing to our company, or (d) without\nspecial leave of absence from our board of directors, is absent from three consecutive meetings of the board and the board resolves that\nhis office be vacated.\n\n \n\n**D.\nEmployees**\n\n \n\nWe\nhad 65 and 51 full-time employees as of December 31, 2024 and 2025, respectively. None of our employees are represented by a labor union.\nWe have not experienced any work stoppages, and we consider our relations with our employees to be good.\n\n \n\nAs\nrequired by regulations in China, we participate in various government statutory social security plans, including a pension contribution\nplan, a medical insurance plan, an unemployment insurance plan, a work-related injury insurance plan, a maternity insurance plan and\na housing provident fund. We are required under PRC law to contribute to social security plans at specified percentages of the salaries,\nbonuses and certain allowances of our employees up to a maximum amount specified by the local government from time to time.\n\n \n\nWe\nenter into standard labor contracts with our employees. We also enter into standard confidentiality and non-compete agreements with our\nexecutive officers. See “Item 6. Directors, Senior Management and Employees—B. Compensation—Employment Agreements.”\n\n \n\n**E.\nShare Ownership**\n\n \n\nFor\ninformation regarding the share ownership of our directors and officers, see “Item 7. Major Shareholders and Related Party Transactions—A.\nMajor Shareholders.” For information as to incentive shares and options granted to our directors, executive officers and other\nemployees, see “Item 6. Directors, Senior Management and Employees—B. Compensation—Share Incentive Plans.”\n\n \n\n**F.\nDisclosure of a registrant’s action to recover erroneously awarded compensation.**\n\n** **\n\nNone.\n\n \n\n63"}