Yanfeng Hourly Nonexempt Handbook

ABOUT THIS HANDBOOK

This handbook is a guide for YANFENG employees and has been prepared to provide information about the Company, to answer questions about your employment and to explain company policies. THIS HANDBOOK IS NOT AN EMPLOYMENT CONTRACT AND IS NOT INTENDED TO CREATE CONTRACTUAL OBLIGATIONS OF ANY KIND. YANFENG reserves the right at any time to substitute, modify, revoke, suspend, terminate, or change any or all terms of this handbook, plans, policies, or procedures, in whole or in part, without having to consult or reach agreement with anyone, at any time with or without notice.

Oral statements that are contrary to this statement by any employee, representative, or officer of YANFENG shall have no force or effect.

Finally, where the provisions of the handbook conflict with corporate policy or specific written plan documents, such as employee benefit plans, the language of the specific plan document or policy will prevail. The basis of employment at YANFENG is employment at will. Therefore, both parties have the absolute right to terminate the relationship at any time, with or without cause and with or without notice. Any change to the at-will status of employment may only be made in writing and signed by the Executive Director of Human Resources.

Please read this handbook carefully. Your understanding of its contents and suggestions for improvements will ensure good working relationships now and in the future. If you have any questions, feel free to ask your supervisor or a member of the Human Resources team.

We hope that your association with the company will be both rewarding and enjoyable. Welcome to the YANFENG team!

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