"Chairman, is this equity incentive still limited to three years?" Jiang Yue asked.

"Extend it to four years," Zhang Shuo said.

All the executives understood it. Four years later, in May 2020, it happened to be the tenth anniversary of the founding of Sprout. If they said it was a complete coincidence, no one would believe it.

It is expected that the third equity incentive plan will be launched in due course on the tenth anniversary.

Since then, even if the equity incentive path of the Germination System has become clear, overall, although it is not as full-shareholding as Warwick, it is still generous enough.

It's not as fussy as the outside world thinks.

If you include the equity that Zhang Shuo previously allocated to the employee care fund, it becomes even more sincere.

"In addition to setting the incentive period to four years, I think this round of equity incentives also needs to set two conditions. First, the equity incentives should be appropriately tilted towards management and R&D personnel as much as possible."

To put it bluntly, we need to retain high-quality talents.

"Second, in terms of equity subscription, the group can advance the subscription funds of 35 billion. If employees who subscribe cannot pay it all in one go, they can apply to have it deducted from their salary income monthly for the next four years."

This is equivalent to allowing employees to "pay in installments", and the period is also four years.

This is also done considering that the capital pool for equity subscription this time is too large. Even for management and R&D personnel, many people are afraid that they will not be able to pay all the money in one go due to factors such as housing loans.

At this time, the company’s humanistic care must be reflected.

"Chairman, you are so thoughtful, it makes us all a little embarrassed." Lu Kai joked with a smile.

"Ha ha!"

Jiang Yue and other senior executives also laughed and looked very happy.

"By the way, Chairman, after this equity operation, the number of shareholders of Sprout Holdings is bound to see a surge. In the future, will it be necessary to pay dividends every year?" Jiang Yue asked another question.

The implication is that no matter how hard it is for Zhang Shuo to be a good man, he should not pay dividends.

"should be."

As Jiang Yue said, while gradually diluting the equity of Dream Fund, it also means that Zhang Shuo no longer has 100% control over Sprout Holdings.

Although it is still the largest shareholder, there are some rules that should be followed and must be followed.

For example, dividends.

The only good news is that Sprout Holdings is not yet a listed company and has no plans to go public in the future. Even if it pays dividends, it is not mandatory.

When and how to distribute dividends is ultimately up to Zhang Shuo.

"Since dividends are to be distributed, after the Dream Fund reduced its holdings for the second time, Chunmiao Fund has become the second largest shareholder of the group. The dividends received in the future will probably far exceed the needs of Chunmiao Fund." Jiang Yue reminded.

This was what she was worried about.

Based on Germination’s annual dividends of RMB 100 billion, Chunmiao Fund’s annual dividends exceed RMB 20 billion.

Where can this be spent?

As the helmsman of Chunmiao Fund, Jiang Yue must consider this issue.

"What do you mean?" Zhang Shuo asked.

"I suggest that the 5%-10% equity held by Chunmiao Fund be returned to the chairman for your personal holding. Because this part of the equity is transferred by you personally for free."

Jiang Yue is sincerely considering Zhang Shuo's interests.

If it were said that Chunmiao Fund was controlled by Zhang Shuo himself or Zhang Shuo's family, then Jiang Yue would never say these words today.

Because using family funds to hold company equity is a basic operation in the industry.

But the legal person of Chunmiao Fund is Sprout Holdings, which is not under the private control of Zhang Shuo. Future decisions on public welfare must also follow the corporate culture of Sprout.

Major decisions even require the approval of the Germination Board of Directors.

Under such circumstances, Jiang Yue is really worried that if Chunmiao Fund holds a large amount of equity in Sprout, and is even the second largest shareholder in Sprout, there will be some hidden dangers in the future.

In an extreme case, it may even threaten Zhang Shuo's control over Germination.

After all, the human heart is the most unpredictable.

Sprout is still in a period of rapid development, and Zhang Shuo is still young, so he is naturally an indispensable soul figure for Sprout. But in the future, when Zhang Shuo retires, Sprout's development will tend to stagnate.

Many things that seem impossible now may eventually happen.

Founder or something.

Driven by profit, it is actually not that important.

For this reason, as a veteran who ultimately follows Zhang Shuo, Jiang Yue must take precautions for Zhang Shuo as long as Zhang Shuo still holds enough equity.

Then, any "restlessness" in the future, whether coming from inside or outside, will be of no avail.

"I agree with Mr. Jiang's suggestion!"

"agree!"

Lu Kai and other senior executives were naturally not stupid, and immediately sensed the deeper meaning of Jiang Yue's arrangement.

One after another spoke in agreement.

"Are you thinking too much about this?"

Zhang Shuo is so smart, of course he can see through Jiang Yue's protective intentions at a glance.

But not too worried.

"not much!"

Jiang Yue, however, was firm and immediately said: "Chairman, if you feel that you personally hold too many shares, you can allocate this part of the shares to the prodigal fund."

"Yes, Chairman, it is an industry practice for family funds to hold shares on their behalf."

Lu Kai also followed suit.

"In this case, I will take back 10% of the equity of the Chunmiao Fund and transfer it to the Prodigal Fund for free. But one thing is that the investment in the public welfare field will only increase in the future."

After being told by the executives, Zhang Shuo also realized that it would be safer to let the prodigal fund hold shares.

As for public welfare.

In the future, whether it is Zhang Shuo personally or the Prodigal Son Fund, they can continue.

No delay.

The most important thing right now is to firmly control the controlling stake in Sprout.

After the adjustment, Chunmiao Fund’s shareholding decreased from 22.22% to 12.22%, turning it from the second largest shareholder to the fourth largest shareholder; Prodigal Fund’s shareholding increased from 5.55% to 15.55%, becoming the third largest shareholder.

This chapter is not over yet, please click on the next page to continue reading! After the second reduction of holdings, Dream Fund holds 15.56% of the shares and is still the second largest shareholder of Germination.

more importantly--

Zhang Shuo's personal shareholdings, plus the shares held by the Prodigal Fund, total 51.67% of the shares, which is more than half. Even if Gu Xiaoxi's personal shareholdings are not included, it is enough to ensure that control will not be neglected.

Basically you can sit back and relax!

………

"How is the progress of Mango Group's establishment of a factory in Prussia going?" Zhang Shuo no longer dwelled on the topic of equity and turned to Senior Vice President Gu Mingzhang.

"The factory site has been determined, and a cooperation memorandum has been signed with the local area. Next, we still need to face the cumbersome approval process. After the approval is passed, it is expected that the construction progress of the factory will not be very fast."

Prussia will not give the green light to Mango Group's projects, and it is not an infrastructure fanatic.

"In the best-case scenario, it will take at least two years to complete the factory."

Gu Mingzhang expressed his helplessness.

"Just two years, just two years, don't be in a hurry."

Regarding the situation of Europa, Zhang Shuo naturally has psychological expectations. "I judge that the explosion of new energy vehicles will have to wait at least two or three years. There is still time."

Mango Motors has built three super factories in China and has no worries about production capacity.

Not like Tehu La.

Last month, Tesla finally released the Model in China

The starting price of X car is as high as 960,000, which still prohibits most Chinese consumers.

It basically poses no threat to Mango S1.

"What Mango Group needs to do is to start channel construction in the European market simultaneously with the assistance of the Prussian company while building the factory."

Last month, under the strong recommendation of Howard, chairman and president of Dream Fund, and after Zhang Shuo passed the interview, the president of Germinal Holdings Europa and the person in charge of Germinal Holdings (Prussia) Co., Ltd. have been in place.

Also a Prussian.

He has strong influence and connections in Prussia and even Europe as a whole.

One of the common points between new energy vehicles and traditional fuel vehicles is that while focusing on product control and production, they must also increase investment in marketing. Both are equally important and indispensable.

"clear!"

Gu Mingzhang also understood it.

………
To be continued...