growth strategy

stability strategy or concentration strategy

shrinkage strategy or downsizing strategy

innovation strategy

Cost leadership strategy

customer centric strategy

Features

step

Shareholders or subscribers must be employees working for the company

Receive certain restrictions on transfers, transactions, etc.

Promote long-term development of enterprises

Stimulate employees' work enthusiasm

Improve corporate governance structure

Legal compliance principles

resource participation principle

Take it at your own risk

Leverage type

Unleveraged

"Formal employees" who have worked in the company for a certain period of time

Directors, supervisors and managers of the company

Expatriates whose personnel relations are still with the company

Retirees re-registered and managed by enterprises

Each employee period shall not be less than 12 months

The period for non-public issuance shall not be less than 36 months

For listed companies, the total number of all valid employee stock ownership plans shall not exceed 10% of the company’s total share capital.

A single employee shall not exceed 1% of the company's total share capital.

The total number of shares held does not include shares acquired by employees before the company's initial listing, shares purchased on the secondary market, and shares obtained through equity incentives.

Strictly limited to the range of employees formally employed by the company

Extensive participation, clearly stipulating that participating employees shall not be less than 90% of the total number of employees

For unlisted companies, all effective employee shareholdings account for no more than 20% of the company’s total share capital.

The ratio of senior management to employees should not be too different and should be controlled within the range of 4:1