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为什么说股权架构设计很重要?企业到底应该怎么搭建和调整股权架构?
梧桐树下V· 2025-08-21 12:33
Core Viewpoint - The article emphasizes the importance of a well-designed equity structure in partnership entrepreneurship, highlighting that the era of solo entrepreneurship has passed and that the equity design directly impacts a company's future and fate [1]. Group 1: Equity Structure Design - When starting a partnership, equity ratios should be determined based on the shareholders' financial, resource, and technical backgrounds [1]. - A dynamic equity structure should be designed to allow adjustments based on the company's development and the contributions of shareholders [1]. - Many founders lose control of their companies as they grow; strategies to maintain control are essential [1]. Group 2: Risk Management and Responsibilities - The article discusses why some individuals are required to repay debts after a company's bankruptcy while others are not, emphasizing the need for a firewall to protect shareholders from joint liability and other risks [1]. Group 3: Training Program - The article introduces a training program titled "Equity Design and Partnership Implementation Practical 8-Day Experience Camp," aimed at helping participants master the key aspects of equity structure design and partnership implementation [1]. - The program includes two live online sessions with equity design experts, video courses, and opportunities for face-to-face interaction to address practical challenges and blind spots in equity design [6][10]. - The schedule outlines various topics, including equity agreements for startups, effective partnership design, and dynamic adjustments to equity structures to avoid shareholder conflicts [9].
首都在线: 董事会薪酬与考核委员会关于2025年限制性股票激励计划(草案)的核查意见
Zheng Quan Zhi Xing· 2025-08-21 12:18
Core Viewpoint - The company has proposed a 2025 Restricted Stock Incentive Plan, which has been reviewed and deemed compliant with relevant laws and regulations, aiming to enhance its long-term incentive mechanism and attract talent [1][2][3][4] Group 1: Compliance and Eligibility - The company does not have any prohibitive circumstances for implementing the stock incentive plan as per the relevant laws and regulations [1] - The individuals included in the incentive plan meet the qualifications set forth in the Company Law, Securities Law, and other relevant regulations, ensuring they are appropriate candidates [2] Group 2: Approval and Process - The incentive plan will be publicly announced internally for at least 10 days after board approval, allowing for feedback before it is presented to the shareholders [3] - The plan's formulation and review process align with legal requirements, ensuring that the granting and vesting arrangements for restricted stocks do not violate any laws or harm the interests of the company and its shareholders [3][4] Group 3: Benefits of the Plan - The implementation of the incentive plan is expected to strengthen the company's long-term incentive mechanism, retain top talent, and align the interests of shareholders, the company, and the core team [4]
首都在线: 金杜关于首都在线2022年和2023年限制性股票相关事项的法律意见书
Zheng Quan Zhi Xing· 2025-08-21 12:13
北京市金杜律师事务所 关于北京首都在线科技股份有限公司 相关事项的法律意见书 致:北京首都在线科技股份有限公司 北京市金杜律师事务所(以下简称金杜)接受北京首都在线科技股份有限公 司(以下简称公司或首都在线)委托,根据《中华人民共和国公司法》 (以下简称 《公司法》)、 《中华人民共和国证券法》 (以下简称《证券法》)、《上市公司股权激 励管理办法(2025 修正)》(以下简称《管理办法》)、《深圳证券交易所创业板股 票上市规则(2025 年修订) 》(以下简称《上市规则》)、《深圳证券交易所创业板 上市公司自律监管指南第 1 号——业务办理》等法律、行政法规、部门规章及其 他规范性文件和《北京首都在线科技股份有限公司章程》 (以下简称《公司章程》)、 《北京首都在线科技股份有限公司 2022 年限制性股票激励计划(草案)》 (以下简 称《2022 年激励计划》 )、《北京首都在线科技股份有限公司 2023 年限制性股票激 励计划(草案)》(以下简称《2023 年激励计划》)1的有关规定,就公司 2022 年 限制性股票激励计划(以下简称 2022 年激励计划)部分限制性股票作废、2023 年限制性股票激励计 ...
首都在线: 金杜关于首都在线2025年限制性股票激励计划的法律意见书
Zheng Quan Zhi Xing· 2025-08-21 12:13
Group 1 - The core opinion of the article is that Beijing Capital Online Technology Co., Ltd. is implementing a stock incentive plan for 2025, which aims to attract and retain talent while aligning the interests of shareholders, the company, and core team members [6][30]. - The company was established on July 13, 2005, and was approved for its initial public offering by the China Securities Regulatory Commission on April 28, 2020, with its stock listed on the Shenzhen Stock Exchange on July 1, 2020 [4][5]. - The company currently holds a business license issued by the Beijing Chaoyang District Market Supervision Administration, with a registered capital of 501.91 million yuan [5]. Group 2 - The stock incentive plan includes a total of 3 million restricted shares, accounting for 0.60% of the company's total share capital, with 2.4 million shares for the initial grant and 600,000 shares reserved [11][12]. - The initial grant of restricted shares will be priced at 10.98 yuan per share, which is not lower than the par value and meets the required pricing standards [18][20]. - The plan specifies that the performance assessment for the initial grant will be based on the company's financial performance over the 2025-2026 fiscal years, with specific revenue targets set for each assessment period [21][22]. Group 3 - The incentive plan is designed to establish a long-term incentive mechanism, enhance the motivation of the core team, and ensure that all parties focus on the company's long-term development while safeguarding shareholder interests [6][30]. - The plan has undergone necessary legal procedures, including approval from the compensation and assessment committee and the board of directors, with related documents to be disclosed publicly [23][25]. - The company has confirmed that it will not provide any financial assistance to the incentive recipients for acquiring the restricted shares, in compliance with regulatory requirements [27].
外服控股: 外服控股监事会关于公司A股限制性股票激励计划首次授予部分第二个解除限售期解除限售条件成就的核查意见
Zheng Quan Zhi Xing· 2025-08-21 12:13
Core Points - The supervisory board of Shanghai Foreign Service Holding Group Co., Ltd. has verified the conditions for the second unlock period of the company's A-share restricted stock incentive plan [1][2] - The company meets the qualifications for implementing the stock incentive plan and the conditions for unlocking the restricted shares have been fulfilled [1] - A total of 208 individuals are eligible for the unlocking of restricted shares, amounting to 6,390,461 shares [2] Summary by Sections - **Implementation of Incentive Plan**: The company has the necessary qualifications to implement the stock incentive plan as per relevant laws and regulations [1] - **Unlock Conditions**: The conditions for the second unlock period of the initial grant have been achieved, and no disqualifying events have occurred [1][2] - **Eligible Participants**: The number of eligible participants for unlocking is 208, with a total of 6,390,461 restricted shares available for release [2]
外服控股: 外服控股关于A股限制性股票激励计划首次授予部分第二个限售期解除限售条件成就的公告
Zheng Quan Zhi Xing· 2025-08-21 12:13
Core Points - The company announced the achievement of conditions for the second lock-up period release of its A-share restricted stock incentive plan, allowing 208 eligible participants to unlock a total of 6,390,461 shares, which represents 0.28% of the company's total share capital [1][16][18] Group 1: Announcement Details - The board of directors and all directors guarantee that the announcement contains no false records, misleading statements, or major omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1] - The company held its 12th board meeting on August 20, 2025, where it approved the release of the second lock-up period conditions for the A-share restricted stock incentive plan [1][16] - The company will issue a separate announcement regarding the release of the restricted stock and its listing after completing the necessary procedures [1][16] Group 2: Conditions for Release - The release of the second lock-up period is contingent upon the fulfillment of specific conditions outlined in the incentive plan, including the absence of negative audit opinions and compliance with legal regulations [12][13] - The second lock-up period for the initial grant of restricted stock will expire on May 23, 2025, and the conditions for release have been met [10][12] Group 3: Performance and Compliance - The company has established a performance evaluation system that links the number of shares eligible for release to individual performance scores, ensuring that the release aligns with both individual and company performance metrics [15][18] - The board's remuneration and assessment committee confirmed that the eligible participants' qualifications are valid and that the number of shares to be released corresponds with their performance results [17][18] Group 4: Legal and Regulatory Compliance - The legal opinion from Beijing Global Law Firm confirms that the release of shares, the repurchase of shares, and the adjustment of repurchase prices have received the necessary approvals and comply with relevant laws and regulations [18]
首都在线: 关于2023年限制性股票激励计划预留授予部分第一个归属期符合归属条件的公告
Zheng Quan Zhi Xing· 2025-08-21 12:13
证券代码:300846 证券简称:首都在线 公告编号:2025-075 北京首都在线科技股份有限公司 关于 2023 年限制性股票激励计划预留授予部分 第一个归属期符合归属条件的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整,没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示: 布相关提示性公告,敬请投资者注意。 北京首都在线科技股份有限公司(以下简称"公司")于2025年8月21日召开第 六届董事会第七次会议,审议通过了《关于2023年限制性股票激励计划预留授予部 分第一个归属期归属条件成就的议案》,根据公司《2023年限制性股票激励计划(草 案)》(以下简称"《激励计划》"或"本激励计划")的规定和公司2023年第三 次临时股东大会的授权,董事会同意向预留授予部分符合条件的23名激励对象办理 一、本激励计划实施情况概要 (一)本激励计划简介 公司分别于 2023 年 12 月 6 日、2023 年 12 月 22 日召开第五届董事会第二十四 次会议、第五届监事会第二十四次会议及 2023 年第三次临时股东大会审议通过《关 于 <北京首都在线科技股份有限公司 ensp="ensp" 年限制性股 ...
首都在线: 2025年限制性股票激励计划自查表
Zheng Quan Zhi Xing· 2025-08-21 12:13
创业板上市公司股权激励计划自查表 公司简称:首都在线 股票代码:300846 独立财务顾问:上海荣正企业咨询服务(集团)股份有限公司 是否存在该 序号 事项 事项(是/否/ 备注 不适用) 上市公司合规性要求 最近一个会计年度财务会计报告是否被注册会计师出具否定意 见或者无法表示意见的审计报告 最近一个会计年度财务报告内部控制被注册会计师出具否定意 见或者无法表示意见的审计报告 上市后最近 36 个月内出现过未按法律法规、公司章程、公开承 诺进行利润分配的情形 激励对象合规性要求 是否包括单独或者合计持有上市公司 5%以上股份的股东或者 说明前述人员成为激励对象的必要性、合理性 最近 12 个月内因重大违法违规行为被中国证监会及其派出机构 行政处罚或者采取市场禁入措施 是否具有《公司法》规定的不得担任公司董事、高级管理人员 情形 激励计划合规性要求 上市公司全部在有效期内的股权激励计划所涉及的标的股票总 数累计是否超过公司股本总额的 20% 激励对象预留权益比例是否未超过本次股权激励计划拟授予权 益数量的 20% 激励对象为董事、高级管理人员、单独或合计持股 5%以上股东 励计划草案是否已列明其姓名、职务、获 ...
外服控股: 外服控股关于回购注销部分A股限制性股票及调整回购价格的公告
Zheng Quan Zhi Xing· 2025-08-21 12:13
Core Viewpoint - The company announced the repurchase and cancellation of 39,110 A-share restricted stocks at a repurchase price of 2.84 yuan per share, following the approval of the board and supervisory committee [1][6][8]. Group 1: Repurchase Details - The total number of A-share restricted stocks to be repurchased is 39,110 shares [1][6]. - The repurchase price for the restricted stocks is set at 2.84 yuan per share [1][7]. - The funds for the repurchase will come entirely from the company's own funds [8]. Group 2: Background and Procedures - The decision to repurchase was made during the 12th board meeting and the 12th supervisory committee meeting held on August 20, 2025 [1]. - The company has followed the necessary procedures and disclosed information regarding the stock incentive plan and its implementation [2][3][4]. - The independent directors and supervisory committee have provided their opinions on the stock incentive plan and related matters [2][4]. Group 3: Impact on Company Structure - Following the repurchase, the company's share capital structure will change, with the total number of shares decreasing from 2,283,496,485 to 2,283,457,375 [8]. - The number of restricted shares will decrease from 13,415,834 to 13,376,724 shares [8]. Group 4: Performance Evaluation and Conditions - The repurchase is linked to the performance evaluation of the incentive plan participants, with specific performance scores determining the number of shares eligible for release from restrictions [5][6]. - One participant had a performance score between 70 and 80, leading to the decision to repurchase 5,610 shares from them [6][8].
世嘉科技: 上海荣正企业咨询服务(集团)股份有限公司关于苏州市世嘉科技股份有限公司2024年限制性股票激励计划预留授予相关事项之独立财务顾问报告
Zheng Quan Zhi Xing· 2025-08-21 11:18
Core Viewpoint - The report outlines the independent financial advisory opinion regarding the reserved grant of the 2024 restricted stock incentive plan of Suzhou Shijia Technology Co., Ltd, confirming that the necessary approvals and authorizations have been obtained for the plan [4][9]. Group 1: Approval Process - The 2024 restricted stock incentive plan has undergone necessary approval procedures, including resolutions passed by the board and supervisory committee [4][6]. - The supervisory committee verified the list of initial grant recipients and confirmed no objections were raised during the public notice period [5][6]. Group 2: Grant Conditions - The company will grant restricted stocks to incentive objects only if specific conditions are met, including no adverse audit opinions and no disqualifying actions by the incentive objects [7][8]. - The independent financial advisor confirmed that both the company and the incentive objects have not encountered any disqualifying events as of the report date [8]. Group 3: Impact on Financials - The financial advisor recommends that the company account for the costs associated with the incentive plan in accordance with relevant accounting standards, noting potential dilution effects [9]. - The financial impact of the incentive plan will be assessed based on the annual audit report from the accounting firm [9]. Group 4: Conclusion - The independent financial advisor concludes that the reserved grant conditions have been fulfilled, and the plan complies with relevant regulations and internal guidelines [9]. - The company is required to disclose information and complete necessary procedures with the stock exchange and relevant authorities following the grant [9].