Core Viewpoint - The article discusses the ambitious plans of Chasing Technology to pursue multiple IPOs for its various business units, highlighting the potential benefits and risks associated with this strategy [2][3]. Business Expansion - Chasing Technology is rapidly expanding into diverse sectors, including smartphones, astronomy, and electric vehicles, with plans to launch its first smartphone and a luxury electric vehicle by 2027 [3]. - The company aims to leverage the valuation differences across various sectors by splitting its businesses for independent IPOs, which could maximize overall company value [2]. Market Evaluation - Experts caution that while Chasing Technology has experience in hardware development, the new sectors it is entering require significant capital and technical expertise, raising questions about the feasibility of its expansion strategy [4]. - The company’s primary revenue still relies heavily on its cleaning devices, with other ventures in early investment stages, indicating a need for careful evaluation of resource allocation [3]. Risks of Expansion - There are concerns that if the core business does not establish a stable profit model, the company's aggressive expansion into high-investment areas could lead to financial risks and resource dilution [4]. - The long-term nature of some of its new ventures, such as asteroid mining, poses challenges for immediate commercialization, necessitating caution against overextending investor expectations [4]. Employee Investment Controversy - Allegations have surfaced regarding Chasing Technology's requirement for employees to invest in private equity funds, potentially linking this to job security, which raises ethical and legal concerns [6][8]. - The company has publicly denied any mandatory investment policies, asserting that participation in investment schemes is voluntary and aimed at fostering a long-term incentive structure [7][8].

Core Points - The document outlines the management measures for follow-up investments by Shanghai Fosun Pharmaceutical (Group) Co., Ltd. to enhance employee engagement and support strategic development [1][2] - The follow-up investment committee is established to review and approve investment proposals from subsidiaries, ensuring compliance with relevant laws and regulations [2][3] - The follow-up investment personnel include key decision-makers and core management teams from both the company and the invested projects [3][4] Chapter Summaries Chapter 1: General Principles - The purpose of the follow-up investment management measures is to regulate the procedures for follow-up investments and to promote employee innovation and entrepreneurship [1] - The term "invested enterprises/projects" refers to those deemed significant for the group's development by the follow-up investment committee [1] Chapter 2: Follow-up Investment Management Organization - A follow-up investment committee is formed, consisting of the company's executive directors and the Chief Human Resources Officer, responsible for reviewing investment proposals [2] - Subsidiaries are required to establish execution teams to handle the formulation and management of follow-up investment plans [2] Chapter 3: Scope of Follow-up Investment Personnel - The follow-up investment personnel include core decision-making teams, investment teams, and key management and employees from the invested enterprises/projects [3] Chapter 4: Forms of Follow-up Investment - Follow-up investments can be made through a designated platform or other legal forms, primarily structured as limited partnerships [4][5] Chapter 5: Follow-up Investment Contribution Methods - Contributions must be made in cash from the personal funds of the follow-up investment personnel, with no financial support from the group or invested enterprises [5][6] Chapter 6: Follow-up Investment Costs and Returns - The follow-up investment platform will bear operational costs, while individual personnel are responsible for their own expenses [6] Chapter 7: Exit Mechanism for Follow-up Investments - The follow-up investment committee has the authority to decide on exit strategies based on various scenarios, including successful listings or transfers of invested enterprises [6][7] Chapter 8: Supplementary Provisions - The board of directors is responsible for interpreting these measures, which will take effect upon approval by the shareholders' meeting [7]