Translator：Wang Qiyu

From August 16th, 2022, to August 17th, 2022, Shanghai Landing Law Offices' Corporate and M&A Department, in collaboration with Huachuang Huyang, jointly launched and successfully conducted the first session of the "Corporate Senior Equity Training Program." This initiative provided entrepreneurs and business owners with an opportunity to gain in-depth understanding of equity legal knowledge. The event featured several equity experts and senior lawyers from Shanghai Landing Law Offices' Corporate and M&A Department. Leveraging their years of practical experience in corporate equity services, they elaborated on crucial aspects related to equity for the participants.

Throughout these two days of training, equity specialists delivered captivating lectures on different themes. Here are the course topics and highlights from some of the experts:

On the morning of August 16th, Attorney Sun Yun delved into the topic of "Company Control Struggles: Deadlocks and Exits," meticulously analyzing the occurrences of disputes over company control. She dissected common types of shareholder conflicts and how control battles take place. Additionally, she provided detailed case interpretations of company control disputes and offered mind maps for better comprehension.

In the afternoon of August 16th, Attorney Zhang Kai shared insights into the "Key Terms of Equity Financing Agreements for Entrepreneurs." She provided a comprehensive overview of the investment process, along with the main contents of a termsheet and core terms in investment agreements. These included valuation terms, valuation adjustment terms, equity forced repurchase terms, and anti-dilution terms. Furthermore, she explained important content like preemption rights, tag-along rights, and priority rights.

Following Attorney Zhang Kai's session, Attorney He Chunfeng delivered a lecture on the "Implementation and Risk Control of Equity Proxy Holding." She used case studies to analyze the legal risks of equity proxy holding and introduced the rules for determining the effectiveness of equity proxy holding agreements in judicial practice, as well as the differing viewpoints in practice. Lastly, she shared effective solutions for preventing equity proxy holding risks from three dimensions: prevention, control, and resolution.

On the morning of August 16th, Attorney Zhan Weiguang presented on the topic of "Equity Design: Equity Incentives," exploring the reasons behind the necessity of equity incentives and the design and implementation process. By breaking down the process step by step, he guided participants on resolving non-standardized equity incentive issues based on their own company circumstances.

In the afternoon of August 16th, Attorney Wang Libo centered her discussion on the "Key Points of Practical Risk Control in Equity Financing for Startups." She provided an overview of the basics of startup financing and then delved into key points of risk control in financing. Through case analyses of the Qiaojiangnan and Huijuewang cases, she extensively explored founder's personal liability.

Finally, Attorneys Wang Libo and Zhao Jiejing organized an interactive roundtable session, engaging in an in-depth discussion about how legal advisors can create value for startup companies. Furthermore, they introduced the "Supporting Small and Medium-Sized Enterprises Plan" by Landing Law Offices' Corporate and M&A Department, aimed at empowering startups with legal knowledge.

The successful execution of this Corporate Senior Equity Training Program owes special gratitude to Huachuang Huyang for providing valuable learning opportunities to entrepreneurs and business owners, aiding them in better comprehending and applying equity legal knowledge. The equity experts' sharing was warmly welcomed by participants during the teaching process. Attendees actively raised questions regarding equity issues in the entrepreneurial journey, and the instructors provided enthusiastic responses.

Shanghai Landing Law Offices and Huachuang Huyang will continue to organize periodic training activities of similar nature, offering entrepreneurs and business owners further beneficial legal support and guidance.