Translator：Wang Qiyu

On November 26, 2020, also Thanksgiving Day, Henwei Aluminum Industry Co., Ltd. (referred to as "Henwei Aluminum Industry") successfully held its equity incentive plan signing ceremony. Shanghai Landing (Hefei) Law Offices, led by Lawyer Zheng Zhi, the head of establishment, provided legal services for the equity incentive plan and attended the signing ceremony. The legal team included partners from this collaboration, such as Mr. Hu Jin and Ms. Zhu Mengdi from Dentons (Wuhan) Law Firm. The legal team planned the equity incentive signing ceremony, and Lawyer Zhu Mengdi served as the host.

At the beginning of the event, Secretary General Fan of the Wuhan Aluminum Industry Association delivered an opening speech. Subsequently, Mr. Shen, the head of Henwei Aluminum Industry, discussed Henwei's five-year business plan and the reasons behind implementing the equity incentive plan.

Lawyer Zheng Zhi further explained the value of equity and the role of equity incentives to the attendees, and highlighted the key points of Henwei Aluminum Industry's initial equity incentive. "The essence of equity incentive is to build a community of shared interests under a consistent set of values," summarized Lawyer Zheng. Given the thin profit margins in traditional manufacturing industries, implementing equity incentives posed challenges. The legal team spent months on in-depth research, interviews, and strategy alignment to refine the incentive plan. The final plan gained high recognition from both business owners and incentive recipients, leading to a successful implementation.

The fourth stage of the signing ceremony featured speeches from representatives of the equity incentive recipients. They recounted their personal journeys within the company and expressed confidence and determination in participating in the equity incentive plan. Following this, a solemn signing ceremony was held for the incentive recipients, with the controlling shareholder of the company issuing and presenting equity certificates to each recipient.

After the signing, Chairman Wang of the Wuhan Aluminum Industry Association delivered a speech, congratulating the successful organization of the equity incentive signing ceremony and acknowledging the professional and effective work of the legal team. Several presidents from associations within the aluminum industry expressed their anticipation for collaboration with the Shanghai Landing (Hefei) Law Offices' Intelligent Equity Team to advance the implementation of enterprise equity strategies.

The legal team recorded the entire signing ceremony for documentation purposes, as a milestone in the company's history. After the signing, the incentive recipients took commemorative photos with the legal team, and a luncheon was arranged by the company to celebrate the occasion.

With a strong influence in the aluminum profile industry in Hubei, Henwei Aluminum Industry is headquartered in Hanchuan City, Hubei Province. Since its establishment in 2006, Henwei Aluminum Industry has grown into an enterprise with over three hundred employees, registered capital of over one hundred million, and annual sales revenue of nearly 300 million yuan. With the assistance of the implemented equity incentive plan, the company is confident in becoming a medium-to-large-sized aluminum profile company with an annual production of 100,000 tons and sales revenue of 2 billion yuan within the next few years.

The Shanghai Landing (Hefei) Law Offices' legal team has organized several equity-related legal service projects this year. For example, they provided equity incentive legal services for high-tech enterprises such as Anhui Shenzhou Qihui Technology Co., Ltd. (engaged in digital new media network technology development and internet operations), Anhui Huiruan Technology Co., Ltd. (possessing independent intellectual property rights in the fields of medical image processing and tumor radiation therapy), Anhui Cloud Exploration Network Technology Co., Ltd. (specializing in computer information security software development and technical services), Anhui Linyun Internet of Things Technology Co., Ltd. (a high-tech enterprise in military information technology services with state-owned shares), Anhui Xufan Information Technology Co., Ltd. (a video-based Internet of Things solution and video big data operation services company), Keda Intelligent Internet of Things Technology Co., Ltd. (one of the leading industrial intelligent solution providers nationwide), Hefei Xingkong Internet of Things Information Technology Co., Ltd. (electronic products and intelligent hardware products), and Anhui Youdan Technology Co., Ltd. (a national high-tech enterprise focusing on intelligent battery management systems [iBMS]); they also provided equity confirmation and custody legal services for Yinghuai Agricultural and Commercial Bank, Taihe Agricultural and Commercial Bank, Wuhe Agricultural and Commercial Bank, and Suxian Agricultural and Commercial Bank; and they have provided equity design, equity financing, and equity dispute resolution legal services for many other enterprises.