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2010.5.19, The First Meeting Of The Decision Committee Of Ren Ao Network Technology Co., Ltd.

2010/9/14 16:11:00 44

Olympic Committee Meeting

   world Apparel shoe and hat net completes the first round of management ownership structure change


2010.5.10, the decision Committee of Ren Ao Network Technology Co., Ltd. was formally established. Determine the members and functions of the company's decision Committee.


2010.5.19, Ren Ao Network Technology Co., Ltd. company The first meeting of the decision Committee was held. The meeting supplemented the amendments to the three pieces of documents, including the company's share allocation and profit sharing.


As the operator of the world clothing and shoe net, Ren Ao Network Technology Co., Ltd., in the absence of any venture capital, has a strategic vision and courage. At the first meeting of the company's decision Committee, Mr. Ren Weijie, chairman of the board, announced on behalf of the board of directors: "the company will take nearly 1/3 of the total stake in the world clothing shoes and hat net" and give it to all the entrepreneurial team members of the company. This resolution has completely realized the historic change of Ren Ao company.


Through the "equity" allocation mechanism, the company's core management will become a shareholder of the company, and will assume greater responsibilities and challenges, release stronger development momentum, and strive for the interests of shareholders, employees and customers. At the same time, the "equity" allocation will make the company's entrepreneurial team have good incentives and constraints, and further enhance the corporate governance structure, so that the long-term development strategy and the formulation and implementation of the business structure will be more unified and stable.


The most important goal of the "equity" allocation is to make the world's "cake" for shoes and hats. The Ren Olympic team will use the later financing leverage to get excess profits in the "cake" increment, believing that investors can fully see the incremental potential and win-win pattern of this cake.

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