In Nov. 2014, Runfar Group started the equity restructuring of Shandong Kangcheng Petrochemical Engineering Technology Co., Ltd. (hereinafter referred to as “Shandong Kangcheng”). With the cooperation of the Group’s leaders and relevant departments, the Investment Department successfully finished the capital increase after 5 months of efforts.
During this period, the Investment Department mainly finished the following tasks: 1. designing the investment plan; 2. drafting the Investment Cooperation Agreement and organizing multiple rounds of negotiations; 3. promoting the signing and filing of the Investment Cooperation Agreement without delay; 4. organizing the check of Shandong Kangcheng Company’s Financial Statements and Audit Reports of 2014; 5. preparing the new board of shareholders, board of directors, and board of supervisors; 6. instructing Shandong Kangcheng to standardize the company’s materials of its board of shareholders, board of directors, and board of supervisors; 7. handling the funding of the capital increase.
As a result, according to the provisions in the “Notice about the Group’s Adjustments in Its Performance Appraisal, Incentive System and other Systems in 2015” (Runfar Office ZI [2015] No. 10), the Group’s President Office approved the payment of the stipulated proportion of bonus to the Investment Department, as a reward! This fully reflected the Group’s flexible and practical incentive system, warm philosophy of personnel use, the good management mode in which “hard work pays off”, and created incentive and demonstration effects to other project teams.
By Du Juan, Enterprise Publicity Department
