The general framework has been negotiated, and the remaining specific details will be completed by the legal affairs of both parties.
The general content is as follows:
"First, Blackshirt Capital invested US$40 million to lead the investment, and Zhenke Fund invested US$10 million to follow. The A-round financing totaled US$50 million, with an initial payment of US$25 million and the remaining US$25 million after three months. Dollar.
Second, establish a board of directors, with Zhang Yida as chairman and CEO, Lin Zhenyang as COO, Zhou Feng as CTO, and Blackshirt Capital sending CFO to Ruixiang Technology. Shen Beipeng and Xu Xiaoming serve as company directors."
Third, to build a VIE structure, Zhang Yida registered and established the BVI company Yizhou Overseas, which is solely controlled by himself, in the British Virgin Islands. Yizhou Overseas + Lin Zhenyang’s BVI company + the BVI company holding the employee stock ownership platform were established in Cayman The Cayman subsidiary of Blackshirt Capital holds 80% of Ruixiang Cayman, the Cayman subsidiary of Blackshirt Capital holds 15% of Ruixiang Cayman, and the Cayman subsidiary of Zhenke Fund holds 5% of Ruixiang Cayman. The company management will then add venture capital Ruixiang Cayman, a Li'an company jointly controlled by both parties, holds 100% shares of Ruixiang Hong Kong. Ruixiang Hong Kong has established a domestic wholly-owned subsidiary WFOE. The WFOE has signed a series of agreements with Beijing City Ruixiang Technology Co., Ltd., which operates domestic businesses. , specifically including: "Equity Pledge Agreement", "Business Operation Agreement", "Equity Disposal Agreement", "Exclusive Consulting and Service Agreement", "Loan Agreement", "Spouse Statement". Through these agreements, registered in Cayman or the United Kingdom The parent company Ruixiang Cayman, which belongs to the Virgin Islands, finally controlled the Chinese domestic company Jingcheng Ruixiang Technology, allowing it to operate the domestic company according to the will of the foreign-funded parent company, distribute and transfer profits, and finally transfer the operating profits overseas after paying taxes. parent company.
When the change was completed, Zhang Yida completed the sale of 1% of the shares with Blackshirt Capital at the same time and received US$2.5 million. After paying taxes, there was still US$2 million left.
The shares turned out to be 80% held by Zhang Yida + 10% held by Lin Zhenyang + 10% by the employee stockholding platform Ruixiang Enterprise Management Company. The 7% shares that Lin Zhenyang was going to obtain in the next two years were given to him by Zhang Yida in one go, but Relevant agreements were also signed, stating that the shares cannot be traded before they are listed, and cannot leave the company within three years, etc.
After the venture capital entered the change and diluted 20% of the shares, the share structure became as follows:
Zhang Yida holds 63% of the shares + Lin Zhenyang 8% + Ruixiang Enterprise Management 8% + Black Shirt Capital 17% + Zhenke Fund 4%.
Because Zhang Yida and Lin Zhenyang hold B shares, the voting rights are 10 times that of A shares. Therefore, Zhang Yida’s voting rights are 85.25% and Lin Zhenyang’s voting rights are 10.83%. Their combined voting rights reach 96%. There are more. So the control of the company is still very solid.
By the time all matters related to venture capital stocks were settled, it was already the end of November.
On this day, the Entrepreneurship and Entrepreneurship Center was decorated with lights and decorations, cleaned inside and outside, and a red carpet was laid out at the door.
This is Zhang Yida's reward, his reward for Zhou Chengdong.
The press conference for the Series A financing rejected the five-star hotel suggested by the venture capitalists, and instead placed it in the Mass Entrepreneurship Center, where he started.
The 5A Grade A office building outside has been rented, with nearly 3,000 square meters on the second floor. It is under emergency renovation. It is estimated that it will be moved out to a wider space soon. Ruixiang Technology flew out of this mass entrepreneurship and innovation center The golden phoenix will soar into the sky.
Zhang Yida was wearing a high-end custom-made suit today, and his hair was combed with oil. With his tall and straight figure, he could murder countless films when he walked on the red carpet.
There are many media reporters here today. I heard that there is a business genius from Beijing University who raised US$50 million at the age of 18 and had a company valuation of US$250 million. So the media reporters rushed to Beijing University like flies seeing blood, and it was so dark.
A crowd surrounded the red carpet entrance.
"Excuse me, Mr. Zhang Yida, what was the reason or consideration that prompted you to found Ruixiang Technology Company?" a reporter from the South asked.
"Excuse me, Mr. Zhang Yida, you have such a good appearance and temperament, have you ever considered entering the entertainment industry?" Souzhu Entertainment reporter asked.
"Excuse me, Mr. Zhang Yida, who has achieved today's achievements at the age of 18, what words or experience do you have for your peers or young people starting their own businesses today?" asked a financial reporter.
…
A large number of microphones were handed to Zhang Yida, and the security personnel tightly surrounded the reporters outside, otherwise the microphones would be inserted into Zhang Yida's mouth.
"Don't panic, don't be impatient. First of all, I would like to thank my friends from all media for attending.
Don’t rush your questions, I’ll answer them one by one.”
Zhang Yida was also shocked by this battle, but he still spoke very calmly.
After briefly introducing Ruixiang Technology Company and answering a few reporters’ questions.
Shen Beipeng and Xu Xiaoming arrived. Zhang Yida put down the interview here and ran over to greet them warmly, and they entered the mass entrepreneurship and innovation center together.
Later, the president of Capital University and other school leaders also arrived and entered the roadshow hall of the Mass Entrepreneurship Center together.
In the roadshow hall, on the stage were Zhang Yida and Lin Zhenyang, Xu Xiaoming and Shen Beipeng.
The first row in the audience were the leaders of various schools, and Zhou Chengdong, as the director of the Mass Entrepreneurship and Entrepreneurship Center, was also arranged to sit in the first row.
In the back row are the employees of Ruixiang Technology and various reporters.
On the stage, as Zhang Yida and the venture capital cooperation agreement between the two parties were signed, the contract text was exchanged and they shook hands tightly to facilitate the media below to take pictures.
The sound of the camera shutter "clicking" was heard endlessly, and the flash lit up the entire roadshow hall.
Next, Zhang Yida reported as spokesperson:
“First of all, I would like to thank all the leaders and guests for coming to attend the Series A financing conference of Ruixiang Technology Company.
…
Thanks to the school and the alumni association for providing the Mass Entrepreneurship Center and such a good office environment.
I would also like to thank Teacher Zhou Chengdong for his care and guidance on the entrepreneurial journey. Several times when I encountered difficulties, it was Teacher Zhou who answered my questions and guided me in the direction of life and entrepreneurship. So here, I want to say: "Mr. Zhou, you
Thanks for your hard work!"
After saying that, he also bowed.
Finally, I would like to thank Shen Beipeng of Blackshirt Capital and Mr. Xu Xiaoming of Zhenke Fund. Thank them for filling up the tank of science and technology and solving our worries.
Ruixiang Technology will definitely live up to everyone's expectations and will become a successful and great Internet financial enterprise with world-class high-tech."
Zhou Chengdong was very happy. First, the school leader gave a positive evaluation of his work, and then Zhang Yida mentioned his name several times in the work report and expressed various thanks! He really gained a lot of reputation today, haha! This
The boy didn't help in vain, he is a good boy who will repay his kindness!
The next step was to answer questions from reporters. The reporters who had not asked enough questions on the red carpet outside rushed to raise their hands.
Zhang Yida randomly picked a female reporter. The female reporter stood up, took the microphone and asked with a smile:
"I would like to ask Zhang Yida, as you are 18 years old this year, what are your plans and arrangements for your future life and company?"
Zhang Yida took the microphone and said:
"In my future life, I will definitely finish college and then take the company to a higher level."
The female reporter asked again:
"I would like to ask Mr. Zhang Yida, if there is a conflict between career and love, how do you coordinate the relationship between the two?"
Zhang Yida smiled brightly and said:
"First of all, I don't have a girlfriend yet. But I have someone I like, and I think she also supports my career."
After saying that, he glanced at Zhao Erya who was sitting by the wall and staring intently at him on the stage.
Zhao Erya was glanced at by her, and her heart was racing like a deer. She was so panicked. Was he confessing his love to me in public? He was so embarrassed? His face turned red all of a sudden, and he quickly buried his head.
Next, another financial reporter asked:
"Ruixiang Technology has successfully launched three products so far, and they are all very successful. What new plans and directions do you have for future work?"
Zhang Yida replied:
"Our future work will mainly focus on polishing products and improving services. It is our purpose to bring more convenient financial services to users. At the same time, we will further increase our publicity efforts to let more people use our products and enjoy financial services."
The convenience and speed it brings.”
The next person to be interviewed was Xu Xiaoming. The reporter asked:
"There was Chen Ou before me and Zhang Yida after me. What considerations or reasons prompted you to like investing in young people so much."
Xu Xiaoming's eyes narrowed into slits as he laughed and said:
"Because young people have dreams, I like to pay for their dreams and give them more opportunities. This is my investment style."
Xu Xiaoming smiled happily, advertised well, and his character design was perfect. In the future, young people starting their own business should come to me!
Many people are the first to find him because he has the best personality and is known as the most popular angel investor. This means that he can get more opportunities than his peers and can be in touch with and screen business projects in advance.
This is also true for Zhang Yida, who was the first choice for angel investors.
Next, Shen Beipeng answered questions. The reporter asked: "What is the most important thing about Ruixiang Technology? Or what is the most worthy of investment?"
Shen Beipeng glanced at the heroic Zhang Yida and replied:
“The most important thing is people, and talent is the core competitiveness. No matter how good a business project is, without a suitable helmsman to control it, it will only capsize in the sea.
Zhang Yida has all the advantages of becoming an excellent entrepreneur, and I am optimistic that he will become the youngest CEO of a listed company on the New York Stock Exchange."
Shen Beipeng is also very smart, thinking that he has already invested anyway, and got on Zhang Yida's boat. Praising him more by himself will also help to improve his reputation. If he improves his reputation, the reputation and influence of Ruixiang Technology will also follow.
Improvement. This will be of great benefit to the development of Ruixiang Technology and the next round of valuation.
The financing press conference ended successfully, and press releases were released one after another. Labels and haloes of college student entrepreneurs, young entrepreneurs, and Internet finance pioneers were placed on Zhang Yida's head.
In school, Zhang Yida has also become a famous figure, attracting attention wherever he goes. The Weiming Lake BBS of Beijing University is also full of his posts. I want to ask if he has a girlfriend? And whether he is recruiting partners.
?
Zhang Yida had no choice but to endure these troubles of becoming famous.
"If you want to wear a crown, you must bear its weight!"