Xiao Weijie and Li Lin went upstairs to Zhang Yida's office, and the two sides had another round of back-and-forth negotiations.
The pre-money valuation of US$30 million was quickly agreed upon, but the two sides still had a long dispute over the dilution ratio.
"Mr. Zhang, diluting 40% of the shares is too much. If I'm not careful, I will lose control of the company. If you agree to different rights for the same shares, I can agree to dilute 40% of the shares." Xiao Wenjie insisted that the conditions were no.
Let it go.
"This is a strategic investment, not a financial investment. The two parties will deepen cooperation in the future. It would not be a joke if the same shares have different rights." Zhang Yida said not easily.
Lei Dongming and Li Lin also joined in the heated debate.
After discussing for a long time, Zhang Yida finally relented.
Zhang Yida set out the final conditions and said:
"40% of our shares are diluted. 20% of our shares have voting rights, and 20% of our shares only have 1/5 voting rights. This is our final concession."
Li Lin and Xiao Weijie looked at each other and reached a consensus. Xiao Wenjie extended his right hand to Zhang Yida as a handshake and said: "Mr. Zhang, happy cooperation."
Zhang Yida also stretched out his hand to hold Xiao Weijie's hand, and said with a smile: "Happy cooperation!"
The cooperation was successfully concluded. Ruixiang Jinke invested US$20 million in installments based on the pre-investment valuation of US$30 million, and the post-investment valuation was US$50 million. Ruixiang accounted for 40% of the shares, of which 20% were A shares, and 1 share had
1 voting right; the other 20% are B shares, each share has 5 voting rights.
All 42% of the diluted equity held by Lefenqi management was converted into B shares, receiving 5 voting rights per share.
After dilution, all 18% of the equity held by Evergreen Capital was converted into A shares, with 1 voting right per share.
In the end, Ruixiang obtained 34.5% of the voting rights, Lefenqi management obtained 60.3% of the voting rights, and Evergreen Capital obtained 5.2% of the voting rights.
The US$20 million invested by Ruixiang Yifang consists of US$15 million in cash + US$5 million in advertising resources.
5 million US dollars is equivalent to 30.5 million yuan. Ruixiang Technology needs to recommend and guide 152,500 customers who have successfully handled the installment business for Le Installment Mall. The unit price per customer is 200 yuan per customer.
The promotion lasts for one year. If the promotion does not reach 152,500 customers within one year, Ruixiang Technology will make up the difference with cash and pay partial interest on the difference at an interest rate of 10%.
After the agreement was signed, Ruixiang Technology quickly paid 15 million US dollars or 91.5 million yuan in cash, launched Le Installment advertisements on its major apps, and began to guide traffic for Le Installment.
It was early February, and Yimin Company, Ruixiang Company, and Dogford Company had also prepared for the annual meeting.
The first thing I attended was the annual meeting of Ruixiang Financial Technology Group, which was arranged at the five-star hotel Hilton.
Zhang Yida was wearing a high-end suit, and his hair was specially styled by a hairstylist. Zhao Erya held his arm tightly and was also dressed up for the occasion.
Now the scandal between the two is officially confirmed.
Zhao Erya was very happy. Under the envious eyes of several female employees who were registering at the door, she signed in for a group photo and followed Zhang Yida into the hotel.
After entering the hotel, the splendid hall was already full of people. There were 60 tables, all of which were occupied by employees of various subsidiaries of Ruixiang Jinke Group.
After a while, a male and female host who were guest stars from the staff appeared on stage in evening dresses.
After the host read the opening remarks on the stage, Zhang Yida took the stage as the chairman of the company to speak.
After Zhang Yida came to power, he looked at the crowd of 600 employees in the audience. He was both nervous and excited. He had been reborn for nearly half a year and finally built a career of his own.
Zhang Yida took the microphone and said:
“2013 was the year that our Ruixiang Jinke Group grew from scratch, and it was also the year that our partners created miracles together.
This year, the total registered members of our products exceeded 60 million, the total revenue reached 256 million, and the net profit reached more than 40 million yuan.
…
All of this is inseparable from everyone’s efforts!
In 2014, let’s continue our efforts and create brilliance together!”
Then the annual meeting program performances began.
The programmer group performed a skit, which was a bit embarrassing, but everyone still cheered and applauded.
A group of girls in the customer service team were wearing navel-baring tops and short shorts, and they were dancing jazz dance. Their white thighs made a group of singles in the audience cheer like ghosts and wolves.
Then there were cross talk, singing, poetry recitation and other performances taking turns, which everyone watched with gusto.
The finale was Zhang Yida, who sang the song "The Brightest Star in the Night Sky". His soulful baritone attracted applause from the audience, and the annual meeting reached a climax.
The highlight is the prize distribution and lottery.
Distributing awards is very simple. Each subsidiary and department has already prepared the list of winners based on performance and KPI assessments. The host will announce the names and awards, and Zhang Yida and Lin Zhenyang will hand them out personally.
Because of his recent outstanding achievements, Lei Dongming successfully completed two investments in Mobao Pay's acquisition of Hele's shares in installments, and received an option reward of 100,000 shares.
Zhou Feng, Gu Panpan, Wang Feiyan and other directors were awarded stock options ranging from 10,000 to 50,000 shares.
Some other outstanding employees were also awarded stock options ranging from 5,000 to 10,000.
Then comes the lottery.
The first prize is RMB 100,000, for 3 people.
The second prize will be awarded RMB 50,000, for 6 people.
The third prize will be awarded RMB 10,000 for 20 people.
Sunshine Award, fruit mobile phone worth 5,000 yuan, quantity 100.
The total value of prizes is 1.3 million yuan, all given away through on-site draws.
The lottery program is technically supported by the latest QR code developed by Mobao Pay. Everyone on site can get a number by scanning the code.
Zhang Yida announced the lottery numbers here, and those who won the prizes went up to the stage to claim the prizes based on their numbers.
The procedure is very simple, and it also tested the latest technology of Mobao Payment, killing two birds with one stone.
As the big prizes were revealed one after another, the atmosphere reached its peak, and everyone was looking forward to winning.
Some people stood up with joy when their numbers were read out on stage and ran to the stage to receive their awards.
In the end, all the prizes were drawn. Everyone who received the big prize was overjoyed, while some employees who didn't win anything were very disappointed.
Fortunately, more than 600 red envelopes were prepared and distributed to all employees as consolation prizes. Each red envelope is 1,000 yuan, which can be regarded as comfort!
Zhang Yida also wants to get more rewards and prizes, but the company has only been established for half a year and has only made a profit of more than 40 million so far. There is still a lot of money to spend in 2014, or it is not good to squander investors' money.
.As long as we improve our performance next year, we will compensate everyone more.
Even with this moderation, the final calculation of annual fees, including venue decoration, meals, prizes and bonuses, totaled more than 2.3 million yuan. This did not include the portion of option issuance, but only the real money spent by the company.
Ruixiang Jinke is relatively rich here, but Yimin Company is really shabby. There is no way, life is too tight.
There are more than 200 people in Yimin Company. They found a four-star hotel and everyone ate together and performed performances to pass the annual meeting.
There are actually rewards, that is, each person is given a red envelope worth 600 yuan, for a total of 120,000 yuan.
In addition, key employees and some employees with outstanding performance also received some options. 2% of the 10% option pool, or 2 million shares, was issued, worth US$2.5 million.
Ding Siyao first bowed to everyone on the stage and expressed his gratitude to everyone for their recent serious work and hard work. He also said from the bottom of his heart:
“This year, the company has been having a harder time because of its back-and-forth gambling.
Next year, when the bet is completed, we will definitely hold a grand annual party for everyone.
Thank you all for your hard work this year!”
All the employees in the audience also expressed their understanding. The company has been losing money, and they wish they could break a penny in half and spend it. Now they are giving red envelopes to everyone, and coming to a four-star hotel for the annual meeting is already very good! They all stood up and applauded. I don’t know.
Who took the lead and shouted first, "Yimin, come on! Mr. Ding, come on, we will definitely complete the bet!"
Others also followed and shouted words such as "Finish the bet" and "Come on, benefit the people".
Ding Siyao was very moved, her nose felt a little sore, and she wiped the tears from the corners of her eyes. She said fiercely in her heart: "We must complete the bet, survive the hard days this year, and make the annual meeting a great success next year."
Zhang Yida looked at the enthusiastic employees in the audience, smiled, and said that the military spirit is available. As long as the bet is completed next year, everyone will be generously rewarded. He promised in his heart.
Since there are not many people here in Dortfurd, there are only about 20 people there so far. They found a farmhouse on the outskirts of the capital, and everyone spent the whole day having fun together, which was enough to pass the annual party.
Of course, Zhang Yida was not stingy with the rewards that should be paid. He approved 200,000 yuan and distributed it as rewards for outstanding employees. Some people received more than 20,000 to 30,000 yuan, and some received a few thousand yuan.
After holding three consecutive company annual meetings, Zhang Yida gathered with several brothers in the dormitory and called Zhao Erya to join him.
At the dinner table, I saw Wu Xing, Li Xu, and Zhuang Liang smiling. Zhang Yida admitted that he and Zhao Erya were together, in love, and separated from their single group. This caused everyone to laugh.
.
Because Zhao Erya was present, the three roommates didn't go too far, they just joked a few words and gave up.
After eating, Zhang Yida was worried that Zhao Erya would take a taxi home alone because the school was on holiday, so he insisted on driving her home.
When they arrived at their community where armed police were guarding the door, Zhang Yida was a little surprised. He had never asked Zhao Erya about her family in detail before.
After meeting Wang Hongxin, I casually asked Zhao Erya what her parents did.
"I have an ordinary family. My parents are ordinary civil servants." Zhao Erya replied casually at that time.
Is this the family of an ordinary civil servant? There are armed police standing guard in the community, and you need a pass to drive in. Zhang Yida was speechless.
Since he couldn't drive in, he put Zhao Erya in at the door. Zhang Yida couldn't help but ask:
"Erya, what do your parents do?"
Zhao Erya chuckled and said, "My parents are ordinary civil servants, with a little bit of rank."
Zhang Yida continued to ask: "What level is it?"
Zhao Erya thought for a while and replied: "My father should be the deputy department official! My mother is the deputy director."
Zhang Yida understood and didn't ask any more questions. He waved goodbye to Zhao Erya and drove away.
He murmured to himself on the way: "The deputy minister level is the same level as the senior officials of Sichuan Province. Is he the deputy mayor of the capital? Or the deputy position in the ministry. This is an ordinary family. There is a director of Yantian Port in Ponima.