Zhejiang Yuegong Steel Structure Co., Ltd. Has Officially Signed Its Equity Incentive Agreement.
Release Date:
2022-10-09 16:10
9 month 29 On the afternoon of [date], Yuegong Group—Zhejiang Yuegong Steel Structure Co., Ltd.—formally signed its equity‑incentive agreement in the new headquarters’ conference room. This marks the group’s first round of equity incentives for core management personnel at its Zhejiang subsidiary, following the initiative launched at its Shandong branch. General Manager Hua Yuwu was among the inaugural recipients of this equity‑incentive program at the Zhejiang company.
The signing ceremony was chaired by Luo Yinchang, Executive Vice President of the Group. Attending and witnessing the event were Chen Bailiang, Chairman of the Board; Ren Qiliang, President; Jin Fei, Vice President; Lu Boqin, Chief Financial Officer; Ma Li, Director of the Office; as well as Chen Jian, Executive Deputy General Manager of the Zhejiang Company; and Deputy General Managers Chen Jianguang, Zhu Jianhua, and Assistant to the General Manager Jin Longxiang.
Speech by Group President Ren Qiliang
At present, the Zhejiang Company is navigating a critical period: on the one hand, construction of the new base is progressing at full speed, while on the other, day-to-day operations are entering this year’s final sprint. The successive implementation of two key initiatives—“new‑base construction” and “equity‑based incentives”—clearly demonstrates that the founding shareholders, led by Chairman Chen Bailiang, are genuinely laying the groundwork, building momentum, and pursuing long-term strategic goals for Yuegong, with an eye toward enduring value and the vision of a century‑old enterprise. We hope everyone can deeply appreciate this commitment, fostering confidence in Yuegong’s sustained growth. We sincerely wish the Zhejiang Company’s platform continued success, and we extend our heartfelt congratulations to General Manager Hua Yuwu on becoming a shareholder of the Zhejiang Company! 
Chairman Chen Bailiang of the Group and General Manager Hua Yuwu of the Zhejiang Company signed the equity‑incentive‑related documents on site.
Statement and Sharing by General Manager Hua Yuwu of the Zhejiang Company
We are deeply grateful to the Group for providing us with a platform, recognizing our contributions, and introducing incentive policies that have shifted our mindset from “working for the company” to “working for ourselves.” Going forward, we will remain down-to-earth and dedicated, striving to not only meet but exceed the targets set in the company’s 14th Five-Year Plan, expand Zhejiang Company’s scale, and build a strong reputation for quality. More importantly, we will lead our team in comprehensively and holistically establishing a robust innovation-driven growth framework, expanding the overall pie, further broadening the scope of equity‑incentive programs, and ensuring shared growth and progress for the company’s owners, senior management, and all employees!
Speech by Jin Fei, Vice President of the Group and Director of the New Base Preparatory Office.
Over the past thirty-odd years, Yuegong’s journey has by no means been smooth sailing. As a long-time employee who has grown alongside the company, I have personally witnessed three relocations. With the dedicated attention and strong support of the Group’s Board of Directors—led by Chairman Chen Bailiang, President Ren Qiliang, and Executive Vice President Luo Yinchang—Yuegong has continued to expand and thrive. I urge each of you to cherish this hard-won, favorable situation, to regularly reflect on what you can do for Yuegong and what contributions you can make, to take initiative, shoulder responsibility, and work together to build an even brighter future for Yuegong!
Chairman of the Board Chen Bailiang delivered a concluding address.
Chairman Chen shared with everyone the transformation journey of Yuegong Haiermans, reflecting that only through reform can we achieve development, grow stronger, and secure where we stand today. As for the original intention behind this equity‑incentive plan: it stems from a deep passion for founding Yuegong—though the road has been fraught with challenges, our resolve has remained steadfast; from a sense of responsibility to the team—moving forward without hesitation and shouldering all obligations; and from confidence in the steel‑structure industry—seeing a promising future with broad prospects. Chairman Chen emphasized that to make Yuegong better, stronger, and more sustainable, while ensuring a steady succession of talent, the key lies in cultivating a cadre of individuals who are capable, willing to take on responsibilities, and deeply loyal to Yuegong—and equity incentives are the fundamental mechanism to accomplish this. He expressed confidence that, with the implementation of this equity‑incentive scheme, Yuegong will establish a distinctive talent‑management system, further ignite the enthusiasm of all employees to pursue innovation and entrepreneurship, and inject powerful momentum into the company’s continued growth. In closing, Chairman Chen set forth six guiding principles for the Zhejiang Company’s management team: “Loyalty, Responsibility, and Entrepreneurship.”
In accordance with the Group’s strategic plans and arrangements, equity‑based incentive programs for other core management personnel of the Zhejiang Company will be implemented upon completion of the relocation and the construction of the new headquarters.
Related News
Copyright © Yuegong Holding Group Co., Ltd.Website Development: China Enterprise Dynamics Shaoxing