This is also out of fear that in the future, if the union, which holds significant power, were to overthrow him, he would still be in charge.

Xing Baohua ultimately decided to retain 5% of the shares for himself, as a way to have a say in the company.

In addition, there's an agreement with senior management to act in concert. This is essentially a double layer of insurance.

In reality, he is still the actual controller of the rice electronics factory.

It's just that the focus has shifted from the open to the covert.

Old Kong's arrival put pressure on him.

Therefore, it's necessary to plan ahead so that he isn't the chairman or legal representative in the future. Even if things escalate to the end, he won't be among the shareholders! In reality, he'll still be the one making the decisions.

Even if he is ruined by others, he will only bear 5% of the debt.

I thought of many things.

I quickly got up, got out of bed, found a pen, and jotted down a few key points.

Xiao Bo felt a little sorry for Xing Baohua when she saw her get up and start working again.

Young people don't have as much energy anymore; they're more likely to fall asleep when they're tired.

After Xing Baohua finished writing, he closed his eyes and thought for a while to see if there was anything to add, and then reviewed it again.

When he put down the paper with satisfaction and turned around, he saw Xiaobo on the bed gazing at him affectionately, and he knew he had underestimated her.

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The next day at work, Xing Baohua looked haggard, a stark contrast to Xiao Bo's radiant charm.

The two went upstairs together, one to the left and the other to the right.

Xing Baohua arrived at Old Li's office, but no one was there. Xing Baohua glanced at the time; the old factory director shouldn't be late.

At this moment, Lao Kong also came to work. He greeted Xing Baohua first, and when he saw Xing Baohua standing at the door of Director Li's office, he said, "Director Xing, why don't you come and sit here for a while?"

"No, thank you." Xing Baohua said, turning around and leaving. As she walked, she picked up the phone and called Director Li.

Factory Director Li had barely left the workshop when Xing Baohua called him back.

In the old factory director's office, Xing Baohua explained in detail to Director Li about his plan to change the shareholding structure.

Xing Baohua retained 5% of the shares, Shangguzhuang retained 1% of the shares, and the remaining 94% was given to the employee committee.

This employee committee is composed of all employees of the electronics factory. As long as you are a formal employee of the electronics factory and have worked there for more than three years, you will receive a share of the profits in addition to your salary, bonuses, and other benefits.

This profit sharing is equal for everyone, regardless of senior management or ordinary employees.

Fewer people get more, more people get less.

Good performance brings money; poor performance leads to shared debt.

We want all employees to treat the company as their own business and work together to build it.

The management personnel of the employee committee will be elected at the employee congress.

The elected individuals will have decisive influence over the factory's development.

After listening to Xing Baohua's explanation, Director Li was stunned.

Xing Baohua not only gave up his wealth, but also his power.

What can you say about him? Noble? Based on Old Director Li's understanding of Xing Baohua, does this kid even deserve the title?

But it must be said that he was aiming for a system of shared wealth.

Returning power to the workers—that's also a goal! Back then, it was the workers and peasants who were in charge.

What move is Xing Baohua making? I can't figure it out! Is he plotting something?

This left Director Li speechless, and he kept urging Xing Baohua to go back and think it over again.

Young people shouldn't be impulsive, etc.

Factory Director Li was frightened by Xing Baohua's plan.

Xing Baohua shook his head and said to Director Li, "This is something only the two of us should know. Don't tell anyone else yet. Let me think about it and see if there's anything I've missed or if I can add anything."

Watching Xing Baohua leave his room, the old factory director sat at his desk, somewhat absent-minded.

He was also muttering softly, "The commonality of wealth."

Repeat it several times.

This is a big deal and needs to be reported.

But he stood up and then sat down again. Who could he report to?

He hasn't gotten used to a long-standing habit yet.

Xing Baohua had previously noticed this minor problem with the old factory director: he hadn't properly positioned himself.

After several days of deep thought, Xing Baohua added some things to his plan.

Another executive meeting was then held.

The meeting lasted a long time, mainly to establish many rules.

We also need to distinguish which parts belong to Dami Electronics Factory and Dami Technology.

Dami Technology is comprised of sales and after-sales service teams.

Previously, all of these properties belonged to Xing Baohua, and there was nothing to divide. Now, however, things are different; they have been divided into three parts.

Dami Electronics Factory, Dami Technology, and Dami Hainan Holdings Laboratory.

All three entities are independent.

Only the rice electronics factory was made into a separate collective shareholding system.

The newly built office building was divided into two parts: one half went to the rice factory and the other half to Rice Technology.

The laboratory building was allocated to Dami Hainan Holdings.

In terms of orders and financial control, Dami Technology has the final say and dominates the other two companies.

Xing Baohua now enjoys 100% ownership, making it a fully privately owned business.

Actually, he was testing the waters. If the higher-ups really didn't allow it, he would release the shares again or give them up.

Dami Technology can also be seen as a shell company.

Not many people are needed, because Xing Baohua has already built a large network of agents. With the contact list in hand, that's wealth.

Not to mention the experience stores and after-sales service. The net has already been cast, and we can remotely control it at any time.

Foreign staff and local university students in the laboratory are all categorized under the rice experiment.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!