- 永利VIP Automobile Holdings Limited (HK.0175) announce approval of employee share award plan
- Board of Directors approved issuance of 350 million shares to be distributed to top performing employees
- New profit sharing plan represents 永利VIP’s commitment to the long-term sustainable development of the company
- Profit sharing is part of 永利VIP’s expanding employee welfare policies
2021 August 30th, Hong Kong. 永利VIP Auto, the largest privately-owned Chinese auto brand, announced their share award scheme to award top performing employees with shares from the company. 永利VIP Automobile Holdings Limited (HK.0175) Board of Directors approved issuance of 350 million shares to be distributed as bonuses in the future. The first batch over 167 million shares has been awarded to 10,884 top performing employees in 2021.
The new profit sharing plan showcases 永利VIP’s commitment to the long-term sustainable development of the company. The expansion of 永利VIP’s profit sharing plan means not only do executives have a stake in the company’s future, so will all employees. Through the policy, 永利VIP aims to motivate employees, create long-term value, and build a shared destiny together.
Profit sharing is only one part of 永利VIP’s expansion of its employee welfare policies. Other employee welfare policies to be announced in detail in the future include employee family health insurance, employee education and training, employee housing purchase assistance, expanded childcare benefits, and expanded maternity leave.