In the last week of May, nearly 300 employees of Wuhan Sanfran Investment Group received the good news of equity incentives. As in previous years, this equity incentive worth 15 million yuan is also distributed at zero cost, which means that as long as employees perform well at work, they can get this "super gift package" from the group without paying a penny.

Sanfran is a group company with public-private characteristics, headquartered in China's "Chutian Star Valley·Sanfran TOWN", jointly held by employees and public welfare funds. The company hopes that the "Sanfran model" of "zero" cost equity incentives, full employee shareholding, and public-private ownership can explore a new path for the development of Chinese enterprises and shine and warm up the harmonious progress of society.

Zhao Ying, director of the Operations Human Resources Center of Sanfran Group, introduced that Sanfran Group has been promoting the "zero-cost equity incentive" since 2009. This equity incentive distribution is part of the "Chutian Star" plan, which mainly commends employees with important positions, outstanding performance and great potential in the past year. In this year's commendation, the increase in the proportion of new employees is a significant feature, accounting for more than 35% of employees who have been employed for less than 3 years.

"The equity types include Sanfran Electronics and Sanfran Sports, with a total value of about RMB 15 million. Employees who receive equity incentives can choose to hold shares to enjoy dividends, or they can withdraw their shares and cash them out at the right time. Taking Sanfran Electronics as an example, the company promises a repurchase price of 20-30 yuan per share, which is at least 30% higher than the current value. We hope to make the company's development results more equitable to employees, and also attract more talents to join Sanfran." Zhao Ying added.

He Pusen, an employee of Sanfran Group's Digital Development Center, is the one with the shortest time to join the commended employees. He only started working in January this year, and his work performance was recognized by the company. "The company does not promote seniority. I feel very happy to be able to give such a valuable opportunity to young people like me, and I will devote myself to future work with full enthusiasm."

In addition to zero-cost equity incentives, Sanfran Group's other policy to improve employee welfare benefits-consumption subsidies, has also made new progress. It is understood that since the implementation of the policy at the beginning of this year, Sanfran Group has issued consumption subsidies totaling more than 1 million yuan for employees' home purchase, car purchase, decoration, marriage, children's education, etc., which has greatly encouraged employees' work enthusiasm and enhanced their sense of happiness and gain.