In order to fulfill the investment agreement with ICG Capital, Universal Network changed its name to Universal Games and changed its name from an individual limited liability company to a joint-stock limited liability company.

In addition to changing the management structure of Wanyou Company, Ren Pingsheng also adjusted the equity structure of Wanyou Game Co., Ltd.

With the cooperation of Lin Lisong and Qin Zhenwei, Ren Pingsheng became more than a dozen investment companies in Hanhai, Yanjing, Shenzhen-Hong Kong, Hanzhou and Wenzhou respectively, serving as shell companies to achieve the purpose of controlling Universal Games.

Ren Pingsheng re-registered a new company called "Wanyou Network Co., Ltd.", with Ren Pingsheng personally holding 98% of the shares and Lin Lisong holding 2% of the shares.

He also registered "Pingsheng Investment Co., Ltd.", "Pingsheng (China) Holdings Co., Ltd.", "Pingsheng (China) Holdings Co., Ltd.", "Lisong Investment Co., Ltd." and other companies, all of which are owned by Ren Pingsheng personally.

Gravity Game Ltd, as an operating entity, has a registered capital of 100 million yuan.

The largest shareholder of the company is "Wanyou Network Co., Ltd.", with a shareholding ratio of 40%, the second largest shareholder is ICG Capital (China) with a shareholding ratio of 20%, the third largest shareholder is "Pingsheng Investment Co., Ltd." with a shareholding ratio of 20%, the fourth largest shareholder is "Pingsheng (China) Holdings Co., Ltd., with a shareholding ratio of 15%, and the fifth largest shareholder is "Lisong Investment Co., Ltd." with a shareholding ratio of 5%.

Of course, except for the second largest shareholder, the other companies are shell companies controlled by Ren Pingsheng, and in total, Ren Pingsheng's shareholding ratio and voting rights in the "universal game" are 80%, firmly controlling the power of this company.

The main advantages of changing the original individual shareholding to corporate shareholding are as follows:

One is the tax benefits. If it is an individual who holds shares directly, when selling shares, according to the relevant laws and regulations, 20% of the taxable income must be paid; If the shareholding is through the company, there is room for deferring tax avoidance and reasonable tax savings.

The second is the benefits of monetization. Holding shares in the name of the company, when it is realized in the future, it can be distributed within the holding company, unlike the entity company, which needs to be approved and supervised by the relevant departments. Moreover, the company's shareholding is convenient for the pledge, trust, and financing loans of the listed companies held in the future, and various reasonable financing arrangements will be made.

The third is the benefits of equity incentives. In the future, if Ren Pingsheng considers the introduction of equity incentives, he can design an equity incentive plan at the level of the shareholding company, on the one hand, to avoid the impact on the equity changes of listed companies, and on the other hand, to form a restraint mechanism for the incentive object.

The arrangement of these asset structures is basically derived from Jiang Qiurong's design in the Aldorf-Astoria Hotel in New York, and the specific implementation adopts Qin Zhenwei's advice and is done by Lin Lisong, Ren Pingsheng's most trusted person.

So far, all the assets of Ren Pingsheng have been scientifically and properly arranged, and his career has also reached a new level.

……

As a limited liability company, Universal Games has newly established a board of directors, with a total of 5 members of the first board of directors, namely: Ren Pingsheng, Luo Dahui, Xu Tao, Lin Lisong, and 1 independent director, Ning Zhenyi.

The chairman of Wanyou Game Co., Ltd. is naturally Ren Pingsheng. The board of directors has an office, and the office director is Liu Yijun.

At the first meeting of the first board of directors of the new company, the company's management adjustment plan proposed by Chairman Ren Pingsheng was approved.

After the adjustment of Ren Pingsheng, the new management structure and the new management of Universal Games have reappeared.

The management of the new company is divided into three levels: board of directors - general manager - department, and the general manager is divided into seven departments: R&D department, technology department, marketing department, administrative and human resources department, finance department, logistics support department, and legal department (listing working group office).

In addition to the reorganization of the Human Resources Department into the Administration and Human Resources Department and the Product Department into the R&D Department, the new company has also added two new departments: the Marketing Department and the Legal Department.

Since the company's IPO listing has been mentioned in the schedule, an additional listing working group with the board of directors, the general manager, the finance department and the legal department as members has been established, and the group office is temporarily located in the legal department.

The position of general manager remains unchanged, and it is still Xu Tao, who focuses on management and R&D work. In charge: R&D Department, Technology Department, Marketing Department.

The company added a deputy general manager and promoted Lin Lisong to deputy general manager, responsible for the company's daily operations and financial expenses. In charge: Administrative Human Resources Department, Finance Department, Logistics Support Department.

The Office of the Listing Working Group (Listing Office) is headed by Chairman Ren Pingsheng, and the office is located in the Legal Department.

Director of R&D Department: Luo Changyu. Responsible for the development and planning of online game products, reporting to General Manager Xu Tao.

Director of Technical Department: Li Guohui. Responsible for building a technical platform and providing technical support, reporting to General Manager Xu Tao.

Director of Marketing Department: Temporarily vacant (concurrently served by Xu Tao). Responsible for product marketing and customer service department, reporting to General Manager Xu Tao.

Director of Administration and Human Resources Department: Liu Yijun (concurrently Director of the Board Office). Responsible for administrative and human resources matters, reporting to Deputy General Manager Lin Lisong. At the same time, he is also responsible for the administration of the board of directors and the listing office.

Director of Finance Department: Fu Huizi. Responsible for the company's financial supervision and accounting management, reporting to Deputy General Manager Lin Lisong. At the same time, cooperate with the listing office to carry out IPO financial governance.

Director of Logistics Support Department: Gao Yi. Responsible for the company's logistics support and IDC room management, reporting to Deputy General Manager Lin Lisong.

Gao Yi is one of the old people Xu Tao brought out of Luoyi to start a business, and he is good at dealing with major telecom operators and IDCs, and he is quite popular.

Director of Legal Department: Qin Zhenwei (part-time). Responsible for all legal affairs of the company. At present, the main work is to cooperate with Junheng Law Firm to do a good job in the legal affairs related to the company's VIE and IPO.

Due to the particularity of the company's listing work, the legal department (listing office) is not managed by the general manager and deputy general manager, and reports directly to the company's chairman Ren Pingsheng.

The change in the management of the new company takes into account both the needs of the investors and the interests of the company's veterans.

Of the two new departments, Xu Tao and Ren Pingsheng each took one away; in the old department adjustment, Ren Pingsheng's people withdrew from two and brought in two new ones, and the total proportion remained the same.

Xu Tao's original R&D department was stuffed with Luo Changyu, but Ren Pingsheng also compensated him with a marketing department, and at the same time mentioned his old man Gao Yi to the logistics support department; Overall, in the pattern of various departments, Xu Tao and Ren Pingsheng's people still maintain a 4:3 pattern, so this adjustment did not cause too much controversy.

Of course, the biggest change is that Lin Lisong, Ren Pingsheng's old classmate and former director of the company's logistics department, came back after leaving Wanyou for a period of time, and after coming back this time, Ren Pingsheng's trust in him has not diminished but increased, and he also set up a position of deputy general manager for him, and introduced him to the board of directors and became a member of the core management.

However, who called Ren Pingsheng to be the company's major shareholder and chairman, the chairman has this privilege.

After a while, everyone found out that although this Lin Lisong had the title of deputy general manager, it was actually Ren Pingsheng who was really in charge, but he was unwilling to deal with specific affairs in person, so he put Lin Lisong at the front desk.

And Lin Lisong himself is not idle, Ren Pingsheng has other things to do for him.

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