The company's equity design does not take the route of AB shares, nor does it take the route of limited partnership structure, and there is no offshore registration, and the company is registered in Xincheng.

This is also in line with the wishes of Stars Capital, so that Xingyu Technology will definitely not go overseas to the United States to list in the future, but to land on the A-share market, and the normal listing application takes time, so it will take the road of backdoor listing.

Qin Feng was very cheerful and decisive, but he was not without a sense of control.

With such an equity design scheme, it is easy for the founder to lose control of the company, and after several rounds of financing, the equity in his hand is diluted enough to lose control.

Qin Feng's solution is that in addition to Qunxing Capital, in the future, if Xingyu Technology wants to introduce financing and introduce other investment institutions, it must sign a "concerted action" agreement with the other party.

Qunxing Capital has a veto that cannot be signed, and signing it is equivalent to losing the veto or giving it to Qin Feng to use, so it is naturally impossible to sign such an agreement.

In addition to signing "persons acting in concert" agreements with other investors, Qin Feng will also sign "persons acting in concert" agreements with employees who have been reserved for the option pool.

Among the shareholders of Xingyu Technology, except for the shareholder of Qunxing Capital, all other shareholders must follow Qin Feng's concerted action, and he votes against others, and the others vote against in concert, and vice versa votes in favor are the same.

In this way, there is only one situation in which Qin Feng will lose control of the company, and that is the absolute majority of the equity ratio of Xingyu Technology in Qunxing Capital, which accounts for more than 67%, because the resolution of major matters must be approved by more than two-thirds of the majority before it can be passed.

In other words, as long as Qin Feng and his concerted actors hold no less than 34% of the equity, it is equivalent to having a veto, although it is not possible to make a major resolution 100% pass at this time, but it can be achieved to make a major resolution 100% not passed, so as to ensure that control of the company is not lost.

The worst-case scenario is a stalemate between the two sides, because Qunxing Capital also has the ability to veto, which can also make a major resolution 100% not pass.

To put it bluntly, you don't want me to do what I want to do, and I can make you unable to do what you want to do.

Isn't it just hurting each other?

In this way, it is equivalent to reaching a certain balance between the founder and the capital, even if there is a contradiction, you can sit down calmly and talk about it, and it is not good for anyone to go bankrupt if you continue to be so deadlocked.

Such a kind of "mutual deterrence" can do a good job of not easily touching and testing each other's bottom line.

There is only one way to win-win cooperation.

In fact, Qin Feng has a sense of control Fang Hong is very happy, if he doesn't have a sense of control, it will be a minus point here in Fang Hong, because if he can't even find such a big fatal loophole, how far can you expect him to lead the company in charge?

As long as Qin Feng leaves a loophole in control, Fang Hong will not hesitate to take away the control of Xingyu Technology at the right time, and then remove Qin Feng from the position of the head, because he can't even solve such a fatal problem, which shows that his ability is still lacking, of course, he has to be replaced.

Fang Hong is a rational person, if Qin Feng is in this situation, he will definitely do this, otherwise he is not a rational person.

If you can't seize the control of Xingyu Technology, Fang Hong will also be very happy, indicating that the founder is no problem, there is no need to take him out and replace him with someone else, then the interests of Qunxing Capital in Xingyu Technology will be fully protected, after all, there is a veto as a guarantee.

Fang Hong is not afraid of the founder's strength, nor is he afraid that the founder is capable, but he is afraid that the founder is not strong enough and insufficient, because no matter how strong and capable you are, Fang Hong can still have the confidence to handle it, even the worst situation can ensure that the interests belonging to Qunxing Capital cannot be pitted.

With the initialing of the agreement, Qin Feng also left the headquarters of Qunxing Capital with satisfaction.

The next thing to do is to register Xingyu Technology, and at the same time invite those gray hat friends who develop the operating system together to join Xingyu Technology and work together, everyone has their own contacts and circles, this is Qin Feng's network circle.

These gray hat friends of his are willing to join Xingyu Technology, it must be a start-up team with excellent technology development strength, Fang Hong is very optimistic about this team and the future of Xingyu Technology.

……

Not long after Qin Feng left, Hua Yu's assistant came to his office, and the matter of Xingyu Technology was put aside, which was just one of the projects of Qunxing Capital.

As the assistant entered the office, Hua Yu immediately instructed: "The matter of purchasing more than 80,000 film and television dramas for 30 billion yuan will be announced to the public, and it will be released today." ”

The assistant nodded: "Understood." ”

About half an hour later, Qunxing Capital issued a blockbuster announcement, officially announcing the company's "100,000 film library copyright strategic plan", in which it announced that it would spend another 3 billion yuan to purchase the exclusive online broadcast rights of more than 80,000 film and television dramas.

Boy!

Once this announcement was released, it not only caused a sensation in the capital market, but also caused a nuclear bomb in the film and television industry, which attracted all industry insiders in the film and television industry to look at it dumbfounded.

You must know that the total market size of the industry last year only added up to about 1000 million, and Qunxing Capital had already shocked the film and television industry by smashing 700 million before, but I didn't expect the big one to come.

The 30000000000000 copyright procurement plan was smashed out, and the jaws of people in the industry were shocked.

That night, the news of Qunxing Capital's plan was reported by the media, especially the relevant media reports in the entertainment industry, which directly hit the front page headlines.

……

Guangguang Entertainment is currently the largest private media and entertainment group in China.

The company was founded ten years ago, and the current Nissan program is more than eight hours, in addition to the famous "Entertainment Live", "Music Billboard", "Best Live", "Film and Television Billboard", etc., new new programs including "Today's Entertainment Network", "Golden Melody Moment", "I Love to Watch Movies", "Reading Better", "Entertainment Talk", "All-round Variety Class" and other nearly ten new columns.

Its programs are broadcast on 620 TV channels across the country, covering all regions of the country.

Invest and distribute more than 10 mainstream commercial films every year, including "Witness", "Happy Family", "East Evil and West Poison", etc.; Invested in nearly 20 TV dramas, including "Rainstorm Pear Blossom", "Before and After the House", "Plan A", etc

Every year, it hosts and undertakes more than ten famous entertainment awards ceremonies and hundreds of ground entertainment activities, and undertakes the Film Huabiao Award, Golden Rooster Award, Hundred Flowers Award, Directors Guild Award, blockbuster premieres "Ambush on All Sides", "Assembly Number", "Red Cliff" and so on.

It has a library of 60,000 hours of entertainment videos and also operates a video entertainment website.

However, the site is average, and it can't be compared with the current online video sites such as Youku, Tu Tea, Ai Riding Yi, and Kuaibo, and netizens don't even know that such a video site exists.

"Qunxing Capital is really unpredictable, and I still haven't figured out what is the purpose of their spending such a sky-high price to purchase online video copyrights, just to hoard copyrights?" The boss of Light Entertainment is talking to the number two in the office.

This problem is not only pondering by him, including other film and television companies and the capital market, and the rise of Qunxing Capital is too fast, giving the outside world the feeling of suddenly popping out, but the financial strength is extremely strong, especially in the overseas capital market to collect tens of billions of profits and return to a sensation.

Moreover, these large group companies now also know the situation of Qunxing Capital, and they all believe that behind it is Huayang Group, which is also a powerful giant group.

Now they all think that the person at the helm behind Qunxing Capital is Huayang Group, as for Fang Hong, he actually knows it, but without exception, they all ignore him as the role of the backstabber, and all the staff are dark.

"In any case, one thing is certain, Qunxing Capital is not short of money, and is eager to purchase copyrights."

"That's right." When the boss of Guangguang heard this, he couldn't help but nod his head in approval, and after thinking for a moment, he looked at the other party and said: "In this case, I have a temporary idea, just say hello to several other major companies and raise the price together. ”

After Mr. Guangguang finished speaking, he smiled, there are many content producers, thousands of film and television companies, but the real high-quality content, that is, those well-known film and television dramas, and most of them are in the hands of the top few big factories.

These high-quality film and television dramas are the most valuable content, and other bad movies or something, their value is at best to fill the film library and enrich the film library.

Obviously, Fang Hong's previous judgment is coming true, and he feels that Qunxing Capital is a fat sheep sent to the door, and he wants to take a hard shot.

……

82 Chinese Net