【A great boss in China! Zhu Yiming pays 36 billion yuan out of his own pocket, distributing it to employees】

Zhu Yiming, founder of Changxin Technology, did something rare:
He voluntarily used half of the 1.54B shares he personally holds—totaling 768 million shares—entirely for employee incentives.
Based on a share price of 47 yuan, the market value of this stake is about 36 billion yuan.
Most importantly: this is personal value transfer by the founder to benefit employees, with no dilution of any external shareholders’ equity.
The shareholding proportions of shareholders such as Hefei state-owned assets, the National Integrated Circuit Industry Investment Fund Phase II, Alibaba, Tencent, etc. are completely unaffected.
Why is there this block of shares?
Changxin Technology’s board of directors once granted Zhu Yiming 1.54B shares to recognize his historical contributions over a decade of hard-fought efforts to achieve domestically made DRAM; the grant cost was only 0.108 yuan per share.
He didn’t take all of it—he directly split half with the team.
Distribution rules:
Officially starts after the company has been listed for 36 months
Rolled out in two five-year phases: the first five years for 384 million shares, the second five years for 384 million shares
Shares can be directly granted to employees’ partnership interests, or employees can sell and then receive cash
If an employee leaves, any unvested portion is reclaimed, deeply tying core talent
Zhu Yiming’s own lock-up pledge:
In the first ten years after listing: not selling a single share
In the second ten years: at most 20% reduction per year
The vast majority of shares are locked in for at least twenty years.