Sifangda Company held the second secondary workers' congress

On December 19, 2014, the second secondary workers' congress of Henan Sifangda Superhard Materials Co., Ltd. was held in the conference room on the fourth floor. A total of 34 employees from various positions of the company attended the meeting.
Ms. Fang Chunfeng, deputy general manager, and Ms. Fang Yuhong, the deputy general manager of the meeting, explained in detail the scope of subscription of the employee stock ownership plan and the draft employee stock ownership plan. Fully solicited the opinions and suggestions of the staff representatives, and finally reviewed and approved the “Proposal on the Participation of Employees' Scope and Subscription Standards in the First Employee Shareholding Plan of Sifangda” and the “Party Employee Shareholding Plan (Draft) of Sifangda ( "Subscription of Non-public Issuance of Stocks" and "Management Rules for the 1st Employee Stock Ownership Plan (Subscription of Non-Public Issuance of Shares)".

The employee stock ownership plan is based on a voluntary basis and is based on the criteria to enable employees to participate in the sharing of corporate interests. The development of this plan marks the company's improvement of the benefit sharing mechanism between core employees and all shareholders, achieving the same interests of shareholders, companies and employees, fully mobilizing the enthusiasm and creativity of employees, and ensuring the sustainable development of the company.

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