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Yu Donglai: Don't speculate anymore; Feidong is pursuing an operational model based on systems and a shareholding structure.
Gelonghui March 12 | On March 11, Founder Yu Donglai of Pang Donglai posted on social media in response to the company’s distribution system. Yu Donglai stated that for the past 26 years, Pang Donglai has pursued an operational model based on systems and shareholding. Early shareholders were granted shares free of charge and held in proxy. Distributions are based on fairness principles and job value planning standards. “The goal is to stimulate employees’ potential, help employees realize that all their income is generated by their own abilities, not given or donated by others,” Yu Donglai revealed. He also mentioned that once employees mature within this culture, the company will transition to a true shareholding operation model.