On November 8, Tianfeng Securities organized a special seminar on equity incentive and tax planning for the new third board in Beijing to help enterprises develop. Shandong Tongtai Weirun Food Technology Co., Ltd., a manufacturer of calcium propionate and sodium propionate, was invited to attend. Zhou Xiaofeng, chairman of the company, and Yang Jilong, chief financial officer of the company participated.

In this lecture, three main themes are deeply analyzed: equity incentive scheme and practice, tax risk management of new third board enterprises after the merger of national and local taxes, and tax structure planning of new third board enterprises under CRS. The purpose is to deepen the understanding of equity incentive, to solve practical problems, to help enterprises more clearly understand the role of equity incentive in the development of capital market, to establish advanced corporate governance awareness, and to take the road of sustainable development.

At the beginning of 2018, the company signed a listing cooperation agreement with Tianfeng Securities. The work of stock reform is progressing steadily. At present, the pre-listing work of the new third board has been completed, the benchmark date of stock reform has been determined, and the whole stock reform work is planned to be completed and listed successfully in 2019.

Tongtai Weirun Company is a national high-tech enterprise integrating research, development, production, marketing and service of food additives and feed additives. It mainly produces food-grade and feed-grade additives: calcium propionate, sodium propionate, sodium benzoate, benzoic acid and other products. Various products are widely used in food, feed, medicine, pigment, industry and other fields. Our products have been exported to 53 countries, such as Europe, Russia, Southeast Asia, South America and Africa, with more than 370 customers. The annual output value of our company has exceeded 200 million yuan.

In the future development, Tongtai Weirun will continue to adhere to the business philosophy of "creating world-famous brand, making world-class products", create the first brand in the development model of China's food additive industry, and ultimately realize the successful listing of enterprises on the motherboard, in order to repay the society with better performance.