What is the nature of the company's equity?

The stock right given by the company is a gift. If the company uses the shares in the employee stock ownership plan or equity incentive, it can buy back its shares. At this time, giving employees equity is a gift, but the gift can be conditional. Article 142nd of the Company Law of People's Republic of China (PRC) stipulates that a company may not purchase its shares. However, except for one of the following circumstances: (1) reducing the registered capital of the company; (2) Merging with other companies holding shares of the Company; (3) Using shares for employee stock ownership plan or equity incentive; (4) Shareholders request the company to purchase their shares because they disagree with the resolution of merger or division made by the shareholders' meeting; (5) Using shares for the conversion of corporate bonds convertible into shares by listed companies. (6) The need for listed companies to safeguard their own values and shareholders' rights and interests. Article 142 of the Company Law of People's Republic of China (PRC) * * * A company may not purchase its shares. However, except for one of the following circumstances: (1) reducing the registered capital of the company; (2) Merging with other companies holding shares of the Company; (3) Using shares for employee stock ownership plan or equity incentive; (4) Shareholders request the company to purchase their shares because they disagree with the resolution of merger or division made by the shareholders' meeting; (5) Using shares for the conversion of corporate bonds convertible into shares by listed companies. (6) The need for listed companies to safeguard their own values and shareholders' rights and interests.