At a company-wide meeting, FF Co-CEO Jia Yueting disclosed that the board of directors had formulated an equity incentive plan for him, titled "Shareholders First." This plan is intrinsically tied to the company's market capitalization, stock price, and shareholder interests. It unfolds in two phases, with a total cap of 9% equity incentives. Jia Yueting pledged that upon achieving the equity incentives, 50% of the proceeds would be dedicated to settling debts in accordance with Chinese law, while the remaining 50% would be reinvested in the company's ecosystem to foster its growth.
