Hycan Auto's mandatory follow-up investment plan sparks controversy

It is understood that the cause of this employee rights protection incident was the "Employee Mandatory Follow-up Investment Management Measures" implemented by Hycan in the early days. The plan requires employees who joined Hycan between 2018 and 2021 to participate in the shareholding plan and complete the subscribed capital. According to statistics, more than 50 employees participated in the follow-up investment, involving an amount of more than 100 million yuan. However, as Hycan's operating conditions deteriorated, the company began to lay off employees and promised to handle the withdrawal and refund procedures for resigned employees. However, there are still employees who have not received a refund, leading to the rights protection incident.