An innovative staff incentive programme leveraging blockchain and real estate tokenization technology
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HONG KONG, CHINA
-�Media OutReach�- 29 October 2019 -�Stan Group (Holdings) Limited ("Stan Group") announced the launch of Buy-a-Brick,
an innovative employee incentive and recognition programme that applies blockchain technology and real estate
tokenization to enable Stan Group employees to generate wealth alongside Stan Group.
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Committed to driving
corporate innovation, Stan Group has pioneered the application of real estate
tokenization to employee incentive and recognition. Buy-a-Brick is designed to motivate staff
engagement in innovation, cultivate intrapreneurship and recognize staff for
the efforts. Unlike other conventional revenue-sharing models, Buy-a-Brick provides
employees with the opportunity to share the future capital gain of a building,
without making any monetary contribution. A "Brick" is a digital token stored on the
blockchain, which represents a smart contract for a selected building. By participating
in Buy-a-Brick, if the property selected is sold and profit is made on the sale
of that property, the brick holders will be entitled to share the profit made.
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"We are thrilled to launch Buy-a-Brick for internal
staff as it redefines staff appreciation. I believe every one of our staff
members plays an integral role in the Group's success and should be able to
reap the reward and share the value created," said Stan Tang, Chairman of Stan
Group. "The launch of Buy-a-Brick has cemented the leading position of Stan
Group in corporate innovation and entrepreneurship. Buy-a-Brick started with a
dream, through matching the idea with resources within our business ecosystem,
it is now a reality. I hope to ignite innovation and initiate change within and
outside the Group, and shape a better future for entrepreneurs and all."
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Buy-a-Brick is the newest addition to the existing
Stan Group credit system, where employees earn points with innovative business
pitches, business referral, attending design thinking and other talent
development workshops, etc. There are two types of points, namely Credit Point
and Shared Value Point. With Credit Point, employees can redeem vouchers, hotel
stay, and even an extra day off. On the other hand, the new Shared Value Points
can be used to redeem a "Brick" at Buy-a-Brick.
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This
press release does not constitute, nor is intended to be, an offer,
advertisement, invitation or document to public (a) to enter into or offer to
enter into (i) an agreement to acquire, dispose of, subscribe for or underwrite
securities; or (ii) a regulated investment agreement or an agreement to
acquire, dispose of, subscribe for or underwrite any other structured product;
or (b) to acquire an interest in or participate in, or offer to acquire an
interest in or participate in, a collective investment scheme.
About Stan Group
Stan Group
(Holdings) Limited ("Stan Group" or "the Group") is a leading conglomerate
rooted in property with a wide array of diverse businesses. Committed to
sustainable business development and social investment, the Group manages a
HK$60 billion real estate portfolio in strategic partnership with the Tang
Shing-bor family and operates more than 40 respected brands across five
business pillars: property, hospitality, communication services, financial
services and The STILE, innovative businesses with social purposes. Dedicated
to innovation, collaboration, human focus and entrepreneurship, the Group's
core values empower it to achieve the vision of driving the vibrancy of
society, and the mission of creating shared value (CSV) for shareholders,
business partners, customers, employees and the community at large.
