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Explain

1
CPBW is a Chinese private enterprise;
2
The company has completed the first "Angel Investment" since the start-ups held 100% of the shares;
3
At the same time, the company has begun to arrange the core employees of the company to voluntarily and gradually own part of the company's equity in batches through partnership;
4
For the time being, no government department or institution holds the equity of CPBW.