What is the use of the equity given by the company?

Legal analysis: Taking a few percent of the shares means that you own a few percent of the whole company.

Legal basis: Article 133 of the Company Law of People's Republic of China (PRC). When the company issues new shares, the shareholders' meeting shall make resolutions on the following matters: (1) the type and amount of new shares; (2) the issue price of new shares; (3) the starting and ending dates of the issuance of new shares. (4) The type and amount of new shares to be issued to the original shareholders.