When the equity of a wholly-owned subsidiary of a subsidiary of a group company is transferred to another subsidiary of the group company, what are the relevant legal provisions on employee placement?

The transfer of company equity and the labor relationship between company and employees are two different legal relationships. The transfer of equity leads to changes in the company's shareholders, but it does not affect the company's main qualification, the performance of the labor contract signed between the company and employees, and does not involve economic compensation. Unless the company proposes to change or terminate the labor contract due to the equity transfer, it may involve economic compensation.