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| HSCEI1 | 8,039.19 | +41.90 | 95.13B |
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MINIMAX-W CEO Letter to Staff: To Allocate 5% of Personal Shareholding to Incentivize Employees and Support Open-Source Community Development
2026-07-10 10:29:23 MINIMAX-W (00100.HK) completed a new round of financing worth HKD16 billion. CEO Yan Junjie said in an internal letter to all employees that, effective immediately until the company achieves AGI, he will no longer receive any salary from the company. Over the next four years, he will allocate shares equivalent to 4% of the company's total share capital under his personal holdings to incentivize team members who fight alongside the company over the long term and jointly create value. Yan added that he will allocate 1% of his shares to establish a dedicated fund to continuously support the development of relevant open-source communities. Spurred by news of the share placement and issuance of zero-coupon convertible bonds, MINIMAX-W last quoted at HKD275.4, down 7.4%, with trading volume of 4.7278 million shares, involving turnover of HKD1.318 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |