MiniMax awards over HKD 600 million equity incentive: Zhao Pengyu alone receives HKD 129 million without performance evaluation requirements According to BlockBeats, on June 23rd, MiniMax (0100. HK, listed by MiniMax Group Inc.) announced that a total of 1168776 share awards will be granted under the post IPO share incentive plan, corresponding to an equal number of newly issued Class A common shares. Based on the closing price of HKD 515 per share on the grant date, the total value of the reward is approximately HKD 602 million, and the payable purchase price is zero. Among them, Zhao Pengyu, Executive Director and Head of Large Language Modeling Research and Engineering, was awarded 250000 shares as a reward, valued at approximately HKD 129 million based on the daily stock price; The remaining rewards will be awarded to company employees and service providers respectively. The total attribution period for employee rewards is 13 to 72 months, for service providers it is 12 to 44 months, and for Zhao Pengyu it is approximately 66 months. The announcement shows that all rewards do not have performance targets, but there is a compensation mechanism in place. If the recipient engages in serious misconduct, fraud, or material misstatement of financial statements, the company has the right to recover the proceeds or confiscate the rewards already attributed. The large-scale equity incentive shows that MiniMax is still increasing its investment in talent and enhancing its long-term talent competitiveness by binding its core team with long-term equity. Co founder and CEO Yan Junjie once stated in an interview that his team management logic is' send more money, don't wait until it's done, send it now '. Click on the original link below to join the Beating · Feishu AI news channel, which continuously monitors global AI hotspots and news 24/7. [Original link]