Yang Yuanqing stepped down as the chairman of Lenovo's communications and reduced his holdings in Lenovo for 4 consecutive days by cashing out 300 million

Songguo Finance was informed that according to the news of titanium media App on January 19, Tianyancha APP showed that on January 14, Shenzhen Lenovo Understand Communications Co., Ltd. underwent industrial and commercial changes, and Yang Yuanqing, chairman of Lenovo Group, stepped down as chairman of the company and was replaced by He Zhiqiang. According to the official website, the communication is the intelligent Internet of Things service provider under Lenovo Venture Capital. Yang Yuanqing has been controversial because of his annual salary of over 100 million. Recently, according to the announcement of Lenovo Group, Yang Yuanqing sold Lenovo stocks for 4 consecutive days from January 4 to 7, accumulatively selling 41.7393 million shares. Lenovo's closing prices from January 4 to 7 were HK$8.95/share, HK$9.00/share, HK$8.92/share and HK$8.98/share, respectively. At HK$9.00 per share, Yang Yuanqing has cashed out a total of HK$375 million (about RMB305 million). After cashing out, Yang Yuanqing still holds 1.155 billion shares, accounting for about 9.59% of Lenovo Group.