Red Star Capital Bureau april 28 news, Legend Holdings (03396. HK) released its 2021 financial report today, in which the sharp decline in the annual salary of Chairman and Executive Director Ning Min and CEO Li Peng has attracted attention.
According to the financial report, in 2021, the remuneration, pension and welfare income of Ning Min, chairman and executive director of Legend Holdings, totaled 16.509 million yuan, while in 2020, Ning Min's total income such as salary was 54.64 million yuan. Compared with 2020, Ning Min's revenue decreased by about 69.8%.
CEO Li Peng's remuneration, pension and welfare income in 2021 totaled 13.435 million yuan, and in 2020, Li Peng's total salary and other income was 46.816 million yuan. Compared with 2020, Li Peng's salary also fell sharply, with a decrease of about 71.3%.
Legend Holdings 2021 Salary Scale
The Red Star Capital Bureau found that the financial report noted that Ning Min and Li Peng voluntarily gave up the discretionary bonus and medium- and long-term incentive incentives for 2021. In 2020, Ning Min's discretionary bonus and medium- and long-term incentive rewards were 20.7 million yuan and 18.145 million yuan, respectively, while Li Peng's was 16.8 million yuan and 17.17 million yuan.
Legend Holdings 2020 Salary Scale
Not only Ning Min and Li Peng, but also the total remuneration of Zhu Linan and Zhao Linghuan, two non-executive directors of Legend Holdings, has also been greatly reduced.
It is worth noting that this is not the first time that Legend Holdings executive compensation has caused heated discussion. In October 2021, when Lenovo Group's IPO on the Science and Technology Innovation Board, along with the disclosure of the prospectus, its executive compensation was also announced: from 2014 to 2019, Lenovo Group founder Liu Chuanzhi's 6-year salary totaled 275 million yuan; from 2012 to 2021, Lenovo Group CEO Yang Yuanqing's salary was as high as 1.26 billion yuan in 10 years.
Red Star News reporter Yu Yao Qiang Ya Milling
Responsible editor Ren Zhijiang