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Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

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Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

Lei Jianping on April 9

Tencent recently submitted its 2023 annual report. According to the annual report, as of December 31, 2023, Tencent's major shareholder MIH Internet Holdings B.V held 24.96% of the shares.

Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

腾讯CEO马化腾持股8.49%。

Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

MIH is controlled by Naspers Limited through its non-wholly owned subsidiary, Prosus N.V. MIH Internet Holdings B.V. is a wholly owned subsidiary of Prosus N.V.

The directors of Tencent are Chairman of the Board and CEO Pony Ma, the non-executive directors are Jacobus Petrus (Koos) Bekker and Charles St Leger Searle, and the independent non-executive directors are Li Dongsheng, Ian Charles Stone, Yang Shaoxin, Ke Yang and Zhang Xiulan.

Tencent President Martin Lau ceased to serve as a director as of May 17, 2023.

Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

Ma Huateng's total salary in 2023 will be 42.92 million yuan, and Martin Lau's will be 52.478 million yuan, mainly including 40.316 million yuan of share-based compensation expenses, 9 million bonuses, 2.69 million salaries and 472,000 robe fees. Last year, Martin Lau's annual salary was 187 million yuan, equivalent to a drop of 72%.

Tencent President Martin Lau's annual salary is 52.48 million: a 72% decrease and has withdrawn from the company's board of directors

Martin Lau's annual salary in 2022

Martin Lau's annual salary in 2022 includes a salary of 7.35 million, a bonus of 20.44 million, and a share-based compensation expense of 158 million yuan. The sharp decline in annual salary is mainly due to the impact of the shrinkage of more than 100 million yuan in stock remuneration.

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