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July 26 news, yesterday evening, Oriental Selection announcedDong YuhuiAt 3:00 pm today, Oriental Selection held a shareholder communication conference call to provide shareholders and potential investors with information on the company's latest developments and answer questions.

New OrientalFounder and CEO of Oriental SelectionYu MinhongWe have answered several questions that people are curious about in the market one by one.

For example, was it because Dong Yuhui's income was too little that he decided to become independent? Yu Minhong said, "I personally think that the treatment of Dong Yuhui approved by the board of directors is reasonable and generous. The net profit of 140 million is the net profit left after deducting Dong Yuhui's share. This should have belonged to Dongfang Selection 100%. In addition, he also has a relatively good salary every month, and the company has granted him aEquity, he has always been quite grateful, and feels that such treatment is actually very good treatment for him. "

As for why the 140 million net profit of Yuhui Tongxing was awarded to Dong Yuhui, Yu Minhong explained, "According to the agreement, the profit of Dongfangxuan should be awarded to Yuhui. This matter was decided after my proposal and discussion by the board of directors."

He mentioned that there are two main reasons behind this:

First, Dong Yuhui has made great contributions to the development of Oriental Selection, so I think that giving him a bonus when he is completely independent is a goodwill expression, and we also hope to pass on such goodwill to the society. When a person who has made contributions to the company is about to leave, giving him a bonus is also a common practice of many companies.

Second, when I was discussing the guaranteed income with Dong Yuhui, there was an issuance of additional shares. However, Dong Yuhui did not receive any shares in the past six months, so I felt that it was appropriate to provide some cash subsidies.

Yu Minhong mentioned, "Dong Yuhui's contribution to Oriental Selection seems to have come to a perfect end, so I don't have any personal purpose here. I think in this case, the two sides parted ways amicably and won a better social reputation at the same time. There may be potential for cooperation in the future." (Yan Yan)

This article is from NetEase Technology Report. For more information and in-depth content, follow us.