Oriental Selection Rewards 300 Employees with Shares Worth 400 Million Yuan After Anchor Resignations
On the evening of April 28th, Oriental Selection announced that it would grant a total of 19.3014 million shares to its directors, senior management, and core employees, involving 302 people, accounting for 1.82% of the company's issued shares. Based on the company's closing price of HK$28.44 per share on the same day, the total market value of this share reward is approximately HK$549 million, equivalent to approximately RMB 479 million.
Specifically, among the core incentive recipients, Yu Minhong, the company's relevant person in charge, received 1.8 million shares, accounting for 0.17% of the issued shares, corresponding to a market value of approximately HK$51.192 million (equivalent to approximately RMB 44.665 million);
Yin Qiang, the executive director and CFO, received 450,000 shares, accounting for 0.04%, corresponding to a market value of approximately HK$12.798 million (equivalent to approximately RMB 11.1663 million);
The remaining 300 employees collectively received 17.0514 million shares, accounting for 1.61%, corresponding to a total market value of approximately HK$485 million (equivalent to approximately RMB 423 million), with an average market value of approximately HK$1.6165 million per person (equivalent to approximately RMB 1.4104 million).
The announcement clearly states that the vesting price for this share reward is zero, the total vesting period is 3 years, and it will be unlocked at a uniform rate of 1/3 per year. The grantee must also achieve annual performance targets to obtain share vesting.
Regarding shareholder rights, the grantee has no right to enjoy any shareholder rights, including dividend distribution rights and voting rights, before the share reward is vested and settled.
Oriental Selection stated that the core purpose of this share incentive is to bind the core team, stabilize management and key employees, and inject momentum into the company's long-term growth.
Public information shows that as of November 30, 2025, Oriental Selection has 1,054 full-time employees and 469 part-time employees. The 300 employees who benefited this time account for a significant proportion of the company's overall workforce.
It is worth noting that the release of this share reward coincides with the turmoil of several star anchors leaving Oriental Selection collectively.
On April 25th, Mingming, Tianquan, Zhongcan, and Linlin, four core anchors, announced their resignations one after another.
Previously, fans referred to Dong Yu Hui, Dundun, Mingming, and Tianquan as Oriental Selection’s “F4” live streaming group. After the departure of these four people, all the original “F4” anchors have left.
It is understood that the four anchors who resigned on the same day mentioned in their statements that they were not adapting to the changes in the company over the past few months, and some even experienced anxiety. However, they all expressed gratitude to Yu Minhong.
During the live broadcast on April 25th, Yu Minhong stated that he had conducted in-depth and sincere communication to retain the four anchors, and also carried out two-way communication with the management team to try his best to retain core talents.
Yu Minhong publicly apologized for the inconvenience caused to users, fans, and the team by this personnel change, and stated that the four anchors were all excellent employees who accompanied the platform's growth, and their departure was a loss for the platform.
Yu Minhong said that Oriental Selection will optimize its management model, balance institutionalized operations with humanistic care, and rectify rigid and high-pressure management problems.
In addition, Yu Minhong also said that this departure of core anchors will not affect Oriental Selection's daily operations, product supply chain, and user service system, and the platform will continue to carry out live broadcast business as usual.