On the evening of April 28, Oriental Selection issued an announcement that according to the company's 2023 share incentive plan, a total of 19.3014 million share awards were granted to the company's directors, senior managers 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 that day, the total market value of this share award is approximately HK$549 million, equivalent to approximately RMB 479 million.
Specifically, among the core incentive targets, the company's relevant person in charge, Yu Minhong, 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);
Executive Director and CFO Yin Qiang obtained 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 received a total of 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), and an average market value per capita of approximately HK$1.6165 million (equivalent to approximately RMB 1.4104 million).
The announcement clarified that the vesting issue price of this share award is zero, and the total vesting period is 3 years. It will be unlocked at a constant rate of 1/3 every year, and the grantee must achieve the annual assessment target before the shares can be vested.
In terms of shareholder rights, the grantee shall not be entitled to any shareholder rights, including dividend distribution rights and voting rights, before the vesting and settlement of its share awards.
Oriental Selection stated that the core purpose of this share incentive is to bind the core team, stabilize the management and key employees, and inject power into the company's long-term growth.
Public information shows that as of November 30, 2025, Oriental Selection has a total of 1,054 full-time employees and 469 part-time employees.The 300 employees who benefited this time accounted for a large proportion of the company's overall employment scale.
It is worth noting that the release of the share rewards coincided with Oriental Selection encountering the storm of a group of star anchors leaving the company.
On April 25, the four core anchors Mingming, Tianquan, Zhongcan, and Lin Lin announced their resignation.
Previously, fans had referred to Dong Yuhui, Dundun, Mingming and Tianquan as the "F4" live broadcast team of Oriental Selection. After the four people resigned, all the first-generation "F4" anchors have left.
It is reported that the four anchors who resigned on the same day all mentioned in their statements that they could not adapt to the changes that had taken place in the company in the past few months, and some people even felt anxious because of this. However, they all expressed their gratitude to Yu Minhong.
During the live broadcast on April 25, Yu Minhong said that he had conducted in-depth and sincere communication with the four anchors to retain them, and at the same time conducted two-way communication with the management team to try his best to retain core talents.
For the trouble this personnel change has caused to users, fans and the team, Yu Minhong publicly apologized and said that the four anchors are all outstanding employees who have accompanied the growth of the platform, and their departure is a loss to the platform.
Yu Minhong said that in the future, Oriental Selection will optimize the management model, balance institutionalized operations and humanistic care, and rectify rigid and high-pressure management problems.
In addition, Yu Minhong also said that the departure of the core anchor will not affect the daily operations, product supply chain and user service system of Oriental Selection, and the platform will continue to carry out live broadcast business normally.
