Per Woofun AI, MiniMax Group Inc. (0100.HK) disclosed the granting of 1,168,776 Class A common shares under its Share Incentive Plan, valued at approximately HK$6.02 billion based on the grant date closing price of HK$515. Executive Director and Head of Large Language Model Research and Engineering, Zhao Pengyu, received 250,000 shares worth roughly HK$1.29 billion, with the remainder allocated to employees and service providers. Vesting periods span 13 to 72 months for staff and 12 to 44 months for providers, while Zhao’s allocation vests over approximately 66 months.

The incentive structure notably omits performance targets but incorporates a strict clawback mechanism allowing the company to recover vested earnings in cases of serious misconduct, fraud, or financial misrepresentation. This move aligns with Co-founder and CEO Yan Junjie’s stated management philosophy of distributing equity early to bind core talent, rather than waiting for commercial success, thereby reinforcing long-term organizational competitiveness.