On October 12th, according to Lenovo Holdings, online news that "Mr. Liu Chuanzhi's salary of about 100 million yuan after his retirement" was grossly untrue. "Starting in 2020, Mr Liu will no longer receive job pay from Lenovo Holdings, including salary, bonuses, medium- and long-term incentives, etc."
On December 18, 2019, Liu Chuanzhi, then the 75-year-old founder of Lenovo Group, officially announced his retirement as chairman of Lenovo Holdings in the form of a company announcement, according to public records.
Recently, however, it was reported that Liu Chuanzhi's Hong Kong-listed Lenovo Group was paid $3.17 million a year, or $7.635 million in 2020. Based on exchange rates, this means that Mr Liu, who has been retired for nearly two years, has an annual salary of about $100m.
According to the disclosure in Lenovo Holdings' 2020 annual report, Liu Chuanzhi was no longer in the executive group and no longer received a fixed salary.
In addition, according to the Lenovo Group prospectus provided nearly three years of executive compensation form, there is no appearance of Liu Chuanzhi figure is only in the notes to the report, Lenovo Group disclosed that the annual pension paid to Liu Chuanzhi is 1.5 million U.S. dollars (about 9.6 million yuan) (| AI Finance News Agency Summer)