MiniMax CEO Yan Junjie sent an all-staff letter: will no longer draw salary, personally contribute 4% of shares for team incentives, and 1% of shares to support open-source development.

MiniMax founder and CEO Yan Junjie issued an internal all-staff letter in response to recent market volatility, emphasizing that the company's long-term direction remains unchanged.

In the letter, Yan announced that from now until the day the company achieves AGI, he will no longer receive any salary from the company. Over the next four years, he will allocate shares equivalent to 4% of the company's total share capital held in his personal name to incentivize team members who have long fought side by side with the company and create value together; at the same time, he will allocate 1% of shares to set up a special fund to continuously support the development of relevant open-source communities.

The letter stated that the teams on the front lines of the industry understand better than anyone the true speed of technological evolution and the long-term value the company is creating and accumulating. He will devote all his time, energy, and resources to this cause, calling it "a long-term commitment as a founder." The letter closed with: "We will keep going until we get there. Intelligence with Everyone."

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