Report: Tang Jun to earn a sky-high income of 1 billion yuan from his job change

Close to Tang Jun sources revealed in the early morning of April 9th that Tang Jun will receive a sky-high "transfer fee" of 1 billion RMB to transfer to a private enterprise as its president, which might create the highest record of domestic corporate executive transfer incomes.

Sources disclosed that the new company's annual total revenue exceeds 10 billion RMB, about four times of Shengda’s income currently, with its headquarters also located in Shanghai, involving in multiple industries domestically.

Previously, Tang Jun had publicly confirmed that the new job would be officially announced on next Tuesday (April 15th), revealing that the company's field includes tourism and real estate. However, sources revealed that these two industries are only a small part of it.

According to introduction, the above-mentioned 1 billion RMB "transfer fee" is one of the generous conditions for the company to invite him to join, which does not include his high annual salary and other rewards.

In the early morning of the day, Tencent Technology also called Tang Jun to confirm this information with him. He did not deny the above-mentioned saying, neither made an explicit confirmation, but indicated that it would be announced on April 15th.

Messages also showed that within a quarter after Tang Jun takes office, two subsidiaries under the company would possibly go public in the domestic A-share market.

In the afternoon of April 3rd, Shengda announced that Tang Jun stepped down as president, succeeded by CTO Tan Qunzhao formally. It was noteworthy that there had been rumors several days before Tang Jun left. He expressed that it was due to unwillingness to deny the true but unannounced news that triggered the market's early guess.

As previous reports disclosed, during the four years when Tang Jun worked as Shengda president, he just earned more than 400 million RMB from stock options, becoming one of the highest-paid professional managers in IT industry. But this figure was later surpassed by Wei Zhe, the president of Alibaba that listed in Hong Kong on November 6th, 2007. According to the prospectus disclosed at that time, Wei Zhe earned more than 579 million HKD in a year. After completing this transfer, Tang Jun will become the most "profitable" working emperor domestically again.

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