Henan mining company puts $31.5 million in cash up for grabs among staff
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A total of 170 million yuan, or $31.5 million, was made “up for grabs” during Henan Mining Group's annual meeting on Jan 25.
PHOTOS: SCREENGRABS FROM JIUSHIZHEWEIER/XIAOHONGSHU
The company Henan Mining Group made a profit of 260 million yuan (S$48.1 million) in 2024, according to various Chinese media outlets.
To commemorate its earnings, 170 million yuan (S$31.5 million) in cash was made “up for grabs” during its annual general meeting on Jan 25, with 100 yuan notes spread across a long table.
Teams of 30 had to nominate two of their fastest counters, who would tally up as much cash as they could within an allotted time.
The cash – if correctly added up – would be split evenly among all 30 members of the team, with an additional 100 yuan bonus for the two counters.
One employee even enjoyed a windfall of 100,000 yuan, or about S$18,500, after 15 minutes of swift counting, reported Chinese website Sina Weibo.
Others were not as lucky, with a team representative who made frequent mistakes receiving a 22,000 yuan pay deduction.
Mr Cui Peijun, the company’s chief executive, has been dubbed China’s “most generous boss” by many, reported Chinese news site sohu.com.
In 2023, news that the company gave out 61 million yuan to its 40 best-performing employees also went viral on Chinese social media.
