Reported 11 months ago
Recently, Xiaomi co-founder and Vice Chairman Lin Bin was scrutinized for selling 10 million Xiaomi company shares over three consecutive trading days in June, amounting to approximately 1.79 billion Hong Kong dollars (around 7.42 billion New Taiwan dollars). Despite criticisms for lack of integrity and breaking promises, Lin clarified on Weibo that the proceeds from selling the shares would be entirely devoted to charity through his foundation established in 2019, complying with the legal provisions for charitable and educational research donations, not for personal enjoyment.
Source: YAHOO