KN(SH:603111) Mei Ri Jing Ji Xin Wen·2026-01-12 01:05Core Viewpoint - The company has faced significant public scrutiny due to the rehiring of eight former executives, all over the age of 60, with the oldest nearing 90 years old, raising questions about the necessity and rationale behind their rehiring [1][2]. Group 1: Rehiring of Executives - The company announced the rehiring of eight individuals, including prominent figures such as Jin Yuanguo, who will take on non-executive roles like honorary chairman and chief expert, with three of them working without pay and five accepting a significant salary reduction [1][3]. - The rehired executives include former high-ranking officials who have held various key positions within the company, and their roles are intended to combine experience with younger talent, reflecting a governance strategy rather than merely serving as part-time consultants [1][2]. Group 2: Salary Adjustments - The company disclosed that the rehired senior consultants will each receive a maximum annual salary of 300,000 yuan, while the five senior experts will earn no more than 60% of their previous salaries from 2024 [1][2]. - In 2023, the total compensation for the executives was reported at approximately 12.7 million yuan, with a noted decrease in salaries for the rehired individuals compared to the previous year [2]. Group 3: Governance and Legal Considerations - Legal experts indicate that if the rehired individuals do not hold positions defined as senior management under company law, they may not be classified as executives, but their influence and responsibilities still require careful evaluation [4]. - The company emphasizes the importance of clear delineation of roles between the rehired consultants and the current management to avoid conflicts and ensure effective governance [5].