Want to earn a cool HK$85 million? Hong Kong tutorial school tries to poach top teacher from rival institution

A tutorial school in Hong Kong is attempting to poach a star teacher from another top institution in the city by publishing an open invitation in Chinese-language newspapers, promising the teacher an annual salary package of HK$85 million.
Modern Education yesterday published a full-page advertisement in two Chinese-language newspapers, titled “An Open Letter to Teacher Lam Yat-yan”.
In the letter, Modern Education promised Lam an annual income of HK$85 million if he joins Modern Education after his contract with Beacon College ends next year.
The letter also stated that Modern Education would offer Lam a four-year contract that would allow him to take 65 per cent of the school’s profits if his classes attracted more than 20,000 students a year.
The institution also offered Lam HK$1 million each year to subsidise his advertising and promotion costs, in addition to giving him HK$30 million to show its sincerity.
Modern Education ended the letter by saying: “We sincerely hope you will accept our invitation. If you have any questions, just contact us directly”.