NVC's board of directors adopts the "drag" word nickname part of the request can not reply

The NVC board, which originally had "a statement" on August 1, did not respond to the operator's three requirements as originally planned. This made the NVC operator who was waiting for a reply somewhat passive. He said that some of the operators' requests could not be answered, and the operators were reluctant to disclose the next plan. When Wu Changjiang could return to the board of directors again became a question.

At the closed meeting in mid-July, the NVC operator proposed the return of Wu Changjiang, Schneider's withdrawal and the request of the operator's representative to enter the board of directors, and said that the board had indicated to them that "August 1 is the final deadline. There must be a saying." However, on August 1, NVC's board of directors did not issue any announcement about Wu Changjiang's return, and the operator also said, "There is no news yet."

In fact, the attitude of NVC operators has been changing. On July 24th, the NVC operator confirmed that it has joined forces to form a new brand and is in the process of registration. It is believed that the brand will be launched within 10 days and the products will be on the shelves. In addition, the operator also decided to hold a mobilization meeting in Zhongshan on July 27 to discuss the details of the new brand. At that time, some operators said, "We can't wait until August 1st, we won't wait for the reply of the board of directors, we can't sit still," the attitude is very tough.

Since then, Wu Changjiang has clearly stated his opposition to the establishment of the new brand and said that he “will definitely not participate in the management of the new brand”, and the operators also said that in order to get a reply, they have released a lot of goodwill, as long as Wu Changjiang Can return to NVC, Schneider management quit, others are better to say, the tone has been much milder than before.

In addition, the issue of setting up a new brand seems to be stagnant. The original brand name announced on July 27th, the operators are not willing to disclose it now, just saying that "there is no final decision, everyone is working together, hoping to Think of the most appropriate one, and emphasize that they are waiting for the announcement, waiting for the board's reply. When asked if 阎焱 did not respond as planned, how operators and new brands will respond, operators are vague and unwilling to disclose.

阎焱 previously said that some of the operators’ requirements could not be answered in fact. For example, the operator requires representatives to enter the board of directors, but "they don't even have NVC's shareholders, how can they enter the board?" And he has always been welcoming about Wu Changjiang's return, but now operators have set up new brands and mines. The so-called insider information exposed by the staff members is giving up the return of Wu. "Every time, the Stock Exchange will do a new investigation. We will explain it again." Before the investigation, Wu Changjiang Can't return.

Regarding the establishment of new brands by operators, he said, “I don’t want them to do this, but if they really want to do it, we can’t stop it.” The law does not stipulate that dealers cannot set up new brands. But he pointed out that setting up a new brand is not so easy. There is a big risk. "If it is so easy, they have already done it, and no one has stopped them." "Not everyone can become Ma Yun."

Some insiders said that the current board of directors of Softbank Safran and another investor, Goldman Sachs, have already recovered their investment in NVC. The stock price drop caused by the company’s internal struggle has little effect on them, so the board is likely to take “Tow”, “You can’t make compromises because of the operator’s tips. If you invest money, you will be criticized. In the future, you will have a bad atmosphere, and other companies will follow suit.”

He also pointed out that Wu Changjiang is currently in a dilemma. Even if he can return to the board of directors, it is difficult to control the absolute control as before. "There are very few votes on the board of directors. The major decisions will be restricted by other directors in the future." If you can't return to the board, leave. NVC is a double blow to his emotions and wealth. "Wu Changjiang's entire family is almost in NVC. If the stock price of Rory is falling, the impact on him will be very large, and due to financial constraints, even When he manages a new brand, it is hard to become an absolute leader."

NVC Lighting's share price plunged nearly 30% after Wu Changjiang announced his resignation. The company continued to suspend trading today and reported HK$1.41 before the suspension.

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