Weibo's original text, Liu reads as follows: "After reading the relevant reports on lighting, I remembered that last year, investors claimed that I had approached him for financing three times, but all of them were rejected! In fact, only Hanergy introduced this person in 2008! To say the least, even if it happens, investors should not publicly humiliate entrepreneurs! This is the minimum professional standard. I appeal to entrepreneurs not to cooperate with such investors who openly lie and repeatedly violate professional ethics! NVC will die in the hands of this person! "
The "investor" referred to by Liu is the shareholder of lighting organization and the founding partner of Safran Asia Investment Fund. According to the data, Safran Asia holds an equity of NVC Lighting 18.48%.
On May 25th this year, Wu Changjiang, then president and chairman of NVC Lighting, resigned from all his posts for "cooperating in the investigation of a former consultant's case". Subsequently, Yan Yan took over as chairman of NVC Lighting.
A few days ago, Yan Yan publicly stated that the board of directors did not "close the door" to Wu Changjiang, and he could come back completely, as long as three conditions were met: first, the events under investigation must be clearly explained to shareholders and the board of directors; Second, deal with all related transactions that are not allowed under the regulatory rules of listed companies; Third, we must strictly abide by the resolutions of the board of directors.
Early this morning, Wu Changjiang issued several Weibo claims that the three conditions put forward by Yan Yan were actually criticisms and attacks on him, saying that he resigned at the request of the directors, and his previous mistake was to let ignorant people join the board of directors.
The "Flash Word" storm of NVC Lighting was attributed by the outside world to the fact that founder Wu Changjiang did not firmly control the company when introducing external investors. In this respect, Liu can be used as its frame of reference. Although its financing amount has reached billions of dollars, he has never lost control of the company. He still has more than 50% of the voting rights and controls more than half of the board seats, thus eliminating the possibility of losing power.
According to media reports, NVC Lighting held a closed meeting this morning. Employees not only demand that former chairman Wu Changjiang be reinstated, but also demand that the board of directors be reorganized, employee options be increased, and Schneider withdraw from NVC, or they will go on strike indefinitely. So far, no substantive progress has been made in closed-door meetings.