In response, Wu Changjiang responded that he would apply for the NVC special shareholder meeting and said on Weibo on the 15th that "I am going to go to the procedure to request a special shareholders meeting, soon!"
On July 23, NVC Lighting went to strike in two factories and Chongqing offices in Wanzhou, Chongqing and Huizhou, Guangdong. The strike continued until July 27. The management of the company had negotiated with the employees of the Huizhou factory on the 26th. The Huizhou factory employees promised to resume work, but proposed to resign the two executives from Schneider, re-elect Wu Changjiang back to the board of directors, and increase employee compensation by 15%. Up to 25%, no retaliatory action is required for employees, and the board is required to respond by August 9.
However, it was not until August 14 that NVC Lighting issued an announcement that two executives from Schneider, Li Rui and Li Xinyu, had resigned, and that any employee's salary increase would be reviewed by the human resources department according to the company's salary level and required to be managed. With the approval of the committee or the remuneration committee, the company will not take any accountability measures for employees participating in the strike.
However, the day-to-day operation of the company after the strike is unclear. The announcement revealed that there are 50 core raw material suppliers in the NVC lighting Wanzhou and Huizhou factories, but only 25 said they will no longer supply NVC in the future. It is expected that the existing inventory of the plant will be sufficient to sustain production for a period of time. If this situation cannot be resolved, the company will find a suitable alternative supplier.
The above NVC lighting insiders revealed to the reporter that the production materials of most products of NVC have been basically used up, and the Huizhou area has basically stopped working. The announcement content released by the company on the 14th is not true.
The dealers in Wanzhou, Chongqing also confirmed that in the face of the shutdown of the Huizhou plant, Wu Changjiang worked as a raw material supplier in the Huizhou area on the morning of August 16, hoping that the supplier could continue to supply NVC with raw materials.
Regarding whether to continue to cooperate with NVC, the above-mentioned dealers said that they will not sit still and have found a way to save themselves. There are many new products on the shelves, which will be known within two months.
On August 16th, Hejun Venture Consulting Co., Ltd. was entrusted by the minority shareholders of NVC Lighting to start promoting the “small shareholder revolution†of NVC Lighting, trying to stop the company’s “current chaos†as soon as possible.
In an open letter to the NVC Lighting Board of Directors, Hejun Venture Consulting Company stated that we were both shocked and indignant at the actions of Wu Changjiang, the company’s largest shareholder during the company’s chairman and CEO, and that the board is currently weak. Very dissatisfied with performance.
In addition, it also proposed a number of requirements such as “correcting the occupation of occupation, protecting the interests of the company and minority shareholders†and “cleaning up a large number of connected transactionsâ€.
The reporter learned that Hejun Venture Consulting Co., Ltd. had been commissioned by three small shareholders to launch the "revolution."
It is worth noting that in the “small shareholder revolutionâ€, Hejun Venture Consulting Co., Ltd. also appeared as a minority shareholder and held 2,300 shares of NVC, plus three minority shareholders who had previously entrusted the company, holding a total of shares. No more than 20,000 shares.
Li Su (Weibo), the chief partner of Hejun Venture Consulting Group, said that Hope Hejun Ventures can negotiate with the company as a minority shareholder with the company, NVC dealers and Wu Changjiang.
On the afternoon of the 16th, Huang Pei, the rotating chairman of Hejun Venture Consulting Co., announced that he requested to meet with Wu Changjiang on this Sunday (19th) to further clarify the facts and discuss a reasonable solution.
On the same day, Huang Pei told this reporter that it may be difficult to talk about the hard wounds that can't be avoided, but there are still many things to talk about the company's normative governance. As of press time, Huang Pei said that he did not receive any reply from Wu Changjiang.
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