Money is super 1 billion NVC lighting sales recovery transformation

NVC today (17) held a conference call, vice president and chief financial officer said about the eagle, and the former chairman and the second largest shareholder of Wu Changjiang storm has come to an end, currently being calculated the actual loss of production in the past 3 months. Wanzhou plant has completed inventory last week, has resumed full production, and overtime work to recover losses. Since the last 3 months have not been accounted for the work, it is being filled, is expected to be the fastest this week to know the number of physical assets.

He added that, check bank accounts have been completed, in addition to the announcement referred to by Wu Changjiang in China bank embezzled 173 million yuan, in the industrial and commercial bank and Minsheng Bank is also provided more than 1 billion yuan of funds, and the construction of about 50 million yuan frozen. Due to the above-mentioned bank suspected of assisting Wu Changjiang misappropriation of funds, the group has sought legal advice to recover losses. CEO Wang Donglei added, the bank has provided false information to mislead a series of group, the group and the shareholders, believe that individuals have been relevant authorities in their investigation, but it is not clear whether the banks themselves under investigation. Wang also pointed out that, due to misappropriation of public funds by Wu Changjiang criminal filing, which I have been charged off, can not leave the territory of China, no one knows its location.

Is there a bank to continue to support Wu Changjiang, Wang Donglei stressed that the banks are suspected of assisting Wu in Hongkong listed companies, investors and shareholders believe they will take into account the views, also known as the international event is a big scandal. He reiterated at the meeting, Wu Changjiang has been in Hongkong for breach of certain laws, Hebei authorities can speed up the law enforcement, or affect the seriousness of the laws of Hongkong, it will affect investors in Hongkong listed confidence, competitiveness and Hongkong.

NVC sales recovery of 70% in the same period last year

At the same time, Wang Donglei also said that the dealer has the unanimous support of the board of directors, the market position is maintained, the group's sales have gradually returned to normal, the daily sales of about 70% over the same period last year, hope can be reached as soon as possible to the level of last year.

He added that, the group will focus on efforts in support of the transformation, Elec-Tech transformation, LED lighting, and enter the mobile Internet sales platform, to change the marketing system, to jointly promote the business. He added that the mobile Internet is a form of China, represents a direction, if the group does not accept will be eliminated, so only to meet the challenge with confidence, will not retreat.

The announcement last week that the decision to terminate the NVC LED lighting the integration of assets, Wang Donglei said that the next three months will not be with the BDO integration and restructuring, believe that starting again in the future other time or will, will maintain the listing platform that. Next, the group and the BDO will have more fusion in business, promote the depth of cooperation, reduce connected transactions, that is beneficial to all shareholders.

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