Wang Donglei: no one can absolutely control the NVC

NVC the day before yesterday evening announcement, NVC founder Wu Changjiang quit NVC board position 10 Affiliated Companies. Among them, Huizhou NVC lighting and NVC (China) and by NVC Group Chairman Wang Donglei as the new chairman of the board.

NVC secretaries talk Eagle stressed that the adjustment of the main purpose is to strengthen the management of the NVC board of directors, have much impact on daily operations will not, "Wu Changjiang I also agree with the adjustment scheme". Wang Donglei told reporters in Nandu, this adjustment reflects the interests of the shareholders of the balance, but also in line with the requirements of governance of listed companies.

There is no doubt that with the NVC Affiliated Companies "change over", Wu Changjiang himself the control force to NVC to further weaken the transparency of listed companies, governance is not a bad thing.

Wu Changjiang himself agreed to adjust"

The announcement, Wu Changjiang withdrew from Huizhou NVC (Chinese), NVC lighting, WorldCom investment, Hongkong NVC and a number of NVC Affiliated Companies, the list of directors, replaced by Wang Donglei served as the chairman of the company or the board seats.

In addition, Wu Changjiang will no longer serve as the Zhejiang Jiangshan Sanyou electronics, Jean Sean Phipps lighting, Shanghai Akkadian electronics, Chongqing NVC board position, by Xiao Yu as chairman, Xiao Yu as senior vice president of china.

A careful study of the original announcement can be found, the Yangtze River Wu faction are adjusted, subsidiary board seats reflects the power of NVC's board of directors: Wang Donglei, Xiao Yu, in addition to Elec-Tech representatives to the board of directors of the Affiliated Companies, Schneider Chinese President Zhu Hai, Saif partner Lin Heping also joined Affiliated Companies as a board representative, director.

This adjustment is in order to strengthen the management of the NVC board of directors, so that Affiliated Companies can better implement the resolutions of the board of directors. "NVC secretaries said about the eagle, the NVC board of directors after full deliberation made relevant adjustment.

Why NVC for "life" Wu Changjiang will withdraw from the Affiliated Companies board seats, "wave of the sleeves, do not take a cloud? About the eagle, Wu Changjiang stressed that the executive director of the NVC C or E O, "the adjustment after the consent of Wu Changjiang, have a great impact on daily operations are not. "

"No one can absolutely control the nvc"

By the end of 2012, China announced through a wholly owned subsidiary of Elec-Tech International (Hongkong) Co., Ltd. with a total of about 1 billion 343 million yuan to get a total of 20.05% NVC shares, becoming the largest shareholder of NVC.

"Since become the largest shareholder of BDO NVC, Wu Changjiang and I (don't) there have been rumors. In fact, I and Mr. Wu is a partner to do business, good NVC, Elec-Tech or Mr. Wu Elec-Tech holds nearly 10% of the shares, our interest is highly bound. "Wang Donglei said, nearly 70% LE D chip will be added this year, NVC Elec-Tech supply, and also through joint sales BDO NVC brand N V C E T I light source, this year sales target is 800 million yuan.

The June 13th announcement shows that Wu Changjiang holds Elec-Tech 130 million shares, the shareholding ratio of 9.31%, the second largest shareholders, shareholding after Wuhu BDO Investment Co. Ltd. 24.73%.

But there is no doubt that in the past Wu Changjiang NVC "the word" era has gone -- in April this year, Wu Yangtze River to transfer 215 million shares Elec-Tech group, accounting for about 6.86% of the issued share capital. After the completion of the transfer of shares, Wu Changjiang holds 79 million 309 thousand shares of NVC, accounting for 2.54% of the total share capital, and Elec-Tech holds 848 million shares of NVC shares, 27.1% of the shares, as the largest single shareholder in NVC. Wang Donglei said, in order to enhance the company's holdings in NVC's influence, in order to facilitate further integration.

"We (Elec-Tech) commissioned Mr. Wu business NVC, NVC is a listed company, all things according to work processes, regulations of listed companies. No one can absolutely control the nvc. NVC unnamed senior South stressed.

Reporters repeatedly call the Yangtze River, the phone has been turned off. Wu Changjiang is the latest micro-blog in June 20th with the mission to visit britain. Fortunately, the prime minister to visit Britain, very successful, highlighting the status of great power, after nearly a month did not update micro-blog.

NVC 2013 performance report, the company's revenue for 3 billion 774 million yuan, an increase of 6.4%, gross profit was 797 million yuan, an increase of 4.7%. However, because of management fees, other costs dropped significantly, the company's net profit to achieve a 28 fold increase, reaching $245 million.

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Wu Changjiang in April when more than 200 million shares of NVC

In April this year, Wu Changjiang transferred to BDO 215 million shares, accounting for about 6.86% of the issued share capital of the group. After the completion of the transfer of shares, Wu Changjiang holds 79 million 309 thousand shares of NVC, accounting for 2.54% of the total share capital, and Elec-Tech holds 848 million shares of NVC shares, 27.1% of the shares, as the largest single shareholder in NVC.

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