Wang Donglei was officially appointed actively preparing for the resumption of the work of NVC CEO

In January 21st, NVC announced the suspension of the company, the board has appointed Wang Donglei served as CEO, after Wang Donglei for temporary CEO. NVC also said that the Hong Kong stock exchange for resumption of company made a series of conditions.

Announcement shows that the Hong Kong Stock Exchange recently told NVC that the company resume must meet the following conditions: handling violations, and to inform their impact on the financial and operating situation of the company to the market; that the company has to formulate appropriate financial reporting procedures and internal control system to comply with its obligations under the listing rules of the disclosure of internal supervision and justice; the results of the review, and deal with the problems found; all relevant information to the market.

In addition, NVC said the company must comply with the listing rules, as well as Hongkong and its registered seat of all applicable laws and regulations, to resume trading.

In August 8, 2014, NVC released Wu Changjiang CEO post, by Wang Donglei as interim CEO. Notice that Wu Changjiang on 2012, without the use of authorization rights third NVC brand associated with the company for a period of 20 years. In August 11, 2014, NVC began the suspension.

Subsequently, Wu Changjiang and Wang Donglei frequently with the media, against each other, mutual exclusion of the interests of each other, trying to empty the company.

In August 29, 2014, NVC held a provisional shareholders meeting in Hongkong, voted to remove Wu Changjiang's director, and any committees of the board of directors duties. At the meeting, more than 95% of shareholders voted in favor of the recall of Wu Changjiang. Perhaps in anticipation of the results, Wu Changjiang did not appear at the scene of the shareholders' meeting that day, instead of acting in the venue by its attorney issued a lawyer statement".

This is the third time Wu Changjiang left his hand to create NVC. As of January 21, 2015, NVC's board members include: executive director Wang Dongming, Wang Donglei, Yu Xiao, Xiong Jie; non executive director Zhu Hai, Li Wei, Lin Heping; Li Gangwei, Wu Ling, independent director Wang Jinsui, Wang Xuexian, Wei Hongxiong.

January 12th, Tencent finance exclusive reports, Wu Changjiang suspicion of misappropriation of funds (involving more than one hundred million yuan), was on the afternoon of January 12th was officially approved by the Huizhou Municipal People's Procuratorate approved the arrest. In accordance with the relevant legal procedures, the procuratorate will be Wu Changjiang investigation, investigation time or several months. After the end of the investigation, if the evidence is sufficient, the suspect will be transferred to the prosecution prosecution.

So far, Wu Changjiang has been jailed for a month and a half. At the beginning of December 2014, the Huizhou Municipal Public Security Bureau on suspicion of embezzlement crime investigation of Wu Changjiang, and in December 6, 2014 went to Beijing to take away, then transfer to the Huizhou City Detention of criminal detention.

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