Wu Changjiang opened the conference back Wang Donglei said it own misappropriation of HK $100 million

Following NVC yesterday (10) held on the morning of the 11 day after the conference, Wu Changjiang also held a news briefing in Beijing, NVC counter related words.

Wu Changjiang said at the meeting, a gambling problem, it is Mr Wang Donglei for his malicious slander, the recording data is he deliberately clip, to really like what he said, I owe so much debt, they might have been to kill underworld, died.

In addition, in today's press conference, Wu Changjiang also won the winter thunder to mandate the use of appropriated Elec-Tech shall be paid to their more than 100 million Hong Kong dollars, suspected of a crime.

"Wang Donglei and I are in accordance with the contract to buy other convertible shares of listed companies to operate with equal cash, in Elec-Tech buy my NVC holdings for the price, now there are more than one billion Hong Kong dollars did not give me, after I appointed lawyer to check, the money already listed companies from the company account expenditure but now, the money can take wings to itself". Wu Changjiang further said that after a lawyer after verification, a preliminary understanding to Wang Donglei is being swallowed, once verified, will put forward their criminal charges according to law.

The meeting Wu Changjiang also on the 10 day of the NVC announced their alleged misappropriation of funds or embezzlement, crime, illegal disclosure, non disclosure of important information on the crime of responding.

Wu Changjiang said that this statement is a typical misleading to the public. In December 16, 2010, Chongqing Nan'an District People's Government (hereinafter referred to as "the South Bank of the government), NVC Holdings Ltd., Hongkong promise Lighting Co. Ltd. (hereinafter referred to as" the Hongkong Wuji ") signed the" headquarters project investment agreement NVC Holdings Limited three party ". The three parties agreed: the South Bank of the government to sell 21.9 acres of land to the Hongkong promise, promise from Hongkong lighting investment building NVC headquarters building project". NVC holdings investment in the project is not gold, but after the completion of the project, the Chinese corporate headquarters moved to the settlement center office building. After reaching the agreed output and the tax credit, the South Bank of the government's commitment to the NVC holding preferential policies, such as project naming rights, within five years the district level executives personal income tax return, part of government procurement of products, assist enterprises to promote the NVC NVC products, five years at the level of tax subsidies part 90%.

Because of later Hongkong promise lighting in the construction of the NVC headquarters building project in the shortage of funds, the application of NVC terms borrowed capital, in order to meet the demands of Engineering construction. But NVC (Chinese) Co. Ltd. does not lend electrodeless lighting, but to the bank to provide guarantees for the electrodeless lighting required NVC headquarters building project construction. At the same time, no construction projects to provide a counter guarantee "Chinese by lighting, NVC" now under construction plus the value of the land value has more than one billion yuan. It is Wang Donglei this time to Chongqing high court for comprehensive preservation "China NVC" account, caused a bank panic, demand ahead of the closing credits.

In September 10th, NVC disclosure of important information about Wu Changjiang infringe the interests of the listed company, which is the core of Wu Changjiang illegal collateral that NVC suffered huge losses of 173 million yuan. NVC relevant responsible person to enumerate Wu Changjiang three crimes, including alleged misappropriation of funds or embezzlement; crime; illegal disclosure, non disclosure of important information.

In August 29th, NVC held a provisional shareholders meeting in Hongkong, the removal of Wu Changjiang board position in the company and any committees of the board of directors duty to vote, the final results in 95.84% votes through the recall, which means that its founder Wu Changjiang completely from NVC out. Prior to August 8th, Wu Changjiang's CEO position has been removed.

In August 8th, NVC's board of directors passed a resolution to dismiss Wu Changjiang, chief executive, and held a provisional shareholders meeting, the executive director Wu Changjiang recall. In the office of NVC, Wang Donglei and Wu Changjiang two party for soujiao seal clashes occurred, police intervention.

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