Wu Changjiang shareholders lost at home and abroad launched a four lawsuit seeking comeback

NVC shareholders, is regarded as a direct confrontation of founder Wu Changjiang and chairman Wang Donglei, but Wu Changjiang finally the absence of shareholders' meeting. Although the person did not come to the scene, Wu Changjiang appointed attorney at the scene to distribute the lawyer statement, the two battle in an unexpected way, in the general meeting of shareholders. But more than 90% of shareholders choose to let Wu Changjiang out.

In August 29th, NVC held a provisional shareholders meeting, Congress is the removal of directors Wu Changjiang in any positions and duties of the board committees. According to micro-blog's bid, EGM to at least 95% of the proportion of initially agreed to dismiss Wu Changjiang in the NVC board positions, then again confirmed.

However, for in today's provisional board of directors, whether Wu Changjiang was ousted from the NVC all duties resolution conflict issue and overseas judicial procedure, Jiesai law firm Wang Zhibin lawyers pointed out that the removal of the reason is to persuade shareholders to vote, to replace the board belongs to the corporate governance of autonomy, recall the legality to convene general meeting of shareholders procedures and voting procedures are legitimate and effective, rather than recall reason is established, nor is it to see whether there is still controversy. If the ultimate cause of the recall is not established, resulting in the majority of shareholders are willing to re elect Wu Changjiang as the company's executives, then through the general meeting, the company can still be held as a senior manager of Wu Changjiang.

As early as August 8th, NVC will be a paper notice this infighting into perspective. The resolution of the board of directors dismissed Wu Changjiang CEO duties by Wang Donglei as interim CEO.

Notice that the board of directors recently learned that Wu Changjiang in 2012 on behalf of NVC Affiliated Companies Huizhou NVC Optoelectronics Technology Co Ltd and its three affiliates (NVC Shandong Development Co. Ltd., Chongqing en Weixi Industrial Co., Ltd. and Zhongshan love the Holy Land Division) each signed a license agreement, the three companies awarded the rights to use NVC brand for 20 year.

Subsequently, the two sides held a press conference in Chongqing, Beijing, the disclosure of two people for up to two years of entanglement. The two sides each other benefits, in an attempt to empty NVC, but the debate has no results.

August 29th shareholders' meeting, is considered to be a head-on confrontation between the two sides, the scene was informed that Wu Changjiang did not attend the shareholders' meeting, but commissioned a lawyer at the shareholders' meeting on the spot distribution of lawyers statement".

The lawyer said in a statement, Wang Donglei misled about NVC shareholders, directors and the public. The trademark license Shandong NVC Development Co. Ltd., Chongqing en Weixi Industrial Co., Ltd. and Zhongshan love the holy land division Lighting Co. Ltd., constitutes a connected transaction are subjective judgments.

The lawyer said, Wu Changjiang has registered NVC in accordance with the laws of the Cayman Islands, in August 2014 20 to the "Grand Cayman Islands court filed a lawsuit. At the same time, Chongqing District People's court, Wanzhou District People's court, Guangdong District, Huizhou City People's court filed a lawsuit.

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