Wu Changjiang: the thing that has been worrying is still happening

3 at 11 pm, Chongqing NVC headquarters convened more than 20 media reporters at the media in Chongqing NVC lighting museum experience meeting, Wu Changjiang, Wang Minghua, Mu Yu, Zhao Yifang and other executives will attend. Conference immediately began, and the site has dozens of professional security team, security tight.

Wu Changjiang appeared in the media meet

[NVC Chongqing start of the conference participants reduced to 2 executives] originally scheduled to be 3 points this afternoon NVC media meeting (Chongqing) officially began, Wu Changjiang and solicitor, several scheduled executives did not show up. Wu said, forced to meet with you, the mood is very heavy, has been worried about things that happened.

Wu Changjiang: I don't want to expose the "domestic" let people laugh. NVC storm into a teaching case, media and businesses are more concerned about, the greatest value is the entrepreneur's lessons. Two times, do not want to appear the third time, but the more do not want to appear, the faster.

Wu Changjiang introduction: many friends said that the introduction of BDO BDO BDO is introduced at that time is getting in, a friend, but I also optimistic about the opportunities, I visited the factory, understand the situation, BDO has made the technical content of the product, but it is not the channel and brand, but have the advantage of nvc. If we work together, we must be able to make use of LED industry transformation to achieve the world's top three.

Wu Changjiang: talk about the differences of Peter Ho NVC mostly, I have most influence Peter Ho, but I prefer to do two shareholders, hit it off between the two, but also signed the agreement, the rights and obligations of responsibility, both sides, clearly defined. Then slowly turns out, he does not perform in accordance with this, but I continue to compromise, tolerance, I became BDO shareholders so long, but the director is not.

Wu Changjiang talk about Wang Donglei: he likes ultra vires, the continuous management of the ultra vires, causing great dissatisfaction with our management, I have been very seriously proposed to him to change this problem. Cooperation, he continued to do illegal things, management does not agree, but also buried resentment. Last year, Wang Donglei was forced to source products should be transferred to BDO, director Mu Yu does not agree, he hold a grudge, and later to fire him, but I strongly disagree.

Wu Changjiang talks about cooperation: I saved him! BDO has financial situation is very bad, if there is no cooperation in 2012, a BDO executive said to me, will not crash BDO cooperation. We are convertible, not his money to buy. It costs for BDO NVC reimbursement, Jiqianwanjibaiwan, our management team did not agree, he is very bitter.

Wu Changjiang talk about contradictions: in July 14th, the board of directors of the two companies to replace the company, legal person triggered my bottom line. First, he did not discuss with me directly to the internal notice, so that employees, dealers know. Second, he let his classmates a vice president of BDO chairman, let me do the vice chairman, this is disgusting to me. This allows the entire company and dealers are jittery.

3 Wu Changjiang: the morning of July 17th, Wang Donglei in office, the two sides agreed 3 options: 1) the same as the beginning, back to back, good cooperation and common money; 2) the NVC to Wang Donglei, related company to take over, at least 1 billion; 3) Wu Changjiang to find money for NVC equity. Later, and dealers to negotiate, we are ready to repurchase the NVC, and consider the commitment by BDO chips.

Wu Changjiang's "big NVC": Wu Changjiang and many dealers deliberations, the dealer integrate into the listed company. Sales channels in more than 8 billion, how to profit at least 500 million shares, mergers, we may account for more than half, our right to speak on the big, concerted effort to NVC well, bigger nvc.

If Germany is not willing to put forward to separate channels listed, forcing Wang Donglei to accept integration. Wang was afraid to hear.

Wu Changjiang talk about corporate governance: I have said before, if a shareholder from absolute control, the small business bigger, over time will be extremely detrimental to corporate governance. But later, in the process of rapid development, the need to have the right to speak of the hero. I like the strategy that everyone can understand, there will be no NVC today.

Wu Changjiang talk about hitting the storm: I expect him to change my team, but did not expect so fast. 8 at noon, secretaries said 2:30 to open the board of directors necessary to participate in the event, but did not notice the issue. On the board of directors, Wang Donglei proposed the recall, I raised objections and reasons. On board the phone, Wang Donglei began to fight with people, I told the director of the meeting, hung up the phone.

More than a dozen people surrounded me, playing my assistant on the sofa, Wang Donglei asked to hand over the official seal, I do not agree. They're going to grab my bag and the phone. I just have a little bit of resistance. They're going to the other office. Later, the police came, both sides of the lawyer also came, we sat down to negotiate, I propose that this does not meet the procedures.

I asked him to talk for 10 minutes, and I told him that it was too much to do. And he said, no way. Later, the police beat a few people took away, Wang Donglei also took away, but made a note of the night on the left, the thugs also put second days.

Wu Changjiang talk about affiliated companies: 3 affiliates are not what the benefits of transmission, is authorized to pay the use of the brand to do some non competitive products. It was all public and promised to be loaded