Wu Changjiang: The only entrepreneur who was driven out of the capital by three times

On the evening of the 8th, NVC Lighting announced that the board of directors had passed the resolution to remove Wu Changjiang’s CEO position and will convene an extraordinary general meeting to dismiss Wu Changjiang’s executive director. At the same time, Wu Changjiang’s brother Wu Changyong was also dismissed. , Mu Yu and Wang Minghua's vice president position. The NVC Lighting Board stated that the resolution was “very difficult and very prudent”.

From the founder to the "professional manager", to the current "expulsion" of NVC, Wu Changjiang will face a severe test.

Fight video online spread <br> <br> yesterday, 1:00, South Bank area Nanbin Sheraton twin towers. The clouds are densely covered, and the several floors of the NVC lighting in the building are extremely quiet. On the weekend, NVC did not have employees to go to work, but on the previous day, there was a storm.

Since the early hours of yesterday, Weibo, WeChat and LED lighting have begun to circulate a video titled “Duohao Runda Chairman Wang Donglei to inspect Chongqing NVC Lighting”. The video shows that at 3 o'clock in the afternoon on the 8th, in the office of NVC Lighting Chongqing headquarters, the staff led by Wang Donglei, the chairman of NVC Lighting, had a disagreement with the relevant personnel and a relatively serious physical conflict broke out.

According to a local person, "(On-site) is too scary." He told the Chongqing Morning Post reporter that Wang Donglei brought dozens of people, "putting two assistants of General Wu (Changjiang) into the hospital." The office was "broken into the door." The person also said that the relevant personnel on the scene of "snoring" conducted a "search" on the Ministry of Justice, the Ministry of Finance and other departments, and snatched some business documents and the seals of relevant departments.

It is understood that the relevant personnel involved have been taken away by the police yesterday. Yesterday, Chongqing Morning Post reporter called Wu Changjiang mobile phone several times, but as of 6 pm, his phone has been turned off.

A paper announcement to remove Wu Changjiang after 20:00 on the evening of 8th, NVC Lighting issued a notice indicating that it has passed the board of directors to remove the company CEO Wu Changjiang, which mentioned the reason for the recall: "Mr. Wu Changjiang's Misconduct makes people question whether they have the ability to continue to perform their duties as executive directors of the company as appropriate and appropriate individuals."

The Chongqing Morning News reporter learned that more than a month ago Wu Changjiang and the former "NVC" executives have withdrawn from the board of directors of 11 subsidiaries of NVC Lighting, plus the "dismissal", "Wu" in NVC Lighting Executives have been completely "cleaned". Just a month ago, when the board of directors of the subsidiary was adjusted, Dehao Runda also said that Dehao Runda still supported Wu Changjiang to run NVC.

The “Remove” announcement stated that most members of the board of directors believed that Wu Changjiang would continue to serve as executive director and chief executive officer of NVC Lighting. Wu Changyong, Mu Yu and Wang Minghua as vice presidents would be in the best interests of the company and shareholders.

The announcement also stated that at present, NVC Lighting has established an emergency handling committee to exercise internal authority adjustments, appoint management personnel, and sign business agreements on behalf of the board of directors in emergency situations. The committee was formed by Dehao executives Wang Donglei, Xiao Yu and Wei Hongxiong.

Short-lived "radar love"

According to the Chongqing Morning News reporter, Dehao has only entered NVC lighting for more than a year. In December 2012, Dehao Runda spent HK$1.65 billion to absorb Wu Changjiang’s individual shares and completed the acquisition of a 20% stake in NVC, breaking the confrontation between Wu Changjiang and Softbank Safran and Schneider.

In January 2013, Wu Changjiang was re-appointed as the company's CEO. In January 2014, Dehao Runda invested another 500 million yuan to increase the shareholding ratio of NVC Lighting to 27.1%, becoming the largest single shareholder.

According to public information, at present, Wu Changjiang holds 9.31% of the shares of Dehao, and Wang Donglei holds 24.73% of the shares of Dehao through Wuhu Dehao Investment.

However, many insiders believe that the reason why Wu Changjiang chose to cooperate with Dehao Runda should be a way to "return" to NVC lighting. In 2012, Wu Changjiang and the company's capital side Softbank Saifu became in conflict, and they were given up by the capital side to "force the palace" and resigned. After the return of the CEO, Wu Changjiang brought Dehao Runda to NVC Lighting. In January 2014, at the celebration of the 15th anniversary of NVC Lighting, Wu Changjiang officially announced his return, and his business card only had the word "president". The industry believes that Wu Changjiang at this time can basically only be called a professional manager.

From the appointment to the recall, Wu Changjiang and Dehao Runda's cooperation basically broke. At this point, "radar love" can basically fall through.

Investment banker Wang Shizhen said: Things are far more complicated than recall. Wu Changjiang became the only entrepreneur in the history of Chinese industry to be driven out by the capital party three times. This is the third time, once more sinister than once. The first time is money, the second time is power, this third time may lose the rivers and lakes.

Different voices <br> <br> yesterday 1:00, the staff NVC Zhao (a pseudonym) received the company's internal mail "Notice to Employees book." Which shows why the reason for the removal of Wu Changjiang: "Wu Changjiang has no heart to run NVC." This made Zhao Xiao wonder. As an employee who followed Wu Changjiang for many years, he thought that Wu Changjiang was still doing his best for NVC. "This can be seen from the performance of NVC for so many years."

In addition, Zhao Xiao also believes that Dehao Runda beat people first, dismissed Wu Changjiang, and did not inform the company's employees and relevant management beforehand. It is irresponsible performance. Mr. Wu was removed, but General Wu did not meet at the meeting yesterday, but saw the guests in the office!"

This view has also been recognized by many people involved in the NVC lighting interviewed by the Chongqing Morning News reporter. As a well-known observer in the LED lighting industry, Ai Jianping also said that looking at NVC's performance report net cash flow, financial status, credit 3A, brand industry first, can not deny Wu Changjiang's contribution to NVC lighting, "facts are better than Eloquent!" She told the Chongqing Morning News reporter that these are the results of all the efforts of NVC staff for 16 years.

Another reason why the industry also rumored to remove Wu Changjiang yesterday was that it was "individual suspected of gambling and owing huge debts." Ai Jianping believes that gambling in the public is a crime, "like Guo Meimei." Money playing mahjong or gambling in Macau, losing more is not illegal. She said that NVC Lighting has been the financial and legal audit of the Yan Yan School, and the internal control is very strict. Even if Wu Changjiang really lost money, he would not get the money from NVC.

However, some insiders pointed out that Wu Changjiang’s NVC lighting twice contradicted the capital policy and caused sharp conflicts. There must be some personal reasons behind it. “We must handle the control and decision-making power of the enterprises after the introduction of capital. Is a problem that more and more companies need to consider."

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