Wang Donglei said that Dehao Runda will not transfer NVC equity. NVC and ten operating centers support the board of directors.

NVC Lighting (2222.HK, hereinafter referred to as NVC) is in a storm, and the situation is positive for Wang Donglei. He said on the 14th that Dehao Runda, a major shareholder of NVC, "has no plans to sell NVC stocks" and will not sell them to Wu Changjiang.

On the 14th, there were ten NVC operations centers supporting the new management of NVC, led by the Board of Directors and Wang Donglei, including distributors in Datong, Inner Mongolia, Ningxia, Dalian, Chongqing, Jingzhou, Huizhou, Heyuan, Hainan and Shanxi.

On August 12th, dealers in Beijing, Nanjing, Liaoning, Shandong, Fujian, Guangxi, Shenzhen, Guangzhou and other places have signed the statement supporting the NVC board of directors, covering the largest number of NVC sales in the country. The provincial operations center, their total sales accounted for more than 80% of the total sales of NVC.

Gradually get dealer support, NVC chairman and temporary CEO Wang Donglei, seems to be more emboldened. For the rumor that Dehao Runda may sell its shares of NVC to Wu Changjiang, Wang Donglei said at a press conference in Hong Kong today that Dehao Runda has no plans to sell NVC stocks. "I believe that Mr. Wu Changjiang did not Any capital strength can be bought, and secondly, the responsibility of protecting the interests of the majority of shareholders, I can be responsible, saying that even if Dehao Runda sells stocks in the future, it should not be sold to Mr. Wu Changjiang."

However, the negotiations for the resumption of work at Wanzhou Base were stagnant. Zhang Hongfei, the manufacturing director of NVC Chongqing Wanzhou Base, told the “First Financial Daily” reporter that today, due to the business trip of Zhang Wanyu, the general manager of Chongqing Wanzhou Base, the resumption of work negotiations with Wang Donglei was temporarily cancelled.

Wang Donglei said that Wu Changjiang still controls the NVC Chongqing headquarters. The financial chapter and business license are still under his control. At present, corresponding measures have been taken to make the bank's important funds as big as possible. The Wanzhou factory is now also being Wu. The Yangtze River and his interests are in control. "We are communicating with them through the local government and doing everything we can to protect the interests of the company and its shareholders."

NVC's founder and former CEO Wu Changjiang is in a passive situation. In addition to privately giving 20 years of NVC brand authorization to affiliated companies, he was also accused of setting up a division in NVC this year to "go through one layer" in product distribution. Profit, while his younger brother Wu Changyong is responsible for purchasing, and linkage with affiliated companies has also “over the water”.

However, a NVC insider close to Wu Changjiang told this reporter that if the profits of NVC can be guaranteed, the affiliates will also have money to make money, indicating that the cost control is good.

Instead, he accused Dehao Runda of turning NVC's light source business to the past, and also looking for outside suppliers, high prices, poor quality, and NVC dealers did not like it. Moreover, Dehao Runda's LED chips are more expensive than other domestic chips of comparable quality, and the price of Cree's chips is only five percentage points. "If Wang Donglei takes over the disk, NVC will no longer be the original NVC."

Wu Changjiang announced that he still has 2.54% of the shares of NVC, but Wang Donglei said, "Our company secretary is currently unable to find the shares he claims to own. The company secretary has sent a letter to him asking him to prove his claim of 2.54% of the shares. In fact, the company's major shareholders, including our first few largest shareholders, unanimously supported the board's resolution (referring to the removal of CEO Wu Changjiang)."

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