Tripartite negotiations are deadlocked

The board of directors of NVC held a teleconference on the morning of the 25th to discuss the return of founder Wu Changjiang. NVC lighting executives revealed that the meeting did not conclude on whether Wu Changjiang returned or not. "The result of the meeting is that there is no result." The management of NVC, represented by Wu Changjiang, and the second and third major shareholders, Softbank Safran and Schneider, have reached a stalemate. Continue to talk tomorrow."

NVC dealers said that the negotiations were not pleasant and the results were not optimistic. Before Friday, the dealer alliance will announce the new brand name and complete the brand registration next Monday.

The board continues to talk
NVC executives revealed that the meeting yesterday mainly discussed whether Wu Changjiang was returning, but did not reach an agreement. "There is no fruit for the time being, and I will continue to talk tomorrow."

According to reports, recently Wu Changjiang and Softbank Saifu partner, the current chairman of NVC Lighting, and the three shareholders Schneider have been in contact. In the early stage of negotiations, the employer revealed a welcome attitude toward the return of Wu Changjiang. However, in the past two days, the attitude of the employers has turned sharply and the tripartite talks have not been smooth. "They have changed their attitudes toward General Wu. The previous talks with Mr. Wu did not admit it." He even accused rumors. No letter, "The words are not counted, and the change will change. In the face of interests, he can tell others that he did not say, Wu Zong was Zhu and Zhu Hai (the president of Schneider China)."

There are also people in the NVC who believe that the recent strikes by NVC staff and the resurgence of dealers have caused a series of actions, such as Saifu and Schneider, to recognize Wu Changjiang’s “energy”, but even more taboo, that Wu will not have a foothold once he returns. The place, and thus the attitude has been repeated.

After the meeting, he said in an interview that the board of directors did not reach an agreement, and when the listed company needs to make an announcement, they will issue an announcement. "I can't say anything now, we won't talk like some people."

Schneider said that as a minority shareholder, Schneider respects the decision made by the board of directors. The management did not respond to whether or not he hoped that Wu Changjiang would return and whether he would withdraw.

Dealer "I know the situation is not good"

"I received the news that the board meeting was over in the morning, but the results were not announced. Afterwards, someone told us to speed up the pace of the new brand, I know the situation is not good." A Chongqing dealer revealed that the board of directors negotiated Not happy, the result is not optimistic.

NVC dealer Mr. Zhou told reporters that the new brand is in the midst of preparations. At present, the new brand's nuclear name has been passed. A total of more than 10 brand names have been reported before. Now we have passed 5 reviews, and they will choose the most suitable name among the 5 names. Before Friday, the new brand will be announced, and the brand registration will be completed next Monday, and the new brand operation will be officially launched. He said that 3,600 dealers nationwide did not support it. "People are very powerful, we are very confident."

It is reported that the registered capital of the new brand is 50 million yuan. It is planned that each dealer will invest 10 million yuan, and a total of more than 300 million funds will operate the new brand. At that time, Wu Changjiang will be invited to preside over the overall situation. At present, NVC dealers and suppliers have extended an olive branch to the NVC core team, and many domestic lighting companies have also launched a corner for NVC core employees.

Some of the NVC middle-level confirmed that not only dealers, but also the headhunters of the lighting industry are inviting to join the NVC backbone. Everyone is trying to find a way out. "If Wu does not return, Schneider does not withdraw, I will definitely leave."

Tomorrow dealer Zhongshan meeting
The reporter was informed that the dealer alliance preparatory team will hold a meeting in Zhongshan on the 27th (this Friday), one to discuss the operation of the new brand; the second is to inspect the factory. Some dealers told reporters that there are many factories in Zhongshan and Dongguan, and they have done OEM production for NVC. These factories are very interested in cooperation with new brands. “The board of directors said that we will reply to us on August 1st, then we will announce all the details of the new brand to the media on August 2nd.”

Li Guanlu, president of the Dealers Alliance, is not optimistic about the outcome of the board meeting. "We were not eligible to participate in the morning meeting. Wu did not seem to participate. What do you say?" But he said that if the board decides to let Wu return and regain the NVC, they will renegotiate the new brand. "Creating a new brand is also forced to help. The board does not matter, we have to live, we can only save ourselves."

When talking about the return of Wu to the change of life, Li said that he was very angry. He said that he only knows about investment, does not understand management, and does not know how to be popular. All dealer suppliers hope that Wu will return. "Mr. Wu regards us as our own people, and we will only take money to pressure us."

As of press time, NVC Lighting (2222.HK) is still suspended, and the HKEx has not issued a new notice for NVC.

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