NVC renewed its resurgence. The company announced at noon on August 29 that due to disagreement over the company's future strategic direction, the company's independent non-executive director Alan Russell POWRIE announced his resignation from NVC's position. This is one month. Within the company's second independent director resigned, Karel Robert den Daas announced his resignation on August 9.
In addition, the company's vice president Xu Fengyun, non-executive director Xu Mingyin resigned, NVC lighting has resigned four executives within a month.
At present, there are only five members of the board of directors of NVC Lighting, which are not in compliance with the requirements of the Hong Kong Stock Exchange. The company indicated that it will select the right people to join the board of directors on the same day to comply with the listing requirements.
At the same time, although the outside world repeatedly reported the return of Wu Changjiang, as of the time of publication, NVC Lighting did not issue a definitive announcement. “Wu Changjiang’s return requires a resolution from the board of directors, and it is necessary to discuss a package of issues and reach an agreement on many issues,†said a person who has an entrepreneurship. “But Wu Changjiang’s return, or will be announced recently.â€
On August 29, NVC's share price closed at HK$1.33 per share, down another 5%.
The NVC board of directors announced on August 29 that the company's Alan Russell POWRIE resigned as an independent non-executive director, chairman of the audit committee, member of the remuneration committee and member of the nomination committee. Recently, Mr. Xu Mingyin, the managing director of the direct investment department of Goldman Sachs (Asia) Co., Ltd., resigned from NVC. She has submitted her resignation to the NVC board of directors on August 24, and resigned as a non-executive director. It also took effect on the same day. In addition to Karel Robert den Daas and Xu Fengyun who resigned earlier, NVC Lighting has resigned three directors and one executive within a month. However, the final outcome of the company’s guilt has not yet appeared.
Previously, when the former independent director of NVC, Karel Robert den Daas, resigned, Wu Changjiang once said that Weibo expressed regret that he left. However, recent times including Xu Mingyin and Alan Russell POWRIE's resignation, Wu Changjiang did not express their attitude.
At present, NVC's board of directors has five members, namely executive director Mu Yu, non-executive director, Lin Heping, Zhu Hai, and independent non-executive director Wang Jinxi. Among them, Yan Helin peace comes from Softbank Saifu, and Zhu Hai comes from Schneider.
At this point, NVC Lighting has not met the Hong Kong Stock Exchange's securities listing rules at this stage. The Board of Directors stated that it will seek suitable candidates to appoint independent non-executive directors and members of relevant committees to meet the listing requirements.
In the interim report released by NVC, the sales revenue of the company's lighting products in the first half of the year was 126 million yuan, down 16.9% year-on-year. The light source products were 109 million yuan, up 29.3% year-on-year, while the lighting electrical products were 20.52 million yuan, down year-on-year. 33.1%. In the first half of this year, the company's domestic sales fell by 17.4% year-on-year, mainly due to the slowdown in domestic economic growth and the resignation of former chairman Wu Changjiang.
Originally including the management of NVC, many parties have confirmed the news that Wu Changjiang will return. At the same time, NVC Lighting's share price has risen for 6 consecutive days since August 20. On August 27th, He Jun, who tried to promote the revolution of the minority shareholder, told reporters that Wu Changjiang and Yu had reached an agreement and Wu Changjiang would return soon.
But on the evening of August 27th, the board of directors of the company poured a cold water on the outside world. The board of directors announced that although Wu Changjiang and Yu were in private contact, the board of directors did not reach an agreement on Wu Changjiang's role in the company. Affected by this news, on August 28, NVC's share price went straight, down nearly 8%.
Although Wu Changyun, the core team of Wu Changjiang, confirmed to return to NVC, Wu Changjiang still has not heard the news. He Jun said that “Wu Changjiang’s return requires two goals, one is the company’s normative governance, and the other is to restore productivity. This requires the board to agree on many details.â€
In addition, the company's vice president Xu Fengyun, non-executive director Xu Mingyin resigned, NVC lighting has resigned four executives within a month.
At present, there are only five members of the board of directors of NVC Lighting, which are not in compliance with the requirements of the Hong Kong Stock Exchange. The company indicated that it will select the right people to join the board of directors on the same day to comply with the listing requirements.
At the same time, although the outside world repeatedly reported the return of Wu Changjiang, as of the time of publication, NVC Lighting did not issue a definitive announcement. “Wu Changjiang’s return requires a resolution from the board of directors, and it is necessary to discuss a package of issues and reach an agreement on many issues,†said a person who has an entrepreneurship. “But Wu Changjiang’s return, or will be announced recently.â€
On August 29, NVC's share price closed at HK$1.33 per share, down another 5%.
The NVC board of directors announced on August 29 that the company's Alan Russell POWRIE resigned as an independent non-executive director, chairman of the audit committee, member of the remuneration committee and member of the nomination committee. Recently, Mr. Xu Mingyin, the managing director of the direct investment department of Goldman Sachs (Asia) Co., Ltd., resigned from NVC. She has submitted her resignation to the NVC board of directors on August 24, and resigned as a non-executive director. It also took effect on the same day. In addition to Karel Robert den Daas and Xu Fengyun who resigned earlier, NVC Lighting has resigned three directors and one executive within a month. However, the final outcome of the company’s guilt has not yet appeared.
Previously, when the former independent director of NVC, Karel Robert den Daas, resigned, Wu Changjiang once said that Weibo expressed regret that he left. However, recent times including Xu Mingyin and Alan Russell POWRIE's resignation, Wu Changjiang did not express their attitude.
At present, NVC's board of directors has five members, namely executive director Mu Yu, non-executive director, Lin Heping, Zhu Hai, and independent non-executive director Wang Jinxi. Among them, Yan Helin peace comes from Softbank Saifu, and Zhu Hai comes from Schneider.
At this point, NVC Lighting has not met the Hong Kong Stock Exchange's securities listing rules at this stage. The Board of Directors stated that it will seek suitable candidates to appoint independent non-executive directors and members of relevant committees to meet the listing requirements.
In the interim report released by NVC, the sales revenue of the company's lighting products in the first half of the year was 126 million yuan, down 16.9% year-on-year. The light source products were 109 million yuan, up 29.3% year-on-year, while the lighting electrical products were 20.52 million yuan, down year-on-year. 33.1%. In the first half of this year, the company's domestic sales fell by 17.4% year-on-year, mainly due to the slowdown in domestic economic growth and the resignation of former chairman Wu Changjiang.
Originally including the management of NVC, many parties have confirmed the news that Wu Changjiang will return. At the same time, NVC Lighting's share price has risen for 6 consecutive days since August 20. On August 27th, He Jun, who tried to promote the revolution of the minority shareholder, told reporters that Wu Changjiang and Yu had reached an agreement and Wu Changjiang would return soon.
But on the evening of August 27th, the board of directors of the company poured a cold water on the outside world. The board of directors announced that although Wu Changjiang and Yu were in private contact, the board of directors did not reach an agreement on Wu Changjiang's role in the company. Affected by this news, on August 28, NVC's share price went straight, down nearly 8%.
Although Wu Changyun, the core team of Wu Changjiang, confirmed to return to NVC, Wu Changjiang still has not heard the news. He Jun said that “Wu Changjiang’s return requires two goals, one is the company’s normative governance, and the other is to restore productivity. This requires the board to agree on many details.â€
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