NVC lighting executives revealed that Wu Changjiang had "return" and only "procedures".

The exclusive disclosure of "NVC lighting results in this week" has become a fact. Yesterday, the reporter learned from NVC Lighting Executives that under the pressure of employees, dealers and suppliers, Schneider finally "compromise." Zhu Hai, President of Schneider China, "I hope that the founder Wu Changjiang will return, NVC lighting will return to the normal operation track", and Zhang Kaipeng, the CEO of Schneider, and the current NVC CEO, "will also show that he is willing to leave NVC lighting and calm down the NVC. The dispute between employees and investors,” Li Rui, the vice president of the executives with Schneider’s background, and Li Xinyu, the general manager of the overseas business, did not make a clear statement, but Li Rui’s office was “siege” yesterday, and Li Xinyu was also sent out. It is no longer a big suspense for Schneider to withdraw from the management of NVC.

A senior executive of NVC Lighting, who did not want to be named, told the reporter last night that Schneider believed that he had never planned to interfere with and control NVC lighting. It was only a strategic investor of NVC Lighting, and Schneider supported Wu Changjiang's return.

Schneider believes that Zhang Kaipeng entered NVC lighting after leaving Schneider, and was interviewed by NVC's board of directors, and there is no direct contact with Schneider. The executive said that Zhang Kaipeng has indicated his willingness to leave NVC lighting to quell the dispute between NVC staff and investors.

Resumption of trading failed or due to negotiation

NVC Lighting announced on the Hong Kong Stock Exchange yesterday that the distributors and suppliers have made a number of requests, including the re-election of Wu Changjiang as the company's chairman and executive director, and some members of NVC's existing management team. It should be replaced. Distributors and suppliers have indicated that if the board is unable to meet their requirements, further action will be taken. Among the “unfavorable actions” that have been taken so far, employees strike at two factories in NVC and Chongqing offices and some distributors have suspended orders.

The analysis pointed out that it was the above-mentioned pressure exerted by Schneider that Schneider had to accept the plan of "Wu Changjiang's return and Schneider's withdrawal from management".

NVC Lighting applied to the Stock Exchange for a resumption of trading in the afternoon yesterday, but eventually continued to suspend trading, "until further notice". NVC Lighting announced in the evening that the company's shares will continue to suspend trading, "to be issued an announcement of other price-sensitive information."

A source believes that NVC's "unsuccessful" resumption of trading is most likely because the parties reached a consensus on Schneider's withdrawal from management.

The newspaper had previously disclosed that Wu Changjiang, Yan and Zhu Hai had conducted close consultations and expected that an agreement would be reached this week. Authoritative sources told this reporter yesterday that the three people had communicated again yesterday. At present, the difference between Wu Changjiang and Yu is not big. Wu Changjiang’s return is only a matter of procedure, and Schneider’s final compromise has also made him soar. The "compromise plan" is completely ancient.

Previously, in the “compromise plan” widely circulated in the industry, “Wu Changjiang returned, Schneider left” is the core point. However, a senior executive of the NVC Lighting Operations Center told this reporter yesterday that “it is impossible to have a compromise plan”, “all employees will not recognize this plan”, he believes that Schneider’s executives will leave the company now. The next operation caused "hidden dangers."

Yesterday, Zhang Kaipeng and Li Rui’s offices were blocked by employees. At the “urging book” posted at the door of Zhang Kaipeng’s office, the staff asked Zhang Kaipeng to leave NVC immediately.

Another Schneider-based executive, Li Xinyu, was also released for the departure. The reporter learned from reliable sources that Li Xinyu’s secretary has started consulting the procedures for retiring the company’s housing on Monday. Li Xinyu responded to this newspaper yesterday saying that he is still using the house arranged by the company and has not retired. However, he did not respond to whether to renew the housing arrangements arranged by the company in the second half of the year.

Schneider’s “departure” remains controversial

In July last year, Schneider became a strategic investor and invested in NVC Lighting, spending HK$1,275 million to acquire 9.13% of NVC Lighting at a price of HK$4.42 per share, becoming the third largest shareholder. However, after Wu Changjiang resigned, the new president Zhang Kaipeng was questioned by Wu Changjiang because of his Schneider and his alumni status. Since then, a series of personnel arrangements within NVC, Zhu Hai, President of Schneider China, and Li Xinyu and Li Rui from Schneider are in charge. This led to Schneider's questioning gradually surpassing NVC Lighting's second largest shareholder, Safran Investment, which was accused of "who wanted to annex NVC's biggest conspiracy."

A senior official of NVC pointed out that Zhu Hai was unwilling to evacuate the senior management of NVC in order to control the production and operation channels of NVC.

However, in the face of the fierce behavior of employees, sources pointed out that Zhang Kaipeng, Li Rui and Li Xinyu have no space to stay, "can not continue to work after staying." If Schneider insists on not withdrawing, the emotions of employees, dealers and suppliers cannot be appeased, and the production and operation of NVC cannot be restored. The result must be a total loss. In this context, Schneider chose to quit, both rational and helpless. After all, only the managers were withdrawn, and the equity income was still secured.

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