Wang Donglei responded: The other party made the first move and the video was designed

NVC Lighting’s “Palace Fight” drama is not over yet. The difference between this business war and the previous stage is that founder Wu Changjiang is still one of the protagonists, and his opponent is Yan Yan, a former partner of SoftBank SAIF Asia, who has become Wu’s former ally, Dehao Runda Chairman Wang Donglei. On the evening of August 8, NVC Lighting issued an announcement stating that the board of directors had passed a resolution to remove Wu Changjiang as CEO and would convene an extraordinary shareholders' meeting to remove Wu Changjiang from his position as executive director. Wu Changjiang's brothers Wu Changyong, Mu Yu and Wang Minghua were also removed from their positions as vice presidents. Subsequently, a video of NVC Lighting Chairman Wang Donglei leading a team to the company headquarters and having a violent physical conflict with Assistant Wu Changjiang was leaked, and there were rumors that Wang Donglei was detained by the police due to the conflict between the two parties. In response to the conflict, Wang Donglei told a reporter from the 21st Century Business Herald that Wu Changjiang's lack of cooperation in the handover eventually led to a conflict between the entourages of both parties. After being handled by the police, the personnel involved returned to their original posts and worked normally. At the same time, an insider close to the board of directors of NVC Lighting revealed to a reporter from the 21st Century Business Herald that the video of the conflict between the two parties circulating on the Internet was "deliberately designed", and the entire video was also suspected of post-processing. "The video has no sound, and the video only shows Wang Donglei and a few people. In fact, it was the people from Wu Changjiang who made the first move." said the person familiar with the matter. In fact, as Wu Changjiang and Wang Dong Lei SpearAs the conflict deteriorated further, Wu Changjiang broke with his last ally in the board of directors. In August 2012, NVC Lighting issued an announcement rejecting the request of former chairman Wu Changjiang to return to the company, and cited a series of related transactions that Wu Changjiang was suspected of participating in and leading during his tenure as chairman, saying that he tried to rely on many related transactions to hollow out the assets of listed companies. But at that time, Wang Donglei extended an olive branch to the embattled Wu Changjiang and spent HK$1.65 billion to acquire the company's equity held by Wu Changjiang. He completed the acquisition of 20% of NVC Lighting's equity and became the company's major shareholder. He promoted Wu Changjiang to the board of directors. Wu Changjiang, who had been dismissed, also returned to the decision-making level of NVC Lighting with Wang Donglei's help. After several capital battles, new plots emerged in the follow-up progress of this business war. Until August 8, an announcement from NVC Lighting announced that Wu Changjiang privately signed license agreements with three companies without the approval of the board of directors, used NVC Lighting brand rights and other improper behaviors. According to people close to Wu Changjiang, Wu Changjiang also controls a number of companies and has made huge profits by relying on the business dealings between these affiliated companies and NVC Lighting. "Wu Changjiang himself said that he has many vests, but others will not find him so easily." said the person above. In response to the relevant evidence that Wu Changjiang manipulated related-party transactions to obtain profits, Wang Donglei failed to respond directly to the questions of the 21st Century Business Herald reporter. Wang emphasized that he and Wu Changjiang did notDue to personal grievances and conflicts, his removal from office was a unanimous decision of the board of directors. It is worth noting that on August 9, Wu Changjiang responded to Tencent Finance and stated that the reason for the conflict between the two parties was that Wang Donglei tried to transfer the core products of NVC Lighting to Dehao Runda controlled by Wang Donglei. As the founder, he tried to stop Wang Donglei which led to the conflict. Wang Donglei denied this and said that the transfer of assets requires a resolution by all members of the board of directors, and Wu Changjiang's remarks are false. At the same time, Wang Donglei also emphasized that he had always trusted Wu Changjiang after helping him return to the board of directors, but the conflict between the two sides completely broke out three weeks ago. "Three weeks ago, I learned three things that completely shocked me about the whole thing. First, I knew that Wu Changjiang was addicted to gambling and owed 400 million in gambling debts. Second, he planned to disintegrate the company's supplier chain. Third, he concealed the fact that the board of directors signed a 20-year agreement with three companies. These three things broke the bottom line and principles." Wang Donglei said.