Wang Donglei: Wu Changjiang can buy back NVC Lighting shares

On August 13, Wang Donglei, chairman of Dehao Runda, said, "If Wu Changjiang has the ability, he can raise funds from the dealer alliance and acquire all the shares of NVC Lighting held by Dehao Runda."

Wu Changjiang mentioned in the press conference that he was "forced to death" by the board of directors. In this regard, Wang Donglei said that NVC Lighting was out of control. As an investor, he gave two options, either Wu Changjiang bought back the original shares or left NVC Lighting, which was not inappropriate.

Wang Donglei seemed not to take Wu Changjiang’s repeated mention of the dealer alliance seriously. Wang Donglei claimed, "Since there are dealers who have stood up once again and want to help Wu Changjiang raise funds to form a major channel alliance, it is better to raise money to buy back Wang Donglei's shares first. Isn't Wu Changjiang worried that Wang Donglei will bring down NVC Lighting?" According to the reporter's understanding, compared with the last time dealers supported Wu Changjiang, the attitude of many dealers this time is somewhat vacillating. Especially once Wu Changjiang is confirmed to owe huge gambling debts, dealers' choices may become more subtle.

Regarding Wang Donglei’s statement that he wants to transfer NVC assets to Dehao Runda, Wang Donglei responded that if he wants to transfer NVC assets to Dehao Runda, then Dehao Runda will benefit. Wu Changjiang, as the second largest shareholder of Dehao Runda, will also benefit. Yan Yan, the second largest shareholder of NVC Lighting, should be angry about this, but why does Yan Yan have no objection?

Wu Changjiang complained that as the second largest shareholder of Dehao Runda, he still does not even have a board seat. In this regard, Wang Donglei said that Wu Changjiang's private placement payment was delayed until June this year to Dehao Runda. Even if directors were to be re-elected, the time has not yet come. Moreover, directors are elected by the shareholders' meeting, and Wu Changjiang, as the second shareholder, is not certain to be elected.

Wang Donglei admitted that before the share exchange, he and Wu Changjiang signed a very detailed agreement, which included that Wu Changjiang would serve as the chairman of NVC Lighting, Wu Changjiang would control personnel appointments and removals including the president, Wu Changjiang would not interfere with the operation of Dehao Runda, Wang Donglei would not interfere with NVC Lighting, etc.

Wu Changjiang has repeatedly publicly claimed that Wang Donglei has violated the above-mentioned agreement. Wang Donglei said that this private commitment has an implicit premise, that is, Wu Changjiang will put the interests of Dehao Runda and NVC Lighting first. If Wu Changjiang has openly conveyed the interests of listed companies and used NVC Lighting's external assets to threaten the board of directors, he himself has no reason to continue to abide by this "under the city alliance."

Dehao Runda's performance has been mediocre in recent years. Wu Changjiang accused Wang Donglei of transferring light source products to Dehao Runda for production and sales in order to embellish Dehao Runda's company performance. Wang Donglei believes that since the light source of NVC Lighting can be OEM from the affiliated company of Wu Changjiang's brother Wu Changyong, why can't it be ordered from the major shareholder Dehao Runda? Dehao Runda already has a light source production line. After the two companies cooperate, they should exert synergy and integrate their product lines with each other. Whoever has the advantage in production will produce it.

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Wang Donglei: Wu Changjiang can buy back NVC Lighting shares

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