NVC Lighting Memorabilia and Capital Road

â—Ž At the end of 1998, Wu Changjiang invested 450,000 yuan, and Du Gang and Hu Yonghong each invested 275,000 yuan to establish NVC Lighting.

◎ In 2005, Wu Changjiang was forced to sell all the shares and took away 80 million. Subsequently, all the dealers “turned the wrong” and asked Wu Changjiang to regain the business. The other two shareholders were forced to take 80 million yuan each to leave.

â—Ž In 2006, Wu Changjiang turned to Liu Chuanzhi for help. Liu introduced Ye Zhiru to lend $2 million to NVC.

â—ŽIn June 2006, Maojian Jianli attracted Chen Jinxia and other three people to invest 4 million US dollars, plus their own funds of 4.94 million US dollars and consulting fees to convert 1 million US dollars, a total of 9.94 million US dollars, purchase 30% of NVC lighting, after It is divided into 10% of Chen, Wu and Jiang, accounting for 20%.

◎In August 2006, Mao’s Jianli Matchmaking Asia Investment NVC Lighting was US$22 million, accounting for 35.71%, close to Wu’s 41.8%.

â—ŽIn August 2008, Goldman Sachs invested US$37 million in NVC Lighting, and Safran Asia increased its capital by US$10 million. The total shareholding ratio reached 30.73%, surpassing Wu, which holds 29.33% of the shares, becoming the largest shareholder.

â—ŽOn May 22, 2010, NVC Lighting was listed in Hong Kong. The shares of Safran Asia were diluted from 30.73% to 23.41%. The shares held by Goldman Sachs were diluted from 9.39% to 7.15%, but Safran Asia Boss and Wu Changjiang were old. The pattern of the second has remained unchanged.

â—ŽIn July 2011, Schneider Electric obtained a 9.2% stake in the company from the 6 shareholders of NVC Lighting and became the third largest shareholder.

â—Ž At the end of 2011, Safran Asia, Wu Changjiang, Schneider Electric and Goldman Sachs held approximately 18.3%, 15.9%, 9.1% and 5.6% of the shares of NVC.

â—ŽOn May 25, 2012, NVC Lighting announced that the company's founder Wu Changjiang had resigned from the company for personal reasons. The company's non-executive director, the founding partner of Safran Asia Fund, took over as chairman, and Zhang Kaipeng from Schneider Electric took over as CEO.

â—Ž On July 13, 2012, NVC lighting employees, distributors and suppliers supported the return of Wu Changjiang.

â—Ž On August 15, 2012, NVC Lighting issued an announcement on the same day, saying that it is not appropriate to re-appoint Wu Changjiang as the chairman and director of the company.

â—Ž On September 4, 2012, NVC Lighting issued an announcement stating that Wu Changjiang was appointed as the person in charge of the temporary operation committee.

â—Ž At the end of 2012, Wu Changjiang transferred approximately 11.8% of the shares of NVC Lighting to Dehao Runda, retaining a 6.79% stake. Dehao will hold a 20.05% stake in NVC Lighting and become the largest shareholder of NVC Lighting, with a total investment of HK$1,654 million (approximately RMB 1.343 billion); Safran Asia and Schneider Electric, headed by Germany They are the second and third largest shareholders of NVC Lighting, holding 18.48% and 9.21%.

â—ŽIn April 2014, Wu Changjiang transferred 215 million shares to Dehao Runda, accounting for 6.86% of the issued share capital of the Group. After the completion of the share transfer, Wu Changjiang only holds 79.30 million shares of NVC Lighting, accounting for 2.54% of the total share capital, while Dehao Runda holds 8.4 million shares of NVC Lighting, accounting for 27.1% of the shares. NVC Lighting's largest single shareholder.

â—Ž On June 13, 2014, Dehao Runda announced that Wu Changjiang holds 130 million shares of Dehao Runda, with a shareholding ratio of 9.31%, which is the second largest tradable shareholder, second only to Wuhu Dehao Investment Co., Ltd. 24.73% of the shareholding.

â—Ž On August 8, 2014, NVC Lighting announced that the board of directors had dismissed the position of CEO of Wu Changjiang and appointed Wang Donglei as interim CEO. He proposed to convene an interim shareholders meeting to remove the position of executive director of the company.

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