Wu Changjiang reverts to it: NVC's "perfect" ending

"I just learned WeChat. It's very interesting." He said, dialing the phone.

"You add me, I know." Wu Changjiang responded.

"How did you not give me back?"

On September 29, the day before the Mid-Autumn Festival, a small meeting room on the third floor of a hotel in Zhongguancun, Beijing. Wu Changjiang, the founder of NVC Lighting (02222.HK), Founding Managing Partner of Saif Investment Fund, and Zhu Hai, President of Schneider Electric (China) Co., Ltd., the three leading players of “NVC storm” in the past few months Together.

Wu Changjiang has “returned” to NASA for nearly a month. The largest lighting company in China has “returned to God” from the brink of collapse and is now on the right track. It is time to make a thorough break from the past storms and tell the outside world that NVC has returned to stability.

This pair of partners who have been hailed as "inconsiderable" is now "privately talking" because they are actually people sitting on the same boat.

The struggle to restore vindictiveness "NVC storm" was once misunderstood as foreign competition for national brands. On May 25 this year, Wu Changjiang suddenly resigned because he assisted in the investigation of a NVC consultant in Chongqing. Youkai and Zhang Kaipeng from Schneider Electric took over as the chairman and CEO of NVC respectively. As of July, Wu Changjiang assisted in the investigation, but he was still unable to return to NVC's board of directors. The "conspiracy theory" was once awkward. It is speculated by the outside world that foreign investors are eager to compete for control of NVC from the founders.

The party denied the "conspiracy theory." Wu Changjiang admitted that Schneider Electric had originally introduced NVC as a strategic investor. "We have no regrets so far." Schneider Electric dispatched people to do management diagnosis for NVC. It was also invited by NVC and paid a consulting fee of 1 million yuan.

"We have not had any conflicts of interest and power between the three parties." Zhu Hai said, so there is no rebalancing of power. If the company is likened to a car, the main operator is the driver of the car. "Schneider Electric is in NVC's 'drive without driving'" because the car itself has a good driver and team.

So why did the three parties get arrogant? He recalled that the outside world thought that Schneider Electric must seize power. In fact, Zhang Kaipeng was appointed on May 25th. Two other colleagues with a background in Schneider Electric have already entered NVC. This is the result of discussions between Wu Changjiang and Zhu Hai. Among them, Li Ruiyuan is the best person for Schneider Electric's international sales business.

“At the beginning, we also had negligence.” He admitted that Schneider Electric had strengthened NVC's institutionalized management, made business consulting, conducted internal audits, and wrote more than 100 pages of reports. “I didn't think that the staff responded so much: Schneider Electric sent a team to send so many people to visit and enter NVC! Why would anyone say that the national brand was invaded? We also had a place where we didn’t think about it well enough to make staff misunderstand. ."

The Safari Fund did not think that the ownership of the shares held by NVC was transferred to Schneider Electric. He said, "We have never discussed this topic."

Wu Changjiang also frankly stated that many things that have happened in the past few months are misunderstandings and lack of trust. In fact, the three parties used the same strategy and philosophy in the past. "We did not have major disputes, and ignorance caused the company to have some civil unrest."

As for why Wu Changjiang has not been able to return to NVC's board of directors for a long time, he said that “the theory of foreign capital seizing power” is a lack of understanding of the procedures of listed companies. Wu Changjiang has procedures from resignation to return. Every time the media reports, the Hong Kong Stock Exchange requires clarification. Before clarification, Wu Changjiang could not be arranged to return. Before August, the independent investigation committee set up by NVC's board of directors did not complete the investigation of related matters, so there was no way to get Wu Changjiang back. “Even today, the legal process of Wu’s return to the board of directors has not yet been completed. For example, it is still necessary to hold an extraordinary general meeting of shareholders.”

“In objective terms, the past was not for power. It was actually grudge. The character of us (referring to him and Yao) is relatively strong.” Wu Changjiang said, “Later we all calm down, we reflect on it, reflect on it, think why we, everyone. All of them are socially responsible people. For NVC and our employees, we have this responsibility. If we are troubled, it will be bad for the company and the employees."

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