Wu Changjiang went to Chongqing to communicate with suppliers and demanded to resume supply

Faced with the situation that suppliers are out of supply, employees want to disperse, and the dealer system is going to fall apart, Wu Changjiang, founder and former chairman of NVC Lighting (02222.HK), has recently rushed to several factories to appease workers and work with Chongqing headquarters and Supplier communication to avoid "crash."

At the communication meeting with suppliers in Chongqing, some people agreed to supply to Wu Changjiang's “special shareholder meeting”, while others continued to confess for various reasons.

However, after an hour of communication, Wu Changjiang hurriedly left the scene. According to reporters from the relevant personnel of NVC Lighting, a major person in charge of Chongqing City met him on the afternoon.

This is the first time that a major official in Chongqing has met with Wu Changjiang after the NVC storm. This also means that NVC Lighting, which is in a crisis of operation, is expected to usher in a turnaround.

Reassuring employees and operations teams was the first thing Wu Changjiang did yesterday, but the bigger challenge came from suppliers.

On the afternoon of the 20th, Wu Changjiang met with dozens of suppliers of the company. This is the third move of Wu Changjiang to avoid the collapse of NVC. The purpose is to be the founder of NVC Lighting and the identity of the major shareholder. Ten suppliers looked at his personal face and resumed supply of NVC lighting.

A supplier said in a communication meeting with Wu Changjiang that after they issued a contact letter to stop the supply, NVC Lighting’s “current” board of directors issued a message saying that the supplier who has stopped supplying is currently proposed. It accounts for only 20% of the total number of NVC lighting suppliers.

“I don’t know how to do it. I am the largest supplier of lighting components in China. Our 48 suppliers account for 60% of the total supply of lighting components in the country. We don’t supply it, then you can’t live in this industry. "A supplier in August 20 said with anger and anger, "You can't get out of a trademark without a trademark, let alone the main parts to give you a confession."

However, these suppliers claim that these voices are still unlikely to cause the attention of NVC Lighting's current actual controllers, a group of fund managers.

The communication will be opened. Some people agreed to supply Wu Changjiang’s “Special Shareholders’ Meeting”. Others said that they have multiple downstream channels and do not rely on NVC Lighting to make a living. .

The communication that was originally expected to start at 4 pm on the same day was advanced to 2 pm, and an hour later, Wu Changjiang hurriedly left.

The reporter learned from relevant persons of NVC Lighting that a principal person in charge of Chongqing met with him.

A dealer said, "If the local government does not intervene, letting its shareholders consume internal friction, it will be detrimental to the local investment environment. If the local government intervenes in mediation, the shareholder dispute of NVC will have a fundamental turnaround."

Of course, this is only possible, at least for now.

"If there is chaos in our production, what will happen to the strike? There will be fakes, and there will be sales (sales channels) selling other brands, there will be a collapse, even if I come back, it will be difficult to end."

On the 20th, Wu Changjiang said in a conference room on the 26th floor of the NVC Chongqing Headquarters Building that he said with a pause and paused. "Now, it should be calm."

Wu Changjiang recently went to Guangzhou Huizhou and Chongqing Wanzhou to appease factory workers as the founder of NVC Lighting and as a major shareholder. His intention is to stabilize the staff and management of NVC Lighting Headquarters.

The NVC lighting crisis began on May 25 this year. On this day, Wu Changjiang signed an application from the company's lawyer to resign as NVC Lighting's chairman and CEO.

However, Wu Changjiang’s “resignation and hedging” game has quickly evolved into a dispute over the control of NVC Lighting. Wu Changjiang has no advantage because of holding shares. After the case investigation of the relevant cases is basically clear, Wu Changjiang, who is safe and sound, has lost. Regaining the opportunity of NVC lighting - the founder could not even enter the board of directors, but also lost the command of the old department because of the CEO's substitution.

As for the management and employees of the company, Wu Changjiang is expected to win more operating space for them. It is only a luxury for the time being, because Wu Changjiang is now an "outsider." Wu Changjiang said that at least everyone hopes to stay after the "special shareholders meeting."

Wu Changjiang said to his old department on the 20th that "(if you) were dug away during this time, and was tempted by money and interests. After I came back, I became a loner and a light pole commander. How do we work? If we are chaotic However, more than 3,000 of our channel vendors sell other brands, which is a very serious consequence."

One employee said that Wu was right, but now he said "no", and the right to speak is in the hands of the board of directors of the capital side.

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