Snow Wright's equity dispute and the original executive's court


The company wants to recover the dispute arising from the equity of the former deputy general manager. The Nanhai District Court will open the case on December 17.

Recently, Guangdong Xuelaite Optoelectronics Technology Co., Ltd. issued a notice saying that the company received the (2007) Nanmin Erchuzi No. 2068 "Responsibility Notice" delivered by the Nanhai District People's Court of Foshan City on October 29. "Subpoena" and "Civil Complaint", the notice said that at 9:00 on December 17, 2007, the Nanhai District People's Court held a hearing on Li Zhenghui's lawsuit against the company. Shelbright said that he would respond.



The equity gift dispute has not yet been completed



It is reported that on September 29, the board of directors of Shelley received a letter of intent from the controlling shareholder Chai Guosheng, stating that due to the failure of the company's shareholder and former Deputy General Manager of the company, Li Zhenghui, to fulfill the relevant agreement and the commitments made, the two parties had a share-grant dispute. He also stated that Chai Guosheng filed a civil lawsuit against Li Zhenghui against the Guangdong Provincial Higher People's Court, demanding that Li Zhenghui return 5,223,886 shares of the company's shares and compensation for economic losses of 1,78,208,0.45 yuan to Chai Guosheng. The total amount of the above two claims is 1084,46,502.55 yuan. And bear all the costs of litigation.



It is also reported that as part of the proceedings, Chai Guosheng has filed an application for property preservation with the People's Court. The application has been approved by the Guangdong Higher People's Court and has been actually implemented. The ruling has sealed down and frozen the company stock held by Li Zhenghui 6186180. Stocks and other assets. To this end, the ruling also sealed up and frozen 7,000,000 shares of the company held by Mr. Chai Guosheng as a property preservation guarantee.



According to insiders, Li Zhenghui originally held a key position in Yunnan Tin Industry Co., Ltd., and he was known as a "sales wizard". He entered Chai Guosheng's company in 2000, first as an assistant to Chai, and as a deputy general manager of the company in 2001, specializing in sales. Until leaving Snowlight. According to insiders, during his tenure, Li Zhenghui contributed to the development of Shell, and Chai Guosheng also gave him a 4.5% stake before the company went public in order to repay.



It is said that Shellett’s request for the withdrawal of the shares of the gift was due to Li Zhenghui’s failure to comply with the relevant agreement and its commitments, and another insider claimed that the contract was not expired.



Li Zhenghui was called the unknown and was resigned



Who knows that the wave of unrest has arisen, and when the company’s equity gift dispute has not been resolved, Shelley was sued by former senior executive Li Zhenghui, requesting the revocation of a board resolution two months ago.



Li Zhenghui said that he previously held the position of director and deputy general manager at Shelley, but Shellett held a board meeting on August 27, 2007. In the case of 9 directors (including Li Zhenghui), only the rest were notified. Eight people attended the meeting and did not inform Li Zhenghui himself. Li Zhenghui said that this was because he completely unknowedly passed the so-called board resolution, decided to let Li Zhenghui resign as director and deputy general manager, and that Snow Wright unilaterally lifted the labor contract relationship with Li Zhenghui, and in August. The announcement was posted on the website on the evening of the 27th.



Li Zhenghui said that in the absence of notification to him, Shelley violated the lawful board meeting, infringing on his legitimate rights and interests as a director, in violation of Article 113 of the Company Law. Li Zhenghui said that in order to safeguard his own rights and interests, he specifically filed a lawsuit with the court in accordance with the provisions of Article 22 of the Company Law, and revoked the resolution of Shell.
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