Reinventing the Millennium

Compared with the seriousness, anxiety and uneasiness at the beginning, the atmosphere in the conference room of Yike 23 has improved somewhat.

Wang Ningguo's failure to be elected as director has become an established fact that shocked everyone. However, further analysis and speculation indicate that there may be a subsequent battle for the position of chairman among major shareholders. It is inevitable that shock will lead to sadness and anger.

The shareholders' meeting on the 29th did not discuss the ownership of the chairman, but only approved Zhang Wenyi's director seat. Is Datang really going to brave the world's disapproval and seize this position again on the 2nd?

Compared with Wang Ningguo's "Executive Director", Zhang Wenyi's "Chairman" may have more symbolic meaning. He didn't have much communication with SMIC before. He joined SMIC this year after being invited by Dr. Jiang, an old Tsinghua classmate. Being willing to help stabilize the situation is a true last resort.

However, after such prediction, the actions that Mr. Fang had to take followed.

Appoint the chairman first.

Convene an extraordinary general meeting of shareholders again.

It's useless to just express your emotions. Whether you want to intervene to help appoint the chairman or convene an extraordinary shareholders' meeting to intervene, this is a direct step forward and more exciting.

Fang Zhuo had thoughts running through his mind and drank half a cup of tea. When he looked up again, he saw that the senior executives of SMIC were still looking at him.

He pondered for a moment and expressed his general opinion on how to deal with this matter: "Once the situation of the shareholders' meeting comes out, the outside world will be full of doubts, and the internal people will also be turbulent. No matter from which level, we should handle it as quickly as possible. Let the core stabilize again."

"From now to the 2nd, Datang may also contact you to discuss their ideas and plans, their integration strategy, and may even release a conciliatory attitude and ambiguously indicate the ownership of the chairman."

Fang Zhuo frowned and spoke from his experience: "But once this kind of thing is started, it will not stop. Don't take chances and think that they will elect Mr. Zhang on the 2nd. The opposition within the company itself is also a big one." kind of strength.”

He wanted to sort out the situation first, lest he was still busy over there and there was an internal defection here, which would lead to embarrassment.

Everyone nodded, feeling Mr. Fang's familiarity.

Fang Zhuo slowed down and said, "What SMIC needs now is not turmoil, but development."

He pointed at himself: "As a small shareholder, I don't support the temporary plan of the major shareholder Datang for SMIC. I don't think it can make SMIC's development sustainable, and I don't think it has the ability to be deeply integrated." The capabilities of the semiconductor industry chain, and I don’t think it can balance the opinions within the company.”

Fang Zhuo is a shareholder who actually holds 4.21% of SMIC. He has a position to express his attitude and opinions. This is one "no support" and three "disagreement".

He looked around at the nine senior executives present, pondered for a moment, and spoke again: "In the past period of time, I think Mr. Wang and you have led SMIC to achieve fruitful results. Last year was SMIC's first profit in five years. This is extremely difficult when President Zhang has resigned, some talents have been transferred to Bingxin, and we have to compensate Taiwan reporters.”

Everyone comforted themselves, well, this is Mr. Fang’s evaluation of the company’s CEO and existing team, but in the middle, “some talents have flowed to Bingxin.” Mr. Fang, you are so objective and calm...

Fang Zhuo changed the subject: "However, I have noticed that SMIC's technology research and development speed seems to be somewhat slow. Since we are here today and since we are talking about SMIC's future development, I will speak out. It needs to be strengthened."

He set his sights on Wang Ningguo.

This is another part of the review.

Wang Ningguo was shocked. He was still talking to himself about the future under the current situation. This seemed to mean that Mr. Fang still supported him to dominate SMIC after dealing with the major shareholders. Otherwise, how to talk about strengthening?

However, this almost immediately showed Mr. Fang’s unique and strong side.

It has only been a few hours since the voting at the shareholders' meeting. During this time, in addition to his unconcealed anger, dissatisfaction and counterattack against Datang, Mr. Fang also showed his sharpness that was different from Dr. Jiang.

Once Mr. Fang's last layer of insurance is detonated, as Dr. Jiang said, will there be a "torsion"?

Mr. Fang had such a reaction in such a short period of time, it was really...monster instinct.

Faced with the evaluation, Wang Ningguo also subconsciously commented on the opposite sentence.

He nodded slightly without any rebuttal. No matter whether it was "I accept it no matter what he does," or the situation at this moment, he couldn't control it.

Seeing Wang Ningguo nodding, Fang Zhuo continued: "Bingxin will conduct risk trial production of 32nm in the next few days, and is also conducting 28nm research and development as scheduled. In the future, SMIC can strengthen technical cooperation with Bingxin to simultaneously promote the development of the domestic semiconductor industry. development and in-depth leadership of the progress of upstream manufacturers.”

When Wang Ningguo heard this sentence, considering that he was still the CEO of SMIC, he was already determining the future strategic direction. SMIC naturally knew what Bingxin was doing...

However, he did not believe that the SMIC he joined had the strength to promote changes in the overall environment, so he remained loyal to his identity as a professional manager and tried his best to turn around SMIC's financial situation, and achieved considerable results.

At this moment, Mr. Fang showed off the advanced technical strength of Ice Core, technical cooperation with one hand, and "in-depth leadership" with the other. He was undoubtedly giving both painful and happy suggestions.

It is a suggestion, a requirement, or in other words, a consensus must be reached.

However, ice core technology can indeed bring huge help, and the domestic industrial chain will indeed be of great benefit in the long run.

The only problem is that this "long term" is weakening the attributes of professional managers.

It's hard for Wang Ningguo not to have similar emotions. It's not the instinct of a monster, but the instinct of an old devil...

His throat slid, and he responded to Fang's moderate consensus. He nodded and said: "SMIC should indeed invest more in technology research and development. This is what we will start to do immediately after our financial situation improves."

It’s not that I don’t do it, it’s that something went wrong when I first reached this stage.

Wang Ningguo gave a reason to accept criticism and change.

Fang Zhuo nodded and did not dwell too much on this. He calmed down and lowered his voice slightly: "No one wants to see turmoil in SMIC, and it is also what Dr. Jiang doesn't want to see. Over the years, Dr. Jiang has been heartbroken Weeping blood, we are worthy of both SMIC and domestic semiconductors.”

He gave a concise evaluation of Dr. Jiang, the chairman of SMIC.

Then the voice became powerful: "I invite everyone to come to the meeting today. I hope to work with everyone to calm the shock of SMIC, to ensure the integrity of SMIC's internal team, and to gain the understanding of major shareholders."

Fang Zhuo finally glanced at everyone and said: "Next, we will decide on the chairman first, then hold an extraordinary shareholders' meeting, and if necessary, finally complete the structure of the new board of directors."

The three goals are from low to high. The new board of directors has been elected today. If another new term is completed, there will undoubtedly be some action on Datang's seats.

"Everyone came here in a hurry. We haven't eaten yet. Food is prepared in the cafeteria. Today's situation is different, so we just have a simple meal. If we have the opportunity in the future, we can get together again."

With Fang Zhuo's words, this also meant the end of this meeting.

Wang Ningguo and others exchanged pleasantries one after another, expressed their attitude towards Datang, and politely declined the dinner here. First, they had something on their minds and couldn't eat, and second, they still needed to digest the complicated news from morning to night today.

Fang Zhuo did not force him to stay and bid farewell to these SMIC senior executives one by one.

"Mr. Zhang, let's have a quick bite and then take the car to the airport." Fang Zhuo greeted Zhang Wenyi who had not left, "If I can make it in time, I hope I can meet the leader in the evening."

Zhang Wenyi is already sixty-four and has experienced a lot of ups and downs. Although he is surprised by the changes at SMIC, he still has the calmness to put food first.

However, when he participated in this meeting at night, the other party was quite impressed by this person.

Three evaluations, three efforts, and three means.

In a short period of time, he expressed his attitude towards the major shareholders' struggle for control. He successively evaluated Datang, the CEO and the chairman, and gave clear methods of doing things.

So crisp and clear, no wonder people in the world call him Mr. Fang.

Zhang Wenyi and Fang Zhuo had a simple meal. The two did not communicate much, and they were thinking about today's events.

After waiting until he got on the plane, Zhang Wenyi sighed: "SMIC really ran into trouble at just the right time. Datang this time, alas."

"Soldiers will block it, water will cover it." Fang Zhuo pinched his brows, "I believe it won't be able to control it this time, but since it appears, I think it's better to solve the hidden danger in one fell swoop."

Zhang Wenyi asked: "President Fang, do you mean that the board of directors must be reorganized?"

Fang Zhuo nodded: "We must strengthen the management's control over the company. Since Datang does things according to the rights of its major shareholders, then we will do things according to the rules and only follow the rules. This is no problem."

Datang has its demands and has also used its voting rights legally. Then the confrontation of the matter can draw a line. If it can be used, it can be used by itself, right?

It is a shareholder, and I am also a shareholder, right?

It doesn’t talk about human relationships or tacit understanding, so it’s okay if I just talk about rules, right?

This is the purpose of this flight to the capital. The boundaries are drawn and everyone competes on the same stage. Don't have your hands tied.

As far as the current situation is concerned, each party has its own background and interests.

There is no need to go into details about the major shareholder Datang.

The abstention of Shencheng Industrial may represent the local considerations of Shencheng. Datang is conducting scale integration within the boundaries of Shencheng.

CIC, which abstained from voting, just joined the board of directors this year, may be cautious and pursuing stability, and it is understandable that it may even appear to be appeasement.

Others that cannot be ignored include Taiji, which holds 8.04% of the shares.

Fang Zhuo talked about possible changes: "When I arrive in Beijing, I will first contact Shanghai Industrial and China Investment Corporation to get a No. 2 ticket. As for the extraordinary shareholders' meeting, Datang will definitely seek an alliance. Although Taiwanese reporters have said before It voted in favor, but if I made a request, its yes vote might not turn into a no.”

Taiwan Journalist attended the shareholders' meeting on the 29th. When the participating shareholders accounted for only 47.59% of the total share capital, its 8.04% was quite significant.

A simple calculation shows that Datang is 16.83%, Taiji is 8.04%, and the two add up to 24.87%.

If only 47.59% of shareholders attend the extraordinary general meeting, the voting effect of these two companies alone is 24.87/47.59, which already accounts for 52.3% of the opposition votes, and the motion can be directly rejected.

As for whether Taiwan Records will produce such changes...

Fang Zhuo was not afraid to make speculations. Bingxin was catching up quickly, and there was a team of former Taiwan journalists like Hu Zhengming + Liang Mengsong. In addition, competition had already formed for major international customers...

If not, the enemy will oppose whatever he approves of.

Zhang Wenyi was shocked when he heard this, because the reporter silently voted in favor of Wang Ningguo, and he did not take this silent third largest shareholder into consideration.

In fact, Taiji's shareholding exceeds that of Shencheng Industrial and Fang Zhuo, and should not be underestimated.

Fang Zhuo said calmly: "We need to expand the voting pool to allow more small shareholders to enter the venue."

As long as the denominator is expanded, the ratio will naturally come down.

He added: "Before the extraordinary general meeting, I will issue an 'announcement on shareholder Fang Zhuo's public solicitation of proxy voting rights.' Presumably it will expand the total number of voting shareholders and get some proxy voting rights. This is also my shareholder right."

If you want to expand the voting pool, open solicitation is the fastest and most effective way.

What Fang Zhuo is now considering is to use this method to deal with the possible merger of the two major shareholders, Datang and Taiji.

When Zhang Wenyi heard what Mr. Fang said, he couldn't help but said: "Mr. Fang, you... are indeed experienced in struggle..."

Fang Zhuo glanced at Mr. Zhang, who looked shocked, nodded, and admitted this: "I have held extraordinary shareholders' meetings several times, and I understand some of the plans and rights that should be in place. ."

He added: "Otherwise, if they vote and do things according to the law, I can't just run into the venue and shout at them to death."

"Mr. Fang's reputation is indeed earned through hard work." Zhang Wenyi praised.

Fang Zhuo thought this should be a compliment.

He reached out to pick up the coffee cup, took a sip of coffee, and shook his head slightly: "You can't achieve anything by just being angry. We still have to straighten out all the rules. If we want to fight back, then we should strive for success."

Zhang Wenyi felt that Lao Jiang had indeed seen the right person. Mr. Fang was so well-organized, which greatly increased his chances of winning against the major shareholder Datang.

He thought for a moment and said: "When we arrive in the capital, let's meet some of my old friends first. Lao Jiang also has friends here."

Zhang Wenyi used to be a leader in the electronics industry, and he felt that this time President Fang called him to help in this regard.

Fang Zhuo looked at the elderly Mr. Zhang, pondered for a while, and said tactfully: "Mr. Zhang, we can just go directly to see the corresponding leader. If we can't see you today, we will definitely see you tomorrow."

Zhang Wenyi was stunned for a moment, did he get the wrong meaning?

He noticed Mr. Fang's eyes, oh, he was so angry...

"Then I..." Zhang Wenyi did not doubt whether Mr. Fang could find the leader, but he was a little hesitant about his role.

"Mr. Zhang, just sigh and sigh by the side." Fang Zhuo gave advice and added, "Representing SMIC, representing semiconductor people."

Zhang Wenyi: "..."