Reinventing the Millennium

Fang Zhuo returned to Shanghai and met with directors, followed by intensive meetings with SMIC senior executives.

Datang's move this time is puzzling, but it has indeed caused internal turmoil. Major shareholders have already spread the word and support Yang Shining to replace Wang Ningguo. Some shareholder representatives even called Wang Ningguo and asked him to resign immediately.

First, he failed to be elected as a director, then was discussed internally, and was asked to resign by shareholders. Without strong support, Wang Ningguo felt that he could not bear such humiliation, so he resigned.

But now that he has the support from Mr. Fang and Zhang Wenyi, the attention from above, and the clear stances of CIC, Chen Liwu, and Tsuyoshi Kawanishi, he feels that he has the confidence and should persevere.

Wang Ningguo and Yang Shining are not just individuals, but there is a team and a group of employees behind them. If these two people are pushed into confrontation, the company will only become torn apart.

For Fang Zhuo alone, when he met with CFO Zeng Zonglin, he was hesitantly suggested a way to criticize Yang Shining's tax avoidance.

Yang Shining is an American, and his salary is paid in the ratio of 25% Chinese currency and 75% US dollars. In the past, he used slightly higher invoices to offset his personal tax. Now in this case, he can at least make an "unreasonable deduction application". .

Fang Zhuo rejected such a proposal.

"Mr. Zeng, we are not trying to knock anyone down. This will only create more turmoil and tear SMIC even further."

"As for Yang Shining, I will talk to him again when Mr. Zhang becomes chairman and before the extraordinary shareholders' meeting."

"Besides, in addition to the support of major shareholders, Yang Shining can now obtain the support of some employees internally. Does this also prove that there are more or less problems with the management's previous work? I will also communicate with Mr. Wang on this point."

He doesn't need to use such means to bring down Yang Shining, not to mention that everyone knows what he wants to do if he releases such news at this stage.

This time the board of directors decided on the pending chairman position, and the next general meeting of shareholders will directly use the votes to tell Datang who is the representative of the majority shareholders of SMIC.

It wasn't until the night of the 1st that Fang Zhuo basically finished the work at hand. He had just had a good meal these days. During the meal, he was still exploring Datang's motivation and ability to take action this time.

"You said it was rough, maybe this is its normal level of performance." Yu Hong has not returned to the United States. These days, she is listening to the progress of domestic business and helping to deal with the work thrown out by the chairman in anger.

Fang Zhuo was stunned for a moment, as if he was a little awakened.

"I think you all didn't expect that the Tang Dynasty would do something like this at this time. Maybe they didn't think of it before?" Yu Hong felt like this after watching, "The so-called right time, place and people, Datang has a unique The word 'mang'."

Fang Zhuo throws his chopsticks, what the hell, he’s just an empty name, he’s very scheming, I’m going to catch him!

…

On September 2, three days after the unexpected shareholders meeting, SMIC held an emergency board meeting to elect executive directors and elect a chairman.

Last night, the largest shareholder Datang officially announced its candidates, proposing COO Yang Shining as executive director, while the second largest shareholder China Investment Corporation nominated independent director Zhang Wenyi as executive director.

The executive director and the chairman are two different things. The former can be added by the board of directors with the authorization of the shareholders' meeting and then ratified by the next shareholders' meeting, while the latter can be directly elected by the board of directors.

Under today's circumstances, this executive director's seat undoubtedly proves who is the party that controls SMIC.

Datang talked about the executive director yesterday, but was unwilling to elect the chairman at the No. 2 board meeting.

However, as SMIC, a listed company, had aroused public opinion, Datang was put under extra pressure from its superiors and finally agreed to nominate a chairman on the board of directors.

The board meeting was set for nine o'clock in the morning.

However, just at eight o'clock, Zhang Wenyi and CIC Liu Zunyi called one after another, urging Datang's two directors Gao Yonggang and Chen Shanzhi to come to the scene, saying that they needed to conduct preliminary communication first.

Gao Yonggang and Chen Shanzhi arrived at the conference room with their people. They saw many new faces and other directors had arrived. They couldn't help but feel a little nervous. This formation...

In fact, people started to feel bad after communicating with Mr. Fang the day before yesterday.

Shencheng Industrial, which was originally inclined, became a bit ambiguous. The other directors either ignored it or simply expressed their stance clearly, and the superiors also cast concerned glances.

This situation is no longer the same as previously imagined.

Gao Yonggang walked into the conference room, thinking about another way to get the upper hand, and asked in a deep voice: "Where is Mr. Fang? Is he not here? Or do you know that today is just a meeting of directors?"

There are only 7 seats on the SMIC board of directors, and CEO Wang Ningguo is also attending the meeting. Even if Fang Zhuo is a shareholder, he does not have the right to participate in the meeting today.

Gao Yonggang did not want President Fang to attend the meeting. He had already formulated a strategy today and still used Wang Ningguo's situation as the basis.

However, Zhang Wenyi's cold words blocked everything Gao Yonggang wanted to say.

"Mr. Fang went to attend Dr. Jiang's memorial service today."

Gao Yonggang wanted to open his mouth, but saw many angry looks coming at him because of these words, so he could only sit down.

He was a little restless. The board of directors couldn't hold a meeting with people watching like this. If he was beaten out in the middle of the meeting, it would be the most ridiculous thing in the world!

Gao Yonggang wanted to look at Zhou Jie, the resident director of Shencheng Industrial, but the latter was just drinking cup after cup of tea.

He went to see CEO Wang Ningguo again, who responded with a faint look.

After a while, Gao Yonggang still said: "We can't just open it like this, after all, it is the board of directors."

Zhang Wenyi waved his hand: "Let's all go out and wait for the results. There will be a meeting later."

Some senior executives, including the CMO and CFO, slowly walked out of the conference room.

At this time, Yang Shining, who was nominated by Datang, arrived.

"Stop, Mr. Yang, don't sit down yet." Chen Liwu from Walden International stretched out his hand to stop him, "Today is the board of directors, and the general manager can attend the meeting. Although Datang mentioned you, we all follow the rules. You wait outside. Let’s get it done.”

Yang Shining was stunned for a moment, didn't say anything and didn't leave. He was a little frozen here.

Gao Yonggang immediately argued: "Mr. Chen, what do you mean? Mr. Yang is our nominee, he must be present! If he is not present, this meeting cannot be held!"

Zhang Wenyi, who was sitting in the first place, saw this and said slowly: "According to the regulations, Mr. Yang does not have to attend, but Mr. Gao made a request on behalf of Datang. So, Mr. Yang, since you are here, let's show our hands and decide. See if you want to be there.”

Yang Shining frowned, and just as he was about to speak, he saw Zhang Wenyi had raised his right hand.

As Zhang Wenyi raised his hand, Walden International Chen Liwu, CIC Liu Zunyi, and independent director Take Kawanishi all raised their hands. Four of the seven directors believed that the rules should be followed.

When Yang Shining saw this, he turned around and left, ignoring Gao Yonggang's efforts to get up and stay.

Zhou Jie of Shencheng Industrial looked at the four directors, at the back of Yang Shining as he left, and at Gao Yonggang's anger. He instantly realized that the board of directors seemed to be over before the meeting.

No, perhaps this matter has ended with Mr. Fang's intervention.

Gao Yonggang stopped after chasing him to the door and saw more and more people gathering outside.

He came back with an ugly look on his face. Zhang Wenyi and the four people left no room at all. They undoubtedly formed an overwhelming party. Is it still necessary to hold this board of directors?

"I'll make a call." Gao Yonggang took out his cell phone and hesitantly went to the office next door.

The remaining people in the conference room looked at each other.

CEO Wang Ningguo lamented that if he directly raised his voice at the shareholders' meeting, perhaps the previous turmoil might not be resolved. Even if Datang took the lead in voting against it, CIC and Shencheng Industrial might not abstain from voting.

How did the situation get to this point?

Fortunately, there is still room to clean up.

After about five minutes, Gao Yonggang returned to the conference room, looking much calmer.

There's still half an hour until the nine o'clock meeting.

"Mr. Chen, close the door." Zhang Wenyi looked at Chen Liwu.

Chen Liwu understood and went to close the door himself.

Then, Zhou Jie from Shencheng Industrial suddenly found that his mobile phone had no signal. He looked at the people opposite him in shock, and then at Gao Yonggang who was holding a pen. He silently put down his mobile phone and planned to devote himself to the meeting. .

"Everyone is here, let's get started. The content is very simple anyway." Zhang Wenyi said directly, "They nominated me to be elected executive director, let's vote."

Gao Yonggang immediately counterattacked: "It's not the start time yet! What's the decision?"

"Then what are you waiting for? If you don't go to the memorial service, I'm still anxious to see Lao Jiang for the last time!" Zhang Wenyi said angrily, using his golden sword, "Right now, use whatever tricks you Datang has! I can not wait anymore!"

Gao Yonggang was sweating on his forehead and took out his mobile phone. He pressed it twice and found that he couldn't make a call.

He stood up quickly and said: "I'll make a phone call. I'll go out and make a phone call..."

"Fight, let's fight here! The voting starts now. If you leave, you will abstain!" Zhang Wenyi glared at Gao Yonggang and said word by word, "I vote for myself, and I approve of Zhang Wenyi being the executive director of SMIC!"

Gao Yonggang took two steps and heard other people's voices.

"I think Mr. Zhang is very suitable to serve as executive director, and I also recommend him to become the chairman of SMIC." Chen Liwu also directly voted for the following votes.

"I also support Mr. Zhang Wenyi." Independent director Tsuyoshi Kawanishi expressed his attitude.

Liu Zunyi of CIC said: "On behalf of CIC, I praise..."

"Wait! Wait!" Gao Yonggang interrupted, "Mr. Liu, wait a moment, wait a moment, CIC, wait a moment, we'll wait for the call."

Liu Zunyi picked up the phone, glanced at the screen, turned it upside down on the table, and shrugged: "My mobile phone has no signal, so there is no need to wait. On behalf of CIC, I support Mr. Zhang as executive director and chairman."

"The time has not come! The time has not come!" Gao Yonggang found that the situation was completely one-sided. He was too hasty and too fast. He had not yet elaborated on his criticism of Wang Ningguo's work and had not waited for a call.

Although there are only 7 votes, and although 4 votes are only one more than 3 votes, this is the majority over the minority.

Gao Yonggang turned to look at Zhou Jie from Shencheng Industrial and demanded: "Mr. Zhou, Mr. Zhou, this is not in accordance with the procedures, please say something!"

Zhou Jie coughed. Sure enough, he didn’t need to vote at home...

He hesitated and said: "Mr. Gao, since it is the board of directors, since all seven effective directors are here, and since the voting results have come out, then so be it."

Zhou Jie added: "Shencheng Industrial also believes that Mr. Zhang is suitable for executive director."

Gao Yonggang's throat rolled, not 4 votes to 3 votes, but 5 votes to 2 votes...

He held his cell phone in hand. When he communicated with CIC and the Japanese Go Kawanishi yesterday, the attitudes of the two were not so firm. It seemed that there was still room for discussion and decision-making based on the situation on the spot.

Today, however, that's not the case at all.

At this moment, Gao Yonggang suddenly understood that this was to allow his side to still have the idea of ​​​​fighting, and probably also to prevent excessive interference from other factors. When the actual meeting was held, off-site factors were suddenly out of reach.

Zhang Wenyi looked at Gao Yonggang coldly: "Does the chairman still need to vote?"

Gao Yonggang remained silent.

Another director representing Datang, Chen Shanzhi, spoke up and sighed: "No need."

"Then let's adjourn the meeting. We still have things to do." Zhang Wenyi stood up, walked to the door of the conference room, and opened the door with his own hands. Many mid-level and senior managers from SMIC had gathered outside.

Zhang Wenyi did not speak immediately, but faced the eyes of the employees. He waited until Gao Yonggang and Chen Shanzhi arrived before announcing loudly: "Today, I will succeed Dr. Jiang Shangzhou as the chairman and executive director of SMIC. He and I are the same The idea is to let the company develop well and actively catch up with the international advanced level."

The two directors of Datang silently left from the side.

At this time, Chen Liwu and Liu Zunyi suddenly sandwiched the two men from the side.

Zhang Wenyi continued to announce: "In view of the company's shareholder Mr. Fang Zhuo's application for convening an extraordinary shareholders' meeting, the board of directors has decided to hold an extraordinary shareholders' meeting on the 15th to discuss candidates for the board of directors."

Gao Yonggang said in shock: "What application? How come the 15th was decided?!"

"Do you need to vote again?" Zhang Wenyi turned around and said, "Do you need to see Mr. Fang's application?"

Gao Yonggang's face turned dark.

"At the extraordinary general meeting of shareholders on the 15th, President Fang submitted a motion to remove directors Gao Yonggang and Chen Shanzhi, and re-elect Wang Ningguo and Yang Shining to the board of directors." Zhang Wenyi greeted the employees who were concerned about the company's situation and said loudly, "This morning, The company will issue the "Announcement on Shareholder Fang Zhuo's Public Solicitation of Proxy Voting Rights" to all shareholders, and we hope that everyone will actively exercise their rights."

Apply for an extraordinary general meeting of shareholders.

The date is set for July 15th.

Submit a motion to remove directors Gao Yonggang and Chen Shanzhi and re-elect Wang Ningguo and Yang Shining to replace them.

Publish an announcement soliciting proxy voting rights.

The middle and senior management gathered outside the conference room listened to the voice of the new chairman. They did not expect that there would be so much information in such a short period of time, and this was tantamount to cutting off the major shareholders' tentacles of penetrating into the company.

Can it be done?

After a brief period of worry, Mr. Fang's reputation came to mind, reassuring him like the results of the board of directors.

"You, you guys..." Gao Yonggang only said a few words before he was speechless.

Now everyone's attention is far less relaxed than at the shareholders' meeting, and there is more anger.

"See you all on the 15th." Zhang Wenyi finally said this, and then without even looking at Gao Yonggang, he took Chen Liwu and others away to attend the memorial service of his old classmates.

Gao Yonggang did not dare to stay here and quickly left under all kinds of eyes.

On the one hand, he felt that the situation was intense, but on the other hand, he felt that this group of people really...really didn't care about anything?

When he got into the car, Gao Yonggang had just taken a sip of water when he suddenly heard the surprised voice of Chen Shanzhi next to him.

"Ice Core's 32nm risk trial production was successful..." Chen Shanzhi saw the latest news from the portal on her mobile phone. Ice Core's Luzhou factory announced that the trial production was successful and plans to provide mass production to customers in the fourth quarter.

"Bing Xin has never appeared in the media. This time..." Gao Yonggang understood. Bing Xin will definitely receive attention and recognition in the near future.

He smiled bitterly: "This, this is turning us into clowns."

Chen Shanzhi remained silent. Sometimes he didn't understand the thinking above.

…

Fang Zhuo had already received news from the board of directors on their way over.

Although the outcome of this board meeting is close to ten, it is finalized.

He sighed inwardly and briefly informed Dr. Jiang's son of the situation, which was somewhat comforting.

"Mr. Fang, this is very good. My father will be pleased. Oh, this is something I found when I was tidying up his ward. I think it should be given to you."

Fang Zhuo took the envelope handed over by Dr. Jiang's son. There was only a folded piece of paper inside.

This is Dr. Jiang's calligraphy, but his writing is obviously weak and the handwriting appears messy.

Just four words on it - keep making progress.

This is exactly the slogan of Yike Company.

Fang Zhuo silently put away the last words and wishes from his old friend. It was not easy, but he still had to keep making progress.