Reinventing the Millennium

When Chen Shanzhi of the Tang Dynasty walked out of the conference hall, when reporter Liang Jiade walked out of the conference hall, when several small shareholders and Gao Yonggang all walked out of the conference hall...

The mid-level and senior-level employees of SMIC who were not allowed to attend this time but were just walking around were confused.

Why are everyone gone?

Didn’t you just come here a while ago?

I took out my phone and looked at the time. It was only 9:45.

What happened?

Got beaten out?

They didn't ask us to come in and help fight.

The group of major shareholders walked in a hurry, and soon even the car quickly disappeared from sight. Then the definite news came out that it was over. This extraordinary shareholders' meeting with four proposals was over.

As for how this ends...

Just like Datang used its status as a major shareholder to cast a critical dissenting vote at the shareholders' meeting, Mr. Fang represented the will of the majority of shareholders this time and crushed the voting process with an unrivaled advantage.

Get up, speak, finish.

51.6%.

This does not include shareholders such as China Investment Corporation and Shencheng Industrial who were present and could vote. After going through the necessary procedures, the final number of votes in favor was 70.2%, and the valid votes in the audience accounted for 97.2% of the total share capital.

At the recent general meeting of shareholders, the total number of shareholders who participated in the voting totaled 46.41%. In just over half a month, SMIC's shareholdings were very dispersed, with shareholders spread all over the country and abroad. Everyone should vote.

Why are you so enthusiastic this time?

Because I really hold stocks with real money in my hands...

For the majority of shareholders who have never exercised their voting rights, on one side is Datang, who has suddenly launched an attack, and on the other side is Mr. Fang, who has been deeply involved in the industry for many years...

Obviously, whether from the perspective of storytelling, stock price or the company's long-term development, most shareholders unanimously believe that the latter is the better choice to stabilize SMIC at this moment.

This is a consideration of practical interests in addition to public opinion and emotion.

There were many participants in this extraordinary general meeting of shareholders, and the specific situation was quickly revealed. "As soon as Mr. Fang opened his mouth, the people at Datang slumped in their seats," and "Mr. Fang angrily scolded Mr. Da Tang on the phone." "Head of the Tang Dynasty", "the shortest extraordinary general meeting of shareholders in history", "Duan Yongji suddenly felt relieved"...

Exaggeration is always a bit exaggerated, but the crushing momentum of this shareholders' meeting really exceeded many people's expectations.

Including the media that paid attention to this turmoil, everyone generally believed that there would be a fierce vote. After all, Datang was the major shareholder. After the results came out, everyone's opinions were revised. After all, Datang was only A major shareholder holding 16.83%.

There are no tigers in the mountains, but monkeys are kings.

When a tiger comes to the mountain next door, the monkey will naturally abdicate.

As for whether the monkey will make a comeback in the future...

SMIC's current public solicitation of proxy voting rights is like this. It is almost an unprecedented concerted effort to oppose the intervention of major shareholders in operations. This situation is quite alarming!

Based on this speculation, Datang's shareholding may hardly support them in having the courage and confidence to continue trying to put Datang's interests above the overall interests of SMIC.

At the end of the extraordinary shareholders' meeting on July 15, CEO Wang Ningguo and CTO Yang Shining made a joint appearance. The major shareholder Datang Lightspeed suffered a disastrous defeat, which undoubtedly provided the best way to bridge the differences within the company.

Fang Zhuo did not leave immediately after voting. Instead, he held a meeting with a group of senior executives to talk about his views on the storm, SMIC's current situation and future.

However, at the end of the meeting, Walden's Chen Liwu suddenly made a suggestion to let Mr. Fang serve on the board of supervisors to better help SMIC's management and operations.

SMIC executives all know that Director Chen and Fang always stand together. When they hear such a suggestion, no matter what they think in their hearts, they all agree with it.

"No need for this." Fang Zhuo glanced at everyone's expressions and gave a clear rejection.

"Mr. Fang, you also said before that the board of supervisors must perform its functions. With you here, the board of supervisors will definitely be better." Chen Liwu really thinks so.

"Human energy is limited. The management and operation of SMIC should be done by people who are familiar with the situation. If I really encounter a big problem, I will not hesitate to try the extraordinary shareholders meeting again." Fang Zhuo said this with a more serious expression, " After all, I am also a shareholder of the company, and my opinions can be effective not only for Datang, but also for others."

There was some warning in the words, but in the context of today's light-speed solution to the Tang Dynasty, this did not cause the slightest backlash.

When Chen Liwu saw Mr. Fang, he didn't want to give in three times, so he had no choice but to give up.

"Datang is just a farce this time. I am very pleased that the timely response of all of us has brought an end to the storm." Fang Zhuo concluded, "Now, I only hope that SMIC's development can continue as usual, and I also hope that SMIC We will continue to increase our efforts in research and development, and we hope that the technical cooperation between Bingxin and SMIC can shine more in the industry."

He finally looked at CEO Wang Ningguo and CTO Yang Shining: "I hope Yike can place orders here one day."

Wang Ningguo and Yang Shining accepted Mr. Fang's unlikely vision. How could Bingxin separate Yike's order...

From the time he arrived at SMIC by car in the morning, it was not until the evening that Fang Zhuo left here.

There are already many unanswered calls and unanswered messages on the phone. SMIC's turmoil this time is not small, and after adding himself as a factor, it spread even more. When today's results became clear, many friends called to confirm the truth. situation.

Fang Zhuo briefly glanced at some of the messages that he didn't have time to read, and didn't have much motivation to reply.

As he said at SMIC, he really believes that Datang is a farce this time, and solving it will not bring much sense of accomplishment. Perhaps in addition to the maintenance of industrial development, Dr. Jiang's worries and entrustment are more touching. Own.

At 7:30 in the evening, Fang Zhuo did not go home, but returned to Yike's president's office, overlooking the beautiful night view of the city.

At this time, Zhang Rujing's call came in.

He got the status of the shareholders' meeting immediately, but he didn't call until now, and he was still excited: "Mr. Fang, leader Fang! This is what everyone expected!"

"I told you." Fang Zhuo said calmly, "One is losing money for consecutive years, and the other is making money and ranking on the list again. And there is an ice core next to it. What's the choice?"

Zhang Rujing sighed: "This is... this is the industry's reputation, this is the true leader of the Yi Fang alliance. I won't give a shit about what you say in the future."

Fang Zhuo knew what Lao Zhang was teasing and said with a smile: "Easy to say, easy to say."

"Mr. Fang, lend me another sum of money, and I will follow the leader's lead in the future." Zhang Rujing took advantage of the situation and raised a serious matter.

Fang Zhuo said "Hmm": "In this case, if I let the Wafer Alliance take the lead, it should be easier to raise money."

"What are you pretending to be..." Zhang Rujing promptly stopped and expressed his gratitude to a very prestigious alliance leader in the industry, "Then I thank you first, thank you to the Wafer Alliance."

He paused and said sincerely: "Thank you also for Dr. Jiang."

Fang Zhuo said "Yeah": "I can't stand it anyway. He helps you, you help him, then you help me, and then you help me back. You don't need to thank him so much."

"Thank you, Mr. Fang, for your iron shoulders and righteousness, and for urging the Tang Dynasty." Zhang Rujing returned to his original tone.

Fang Zhuo heard that this didn't seem like something Mr. Zhang could say.

Sure enough, when the call ended, Zhang Rujing sent the news headlines he saw using Yixin.

Sohu: We bear moral responsibility with iron shoulders.

Sina: Dangerous tricks urge Datang.

And, NetEase summarized it: Mr. Fang shouldered the moral responsibility and returned to the Tang Dynasty with ruthless tactics.

As for some small media, the wording used in reports is less particular.

——Fang Zhuo relied on his rich experience to defeat the major shareholder of another company on the familiar equity battle battlefield.

——Major shareholder killer!

——Sina, Morningstar, Datang...who is next? Moral?

Going home late today...