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On April 2, Dehao Runda confirmed to the outside world that the LED light source products produced by the company in the first quarter of this year are entering the channels of NVC lighting throughout the country for sales. On April 5, NVC Lighting announced that Wang Haolei, the chairman of Dehao Runda, succeeded as the new chairman of NVC Lighting. In this regard, outsiders often called "can't understand" because the outside world believed that this position should of course be taken over by Wu Changjiang.
On April 7, Wu Changjiang said in an interview with reporters that he is the founder and a shareholder, and it is inevitable to return to the board of directors.
Ding Jianhua, deputy general manager of China Optical Network, said that after Dehao Runda stepped up control of NVC lighting, it seems that no one can truly represent the interests of NVC Lighting. "Too many uncertainties, people can’t see that NVC is Where to go."
In fact, at the beginning of this year, after Dehao Runda invested in NVC lighting, Wang Donglei revealed his intention to dominate NVC lighting. He said at the time, "After becoming the single largest shareholder, we will dominate the development of NVC lighting."
On April 2, rumors that “Dehao Runda LED product sales will be integrated into NVC Lighting Operations Centerâ€, Dehao Runda’s response is that the LED light source products produced in the first quarter of this year are entering the mine. Sales of lighting throughout the country have been fully rolled out since April.
On April 5, NVC Lighting announced that it had resigned as the chairman of the company, a non-executive director and a member of the remuneration committee. The chairman of the board of directors was replaced by non-executive director Wang Donglei. No information on NVC Lighting CEO Wu Changjiang was mentioned in the announcement. On March 29, Wu Changjiang also told the media that he will return to the board of directors in the near future. Through a series of initiatives, Dehao Runda's leadership in the development of NVC lighting seems to be more and more obvious.
In an interview with reporters, Ding Jianhua said that in this context, no one can truly represent the interests of NVC lighting. Ding Jianhua said that from the rules, no one can represent NVC lighting. Dehao Runda is only a shareholder with 20.05% of NVC Lighting. It does not represent NVC. In addition to being the chairman of NVC Lighting, Wang Donglei is the founder and chairman of Dehao Runda.
Ding Jianhua wrote in an article: "Dehao Runda and NVC Lighting are two independent listed companies. Mr. Wang Donglei, who is in such a position, faces these two children. The palms of his hands are all meat, who hurts, no Who hurts, is the righteousness to destroy the pro, or to regard NVC lighting as their own, I am afraid that how to do it is a dilemma, it is difficult to convince the public."
Wu Changjiang has always been regarded as the guardian of NVC's lighting interests. He himself has repeatedly called NVC lighting his own "children." However, after Dehao Runda became a shareholder, this situation has also quietly changed.
Ding Jianhua said that Wu Changjiang’s 6.79% stake was sold for Dehao Runda. In fact, he had no shares at hand. Ding Jianhua’s “generational holding†means that when Dehao Runda became a shareholder, Wu Changjiang promised irrevocably granting DeHao Runda the priority transfer of the above 6.79% shares, at any time that Dehao Runda deems appropriate. Transferred to Dehao Runda at a price of HK$2.95 per share.
“Wu Changjiang is only a professional manager of NVC Lighting. In turn, he is the second largest shareholder of Dehao Runda. Do you think he will represent the interests of NVC?†Ding Jianhua believes that Schneider can only represent NVC lighting. Schneider's interests, using NVC lighting channels, to more for Schneider to achieve sales. "No one can really represent NVC." Ding Jianhua said that this is a big problem.
For a series of operations of NVC Lighting, many people said that they "do not understand" and did not know what Wu Changjiang's real intentions were. Ding Jianhua analyzed, at least from the current point of view, Dehao Runda's light source products have entered the NVC lighting channel, which has an impact on NVC lighting business. Ding Jianhua said that the relevant people of Dehao Runda believe that the business of NVC Lighting is mainly based on lamps, and Dehao Runda is mainly based on light sources, each with its own emphasis, so there is no mutual impact. However, after reviewing the financial statements of NVC in the first half of last year, he found that the revenue of NVC lighting source products accounted for more than 40% of the main business income.
The reporter also reviewed NVC Lighting's 2012 annual performance report and found that its light source products revenue was 1.31 billion yuan, accounting for 37.0% of total revenue.
"If the light source products are sold in NVC's channels, Dehao Runda really sells very well. How does NVC's light source sell? Where to sell?" Ding Jianhua said. In this case, why did Wu Changjiang choose to do this?
Industry observer Zeng Gaofei analyzed to reporters that NVC and Dehao Runda are complementary relationships in the integration of the industrial chain, and the interests of both parties are consistent. Zeng Gaofei said that he had had a detailed discussion with Wu Changjiang. Why did he do this? Wu Changjiang explained that "let my company become his, and his own is mine."
The calm removal of the chairmanship is very different from last year’s tough style. Ding Jianhua speculated that these parties may have reached a certain tacit understanding behind the scenes.
As for why Wang Donglei was appointed as the chairman of NVC Lighting, not Wu Changjiang, Zeng Gaofei analyzed that Wang Donglei played a buffer and balance between Wu Changjiang and Yu, and let Wang Donglei be the chairman of the board, and he had a good time to go. Wu Changjiang also acceptable. 
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Model NO.
785
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Does Wang Donglei enter the competition with NVC or the channel?
NVC Lighting (02222, HK) is increasingly marking the mark of Dehao Runda (002005, SZ).
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