NVC conflict continues to rage, violent fights injure employees

On the afternoon of the 4th, NVC Lighting operation and management staff appointed by the NVC Lighting board of directors clashed with Wu Changjiang personnel to prevent illegal shipments from the Wanzhou factory. Guo, a staff member of NVC Lighting, was injured by Wu Changjiang personnel during the conflict and has been sent to the hospital for treatment. NVC's board of directors stated that the Wanzhou factory is a listed company's assets, and Wu Changjiang's behavior is a blatant robbery of the listed company's assets. It is understood that at about 15:00 in the afternoon on September 14, 2014, at the NVC Wanzhou production base, the operation and management staff assigned by NVC Lighting learned that six large trucks were about to transport finished lighting products through abnormal sales and management channels. Immediately, the staff drove to the factory gate in time to stop and call the police. Instigated by Wu Changjiang's cronies, the factory dispatched about 400 people to surround 20 NVC Lighting staff members and violently beat them. One of the staff members, Guo Feng, was injured and fell to the ground and was sent to the hospital for treatment. At the same time, two of NVC Lighting's four work vehicles were damaged by the opponent's forklifts in a vicious manner.
(Conflict scene) This is the sixth time since Wu Changjiang was deposed and illegally occupied the Wanzhou factory that he has used IOUs to deliver goods to his affiliated dealers who have no ability to pay. These dealers are all Wu Changjiang's creditors due to huge gambling debts and have no ability to pay for goods. In other words, Wu Changjiang claimed that the Wanzhou factory's real purpose of resuming production to facilitate normal operation was to plunder the assets of listed companies in disguise. Quoting the Southern Metropolis Daily report on August 26, people familiar with the matter said that Wu Changjiang owed huge debts to upstream and downstream companies due to his gambling. ——When NVC pays the supplier, Wu will write an IOU to the supplier and borrow the payment in his own name, or take the money directly from the channel supplier. As early as 2012, when Wu Changjiang had a bloody fight with investors such as SoftBank SAIF and Schneider, there were rumors that Wu Changjiang owed dealers a single debt of up to 5 million or even 10 million, with a total amount of nearly 300 million yuan. Earlier on August 13, Wu Changjiang also said in an interview with Caixin.com reporters: "I admit that the 400 million yuan in gambling debt happened a long time ago. At that time, I had conflicts with Saifu and Schneider, and I went overseas alone. As a man, I was just having fun." Regarding the illegal shipments controlled by Wu Changjiang, the board of directors of NVC Lighting stated that Wu Changjiang carried out production and shipment to offset debts with the payment for goods knowing that he would not receive payment. This was a blatant robbery of the assets of NVC Lighting listed companies and seriously infringed upon the interests of NVC Lighting shareholders and local workers. The board of directors supports normal, legal and orderly operation and management, but the Wanzhou factory is a wholly-owned company of NVC Lighting, a listed company. No one has the right to dispose or operate without the approval or authorization of the board of directors. Production and operation for the purpose of expropriation and embezzlement are even more illegal. The operating order of the Wanzhou factory should be fully restored with the support of the law, and Wu Changjiang’s atrocities should be resolutely resisted. The board of directors calls on the government to take action. At present, Wu Changjiang's illegal shipments have caused conflicts between the two parties. If the interests of investors and shareholders cannot be protected, it may cause greater emergencies. On August 8, NVC Lighting's board of directors dismissed Wu Changjiang as CEO. On August 29, NVC Lighting held an extraordinary shareholders' meeting, accounting for 95.84% of all voting shareholders, in favor of removing Wu Changjiang as director and all positions of the board of directors' committees. At present, Wu Changjiang has no relationship with NVC Lighting. This is the second illegal misappropriation incident exposed this month after Wu Changjiang was accused of illegally mortgaging 173 million yuan to disguised misappropriation of listed company assets. The police who attended the scene did not stop it. As of press time, the loading of large trucks at the factory was still continuing.