Chapter 1121 Board of Directors Confirmed

When Shi Lei heard Dai Zhenxing's words, he was slightly startled, nine people?

What is Dai Zhenxing doing?

According to the charter of the board of directors, which is the supplementary version previously made by Shi Lei, if a shareholder has the intention to become a member of the board of directors, and there is no fault of his, his qualifications will be judged based on the number of shares he holds.

This means that Shi Lei, Shi Qiang, Yu Banzhi and Wei Qing must all be steadfast members of the board of directors.

Even if there are nine people, Shi Lei still has at least four votes.

As for the shares, Shi Lei himself still retains 31.5% of the shares. Shi Qiang and Yu Banzhi will definitely not have any problems, and the 10% raised in the C round will not normally be involved. There will be no problem. At least Wei Qing's performance at the scene fully demonstrated this point.

This means that Shi Lei controls at least 51.5% of the shares.

Dai Zhenxing has no chance of winning at all.

So, Shi Lei nodded and said, "Mr. Dai considers shareholders so much, of course I won't have any objections."

Dai Zhenxing said with a smile: "At the same time, I suggest that the board of directors add a vice chairman's seat. After all, Qixuan's business and management were relatively single before, but now, in addition to its own business, Qixuan also has some investment initiatives. I personally feel that being the chairman of the board of directors is no longer able to meet the needs of the management, especially since Mr. Shi is always busy and rarely has time to come to the company. Therefore, adding a vice chairman seat will mean that Mr. Shi cannot take care of the company's management. When faced with major decisions, management at least has a direction to consult.”

Shi Lei frowned immediately, and he finally understood that this was Dai Zhenxing's purpose.

Dai Zhenxing seemed to know that Shi Lei would object. He didn't give Shi Lei a chance to speak, and continued: "At the same time, this is also the request of me, the major shareholder who holds the same shares as Mr. Shi. Mr. Shi probably doesn't want to see the two of us fighting for Are there ongoing disputes over the position of chairman of the board of directors?"

Shi Lei's eyes narrowed slightly, and he realized that if he failed, Dai Zhenxing would definitely try to prevent him from continuing to sit as chairman of the board of directors.

After thinking for a long time, Shi Lei finally nodded and said, "Okay, I basically agree with Mr. Dai's opinion."

"Then, let's get started. First, the seven members of the original board of directors are Mr. Shi, Mr. Shi Qiang, and Mr. Dong Chiqing..."

Dai Zhenxing reported the names of the seven board members one by one, and then said: "Mr. Dong Chiqing has given up most of his shares, and he has not been present at today's shareholders' meeting. I personally think that Mr. Dong Chiqing has already given up most of his shares." I am no longer suitable to serve as a member of the board of directors. I personally recommend that all the remaining six people be retained. At the same time, I personally request to join the board of directors. In this way, there are still two vacancies on the board of directors. I don’t know who among the shareholders here is willing. Want to join the board of directors?”

Wei Qing said bluntly: "On behalf of Webster Group, I request a seat on the board of directors."

Yu Banzhi's representative also said: "On behalf of Mr. Yu Banzhi, I also request a seat as a board member."

Shi Lei looked at Dai Zhenxing and said, "Wechsler Group and Mr. Yu Banzhi are both shareholders with 5% equity. According to the board of directors' charter, as long as they are willing to join the board of directors, it must be approved in principle."

Dai Zhenxing said readily: "I have no objection."

Shi Lei nodded and said: "At the same time, I think that since the list of board members is going to be adjusted, we should not engage in the practice of retaining seats for the original members. Now, I, Mr. Dai Zhenxing, Shi Qiang, and Yu Banzhi Mr. Wechsler Group, according to the articles of association, are directly qualified to be members of the board of directors. As for the other four seats, I think we can discuss it again. Shareholders with more than 1% of the shares have the right to compete for these four seats. Let’s express our opinions.”

Dai Zhenxing looked at Shi Lei and seemed to have expected such a reaction from Shi Lei. He said, "What Mr. Shi said makes sense. So, let's express our stance."

Then, representatives of the four previous board members expressed their willingness to remain on the board of directors, and stated that the company they represented was even willing to send commissioners to stay in Wudong to take charge of board affairs.

Shi Lei took a tablet computer, which recorded in detail the shares held by the companies represented by these four people. Three of them had two points, and one person only had exactly one point.

Ever since, Shi Lei knew that competing for this seat depended on the shares.

"Are there any other shareholders willing to serve as board members?"

Wei Qing understood what Shi Lei meant and immediately said: "I personally suggest that Qixuan's current chief technology officer should join the board of directors. He is the technical guarantee for Qixuan's development."

Zhao Di immediately expressed his position: "I personally hold 1.05% of the shares, and I also hope to join the board of directors to serve all shareholders."

The situation at the scene suddenly became subtle. Everyone knew that the first round of confrontation between Shi Lei and Dai Zhenxing was about to begin.

"Since the order is based on the number of shares, on behalf of Mr. Hu Jianjun, I request to join the board of directors."

The previous request to retain the original four people was not Dai Zhenxing's real purpose. His real purpose was Hu Jianjun.

Hu Jianjun's shares could not be sold to Dai Zhenxing if Shi Lei had the right of first refusal. Otherwise, Shi Lei believed that he would have transferred his shares to Dai Zhenxing long ago, without having to do what happened today.

In fact, Shi Lei had the right of first refusal for the shares held by every shareholder present, even Dong Chiqing who had already given up his shares.

But at that time, Dong Chiqing wanted to transfer his shares to Xu Zhida. Shi Lei certainly understood that it was a proxy holding, so he had no objection. It was precisely because of this equity transfer letter that Shi Lei did not sign the right of first refusal with Xu Zhida, so Xu Zhida was able to sell his shares to Dai Zhenxing.

Others who wanted to sell their shares had to ask Shi Lei first, and Shi Lei could only sell them if he did not want them to.

Wei Qing glanced at Shi Lei and immediately stated: "I would like to ask, how many shares does Mr. Hu Jianjun hold?"

"1.8 percent."

Hu Jianjun's shares were the highest except for the eight members of the board of directors who had already been determined. Dai Zhenxing proposed that Hu Jianjun join the board of directors, which seemed to be unstoppable.

Wei Qing knew very well that the three companies he could still represent now had equally divided the remaining 5% of the shares in the C round except for their Wei family. In other words, none of these three people could reach 1.8% of the shares.

At this time, it was too late to transfer the shares, because only Shi Lei had the priority to purchase the shares, and the shareholders could not transfer them at will. If Shi Lei wanted to transfer them and did not want them, Dai Zhenxing could also ask Qixuan to buy back the shares.

It seemed that Hu Jianjun was inevitable to become a member of the board of directors.

He had to wink at Shi Lei to indicate that he could not help him.

Just when everyone thought that the overall situation was settled, the door of the conference room was suddenly pushed open.

Everyone turned around and saw Dong Chiqing walking in.

Dong Chiqing smiled and arched his hands, saying, "I'm sorry, I'm a little late. I shouldn't have missed anything, right?"

Dai Zhenxing knew that Dong Chiqing was not on his side, even if the entire Dong family was on his side, but Dong Chiqing was obviously contrary to the Dong family's decision on this point.

But he didn't care, Dong Chiqing only had one point of shares.

3