GOME control no result disputes the Board of Directors the right to speak

"9 · 28" special shareholders ' meeting voting results, allow for two months in the United States of the outcome of the gradual, but the contest around the GOME control continues. "The two sides are still under negotiation, there is no consensus on package solutions. "Huang guangyu aspects nominations Zou xiaochun on national business news. This is also "the 9 · 28" special general meeting of shareholders, Zou xiaochun, for the first time in the face of media. On both sides of the communication, Zou xiaochun said that more than a month, has been the major shareholders with Bain, frequent communication tool areas, including interviews, phone, mail, etc. Negotiations are still inconclusive media spotlight behind Huang guangyu representatives of rhododendrons, Zou xiaochun, the second largest shareholder Bain Director Jonathan, GOME Chairman Chen of frequent contact. In fact, the two sides of contact by Huang guangyu responsible Wong Soo Hong and Jonathan met in Shenzhen. The Bain party under the present circumstances do not issue additional shares, Bain agreed to the appointment of two directors of the CSA into the Board of Directors, of the CSA to agree to maintain three Directors Bain, 5 topics for hours of consultations. However, the problem of staying or leaving, tool both sides failed to reach an agreement. September 13, 25 September, Jonathan met twice and cuckoo. Ultimately, the fate of the Chen did not reach agreement on the issue led to negotiations failed views. Insider, September 28, in the evening shortly after the release of the results of the vote, Chen, directly to the rhododendron expressed the desire to continue negotiations. September 29, Jonathan and cuckoo talks in Beijing, but did not reach a consensus. 14 October, the two sides in Beijing started a new round of formal negotiations. It is said, both sides have in GOME 370 home unlisted stores, the existing Board places from 11 to 13, etc. To this end, Zou xiaochun said, "there is no consensus on package solutions. "Zou xiaochun revealed that, during the negotiations including: GOME business strategy issues, restructuring the Board to maintain shareholder legal seat in the Board of Directors, the non-consolidated business listed on the store, the injection of listed companies. "We hope that negotiations can reach some sort of intelligence mould, GOME long-term development of the ' package ', rather than a consensus. "Zou xiaochun, founding shareholder has not ruled out with Bain, Chen of contacts and communication, but founding shareholders that" package "should within a reasonable time, to reach what legal effect. In response, it informed the national business news said that under the current progress of the negotiations, the parties made peace is clearly too early. Controversy: the Board of Directors the right to speak in the interview, the "package" is mentioned most of Zou xiaochun's words, this includes two Board seats and non-listed shop management issues. Recently, Jonathan on media in public that as Gome's second-largest shareholder, Bain Capital "can consider increasing the GOME Board seats". "The Board is increased by two directors of this statement are not yet conclusive, but also in the communication. "Zou xiaochun journalists stressed that" we now are in communication with the various programmes, we are not entered into the Board of Directors, the key is to board a reasonable reflection of the shareholder structure, able to represent all the shareholders of the position and views. "The insiders to national business news said that the two sides of the Board seats did not reach a consensus, to simply increase the Board seats behind the focus remains on the Board seats in the future and who have a right to speak. The Parties pointed out that the key question remains Chen's fate. However, Zou xiaochun said, "Mr. Xiao fate and not now we consider the first focus, founding shareholder of hope Chen left the Board, but this is the next step, the first is the reorganization of the Board of Directors, and then by the new Board of Directors to consider the issue of corporate leaders, and is considering enterprise development strategy. "The negotiations on the focus of another is that non-listed shop is Nov. 1 splits, independent operators, but said the problem of Zou xiaochun yet devised. Zou xiaochun, media reports said shareholder has and Board aspects in some consensus that this argument was not objective and not comprehensive. Zou xiaochun founding shareholders, August 27, 2008-United States agreement on conditional termination "non-listed managed Protocol" notice in writing, does not apply to September 28, the special general meeting of shareholders did not pass some motion. "Our notification is objective and existent, but at the same time it is accompanying conditions, its effect on the assumption that the largest shareholder of five motion are not adopted, but part of the move, this notice is attached conditions. We retain the right to take appropriate action. "But on 30 August, GOME Board to capture family a letter" to you "by Beijing GOME stated that" accept your opinion and at the same time notify your company, our decision will be 31 October unconditionally terminates execution of the relevant agreement, the company in November 1, self-managed non-listed companies. "One insider said that both sides were evaded the issue," the largest shareholder of course do not want to isolate, Bain party did not want to see that non-listed stores each year to the United States contributed nearly $ 2.5 billion net profit. "Zou xiaochun, founding shareholder has always been concerned about the company four aspects. First of all, the United States to maintain industry leadership, ensure that the core competitiveness of enterprises; the second is to maintain the correct direction; the third is the shareholders and Board of Directors on the implementation of effective management of the company; the fourth is the enterprise business continuity and steady development. "We should not operate independently, to reference the above four. ” 1 2

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No. 01: GOME control without the right to dispute the results (Board of Trustees of the discourse

No. 02: preparing for the "battle"