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On the evening of July 26, Luo Yonghao talked about Dong Yuhui's "going solo" incident in the live broadcast room. Luo Yonghao commented that the essence of this matter was "Dong used the money earned by Dong Yuhui to buy back Dong Yuhui's own company." However, Luo Yonghao thought that Yu Minhong's final handling (method) was still acceptable, and the reason for the breakup disclosed by Yu Minhong in the open letter was "still very sincere."

Regarding Yu Minhong's revelation that he shared 140 million yuan in profits from Yuhui Tongxing in the past six months with Dong Yuhui, Luo Yonghao said, "This company is called Yuhui Tongxing, and it was established independently of Dongfang Zhenxuan. Mr. Yu himself said that the company made 140 million yuan in profits in the past six months, and then he (Dong Yuhui) took the 140 million yuan away. Of course you should let him take it. Did you account for the first two years? If you take the rest in the future, your reputation will basically be ruined."

Luo Yonghao said that he thought the final treatment of Yu Minhong was acceptable, "He didn't ruin his first half of life, so the matter was handled well." However, when answering questions from netizens, Luo Yonghao believed that "Yu Minhong's behavior was not only unfair to Dong Yuhui, but also to the shareholders."

In Luo Yonghao's opinion, neither Yu Minhong nor Dong Yuhui will be happy about this (the breakup). "It is obvious that Mr. Yu is unhappy, needless to say. I highly doubt whether Xiao Dong will be happy in the future. His biggest interest is not making money. Now that he is forced to be independent, he has to find a business partner to do business together. These unhappiness are inevitable."

"Objectively speaking, you can also say that his (Dong Yuhui's) crisis has just begun," Luo Yonghao said, "because if a person originally worked in an institution and finally took the step of independence, the problems he will face later will be extremely difficult."

Luo Yonghao frankly said that he did not want any major incidents to happen at Dongfang Selection. "For a company that has come this far and employs so many people, stability is the best thing. This is for both stock investors and the practitioners of these institutions. But it is indeed a pity. It could have been a good thing for everyone, but due to improper handling, it is very regrettable."

As for Dong Yuhui's future, when the "Little Composition Incident" fermented in December last year, Luo Yonghao also said in the live broadcast room that he suggested Dong Yuhui to start a business directly, but emphasized that he should find a very reliable legal counsel. "Find a reliable senior legal counsel to help him check and ensure that his personal interests are not violated. He only needs to do his part well, and the business will be successful."

On July 25, Dong Yuhui resigned from Oriental Selection and acquired 100% of the shares of Yuhui Tongxing from Oriental Selection players at a cost of RMB 76.59 million, ultimately achieving 100% personal shareholding.

On July 26, "Yu Minhong and Dong Yuhui's 218 million yuan breakup fee" became a hot search on Weibo, with the topic reading volume approaching 100 million. However, at the shareholder conference call on the afternoon of July 26, Yu Minhong revealed that Dong Yuhui's purchase of Yuhui Tongxing for more than 70 million yuan would be paid through a certain cooperative relationship between New Oriental and Dong Yuhui, which would comply with all regulations of New Oriental as a listed company in the United States and would not infringe on any interests of Dongfang Selection.

Yu Minhong also revealed that the 140 million yuan net profit on Huitongxing's account was the net profit left after the corresponding income had been allocated to Dong Yuhui, which should have belonged to Dongfang Zhenxuan 100%. As for why the 140 million yuan net profit that should have belonged to Dongfang Zhenxuan according to the agreement was given to Dong Yuhui, Yu Minhong explained that this was decided by the board of directors after his proposal. The first reason was that Dong Yuhui had made a huge contribution, and the second was that the equity that was to be distributed to Dong Yuhui had to be taken back because his work term had not expired, so this was a cash subsidy for him.

Written by: Southern Metropolis Daily reporter Wang Chenchen