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Source: Times Finance Author: Comprehensive

Source: Tuchong

The relationship between Dong Yuhui and Yu Minhong does not seem to be as fraught with war as netizens imagine.

On August 14, Dong Yuhui talked about his relationship with Yu Minhong during a live broadcast. Some netizens asked not to mention Yu Minhong, and Dong Yuhui asked back: "Why can't we mention Mr. Yu?"

Dong Yuhui said that he and Yu Minhong have a good relationship, and he saw that everyone cares about him. He cannot mention other things because he has signed a contract. "Some media friends sometimes write something, which may be more beneficial to their publicity by creating a tense relationship, but to be honest, there is really no problem between us," he said.

A month ago on July 25, Oriental Selection issued an announcement announcing Dong Yuhui's resignation, and announced that Oriental Selection would sell 100% of the equity of Huitongxing to Dong Yuhui for RMB 76.5855 million.

Yu Minhong said that the equity purchase money that Dong Yuhui needed to hold in Huitongxing would be paid in accordance with the rules of listed companies and the company's articles of association. In other words, the money Dong Yuhui used to buy the company was paid by Yu Minhong, and the company was given to Dong Yuhui.

At the same time, Yu Minhong said in a letter to shareholders that in order to express his gratitude to Dong Yuhui, in addition to paying all the promised benefits, he has pleaded with the board of directors and the remuneration committee and obtained their consent to reward Dong Yuhui with all the net profits of Hui Xingxing.

On July 26, during a shareholder conference call of Oriental Selection, Yu Minhong mentioned Dong Yuhui's income. He admitted that it was inconvenient to disclose specific data, but he believed that the current treatment given to Dong Yuhui was reasonable and even generous. Yu Minhong said at the meeting: "There is really no gap between Dong Yuhui and me. Although we have different views on business, I feel that Dong Yuhui and I are close friends regardless of age, even though I am one year older than Yuhui's father. This breakup is a helpless move, because this world is not a world for the two of us."

According to media reports, an insider revealed that since becoming popular in June 2022, Dong Yuhui's total pre-tax income from Oriental Selection has reached approximately 600 million yuan, but 140 million yuan of it has not yet been received, and a small number of shares have not yet been attributed.

(Times Finance Liu Ziqi compiled from Yilan Entertainment and Fast Technology)