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the longest shareholders' meeting in the history of a-shares: more than one day has not yet been completed, and two local state-owned assets are fighting fiercely

2024-09-01

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the battle for the controlling rights of colin electric ended in a fierce battle.

the market originally expected that the relevant announcement of the completion of the election of the board of directors and the board of supervisors would be released on the evening of august 30. however, one day later, as of press time,the winner between qingdao state-owned assets and shijiazhuang state-owned assets is still unknown, and the result of the change of leadership remains a mystery.

the reason behind the delay in the announcement was a shareholders' meeting that set a new record for a-shares. the shareholders' meeting started at 2 p.m. on august 30, and after two temporary adjournments, it had not yet ended when the reporter went to press on august 31.

a small shareholder who attended the meeting revealed that the first phase of the meeting lasted until about 2:30 a.m. on the 31st, and the meeting host then announced a temporary adjournment. the meeting resumed at about 10 a.m. on the 31st, and was adjourned again at about 12 noon. according to the plan, the shareholders' meeting will continue this afternoon.

the shareholders' meeting mainly discussed the relevant proposals for the election of the board of directors and the board of supervisors of kelin electric. the leading forces behind it mainly came from two parties, hisense network energy and shijiazhuang state investment. these are the two core state-owned capital forces left in the "three kingdoms" battle for the controlling rights of kelin electric. after months of fighting in the air, the two sides took advantage of this shareholders' meeting to usher in a direct offline confrontation.

this confrontation will not only push the battle for the controlling rights of colin electric to a climax, but also mean that the six-month battle for the controlling rights of colin electric has officially entered the "final battle".

this shareholders' meeting was not only long, but also full of tension. yesterday, the reporter from e company went to the office of colin electric company and found that the security on site was extremely strict. before the meeting started yesterday, the company set up at least two shareholder identity verification procedures. there were nearly 10 security and identity verification personnel at the entrance of the work area, all of whom were men.

although many listed companies have a list of participants for shareholders' meetings, if you have not registered in advance, you can provide your registration documents and apply for a replacement on the spot. in contrast, the security personnel of colin electric refused entry to all those who were not on the registration list and rejected the request for a replacement.

"today is so special." a salesperson from colin electric told reporters, "i heard that the company has frozen all other meetings and receptions in the past two days."

the strict entrance control intensified the "gunpowder smell" at the shareholders' meeting, with many participating shareholders lamenting that "security is really strict"; and "just go in! how can there be so many problems?" and other "hard-line" voices also occasionally appeared.

a security inspector asked the person entering the venue, "who are you?" and asked him to "show his id." the response he got was that he was a candidate for director from hisense network energy. there were many verbal and even physical conflicts between the "hardliners" and the security guards.

although unable to enter, the reporter still learned some on-site conditions from shareholders who attended the meeting. "mobile phones are absolutely not allowed on site, and recording, taking photos and videos are not allowed." a shareholder told the reporter that the process of shareholders entering the system operation is very long.

there were signs of the fierce competition between the two state-owned shareholders for board seats. before the shareholders' meeting, hisense network energy and shijiazhuang state investment both issued public announcements through kelin electric to solicit voting rights.

in the announcement, hisense network and shijiazhuang guotou solicited voting rights from all shareholders except the solicitors for relevant proposals such as the election of directors and supervisors at the shareholders' meeting. both parties actively demonstrated the advantages of their director candidates to small and medium shareholders. in addition to the different candidates, both parties stated that the candidates were qualified to be directors or independent directors in terms of education background, work experience, professional ability and professional accomplishment, and that the candidates had not been punished by the china securities regulatory commission and other relevant departments or punished by the stock exchange.