Chapter 364: Forcing the Emperor to Abdicate!!
The crystal chandelier in the conference room suddenly flickered.
Qin Han's slender fingers stopped at the title page of the document. He slowly raised his head and looked at everyone leisurely: "Before answering your questions, why not take a look at some interesting data first."
As he finished speaking, Shen Lan had already turned on the big screen in the conference room and plugged in a USB drive.
A PPT soon appeared on the big screen...
"Please take a look at this. This is a detailed comparison of Infinity Auto's R&D investment, market share, and profit margin over the past three years. It is clear that the company's development is showing a clear downward trend."
"Among the three major new car-making forces, Infinite Auto is clearly in decline and is falling behind more and more obviously..."
“How many new Infinity Motors cars can we still see on the road now???”
"This is the loss of Infinity Auto in recent years. It has been increasing year by year, and last year it hit a new high... It lost 20 billion in one year!!! This is simply a breakthrough for the global automotive industry. Anyway, I have never heard of it!"
"Where did the 20 billion loss come from?"
“It’s all our investors’ money!”
There was silence in the conference room. The shareholders looked at the data presented on the PPT with frowns on their faces, and their expressions gradually became solemn.
"All of this is closely related to the company's current development strategy and decision-making." Qin Han paused slightly, his eyes like lightning, slowly sweeping across the entire room, finally landing on Sun Zhiqiang's dark face.
Sun Zhiqiang gritted his teeth, veins popping out on his forehead, and retorted: "The market environment is changing rapidly, and these data cannot fully explain the problem! You are deliberately smearing me, and you have ulterior motives!"
"Haha, I deliberately slandered you? Do you still need me to slander you?"
Qin Han laughed, crossed his legs and said, "Let's not talk about anything else, let's just talk about what happened a few days ago. How much shock did the spontaneous combustion of three Infinite X7s cause in the industry? Mr. Sun, how did your public relations department deal with this brand crisis?
The matter has not been investigated clearly yet, but you are in a hurry to announce the recall of cars just because the stock price dropped a little. I am really shocked. What are you thinking?
Once you recall the car, isn't that an admission that there are quality problems with the car?
Will this not cause panic among consumers???
The statement of your PR department is absolutely stupid and stinking! This is adding fuel to the fire of this public opinion crisis! ! Are you afraid that the public opinion of Infinite Auto is not big enough? Do you think that being black and red is also red?
You must not tell me that your PR department has been instigated by someone...
Then I will doubt your management ability and IQ even more!
If this incident hadn't been so serious and the country hadn't intervened, and the spontaneous combustion of the Infinite X7 wasn't its own fault, we wouldn't be able to sit here peacefully at this moment, and I'm afraid we would have already been bankrupt and liquidated!
I believe that with your intelligence, you will never think that I am exaggerating! "
Sun Zhiqiang's face turned red and white, and he was breathing heavily with anger, but he was unable to refute it. After all, the facts were there, and it happened not long ago.
This made him feel very uncomfortable, like he had swallowed a fly.
As for the other shareholders, they all looked unhappy.
In fact, Sun Zhiqiang and his colleagues have not been satisfied in recent years. Just as Qin Han just said, Infinity Auto has been losing money for years and has spent a lot of money, but its market share has been declining year after year. No one knows where the money has gone.
As for the crisis they had just overcome, they were extremely angry and disappointed.
The public relations operation is not even as good as that of a three-year-old child. When a three-year-old child is wronged, he or she knows how to refute instead of admitting the mistake at the first time.
Wilson sat there, his blue eyes narrowed slightly behind his glasses. "Mr. Sun, I have always been optimistic about Infinity Auto, but your decisions in recent years have been full of loopholes. Your market share has been eroded by competitors, and your company's image has plummeted. If this continues, I am very worried that the investment in this project will be lost."
He shook his head slightly, his face full of disappointment.
"Mr. Sun, we trusted you over the years and invested in Infinite Auto, but what did we get in return? Years of losses, shrinking market share, and the handling of this crisis was a mess. Our money didn't come from the wind, you have to give us an explanation!" Zhang Mingzhe slammed the table and began to question.
Lin Shuyi then said: "Temasek has invested a lot of resources in Infinity Auto, expecting a good return. But the current situation has forced us to reconsider our investment strategy. If we cannot change the current situation, we may re-evaluate our support for Infinity Auto."
After the three of them spoke, the other shareholders could no longer sit still and began to express their dissatisfaction.
"Mr. Sun, Infinity Auto was once a star company in the industry, and its brand image was extremely important. But now, negative news continues, and the brand reputation has plummeted. I invested a lot of money because I was optimistic about the brand's potential, but now..."
"In recent years, a lot of R&D investment has been made, but few results have been achieved, and the direction has deviated from market demand. I have said long ago that battery swapping is not advisable, and the market is very immature!"
"Boss Sun, being stubborn is not terrible, but being stubborn even when you have already seen failure is stupid!"
"And this time, why did the PR department make such a stupid response? Mr. Sun, was this your instruction, or were you unaware of it? You must give all of us a reasonable explanation!"
"Mr. Sun..."
Suddenly, the conference room became very lively.
Some shareholders used harsh words to accuse Sun Zhiqiang of making wrong decisions; others used a more tactful tone, but also expressed their concerns about the company's future development and doubts about Sun Zhiqiang's leadership ability.
In short, there are no good words!
Sun Zhiqiang sat there, feeling very uncomfortable. His hands were clenched tightly under the table, his nails dug into his palms, but he felt no pain at all.
At this time,
Qin Han smiled slightly, stood up calmly, and scanned the entire audience with a determined look.
He raised his hand slightly, signaling everyone to be quiet, then took a document from Shen Lan and slowly opened it.
"Everyone, I understand your feelings at this moment."
His voice was steady and powerful. After a pause, he continued, "So, I came here today and initiated this extraordinary shareholders' meeting, and proposed to re-elect the chairman of Infinity Auto. Mr. Sun just asked me... why?"
"hehe."
"I rely on this!"
As he spoke, he gently threw the documents in his hand onto the conference table.
At the same time, the large screen in the conference room switched in time, and an electronic version of the document appeared.
The title is particularly eye-catching - "Details of Qin Han's shares in Infinity Automobile."
The document slowly unfolded, and a large number appeared clearly. Everyone's eyes gradually widened as the pages scrolled, and shock spread in their hearts like a tide.
"This...how is this possible!"
Sun Zhiqiang, who is usually calm and capable, stood up in a state of disarray at this moment, pointing at the screen with trembling fingers, and his voice was so sharp that it was a little distorted.
He thought he had already predicted the situation, but the numbers in front of him completely overturned his imagination. "How is it possible to accumulate such a huge amount of shares in such a short period of time? This is not common sense!" His voice echoed in the conference room, full of disbelief.
Wilson gripped the armrests of the seat tightly with both hands, his blue eyes behind the glasses widened in disbelief.
As a representative of JPMorgan Chase, he was accustomed to the ever-changing business world, but he never thought that the situation would reverse so dramatically.
"31%! This is far beyond our expectations..."
He murmured, his voice full of deep shock.
Wilson turned to look at Zhang Mingzhe beside him, and raised his voice unconsciously: "Boss Zhang, what's going on? Our previous intelligence was completely wrong!"
Zhang Mingzhe frowned and shook his head slowly, not knowing how to answer for a moment.
His eyes flickered as he quickly thought about how to deal with the current situation. Should he form a united front with Sun Zhiqiang, or support the aggressive Qin Han?
Lin Shuyi also frowned in surprise. She had expected that the shares held by Qin Han would definitely not be small, and must be more than the 15% mentioned by Sun Zhiqiang. However, she did not expect it to be so much more, almost more than doubled!
"With such a huge shareholding ratio, it's no wonder he is so confident."
The assistant behind her came closer and whispered, "Boss Lin, this is too much of a change. We need to re-evaluate the situation."
Lin Shuyi nodded slightly, her expression solemn.
When the other shareholders saw the number "31%" on the big screen, their faces suddenly changed and they started making phone calls.
Some asked their subordinates to send letters to the meeting to inquire about the specific details of the equity changes in Infinite Automobile, some reported to the company's higher-level leaders, and others asked for the opinions of other board members of the company.
In short, after Qin Han revealed his cards, all the shareholders of Infinity Auto were thrown into disarray!
However, the person who had the greatest influence was Sun Zhiqiang.
He seemed to be struck by a bolt of thunder, and froze in place.
His face turned pale as paper in an instant, and beads of sweat the size of beans rolled down his forehead, slid down his cheeks, and dripped onto the conference table.
His eyes were fixed on the screen, his look was empty, as if his soul had been taken away.
"No...this is impossible!"
Sun Zhiqiang suddenly came to his senses, roared at the top of his lungs, and waved his hands wildly, as if to shake off the reality before him.
"You must be cheating! You must be cheating!" His voice, filled with despair and unwillingness, echoed in the conference room.
Qin Han looked calm, shook his head slightly, and said slowly: "Boss Sun, these data are officially recorded and can be checked at any time. Besides, do I need to falsify them?"
"With just the 10% you transferred to me and the 5% I bought from Mr. Li, I have 15% in my hands. Infinite Auto's stock price plummeted to the bottom a few days ago. I have no reason not to buy more from the secondary market, right?"
"Boss Sun, if you really can't get over this, then just blame your PR department. Who made them play such a bad hand?"
“If it weren’t for their poor public relations, how could Infinity Auto’s stock price have collapsed so drastically?”
Speaking of which,
Qin Han glanced at the other shareholders and said calmly, "The facts are before us. Infinity Motors needs a new leader to lead everyone out of the predicament and towards new heights. Here, I once again propose the election of a new chairman!"
"According to the relevant provisions of the Company Law, shareholders holding more than one-third of the company's voting shares have the right to propose the convening of an extraordinary general meeting of shareholders to make decisions on major matters of the company, including the reorganization of the board of directors. I hold 31% of the shares and already have this power."
His voice was clear and steady, echoing in the conference room, and every word was like a heavy hammer, striking everyone's heart.
Sun Zhiqiang had calmed down from his initial frenzy. He sat on a chair, his eyes bloodshot, staring at Qin Han, gritting his teeth and saying, "Even if you have the power to propose, it doesn't mean you can succeed! How can a person like you who suddenly appeared change the direction of the company's development at will?"
Although his tone remained firm, his slightly trembling hands betrayed his inner panic.
Zhou Hongfei, who had been silent the whole time, finally spoke. He pushed his glasses on the bridge of his nose and said cautiously, "Boss Qin, although you have a legal basis, restructuring the board of directors is a matter of great importance. It means that the company's management structure will undergo earth-shaking changes. We need time to weigh the pros and cons."
Qin Han smiled slightly and responded calmly: "I understand your concerns and respect your opinions!"
"But Infinity Motors' current situation does not allow us to be indecisive any longer!"
"Looking at the company's performance over the years, its market share has been continuously eroded by competitors, and its brand image has been severely damaged by a series of negative events. If it continues to use the old management model and decision-making mechanism, Infinite Auto will only sink deeper and deeper into trouble."
"Besides that, external competition is becoming increasingly fierce and the industry is becoming more and more competitive!"
"Everyone, calculate for yourself how many of your colleagues died last year? And how many of your colleagues died the year before last?"
"And a new king appears!!"
"It's like sailing on water. If you don't move forward, you will move backward!"
"Do you want to be the next Jiyue? Or the next Gaohe? Or Nezha?"
The conference room fell into silence again.
after awhile,
Wilson coughed lightly, breaking the brief silence: "Boss Qin, you proposed to reorganize the board of directors. What will the composition of the reorganized board of directors be? What specific development plans will it have? What you said just now is very correct. After all, we are more concerned about the future direction of the company and whether our interests can be protected."
Qin Han looked at Wilson firmly and said, "Mr. Wilson, this is exactly the point I am going to explain next."
“After the reorganized board of directors, I will invite the industry’s top technical experts, marketing talents, and senior management personnel to join and inject new vitality into the company.”
"In terms of development planning, we will increase investment in the research and development of core new energy technologies, such as magic carpet suspension, three-electric system, battery safety, high-end intelligent driving, etc., to launch more competitive products!"
"In addition, we strictly control and optimize material costs to reduce costs and increase efficiency!"
"At the same time, we will comprehensively sort out our product lines, design the most fashionable, novel and beautiful products, and only sell the most fashionable, novel and beautiful products!"
"I won't say anything else, just look at the rice and you will know. Rice has proved that this is very feasible!"
...(End of chapter)