On August 8, last year, NVC Lighting announced the dismissal of Wu Changjiang’s CEO. On August 29, NVC Lighting held an extraordinary general meeting in Hong Kong. More than 95% of the shareholders voted to remove Wu Changjiang's directorship and his position in any committee of the board of directors. Wu Changjiang was arrested on January 12, 2015 for acts such as illegal mortgages.
According to China's Criminal Procedure Law, the investigation period of the criminal case public security organ is calculated from the approval of the arrest for 2 months. For difficult and complicated cases, the application can be extended. The case is sent to the procuratorate for review and prosecution. The period is one month, but the procuratorate believes that If the case is unclear, the supplementary investigation may be returned. The supplementary investigation time is one month. If the case is complicated, it may be extended after approval.
A person close to the case said that the case was more complicated due to new evidence, and the case would be further supplemented by the case.
Wu Changjiang's defense lawyer in this case, Xiong Zhi, a Beijing-based Beidou Dingming Law Firm, said that he is currently in the United States and has not received a notice from the court.
According to the annual report, NVC's net profit in the past three years was 545 million yuan, 0.08 billion yuan, and 245 million yuan. Wang Donglei said that NVC Lighting's 2014 audited performance report will be announced after the board of directors deliberated on May 13th. As of the latest situation, the business performance of NVC Lighting will not change significantly.
In addition, according to the data, Wu Changjiang’s 130 million shares of Dehao Runda (002005) were frozen by the Zhuhai Intermediate People’s Court of Guangdong Province, the Huizhou Intermediate People’s Court of Guangdong Province, and the Chongqing Higher People’s Court. Runda’s board secretary Deng Fei said that NVC Lighting has initiated several legal procedures.
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