Zhao Chen knows very well that everyone can accept this not because he is eloquent, but because the data and logic are here--
Mololoy's popularity is a fact, Bubble Mary's growth is a fact, and Shen Jue's endorsement is also a fact.
Liu Mingyu looked at the time and said, "The second item is over. Let's move on to the third item--"
Zhao Chen raised his hand and interrupted him, "Wait a moment. Before the third item, I want to say a few words."
Everyone looked at him.
Zhao Chen said, "I know that some directors think my operation is too radical this time.
Signing the contract first and reporting later is indeed inconsistent with the normal process.
But what I want to say is - Henglong needs to transform and cannot proceed step by step. Good projects wait for no one, and good opportunities wait for no one.
If you have to wait for Board of Directors to open before taking action every time, the day lily will be cold."
He looked at Sun Zhengping, then at Wu Hongyuan:
"I promise that if I encounter similar situations in the future, I will communicate with all directors as soon as possible.
But I also hope you understand - some decisions must be made within an hour or two. I need this authorization."
Sun Zhengping was silent for a while, then nodded:
"Chairman Zhao, I understand. But there is one thing - in the future, such emergency decisions must be reported to Board of Directors as soon as possible.
Directors cannot be allowed to see what the company does on the news."
Zhao Chen said, "It should be."
Seeing that the atmosphere had eased, Liu Mingyu quickly moved forward with the agenda. "Okay, the third item - the authorization proposal to acquire Bubble Mary Existing Shares Holder Shares."
He read out the core provisions of the bill:
"Authorize Chairman Mr. Zhao Chen to decide on the acquisition of Bubble Mart Existing Shares Holder Shares within the scope of the total amount not exceeding Two Hundred Million yuan per person RMB and the single transaction not exceeding Fifty Million RMB.
The average acquisition price shall not exceed 1.2 Billion Valuation. After each acquisition is completed, it must be reported to Board of Directors."
Meeting Room is quiet.
Everyone knows that once this authorization is passed, Zhao Chen will have complete autonomy in the matter of Bubble Mart.
No more meetings or approvals are needed, he can just make the decision himself.
Sun Zhengping was the first to speak, "Two Hundred Million, is the quota too big?"
Zhao Chen said, "Mr. Sun, Bubble Mart doesn't have many Existing Shares assets, and the shares that can be sold are limited.
Two Hundred Million is the upper limit, it may not be all spent.
But if I don't have this quota, I can only watch when opportunities come up."
Wu Hongyuan asked, "The average price does not exceed 1.2 Billion Valuation. How is this standard set?"
Zhao Chen said, "The valuation of Private Placement is 1 billion. To acquire Existing Shares, I will pay a premium of 20% and give 1.2 billion."
This price is higher than the market price, and Existing Shares is willing to sell it. But it won't be ridiculously high, and I won't be taken advantage of."
Sun Zhengping and Wu Hongyuan looked at each other and said nothing.
Zhao Chen looked at Shen Jue. Shen Jue nodded and said:
"I have communicated this motion with Chairman Zhao in advance. My attitude is - I agree.
But there are two conditions:
First, the average purchase price does not exceed 1.2 Billion Valuation.
Second, each acquisition must be reported to Board of Directors afterwards.
These two items are already written in the bill."
Xu Yong then said, "I agree with Mr. Shen's opinion."
Wu Hongyuan thought for a while and said:
"I agree. But recommend Legal Department audit each acquisition for compliance."
Zhao Chen nodded. "Okay."
Sun Zhengping was silent for a few seconds and finally said:
"I agree. But if Chairman Zhao, Two Hundred Million is spent, I hope to see the effect."
Zhao Chen said, "You will see."
Liu Mingyu looked around:
"All directors agree. The motion is passed."
He marked it down heavily on the agenda.
After the meeting ended, everyone left one after another.
Shen Jue walked to Zhao Chen and whispered:
"Chairman Zhao, you are very well prepared for today's report.
Sun Zhengping kind of person, you can't convince him with enthusiasm alone, you have to rely on data and logic. You did it today."
Zhao Chen said, "Thank you Director Shen."
Shen Jue patted his shoulder, turned and left.
Only Zhao Chen and Chen Xi are left in Meeting Room.
Chen Xi is packing up information, moving very lightly.
Zhao Chen looked at her and suddenly said, "You are in good condition today."
Chen Xi's hands paused for a moment, and then continued to pack, "I haven't recovered from the jet lag, but I was in good spirits during the meeting."
Zhao Chen nodded and said nothing more.
Some things don't need to be said too much.
It's enough for her to sit here and explain Labobo's terms clearly and prepare the information properly.
Chen Xi finished packing the information, stood up and was about to leave, but suddenly turned around. "Zhao Zong."
"Huh?"
"Yunnan Agriculture's Board of Directors, when should I go?"
Zhao Chen thought for a while:
"There's no rush. Let Zhou Hao go first, and you can go again when they convene Shareholders' Meeting to elect additional directors."
Chen Xi nodded, turned around and walked out.
Zhao Chen sat alone in Meeting Room, opened his notebook, and put a check next to "Board of Directors Authorization: Two Hundred Million".
The first agenda item, Yunnan Agriculture candidate, passed.
The second topic, Bubble Mart investment report, passed.
The third issue, Two Hundred Million acquisition authorization, passed.
The first Board of Directors in 2018 went more smoothly than he expected.
Not because his authority is greater, but because he has calculated every step--
Communicate with Shen Jue in advance, fully prepare the data, and save enough face for Independent Director.
This is the most important lesson Zhao Chen has learned in the past six months--
In Board of Directors, no one will listen to you just because you "are Chairman".
They listen to you because your logic is sound, your data can withstand scrutiny, and your decisions can bring results.
He closed his notebook, stood up and walked to the window.
Outside the window, Shan City sunlight shines through the clouds and shines on the river in the distance.
Shan City in January is not too cold, and there is a moist and refreshing feeling in the air.
Zhao Chen took out his mobile phone and sent a message to Wang An:
"Wang Zong, Henglong Board of Directors has just passed. Existing Share Acquisition, I have started to push forward."
Wang An replied with one word in seconds, "Okay."
Then he added another one, "Chairman Zhao, I heard about Labobo."
Zhao Chen looked at this message and raised the corner of his mouth. The news spread really fast.
He replied, "Let's chat another day."
Wang An posted a Mololoy emoticon.
2018 got off to a smooth start.
But the real battle is yet to come.
There is still a long way to go to completely transform Henglong into a Platform Company company.
The debt of 11.2 billion is the top priority of this year's work.
Strategic Contraction Although initial results have been achieved, it is difficult to see benefits quickly from the transformation--
Whether it is Yunnan Agriculture or Bubble Mary, it is not a project that can see results in one or two years.
There will only be more doubts to face in the future.
He must let Henglong go on according to his own will.
No matter how great the pressure is or how deep the doubts are.
He doesn't mind being arbitrary when necessary.