After the first topic was passed unanimously, the atmosphere at the conference table relaxed significantly.
"The first issue has passed. There is still a second one."
Zhao Chen picked up his glass of Pu'er and took a sip, looking at the people present.
"Other matters. If you have anything to mention, you can mention it now."
Xu Yong and Sun Zhengping exchanged glances and both shook their heads.
Song Zhongping said that the acceptance of the construction nodes at Chen Wei was still in progress, and he had to rush back to Haoyu Construction. He had nothing else to add.
Chen Qiming stated that Investment Decision-Making Committee Secretariat's preparation plan will be submitted as a first draft before next week, and there are no additional issues.
Liu Mingyu opened the meeting agenda and checked it again, and was about to announce the adjournment of the meeting--
"I have something to mention." Shen Jue spoke.
Her voice was not loud, but everyone present stopped what they were doing.
Song Zhongping was already halfway standing up to leave, but after hearing this, he sat back down.
Chen Qiming Open the laptop that you just closed a crack.
Xu Yong took off his glasses and wiped them. After putting them back on, his eyes fell on Shen Jue's face.
Shen Jue rarely takes the initiative to mention "other matters" on Board of Directors--
She is not the kind of shareholder who is so silent that she has no sense of existence.
But the way she participated in discussions was always to discuss the matter as it happened, without making any detours, paving the way, or wasting time.
Because of this, when she said, "I have something to mention," everyone knew that the matter was not light.
"Zhao Zong, I did not object to the Investment Decision Committee power decentralization plan just now, and voted in favor."
Shen Jue closed the revised draft in front of him and pushed it to the table.
"Henglong With the current scale, it is really not suitable to put all the important Decision-Making Rights on one person.
But I have a question - are you ready for Henglong to no longer be 'your' Henglong?"
The air in the office suddenly became quiet.
It's not the kind of awkward silence, it's the kind of silence that Shen Jue stabbed someone with extremely precise words that everyone was vaguely aware of.
But no one has ever spoken out the problem in front of Zhao Chen,
The whole Meeting Room is waiting for the silence from Zhao Chen's answer.
Shen Jue did not wait for Zhao Chen to answer.
She didn't speak fast, but every word was like water drawn from a deep well after repeated thinking, deep and clear.
"In the past two or three years, Henglong almost all major decisions have been made based on your judgment.
Short Selling Henglong Holdings, seize power, Bitcoin build a position, buy the bottom A-share, heavily position Tesla and Nvidia, invest in Bubble Mary, invest in Green Energy Technology--
Every step you take is correct when you look back, so no one here has ever questioned your decision-making logic. But that's not the point."
She raised her eyes and her eyes met Zhao Chen's.
"The point is, when Henglong relies more and more on the system rather than one person's judgment to operate,
Can you calmly accept the result when Investment Decision Committee vetoes your proposal?"
Zhao Chen did not answer immediately.
"You just handed over a single transaction of more than 500 million Decision-Making Rights to Investment Decision Committee. This is of course right.
But the system is just the skeleton, and the flesh and blood are people's habits."
Shen Jue's voice slowed down a little, but the strength did not loosen.
"If your deep-rooted habit is still after Investment Decision Committee vetoes your proposal,
Use your identity as the first Major Shareholder to promote what you want to promote--
Then the draft passed today is just a piece of paper that is only cited in litigation, and is not a true separation of powers."
Song Zhongping's finger stopped on Briefcase.
Chen Qiming lowered his head and looked at the first draft of the Investment Decision-Making Committee Secretariat preparation plan on his computer screen, but did not turn the page.
Xu Yong pushed up his reading glasses and nodded thoughtfully.
They are all the strongest supporters of Zhao Chen in Henglong, but it is precisely because the support is deep enough,
It became clearer that what Shen Jue was asking was not Zhao Chen's decision-making ability, but Zhao Chen's institutional awareness.
Zhao Chen put the tea cup on the table, and the bottom of the cup hit the solid wood tabletop with a light and clear crisp sound.
"Director Shen, I thought about the question you asked when I was drafting this draft."
His voice was not high, but every word fell in the quietest layer of air in Meeting Room,
"Before Investment Decision Committee was established, Henglong needed a decisive decision-maker.
At that time, someone needs to make a decision on the direction of Real Estate Transformation, and someone needs to be responsible for the window period for building a position in A-share.
Short Selling Henglong Someone needs to stand up and tell the entire market, 'You are wrong'.
At that stage, efficiency was more important than checks and balances.
But it's different now - Henglong's total assets are close to 20 billion, and its positions are spread across A-share and Hong Kong Stocks.
Bubble Mary, its investment company, will be listed soon, and Green Energy Technology Series C is valued at more than 5 billion US Dollar.
With this size, all Decision-Making Rights can no longer be tied to one person's judgment.
Not because my judgment will be wrong, but because Henglong must learn to function without me."
He paused, and his voice became softer, but more powerful.
"So the answer is simple. If Investment Decision Committee vetoes my proposal, I will accept it.
Don't accept it with words, but accept it with actions.
Don't communicate with committee members afterwards, don't promote it in private, and don't mention it in a different way at the next meeting.
This system was proposed by me on my own initiative.
If I am the first to violate it, then Henglong will really become the stack of paper you just mentioned."
Shen Jue was silent for a few seconds, and slowly turned his fingers around the edge of the tea cup.
Then she picked up the cup of Iron Goddess of Mercy that had completely cooled down, took a sip, and put it down.
"Okay. I withdraw what I just said."
Her tone was half a beat softer than usual, but everyone could hear the meaning hidden in this half beat--
It was not that he was convinced by Zhao Chen, but it was confirmed that Zhao Chen was not persuaded by his own power to become bigger.
Everyone present silently re-weighed the weight of this sentence in their hearts.
Shen Jue put down the cool tea cup and continued to ask.
Her tone was still calm, but anyone who knew her well could tell that this second question was more serious than the first.
"I have a second question.
This time Henglong was hunted by Short Selling and you were hunted by Wall Street. We almost lost Control.
Although the stock price has now risen from 40 to 112, and the market value has exceeded 60 billion,
But if we encounter a similar Short Selling next time, does Henglong have enough countermeasures?
If this kind of situation happens again, can we only passively wait for your personal assets to be transfused?
Or can we establish an institutionalized defense mechanism at the group level?"
Zhao Chen paused slightly in picking up the teacup, then put the teacup back on the table.
He didn't answer immediately, but leaned back in his chair and thought for a moment.
"We have set aside a thicker liquidity buffer at the Henglong Capital level.
The valuation of Green Energy Technology Series C is close to 1.6 billion US Dollar. After Bubble Mary is listed, the part of Fair Value held by Henglong will be even higher.
These two pieces of Unlisted Equity can provide a certain amount of pledge financing space when necessary. I no longer need to take risks with my personal Henglong stocks.
This asset is a line of defense for the entire group in times of crisis."
He slightly raised his chin in the direction of Zhang Qingxue.
Zhang Qingxue added more precise numbers and structures for him--
She is negotiating with several long-term Partner Bankss to create Comprehensive Credit Line based on the Unlisted Equity combination under the name of Henglong Capital,
The preliminary framework can release approximately 300 to 400 million US Dollar standby credits, which does not involve Major Shareholder personal stock pledges.
And the transfer of funds needs to be co-signed by an independent committee.
The current overall debt ratio of the group does not exceed 18%, and there is still sufficient buffer from the Risk Trigger Threshold set internally by the company.
"But I want to be honest,"
Zhao Chen Take the words back,
"The system cannot absolutely protect against extreme risks.
What Henglong ultimately needs is still a Core Shareholder with sufficient capital depth to withstand the pressure.
This time we set up the institutional framework in advance and left ample buffer space."
Shen Jue looked at him and did not ask any further questions.
She uncrossed her hands in her lap.
"That's enough." she said.
Song Zhongping's shoulders, which had been tense all the time, finally let go of Panasonic and zipped Briefcase up again.
The three Independent Director each put the revised draft into their own handbags,
Wu Hongyuan patted Zhao Chen on the shoulder before going out.
Liu Mingyu closed the meeting minutes and announced the adjournment of the meeting.
Shen Jue picked up his car keys and stood up from the table.
He paused for a moment when passing by Zhao Chen.
"Zhao Zong, I believe your decision is for the healthy development of Henglong."
After saying this, she turned around and walked out of Meeting Room. The sound of high heels hitting the ground in the aisle gradually became distant.