Although Chu Chen held no official position in the group, his 10% stake made him a major shareholder in the Chu Group, and his seat was conveniently placed next to Chu Yu.
"Now, let's invite the chairman to speak on behalf of the board." The person presiding over the meeting began to proceed with the meeting agenda.
Under everyone's watchful eyes, Chu Yu slowly stood up, a perfectly timed smile appearing on her face.
However, just as she was about to speak, Huang Yinian interrupted her with a gesture, "Excuse me, I suddenly remembered something."
It was obvious that he didn't mention it earlier, nor before the meeting, but waited until the meeting officially started to interrupt Chu Yu in front of everyone, which was clearly a deliberate act.
Chu Yu took a deep breath, calmed herself, and continued to smile, "Go on."
Huang Yinian didn't even get up, but leaned back in his seat with a smile on his lips.
" Miss Chu said that President Chu is only slightly unwell, but I still can't figure it out. If President Chu is fine, then why couldn't he attend today's shareholders' meeting, and why did he ask you to represent him?"
Chu Yu himself slightly and calmly replied, " President Chu is still abroad; it's impossible for him to fly back to China overnight."
Huang Yinian frowned slightly, feigning doubt. "Really? Then why don't we postpone the meeting for now and wait for President Chu continuing? That way, we can also take the opportunity to dispel the rumors circulating outside that President Chu is seriously ill."
Seeing Huang Yinian's aggressive attitude, the minority shareholders realized what was going on.
It seems Huang Yinian is taking advantage of Chu Tingnian's absence today to formally declare war and seize the throne.
Someone quickly nodded in agreement. " Director Huang is right. Since we're all already here, waiting a few more days won't make a difference."
"That's right, nobody really knows what's going on with President Chu. What if it really is..."
Seeing the shareholders suddenly erupt in a cacophony like market vendors, Chu Yu's eyes darkened, and he braced his hands on the edge of the conference table.
"Quiet down, all of you!"
"I've said it before, I will be representing Chairman President Chu at this shareholders' meeting today, and all my rights are equal to those of the Chairman himself. Anyone who continues to make irresponsible remarks or disrupt the meeting order will be expelled!"
Chu Yu, barely in his early twenties, pointed to the conference room door with a cold expression that inspired awe in everyone.
The shareholders, who had been chattering away just moments before, fell silent, as if trembling with fear.
A fierce glint flashed in Huang Yinian's eyes. He repeatedly rubbed the ring on his ring finger with his fingertips, but did not speak again.
Seeing that the meeting room had returned to silence, the person presiding over the meeting breathed a sigh of relief and looked at Chu Yu with a hint of respect.
She had initially thought today's meeting would be very difficult.
After all, with President Chu absent and the group leaderless, it's inevitable that the subordinates will cause trouble.
Now it seems that like father, like daughter; Miss Chu Yu does indeed possess some imposing presence.
Chu Yu continued his speech, "I know everyone is a bit agitated because of today's news, which is perfectly normal. I can now tell you very clearly that President Chu in excellent health and will live a long and healthy life."
"Those who want to engage in underhanded tactics should abandon that idea now. And those who are worried that this might cause changes to the Chu Group, please rest assured, the Chu Group will be fine. Just stay in your position as shareholders and wait for your regular dividends."
Chu Yu's warning was clearly effective.
Some of the more impatient minority shareholders coughed awkwardly and quickly nodded in agreement.
Suddenly, a soft laugh echoed in the quiet meeting room.
Everyone looked in the direction from which the sound came, and saw that the laughter had come from Huang Yinian.
Huang Yinian dusted off his non-existent dust from his suit jacket, stood up, and looked at Chu Yu. " Miss Chu's words are very eloquent, but I still want to point out that while the Chu Group's development in recent years appears to be steadily growing, in some areas it has actually reached its ceiling."
"I can assure you all that if Chu Group's continues to operate like this, it will definitely be overtaken by other companies in the same industry within two years. Therefore, upgrading and transformation are extremely important for Chu Group's at present."
The shareholders, each with their own thoughts, began to ponder.
After all, regardless of who they support, these people's primary concern is their own personal interests.
Huang Yinian finally revealed the plan he had been secretly preparing for all these years. "So a month ago, I submitted a temporary proposal to the board of directors to remove the current chairman Chu Tingnian. I think it's time to seek the opinions of all the shareholders."
Chu Yu stared directly at Huang Yinian, her fingers tightening slightly.
It turns out that Huang Yinian had been secretly preparing to remove the chairman a month ago.
Upon seeing this, Chu Chen pursed his lips tightly, his heartstrings tightening.
"Alright, let's proceed directly to the meeting and vote." Chu Yu's clenched hand suddenly relaxed.
Out of the corner of her eye, she noticed a man in a black suit in an inconspicuous corner of the conference room.
The requirement for voting at the meeting is that a proposal can be passed if the number of votes in favor accounts for more than half of the total number of votes cast at the meeting.
Conversely, if the number of negative votes prevails, then today's proposal to remove the chairman will be directly abolished, and a second vote on the proposal cannot be held for a short period of time.
Currently, Chu Yu, Chu Chen, and Chu Tingnian together hold a total of 40% of the shares.
Converted into voting votes at a ratio of one share to one vote, that is, forty votes.
Therefore, in this meeting's vote, Chu Yu only needs to garner eleven more votes to successfully repeal the proposal.
A note from the author:
All the settings regarding the shareholders' meeting in this chapter are mainly referenced from the Baidu Encyclopedia.