Five shareholders of Whalen Crystal jointly dismissed Wang Jun from his board of directors Wang Jun himself voted against it

Recently, Whalen Crystal issued an announcement that the company held a board of directors to deliberate and pass the "Proposal on the Joint Request of Some Shareholders to Convene an Extraordinary General Meeting of Shareholders" and "The Proposal on The Proposal to Convene the Fourth Extraordinary General Meeting of Shareholders in 2021". It is worth noting that the voting results of the two bills were: 10 votes in favor, 1 vote against and 0 abstentions; 10 votes in favor, 0 votes against and 1 abstention.

It is understood that on October 22, Whalen Crystal received the "Letter on Jointly Requesting the Board of Directors of Whalen Crystal to Convene an Extraordinary General Meeting of Shareholders" issued by Anhui Zhidao Investment Co., Ltd., Zhengqi (Shanghai) Equity Investment Management Co., Ltd., Shenzhen Qianhai Chengen Capital Management Co., Ltd. - Chengen Haoling No. 1 Private Securities Investment Fund, Pan Xiaoyu and Ye Fang, requiring the company to convene an extraordinary shareholders' meeting to consider the " Proposal on the Removal of Non-Independent Directors of the Fourth Board of Directors of Wang Jun Company.

In the proposal, the five shareholders said that during his tenure as a director of the company, Wang Jun had serious dereliction of duty in terms of information disclosure, the submission of information on the secretary of the proposed board of directors and the handover of information disclosure, and at the same time, Wang Jun accepted media interviews and made untrue remarks about the company without authorization and consent of the company, resulting in serious damage to the interests of shareholders and the company's reputation, affecting the effective implementation of the company's internal control system, so he proposed to remove Wang Jun from his position as a director.

Regarding the proposal of the five shareholders to jointly propose to convene an extraordinary shareholders' meeting, Wang Jun said that wang jun has worked legally and compliantly in accordance with the company's standardized governance requirements, and there is no situation in which five shareholders, Zhengqi, Zhidao, Qianhai Chengen Capital, Pan Xiaoyu and Ye Fang, put forward reasons for dismissal.

He said that the five shareholders of Zhengqi, Zhidao, Qianhai Chengen Capital, Pan Xiaoyu and Ye Fang had not inquired about the relevant situation, and the reasons for the recall proposed were not true. The company's controlling shareholders, actual controllers and internal directors of the board of directors and other insiders have not yet studied and discussed this matter and made a formal conclusion, how can other minority shareholders who have not participated in the company's operation obtain evidence of serious dereliction of duty and misconduct in Wang Jun's performance of duties as secretary of the board of directors and directors? Who is coordinating the presentation of evidence to these shareholders? The board of directors of the company shall publicly disclose the evidence submitted by the five shareholders that "Wang Jun's behavior caused serious damage to the interests of the shareholders of the company and the company's reputation" and submit it to the regulatory authorities for verification, and punish the relevant responsible entities in accordance with the law.

Regarding the proposal to convene the fourth extraordinary general meeting of shareholders in 2021, Wang Jun said that he can only agree to the fourth extraordinary shareholders' meeting to consider the "Proposal on the By-election of Non-employee Representative Supervisors of the Fourth Supervisory Board", and has voted against the relevant removal of directors by the board of directors. Moreover, I believe that it is relatively rare for minority shareholders to propose the removal of directors, the company and the board of directors have not notified the verification of the reasons and evidence for the removal of the five shareholders, the verification process has not ensured openness, fairness and justice, and whether the removal of directors in this way complies with the provisions of the company's articles of association has not been explained. Such a review of the recall proposal will affect the company's reputation, damage the interests of minority shareholders, and depreciate the value of the company.

According to public information, Wang Jun has been the secretary of the company since November 2011 until the new secretary of the board of directors of Whalen Crystal, and is the "old secretary of the board" who has served in the company for more than ten years. Since June this year, Wang Jun has been publicly opposed to pan Yihua, the company's new secretary of the board, and even deliberately failed to submit Pan Yihua's relevant materials to the Shenzhen Stock Exchange for review, resulting in the temporary revocation of the resolution on his assumption of the position of board secretary.

On October 19, Wang Jun was interviewed by the Daily Economic News (blog, Weibo) and other media, saying that although his professional ability and experience can be qualified for the position of secretary of the board, Zhao Jiqing, chairman of Whalen Crystal, intends to promote Pan Yihua, causing harm to himself.

Wang Jun said in an interview that he opposed Pan Yihua's appointment as secretary of the board of directors because he did not have the qualifications and ability to serve as a secretary of the board. Pan Yihua participated in the handling of the problem of miscalculation of the 8 million yuan of Chuangxiang Cloud M&A funds, and did not pay it on the grounds of influencing the fixed increase, which has not been corrected so far, which has buried hidden dangers for the company's operation; Pan Yihua, as a deputy general manager and senior executive, interfered in the operation of the board of directors and interfered with the work of the secretary of the board of directors in this capacity, violating the relevant provisions of the relevant provisions of the operation of the corporate governance norms.

For his situation in the company, Wang Jun said that since the beginning of this year, his power as the secretary of the board of directors has been emptied, although he still serves as a director of the board, but he has been squeezed, and the board of directors is the chairman of the board.

According to media reports, in April this year, Whalen Crystal reported that the company's market value was more than 3 billion yuan and the annual salary of the chairman was 2.7 billion yuan because of "sloppy". Afterwards, Whalen Crystal corrected a number of data and units in the annual report on the grounds that "the staff was negligent and some of the disclosure matters were errors", and the chairman's remuneration was changed to 278,000 yuan, and the total compensation of 18 executives was 3.2226 million yuan.