On October 18, Zotye's extraordinary shareholders' meeting was held as scheduled. Zotye's directors, supervisors and senior management did not attend the shareholders' meeting except for chairman Huang Jihong at the Yiwei factory in Hangzhou. Directors, supervisors and senior management Lian Gang, Ye Changqing , Liu Ya, Yu Lili, Yang Haifeng, Lou Min, and Wang Meng attended the shareholders' meeting. The lineup was huge. Huang Jihong, as chairman, continued to be invisible and absent from the on-site meeting, which really made the secondary market unable to understand. After all, after Huang Jihong became the actual controller and chairman of Zotye, there was no public attendance of shareholders' meeting in the secondary market. I don't know if he has not found any sense of Zotye's presence. In the meeting shareholder interaction session of
, the secondary market asked questions about topics of concern, and Zotye directors, supervisors and senior executives responded.
Directors, Supervisors and Senior Directors, Supervisors and Senior Directors, emphasized that Zotye's reorganization is a life-and-death death, and it is very difficult, and the difficulty of reorganization is more than everyone imagined. Jiangnan Automobile was almost liquidated in bankruptcy. (ps: Many retail investors in the secondary market were pulled back from 9.94 yuan to 3.06 yuan, and the stock price was rolling down, which was no less than a life-threatening death. It was difficult for retail investors in the secondary market, and whether the main party was considerate of ).
1. The object of fundraising and issuance has no answer. benchmark date is the first release date. It was not confirmed which day it was on the first day.
2 and T300 models are not taken off the line to cope with the resumption of work and production for the leaders to see. As long as the production line is opened, it will not stop. After all, so many workers have to be raised. Overseas version T300 production confirmed that overseas orders have come in.
3, the nine major bases are still talking. There are many issues involved with the government, including the Linyi base, and are still in talks.
4. The cooperation in the Light Orange Times is still talking about (ps: The main party defaulted on the cooperation with the Light Orange Times, but it was not announced) . Why did
5 and Shenzhen Merchant be selected as a reorganizer investor? In the initial situation, it was the best solution to choose Shenzhen Merchant. Before the reorganization, I came into contact with BYD , Great Wall, etc., but no negotiation was reached. (ps: The secondary market believes that the main party's statement lacks sincerity, and Shenzhen Businessmen participated in the reorganization. In fact, it was designed as a reorganization plan from the day of registration on September 29, 2020. Before Zhiyang and Zhibo pre-reorganization due diligence, suspend or terminate the registration of late reorganization investors to compete for reorganization investors. The secondary market believes that all plans have been arranged )
6. The secondary market asked the main party whether there is cooperation with FAW and whether it is related. The main party did not deny it.
7. During the period when Zotye stopped production, the high-level and middle-level industries were basically retained and the production line was lost.
8. The reason why Yongkang State-owned Assets representatives entered the board of directors was that the government appointed them to play a regulatory role.
9, T300 overseas version was offline on the 20th, ( Jinhua , Yongkang ) The city leaders (city party secretary) want to participate. Whether the provincial leaders participated, no list was received.
10. Regarding the Junqu brand, the main party continues to emphasize that it is the R&D center. As for the establishment of Shanghai, it is because Shanghai is a metropolis with many talents. (ps: The secondary market believes that regarding the registration, acquisition, trademark registration, location selection, and recruitment of Junma Auto , the secondary market is a brand new car company, and the securities hotline admitted in the early stage that the Yongkang headquarters of Junqu project was not clear. Junqu project signed an confidentiality agreement . Later, the secondary market asked about recruitment of more than 20 comprehensive positions. The secretary of the board responded that the initial positioning of the acquisition was the R&D center, and the possibility of direction adjustments will be as the company's development plan in the future. Now, Junqu Auto has begun to decorate its office space. The caliber of Junqu planning matters is still stuck in the concept of R&D center, and lacks sincerity in the secondary market ).
11. Regarding the issue of OEM, the main party responded that Zotye did not say that there was OEM. When interacting with the secondary market, the secretary of the board clearly admitted that there was an in-depth discussion on the OEM business. The main party explained that it was called OEM but now it is called cooperation. Only those who are qualified on both parties can be OEM, and production with brands that do not have complete vehicle production qualifications should be cooperation.(ps: Understanding the secondary market, the Qingcheng era has no production qualifications, the early Orange Cooperation and the current OEM cooperation with BAIC Ruixiang and the current scandal with Zotye Jiangnan, whether it has changed from BAIC Ruixiang's OEM to Jiangnan Manufacturing Cooperation)
12. Regarding the issue of industrial investors, the main party has always avoided and avoided talking, and used Jiangsu Shenzhen Commercial as an industrial investment. However, he expressed concern about FAW's cooperation. The main point of view of Shenzhen Business is industrial investment. In the concept of reorganization investors, including industrial investors and financial investors, whether Shenzhen Business is industrial investment. Some people also believe that capital operations rely on Shenzhen Business, and car manufacturing also depends on industry. (ps: Regarding the concept of whether Shenzhen Business is an industrial investor, the secondary market has been asking for confirmation and questioning from the secretary of the board of directors, but from the secretary of the board of directors' written response to the secondary market, the secretary of the board of directors did not express the statement that Shenzhen Business is an industrial investor, and has always said that "Please pay attention to the company's future news in the situation of industrial investors." The shareholders' meeting verbally responded to the shareholders' questions about industrial investment, believing that Shenzhen Business Business is an industrial investment. It is believed that Shenzhen Business Business is an industrial investment. , and the statement that the reorganization investor is an industrial investor and a financial investor is not serious or fooling shareholders. As the controlling shareholder of Zotye, Jiangsu Shenzhen Business has not yet seen it conduct substantive business, capital payment, and social security information of its employees. It appears completely as " shell company ". Although the parent company of such a shell company, although the parent company of Shenzhen Shang Holdings cheers for it, it does not mean that Shenzhen Shang is an industrial investor, but the main party Shenzhen Shang is the expression of industrial investment, and the shareholders of the secondary market can only be helpless ).
13, When shareholders of the secondary market asked about FAW's cooperation, , the main party directors, supervisors and senior managers were "stunned" and said, "This is going to be announced."
14. Regarding Bojun, the main party admitted that the original Bojun technician was received by Junqu Automobile.
15. Regarding the Light Orange Era, the subject admitted that he was in contact. Qingcheng Times has no qualifications and cannot find manufacturers to manufacture, and must produce them in the form of "cooperative".
16. The main party believes that the secondary market should not be quainted with words and grasp the concepts of reorganization and reorganization. The nine bases or nine branches, and whether Shenzhen Business is an industrial investment, there are problems in the understanding of the secondary market and is not professional enough. (ps: The secondary market believes that no matter how the subject viewes the information mining and analysis of the secondary market, the requirements of the secondary market are to share the same rights and shares, which is also recognized in the statement of Zotye's articles of association. However, the fact is that under the holding of Jiangsu Shenzhen Business, Zotye's main parties, including directors, supervisors and senior management, did not give sufficient respect to the right to know in the secondary market. Although the disclosure of relevant information is subject to the so-called confidentiality agreement, the right to know of the secondary market shareholders is obviously infringed. Although the directors, supervisors and senior management emphasize that if the disclosure violates the regulations, the regulatory authorities will pay attention to inquiries without posting any inquiries, so they think there is no violation of the disclosure regulations, but the fact is that the regulatory authorities' restructuring of Zotye is a green light ).
17. The main party emphasized that Zotye has been implementing in accordance with the restructuring plan, but the commitments such as global selection of models promised by investors in the early stage have not been disclosed.
18. On-site viewing in the workshop, the production line accessories are already in place, and you can get out of the car just by turning on the button.
secondary market analysis, Zotye will face a series of things in the near future. On October 18, the shareholders' meeting passed the private placement plan, and the T300 overseas version was offline on October 20, which means announcing the resumption of work and production and whether it will simultaneously announce the application for lifting the hat. Subsequently, matters such as the auction of Tieniu shares, restarting the Jiangnan manufacturing brand, cooperation in the Qingcheng Times, opening and planning of the office R&D building after Junqu Automobile decoration, and announcements of cooperation with FAW.
As for Zotye's stock price trend, it depends on the appetite of the main force of dealer . On April 6, 2022, the secretary of the board responded to the secondary market. The number of shareholders below 10,000 shares accounts for more than 50%. Currently, the number of shareholders is 67,000, and more than 30,000 shareholders hold shares below 10,000 shares. It is conceivable who really holds Zotye's stock.
On October 18, Zotye Shareholders' Meeting, the directors, supervisors and senior managers of the main party answered what should be answered, avoiding what should not be avoided, including the sincerity of the main party and the helplessness of the secondary market. Although they receive the order on duty and each person is his or her own, no matter how the subject responds, all the truth and whether the secondary market's future expectations for Zotye are as expected can only be delivered to verify.
Finally, borrowing a passage from President Lian Gang of the shareholders' meeting on the handling of the relationship with the secondary market, General Lian commented on the secretary of the board and said that he was definitely a competent secretary of the board, , but sometimes it should be more radical, and the news that should be released should still be released.
Listen to what he says and watch what he does.
Thank you @Yufan for your selfless sharing with the Tietai brothers who attended the shareholders' meeting!
