Me and my female roommates

At two o'clock in the afternoon, Huawang Group's extraordinary general meeting of shareholders officially began.

After careful counting, the total number of shares held by each shareholder attending this important meeting and their authorized representatives has exceeded half of the total number of issued shares.

This means they have enough voting rights to have a decisive influence on major company decisions.

Li Yilun, Vice Chairman of Huawang Group, began to preside over the meeting.

The conference agenda began one by one.

After voting at the general meeting, Du Chenhang, deputy general manager of Huawang Group, was elected as a director of the company.

Su Ningxia, director of the business department of Huawang Group, was elected as a director of the company.

......

Finally, the tense moment arrived.

The vice chairman of Huawang Group said in a steady and powerful voice into the microphone: "Next, we will move on to the most important agenda of this meeting - the proposal on the candidate for the chairman of Huawang Group."

As soon as these words were spoken, everyone present had varying degrees of anticipation and nervousness on their faces.

According to Huawang Group’s Articles of Association, the chairman of the board is elected by the general meeting of shareholders.

The candidates for chairman are Du Chenhang, Su Ningxia and vice chairman Li Yilun.

The resumes and detailed information of the three candidates have been notified to all shareholders in advance.

A special session was then added, in which the candidate for chairman of the board gave a detailed introduction to himself and his work plan after taking office, to strengthen communication and interaction with shareholders and ensure that shareholders had sufficient understanding of the candidates when voting.

The first to start was Vice Chairman Li Yilun, who spoke a lot with great enthusiasm. His resume was definitely the richest among the three, but he had one shortcoming: he was relatively old, and there was nothing innovative in his plans for the future of the group.

The second one is Du Chenhang.

In fact, he is the most competitive candidate for the chairman. He is in his thirties, which is the prime of his life. He has been the deputy general manager for several years and is the son of the former chairman.

Sure enough, after Du Chenhang finished speaking, there was applause from the audience.

He smiled smugly when he saw the reaction, thinking that the position of chairman would definitely be his.

His confidence also comes from the shares he holds. He inherited half of Du Haichuan's shares, plus his mother's 1.5% stake, so he can be said to be the largest individual shareholder of Huawang Group.

Together with some people who supported him, he thought that neither Li Yilun nor Su Ningxia were his match.

In fact, for listed companies, Du Haichuan was able to control the company with a shareholding ratio of more than 10% because he was the founder of the company.

Second, the company has achieved great development under his leadership, and the interests of all shareholders are protected.

Third, the shares of listed companies are dispersed among tens of thousands of public shareholders. Usually, a large proportion of public shareholders will not attend the shareholders' meeting, which is equivalent to giving up their voting rights.

The passing line for voting rights refers to the voting rights for attending the shareholders' meeting.

Therefore, Du Haichuan was able to achieve control of the company with a lower shareholding ratio.

However, there are also some disadvantages and hidden dangers in this way of achieving controlling stake with such a low proportion. Major shareholders with too low a proportion of shares are prone to attacks by external capital and may lose their controlling stake.

Finally, Su Ningxia gave a speech.

When the shareholders present saw for the first time that Su Ningxia was such a young and beautiful woman, they were actually very surprised.

A beautiful woman is always a plus, so when Su Ningxia spoke, the shareholders present, especially the male shareholders, listened very carefully.

As they listened, they felt that Su Ningxia's ideas for the company's subsequent plans were quite innovative.

After Su Ningxia finished speaking, the audience burst into even louder applause than before.

After that, it’s time to enter the voting phase.

Today, to elect a chairman, it is necessary to have the approval of the majority of shareholders present at the meeting, that is, the number of votes in favor accounts for more than half of the total number of votes present at the meeting.

Moreover, shareholder voting is based on the number of shares, one vote per share, rather than one vote per shareholder.

Through on-site voting, Li Yilun ranked last with 4.5% of the votes, which means he was just a runner-up.

Du Chenhang came in second with 42.7% of the votes.

What was unexpected was that Su Ningxia topped the list with 52.1% of the votes.

A small number of people also gave up voting.

When Du Chenhang saw the result, he stood up in a state of disbelief, his eyes wide open, and said angrily, "Impossible! This is absolutely impossible! Su Ningxia must have cheated, I demand a recount!"

His voice was deafening, as if it could overturn the entire conference room. No wonder he lost his composure. No one could accept that something they thought was a done deal was snatched away by someone else.

Li Yilun, the host of the shareholders' meeting, frowned, with a hint of displeasure on his face.

He looked at Du Chenhang and said in a serious tone: "Mr. Du, please calm down. Our voting process is open and transparent, and there is no cheating. You are questioning our shareholders by saying this!"

"Besides, the vote is out and we have to respect the result."

Du Chenhang completely ignored Li Yilun's words. He waved his arms and shouted excitedly: "No! I don't accept this result! How could she win so many votes? There must be something wrong here!" His eyes were full of suspicion and anger, as if he believed that Su Ningxia had used improper means.

When the shareholders present saw this scene, they all felt that it was a blessing that Du Chenhang did not become the chairman. How could such an unstable and uncultured person be the chairman?

A meaningful smile flashed across Li Yilun's lips. In fact, he didn't get along well with Du Haichuan and Du Chenhang. The two sides belonged to two different camps.

It would be more beneficial for him now that Su Ningxia has become the chairman.

Du Chenhang's questioning made the entire venue somewhat chaotic.

Li Yilun quickly changed the topic and said, "Mr. Du, this is a shareholders' meeting. Please don't be too rude. If you have any objections, you can exercise your shareholder rights after the meeting."

Du Chenhang calmed down a little after hearing this. He knew that making a big fuss here would not change the outcome today, but would make people look down on him.

He took a deep breath, and glanced at Su Ningxia and Su Yunrou with resentment as he sat down.

Finally, the shareholders' meeting of Huawang Group reviewed and approved the "Proposal on the Supplementary Election of Non-Independent Directors of the Company's Board of Directors". The shareholders' meeting reviewed and approved Ms. Su Ningxia as a director of the company's board of directors, and appointed Director Su Ningxia as the chairman of the company and concurrently the legal representative of the company.

After the shareholders' meeting ended, the shareholders left one after another.

Cheng Mo waited at the door for a long time before he saw Su Ningxia and Su Yunrou walking out together.

Su Yunrou's face was filled with smiles. As a mother, she was surprised that her daughter could be elected as the chairman.

Seeing Cheng Mo, Su Yunrou consciously gave space to the two young men.

"Congratulations, Mr. Su - no, now you are Mr. Su!" Cheng Mo stretched out his hand and congratulated with a smile.

Su Ningxia stretched out her hand with a complicated expression and shook hands with Cheng Mo.

But Cheng Mo didn't let go.

"Cheng Mo, let go." A blush flashed across Su Ningxia's face.

Cheng Mo smiled, let go of her hand and said softly, "Your hands are quite slippery."

Su Ningxia: "..."

"Do you have anything you want to ask me? I'll tell you everything I know." Cheng Mo said, putting his hands back into his pockets.

Su Ningxia looked at Cheng Mo, pursed her lips, and asked, "How do you have so many shares?"

Cheng Mo smiled slightly and said in a provocative manner, "Sorry, I have no comment."

Su Ningxia: "..."