The ending of the NVC lighting palace fight: Wu Changjiang was sentenced to 14 years in prison

It was learned from the publicity of the rule of law weekend "Gao Feirui Thought" that Wu Changjiang, the founder of the former NVC Lighting, was found guilty of the crime of misappropriation of funds and the crime of occupation by Huizhou Intermediate People's Court. The sentence was nine years and six years. Penalty was sentenced to 14 years in prison. Wu Changjiang Chongqing Tongliang, born in 1965, is 52 years old. In 1998, Huizhou NVC Lighting Co., Ltd. was founded. This time, he was sentenced to prison. Wu Changjiang will be over 60 years old and around 64 years old. For an entrepreneur, this means that the golden time of life has passed and it is difficult to have a chance to turn over in a lifetime. The cause of Wu Changjiang’s imprisonment today is that Wu Changjiang is gambling. According to friends in the circle, Wu Changjiang lost more than one billion assets at the gambling table. He once said to the author: life is gambling, big gambling opportunities, small gambling opportunities, no gambling and no opportunities. A gambling word also completely ruined his life. On August 8, 2014, Wu Changjiang was dismissed from the position of CEO by NVC's board of directors. On August 29, NVC Lighting held an extraordinary general meeting of shareholders, accounting for 95.84% of the shares held by the voting shareholders. All of them were in favor of the removal of all directors of Wu Changjiang and the board of directors. Wu Changjiang was completely removed from NVC. On September 10, NVC Lighting disclosed that Wu Changjiang, the founder of the company, infringed on the interests of listed companies, said that the NVC Lighting Independent Investigation Committee found evidence of Wu Changjiang’s alleged major violations: Wu Changjiang’s illegal mortgage guarantee Lighting suffered a huge loss of 173 million. NVC Lighting Lawyer said that Wu Changjiang was suspected of three crimes, namely, the crime of misappropriation of funds or the crime of occupational embezzlement, the crime of breach of the interests of listed companies, the disclosure of violations, and the failure to disclose important information. On September 30, 130 million shares of Dehao Runda held by Wu Changjiang were frozen. Based on the closing price of 8.15 yuan/share on September 29, Dehao Runda's stock market value reached 1.06 billion yuan. On October 9, Wu Changjiang made countermeasures. Wu Changjiang said that Wang Donglei will be accused of embezzling 100 million Hong Kong dollars and infringing on the interests of listed companies, and has already reported to the CSRC. On the afternoon of October 28, NVC's official website Weibo said that the Huizhou Public Security Bureau officially established the case of the misappropriation of funds by NVC Lighting, Wu Changjiang and others, as suspected of having a criminal fact, and the current misappropriation fund case was investigated. At present, the NVC Lighting Board officially controls the Chongqing headquarters. On the morning of November 3, Wang Donglei's Weibo broke the news that NVC Lighting has successfully taken over the Wanzhou base and resumed normal production. This marks that NVC lighting has been completely changed. The four production bases of Huizhou, Zhejiang, Shanghai and Chongqing Wanzhou were all included in Wang Donglei's squatting. The era of NVC was coming, and the Wu era ended. On December 16, Wu Changjiang was arrested by the Huizhou police for alleged misappropriation of funds. On the morning of the 17th, the person in charge of the Press Section of the Guangdong Huizhou Public Security Bureau said that the above information was conclusive, but refused to disclose further details. On January 5, 2015, Wu Changjiang was officially transferred to the Huizhou Municipal People's Procuratorate for approval for arrest on suspicion of misappropriation of funds (more than 100 million yuan involved). In accordance with relevant legal procedures, the Procuratorate will decide whether to arrest Wu Changjiang within the next 7 days. If the procuratorate makes a decision to arrest, Wu Changjiang will be investigated next. After the investigation is over, the suspect will be transferred to the public prosecution department for review and prosecution. On January 15, the 13th Standing Committee of the 11th Huizhou Municipal Political Consultative Conference voted to revoke the membership of the CPPCC Wu Changjiang, the founder of NVC Lighting. On January 21, NVC Lighting announced that the company’s board of directors had appointed Wang Donglei as the CEO. Wang Donglei was the interim CEO of the company. On March 4, all of the 130 million shares held by Wu Changjiang were frozen by the Huizhou Intermediate People's Court of Guangdong Province. The entrusted date was February 27, 2015, and the waiting period was 36 months. Many courts have been frozen several times. On July 7, Wu Changjiang, former director of NVC Lighting, contacted Chongqing Enweixi Business Development Co., Ltd. (Enwei West) to recover 35.497 million yuan. On July 19, NVC Lighting announced that the former chairman Wu Changjiang was suspected of misappropriating the company's funds, and arbitrarily pledged the loan investigation results in the name of the company, indicating that Wu Changjiang had previously entered into 14 pledge agreements on behalf of the company, with a total loan amount of about 640 million yuan. And extract 550 million yuan. NVC Lighting estimates that up to about $320 million can be recovered from the funds. In addition, the company was frozen by the CCB for more than 54 million yuan due to a loan of 80 million yuan. On September 2, NVC Lighting announced that the company obtained a complaint from the finance company to the Chongqing court, requesting the former chairman Wu Changjiang’s spouse Wu Lian to repay 34 million yuan (the same below) plus a penalty interest. The complaint continues, Wu Changjiang, NVC China and two other entities should act as guarantors to jointly assume that Wu Lian is responsible for the above obligations to the finance company. On January 14, 2016, NVC Lighting announced a series of sales agreements between the company and Shangyang as agents, and Shangyang was owned as to 48% by the former chairman of the company, Wu Changjiang. As Wu Changjiang did not disclose to the company's then directors at the time of the signing of the various transactions and lighting projects under the Shangyang Sales Arrangement, Shang Yang was a connected person of the company. On April 11th, NVC Lighting announced that the company had obtained an inquiry from China Securities Depository and Clearing Co., Ltd. Shenzhen Branch that the company’s shares held by Wu Changjiang, a company holding more than 5% of the shares, were held by Chongqing Nan'an District People's Court (2015 Nanfa Minchu) Word No. 12232) The judicial waiting list is frozen, waiting for the number of 130 million shares to be frozen. The date of entrustment is March 18, 2016, and the waiting period is 36 months. On August 31, NVC Lighting announced that on September 1, 2016, Wu Changjiang and other suspected misappropriation of funds will be heard in the Intermediate People's Court of Huizhou City, Guangdong Province. It is understood that Wu Changjiang's assets, including DHL Runda 130 million A shares and Chongqing Nan'an District marble stone land will also be subject to judicial disposal, the market valuation of more than 1.4 billion. On September 1, the NVC case was tried and Wu Changjiang directly replied that he did not plead guilty. Chen Yan repeated it many times and admitted that I was wrong, but the contents of the indictment were wrong. In mid-October, Chongqing Jinyu, Kaiyuan and Guohui auction companies jointly auctioned the state-owned land use rights of Chongqing Hualong Yingke Industrial Co., Ltd., a shareholder of Hualong Yingke, in the Tongling Tianlong Longqiwan project in Tongliang District, Chongqing. The land finally ended. At the base price of 152.01 million yuan. This is the vest company that is called Wu Changjiang by the industry.

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