Chapter 303: No Way to Reverse the Situation

Duan Yongji is out.

The news first spread on Sina, causing uproar and shock.

Therefore, Fang Zhuo's Audi car left with all kinds of complicated looks. Many people didn't understand how the meeting to remove the co-chairman could continue for an hour.

In the Audi car, Zhao Suqi, who was acting as the recorder, was finally shocked and asked his doubts, why was Duan Yongji eliminated?

"Wu Zheng contacted me yesterday and offered to sell shares at twice the price. I agreed."

"Then I called Wang Yan and told him that one of the directors had changed his position."

"This morning, Duan Yongji called and asked me who I was, and I told him my last name."

"In the morning, I told Wu Zheng that Duan Yongji already knew about it."

"At noon, Mao Daolin expressed to me through Wu Zheng that he was willing to accept me into Sina and needed my vote."

"On the way to Sina in the afternoon, I asked Wang Zhidong to call Chairman Jiang Fengnian."

"As for their contacts, changes, and confrontations from last night to today." Fang Zhuo shrugged, "I don't know, I'm just here to vote."

Zhao Suqi's head was a little confused and he suddenly asked: "Didn't Jiang Fengnian say that Wang Zhidong didn't contact him when Duan Yongji asked him?"

"He lied." Fang Zhuo said calmly.

Zhao Suqi: "..."

"Jiang Fengnian and Wang Zhidong are good friends. He voted the only abstention last year. Today, he himself said that no matter last year or today, he will exercise removal based on Sina's performance. It is very fair." Fang Zhuoxiao He said, "I think he said it very well."

He sighed again: "The one who started making the figurines has no descendants?"

"Duan Yongji used his performance to connect others to remove Wang Zhidong, and Jiang Fengnian used the same reason to cast the fatal vote for removal. It is very reasonable."

Zhao Suqi asked again: "Well, what about Mao Daolin? Why did he remove Duan Yongji today? He is the president of Sina!"

"Mao Daolin is the president. He is responsible for Sina's performance. He also has a share in Wu Zheng's sunshine culture. Talking about sunshine culture is actually talking about him, the president." Fang Zhuo explained, "Wu Zheng must be the victim. Mao Daolin If you don’t want to be next, do it first.”

Fang Zhuo thought for a while and continued: "Duan Yongji will definitely take action today. I suspect that he has communicated with Mao Daolin about his actions today, but there may be a problem with this communication, or Mao Daolin may have his own ideas."

Zhao Suqi asked a little cautiously: "Has Mao Daolin achieved his goal? Can he continue to be president?"

Fang Zhuo glanced at his sister and showed a weak smile: "Remember, you must not be as naive as him."

Zhao Suqi was speechless.

After a while, she asked: "Where is Yongji? Has he failed like this? What will he do?"

Fang Zhuo Ran: "Public opinion? Public opinion can only exert pressure. This is entirely an internal appointment and removal of personnel."

"Share? Our shareholding is 34%, can he still get 34%? Because of SEC regulations, Duan Yongji has not been able to absorb shares during this period."

"Extraordinary general meeting of shareholders? This is very possible."

Zhao Suqi asked: "Isn't this extraordinary shareholders' meeting something that can cause trouble? Can it be done?"

Fang Zhuo said with a smile: "Our extraordinary shareholders' meeting can be declared over."

"If he wants to open it, let him apply. According to regulations, the company is scheduled to open in two months at the latest."

"By then, the daylilies will be cold."

Fang Zhuo finally laughed loudly: "Let's make an established fact this time and let Lao Duan see how fast the Internet is developing and how many people his status in the world will affect."

"This..." Zhao Suqi watched her brother fall down laughing in his seat, and she also showed a relieved smile.

Fang Zhuo managed to hold back his emotions and concluded: "Lao Duan is a business tycoon after all. People like him stand tall and sometimes underestimate other people's IQ and overestimate other people's morality."

"The board's vote is very important."

"He'll remember it next time."

Zhao Suqi couldn't help laughing. From yesterday to today, President Fang Da had not moved the information. Otherwise, Duan Yongji would have caught Wu Zheng off guard.

…

"Sina News: Duan Yongji is dismissed!"

“Sina’s board of directors votes, high-level turmoil!”

"Duan Yongji was unexpectedly eliminated. What happened at this meeting?"

"Can Fang Zhuo have the last laugh?"

"Sina has reached a turning point, or it may turn from prosperity to decline!"

"Why Duan Yongji?"

"How can old people lose to young people?"

Sina dismissed Duan Yongji, and the battle for control added twists and turns, completely beyond expectations.

Duan Yongji, who had always attracted attention, but this time was considered very stable, was suddenly kicked out of the board of directors, shocking countless people's jaws.

Although according to the leaked news, Fang Zhuo didn't take much action at this recall meeting, everyone knew that he must have done something.

Everyone believed that Fang Zhuo was behind the coup.

Some media analyzed Fang Zhuo’s line of action in detail and found a very clear context:

MIGA funds acquire stocks from the secondary trading market.

Yike Investment acquires Duan Yongji's shares.

Both companies received Sina board seats.

MIGA Fund proposed an extraordinary general meeting of shareholders.

Fang Zhuo attended the meeting to show his identity as a major shareholder, named Sunshine Culture, and pointed his sword at the board of directors.

Fang Zhuo continued to attend meetings with a tough attitude.

Administrative power intervened to bring the two sides together for negotiation.

Fang Zhuo led the board of directors and suddenly dismissed Duan Yongji.

"The Yangtze River's back waves push the front waves. Fang Zhuo has never expressed his thoughts on Duan Yongji, and always takes the entire board of directors as his target. This smoke bomb completely confused Duan Yongji."

"Duan Yongji never thought that Fang Zhuo's real target was him."

"If you don't make a sound, you will be shocked."

"Fang Zhuo put pressure on Sina's directors and contacted Duan Yongji with one blow."

"Wang Zhidong last year, Duan Yongji this year."

"Where will Sina, which is like a revolving lantern, go?"

On June 29, when the media were reporting Duan Yongji's failure, the former Sina co-chairman who had been waiting for the interim shareholders' meeting suddenly received news that the interim shareholders' meeting had ended.

He was shocked and angry and immediately protested.

Sina said the protest was invalid.

Duan Yongji exercised his shareholder rights and demanded another interim shareholders' meeting.

Sina readily agreed and decided that the next extraordinary shareholders' meeting would be held on August 29, 2002, two months later.

Duan Yongji was hospitalized.

On June 30, Sina held another board meeting and confirmed the appointment of Mr. Fang Zhuo as Sina's vice president, responsible for the newly established independent business entity Sina Online.

Because the board seats must be elected by all shareholders, Fang Zhuo cannot enter the board without a shareholders' meeting, but he can be hired to serve in Sina.

In other words, Sina, which has been in constant turmoil, has welcomed a young vice president.

…

On the afternoon of the 30th, Sina's chief writer Xu Changlun was summoned by Fang Zhuo. His talent and reputation had been noticed when he criticized Fang Zhuo several months ago, and today he finally had a cordial meeting.

That night, Xu Changlun happily returned home and wrote a welcome speech:

"Warmly welcome Mr. Fang Zhuo to be elected as Sina's vice president!"