"Mr. Duan, please take a seat. We already know your request."
"Regardless of the position of the board of directors or Mr. Fang, this is a very important matter for Sina, and we must be cautious."
Chairman Jiang Fengnian spoke in a calm tone about the not surprising request he heard from Duan Yongji.
Nothing surprising.
It's just a repeat of the last extraordinary shareholders' meeting.
Jiang Fengnian said: "As for these two requirements, I agree..."
Duan Yongji, who had just sat down, became more and more wrong the more he thought about it, and loudly said: "I demand that voting start now. How can someone like Fang Zhuo sit on it!"
"There must be a process for discussions, Mr. Duan, we are going to solve the problem today." Jiang Fengnian said displeased, "Of course this meeting today is because of your request, but we are facing all shareholders."
Duan Yongji wanted to retort, but Wang Yan actually spoke up too.
"Mr. Duan, there must be a process for the shareholders' meeting, don't be impatient." Sina's young CEO advised.
Duan Yongji stared at Wang Yan, who did not avoid his eyes.
At this time, another executive who had previously favored Duan Yongji spoke up: "It's not like whoever has the loudest voice is justified in the shareholders' meeting. We have to follow the procedures."
Duan Yongji turned to look at Fang Zhuo, who had been silent.
Fang Zhuo shrugged innocently, "What are you looking at? He didn't say anything. Please listen to the voices of the masses."
"Regarding Fang Zhuo's position, this is a major issue at today's shareholders' meeting, and it must be decided now!" Yan Yuanchao, a director of the Duan Department, expressed his support in a high-pitched voice.
Chairman Jiang Fengnian refused: "No, before that there is another major announcement that needs to be made in front of all shareholders."
Yan Yuanchao was confused.
Duan Yongji also signaled to hear what the big deal was.
Sina President Mao Daolin picked up the microphone and said concisely and clearly: "Considering Sina's development and due to personal factors, I will resign as Sina President and nominate Sina Vice President Fang Zhuo to lead Sina forward."
The conference hall was in an uproar!
This is really a big deal!
What deal has been reached within Sina?!
Mao Daolin did not stop speaking because of the noise, and calmly stated the reason: "Whether it is Yike or Sina Hot Money, Fang Zhuo has shown strong business ability and keen business vision. I think he is an excellent successor to lead Sina.
"
is the heir.
It's a smooth transition.
But why?
Some reporters couldn't help but asked everyone's questions without permission: "Mr. Mao, what deal did you reach with Fang Zhuo? Did Fang Zhuo promise a purchase price higher than the market price?"
As the first person spoke out, more questions followed.
Two months is neither long nor short. According to media reports, Sina is still in a battle for control. Fang Zhuo is still Yike and Mi GA. There is almost no report on the booming new business of Sina hotline.
.
Now that I suddenly heard the reason given by the CEO of Sina, everyone was surprised and doubtful.
Is it true that a company as big as Sina was handed over to a young man so casually?
Questions and discussions filled the conference hall.
Fang Zhuo picked up the phone and cleared his throat, but failed to stop the noise.
He didn't care and motioned to his employees to put the PPT projection behind the rostrum so that everyone could see it clearly.
The noise gradually died down.
"It's an honor to be recommended by Mr. Mao. Everyone knows that Mr. Mao was more engaged in investment work before. In the past year, he has worked hard and tried his best to take over the turbulent Sina."
"President Mao will not leave Sina. He is still a member of Sina's board of directors and will still shine for Sina."
Fang Zhuo faced the complicated looks from all directions and said with a smile: "Of course, these require the votes of shareholders today."
"I just heard everyone's questions and also heard the request of Mr. Duan, a Sina shareholder."
"Mr. Duan believes that I am not suitable for Sina and believes that the current board of directors will hinder Sina's development."
"Whether it is Mr. Duan or the shareholders here today, I think everyone should focus more on the specific business conditions of our Sina."
He shrugged easily: "It's not about concatenation, acquisitions, or removals. I know the media likes to hear conspiracy theories and other small tricks, but shareholders must consider the interests of the company and not be obsessed with these."
Duan Yongji was accused of scolding Huai and couldn't help but confront him: "Fang Zhuo, how could you say such a thing?"
"Who made the hostile takeover of Sina?"
"Who contacted the board of directors to propose removal?"
"are you human?"
The former co-chairman of Sina burst into tears, using half-truths and half-falsehoods to arouse the emotions of shareholders present, striving to win more votes in the next voting session.
Duan Yongji has contacted quite a few shareholders, but some are hesitant. After all, Fang Zhuo is already Sina's largest shareholder.
To be polite or not to be polite, these are all means to achieve the goal, as long as it is easy to use.
Sure enough, a business tycoon who was nearly sixty years old was forced to convene an extraordinary shareholders' meeting to accuse him face to face. This scene touched many people.
Especially since he had been hospitalized before.
Fang Zhuo is really not a human being!
"Mr. Duan, don't get excited, please pay attention to your health." Fang Zhuo, who was on the stage, expressed concern for the senior in the audience. He was not being hypocritical, he was really afraid that something would suddenly happen to him. If... that would be true.
Life is dark.
Duan Yongji angrily scolded: "Fang Zhuo, don't be hypocritical! Sina is not your family's place, and it is not for you to do whatever you want!"
"Sina is everyone's Sina, and we, the shareholders of Sina, must exercise our legal rights!"
Fang Zhuo nodded repeatedly and followed the words of the senior and said: "Yes, yes, this is everyone's legal right. However, although this quarter is not over yet, our board of directors and management agree that we should introduce our company to all shareholders."
Business Progress.”
He pressed the PPT button on the handed notebook without waiting for Duan Yongji's reaction.
A one-page performance summary of Sina Hotline was displayed on a large screen.
Duan Yongji's heart sank when he saw the first number. This was inconsistent with the information he had received. The Sina hotline business was developing, but why was it developing like this?
"Everyone, please see, this is the Sina hotline that I came to Sina to take charge of."
"The business revenue in the month before taking over was 840,000 Huaxia coins."
"The first week I took over Sina's hotline was 2.53 million."
"Look at the comparison of this picture, hey, one less picture to make."
Fang Zhuo took the microphone and counted in public: "The previous 840,000 divided by 4 is 210,000 per week. The current week is 2.53 million. That is...well, how many times?"
The vice president of Sina is not good at arithmetic, so he has not spoken out yet.
Someone in the audience who is quick at mental arithmetic has already come up with a shocking number, 12 times!
Half a minute, a full half minute, Fang Zhuo calculated for half a minute and said the answer: "The revenue in the first week of July was 12 times that of the previous week!"
There was a buzz of discussion in the audience.
What is the concept of 12 times the same business?
Fang Zhuo waited for the discussion to subside before continuing: "We did it for three weeks in July, and the revenue for the three weeks was 8.36 million."
The comparison chart this time was not forgotten. Everyone in the conference hall intuitively saw the revenue comparison of Sina's different businesses.
Sina Hotline’s wireless revenue and Sina’s advertising revenue are almost equal!
"Maybe it's not easy to compare the three weeks' revenue, but this month's is better."
Fang Zhuo deliberately kept the August revenue more confidential and only informed some directors and senior executives in the past two days.
China Mobile's share in August was 14.29 million, and China Unicom's share for nearly two weeks was 3.57 million, totaling 17.86 million Huaxia coins.
Sina's advertising revenue in August was 13.2 million.
Sina Hotline’s revenue is 1.35 times that of Sina Advertising!
The latter is a revenue business that Sina has pinned its hopes on since its establishment! Now it has been defeated by the former, which has been in business for more than a month!
Fang Zhuo likes the intuitive comparison of PPT, which allows people who are not good at arithmetic to clearly understand the gap between the two sides, and can see the vigorous development behind just by looking at the rising lines.
A more lively discussion came from the shareholders in the conference hall.
Duan Yongji stared at the numbers on the curtain, suspecting that they were fake!
Couldn't someone named Fang be capable of such a thing?
"Our Sina hotline is now worth a lot of money. We can collect hundreds of thousands a day. I estimate that the meeting today will be less." Fang Zhuo made a joke and said relaxedly, "I wonder why Sina didn't pay attention to this before.
A piece of business development.”
"Sina has the best content in the country, the fastest news, and the most influential brand. But even though we have been trying to catch up for more than a month, we are still lagging behind our competitors in the wireless value-added market."
"This kind of misjudgment..."
Fang Zhuo looked at Duan Yongji in the audience and said: "This misjudgment will not be mentioned in the past. What Sina needs to do now is to move forward and build its own competitiveness."
Sina's vice president scanned the entire conference hall and announced: "Based on the current situation, our board of directors and management believe that Sina is likely to turn a loss into a profit in the third quarter."
"This is a big plus for our share price on Nasdaq in the United States."
"As the founder of MiGA Fund, I can tell you responsibly that the haze of the Internet bubble in the US market is gradually fading, and Sina's turnaround at this time is of great significance."
Fang Zhuo said affectionately: "Sina is the first portal website to be listed in the United States. It has experienced a lot of shocks in the past year. I hope that Sina can become the first company to lead the recovery of domestic Internet market value in the coming years.
"
Full of affection!
Sincere and sincere!
Outstanding performance!
Fang Zhuo is not a human being, he is the angel who saves Sina!
Some people applauded hesitantly, but more people were still immersed in the shock of the performance.
What? Sina is actually going to make a profit?
The sporadic applause was a bit harsh.
Fang Zhuo's voice continued at the right time: "Our board of directors and management still have a package of ideas regarding Sina, business expansion, and future strategies."
"Sina hotline is the beginning of Sina's profitability, but it is by no means just the beginning. I am confident in leading Sina forward. This is the trust of the board of directors in me, the trust of the management in me, and the trust of Mr. Jiang and Mr. Mao in me.
of trust.”
Fang Zhuo raised his voice as if giving an inaugural speech: "I am confident that I can lead Sina back to its issue price, and I am confident that we can get back 90% of the market value we lost."
He clicked on the notebook and released the last list.
"For this goal and for the development of Sina, Sina must no longer have senior executives who are holding back. Before voting on Mr. Duan's proposal, we all agreed that we should vote on this list of directors first."
"Of course, after the director list is voted on, Mr. Duan's first proposal will be over, and then I can vote on my personal position."
The list of board of directors has changed from nine new seats this year to seven seats in the past.
In addition to the elimination of Duan Yongji and Yan Yuanchao, Fang Zhuo replaced a Duan director on the board of directors.
Seven seats only require the consent of four people to pass a resolution. Fang Zhuo has three seats that he firmly controls. Wang Yan cooperates well, and Wu Zheng has promised to acquire shares.
In addition, Mao Daolin, who retains his status as a director but is divorced, and Jiang Fengnian, who is quite neutral.
It can be said that once this list is passed, it means that Fang Zhuo has firmly controlled Sina's board of directors and will completely determine the direction of Sina's progress.
Duan Yongji pursed his lips tightly and looked ugly.
The shareholder supporter next to him whispered: "Mr. Duan, Mr. Duan, what should we do? What should we do?"
How to do how to do?
What else can be done?
The person named Fang doesn't play tricks, he plays crushing!
Duan Yongji’s news is completely distorted. He has some estimates of Sina Hotline’s performance in July, which is more than twice the real situation!
In addition, from a normal perspective, how can a stranger enter a new company and start a business so quickly?
Unreasonable!
The voting has begun.
Duan Yongji didn't move for a long time. He saw the vote counting on the big screen and the notary staff at the notary office.
34%.
47%.
56%.
68%.
The name of the first director to vote was Fang Zhuo, and he easily exceeded half of the votes. This was because the hardcore Duan family did not come forward to vote.
Duan Yongji shook his head slightly.
It makes no sense anymore.
When Fang Zhuo used the revenue from the wireless business to draw a picture of Sina's return to the peak of market capitalization, today's extraordinary shareholders' meeting ended.
Why invest in Fangzhuo?
Because I really hold Sina shares!
Duan Yongji stood up and looked deeply at Fang Zhuo.
Fang Zhuoyou was paying attention to the movements in the conference hall and looked at Duan Yongji condescendingly.
There were no words between the two of them.
Duan Yongji suffered a complete defeat today. Not only that, he suddenly began to doubt the Sina strategy he had previously influenced. Is the way of playing the Internet really for young people?
He turned around silently, took everyone out of the table, and left.
Whether or not he is involved in today's shareholders' meeting vote will not affect the outcome.
Fang Zhuo was still condescending, looking at the retreating figure.
Sina has been a family since then, and from today on, our surname will be Fang!
…
On August 29, Sina held its third shareholder meeting of the year and reported the company’s latest results.
Xu Changlun, chief writer of Sina, participated in the entire meeting and witnessed the transition between old and new power. He wrote an enthusiastic report that evening:
"All Sina employees warmly welcome Mr. Fang Zhuo to be elected as Sina President!"
After he finished admiring his article, he wrote the second article in one breath:
"President Fang Zhuo, an outstanding entrepreneur, jointly painted a beautiful vision for Sina today!"
This chapter has been completed!