After being dumped by the diva, I was picked up by her arch-enemy.
Chapter 135 Proposal
"Let's begin."
Xu Tianxiong raised his hand to signal the meeting recorder.
He did not obstruct the vote.
Having sat in the chairman's position for decades, there's no point in delaying at this point.
The meeting recorder opened the voting system.
The large screen on the wall then lit up.
[A provisional motion to remove Xu Tianxiong from his position as chairman.]
[Agreed.]
【be opposed to.】
[Abstain.]
Three options were presented to all shareholders.
Bai Yanqiu leaned back in his chair, tapping his fingers rhythmically on the table.
"Chairman Xu, please sign."
"If I step down now, at least I can retain some dignity."
Xu Tianxiong opened the proposal and scanned it twice.
"Is Young Master Bai in such a hurry because he's afraid things might get complicated if he delays?"
Bai Yanqiu scoffed.
"Forty-eight percent versus thirty-two percent."
"I just don't want to waste everyone's time."
"You've miscalculated."
Xu Tianxiong raised his head.
Butler Zhang immediately placed the documents in his hand on the table and distributed them to the shareholders present one by one.
There are a total of fourteen documents.
Each one is a shareholder authorization letter.
Bai Yanqiu's smile vanished instantly.
Li Wei quickly picked up one of the documents and flipped through it page by page.
"Zhou Yongkang, three percent."
"Han Limin, 2.5 percent."
"Lincheng Investment, 4%."
"There are also a few minority shareholders..."
The more he read, the lower his voice became.
These people have maintained a neutral stance on the surface.
Two of them even contacted the Bai Group, expressing their willingness to sell their shares.
No one expected that they had already signed a consensus voting authorization with Xu Tianxiong.
Butler Zhang stood behind Xu Tianxiong.
"According to the proxy agreement signed by the fourteen shareholders, all of their shares will have their voting rights exercised by Chairman Xu on their behalf."
"The total entrusted shares amount to 14%."
"Including the 32% held by Chairman Xu himself, the current number of shares opposing the removal motion is 46%."
A murmur arose in the conference room.
The expressions of the executives who had just sided with Bai Yanqiu changed.
Forty-six percent.
This has far exceeded everyone's expectations.
Xu Zhiyou's tense shoulders relaxed a bit.
She turned her head to look at her father.
Xu Tianxiong remained seated in the main seat, showing no sign of smugness.
He had been preparing for nearly half a year for those fourteen percentage points.
He was not unaware that the Bai family was quietly accumulating shares in the secondary market.
However, the Bai Group used a large number of nominee accounts, and Xu Tianxiong was unable to find out exactly how much the other party had received.
He could only contact trusted existing shareholders to obtain voting authorization.
But the betrayal of Zhao Hai and the other two was completely beyond his expectations.
The 23 percent held by these three people was originally the part he was most confident in.
Bai Yanqiu picked up the fourteen documents and carefully checked the seals and signatures.
Several minutes passed before he suddenly burst out laughing.
"Good tactic."
"Chairman Xu, you really did leave yourself a backup plan."
Xu Tianxiong put down his pen.
"Having lived in the business world for decades, you can't be completely unprepared."
"pity."
Bai Yanqiu threw the document back onto the table.
"It's still two percentage points short."
These words immediately caused the atmosphere, which had eased somewhat, to tense up again.
The shareholding percentages on the big screen were re-entered by staff.
Bai Yanqiu's side, 48%.
Xu Tianxiong's side, 46 percent.
The remaining 6 percent of the shares are held by several neutral shareholders and anonymous escrow accounts, with no proxy present.
According to the Xu Group's articles of association, a temporary motion to remove the chairman is subject to a relative majority vote based on the valid shares participating in the vote.
Abstentions are not counted in the votes for or against.
Anonymous escrow accounts that are not present will not be included in this statistic.
Forty-eight to forty-six.
Bai Yanqiu still holds the advantage.
Xu Zhiyou's heart, which had just been at ease, jumped into her throat again.
"Whose three percent is that?"
She turned to Butler Zhang.
Butler Zhang shook his head.
"We only found three custodian accounts; the actual holders have not yet been disclosed."
"Can't we contact the exchange?"
"Today is an extraordinary general meeting of shareholders, and there is not enough time to complete the application process."
Bai Yanqiu raised his hand and tapped the table.
"This is a shareholders' meeting, not a family banquet for the Xu family."
"Ms. Xu has neither shares nor is she a member of the board of directors."
"The following is an internal vote; please leave if you are not involved."
Xu Zhiyou suddenly turned around.
"I'm the chairman's assistant!"
"Then you're even less qualified to vote."
"you!"
Xu Zhiyou was so angry that she wanted to rush over, but Xu Tianxiong raised his hand to stop her.
"Yuzu, go outside and wait."
"Dad, but..."
"obedient."
Xu Tianxiong's voice was very steady.
Xu Zhiyou bit her lower lip.
She glanced at Zhao Hai and the other two with resentment, picked up her phone, and walked out of the meeting room.
........
Inside the meeting room.
Electronic voting has been launched.
Zhao Hai, Qian Ming, and Sun Daqiang were the first to press the "yes" button.
The shares held by the three individuals were transferred to Bai Yanqiu's side.
The red number on the big screen quickly jumped to 48%.
Xu Tianxiong then pressed the button to object.
Fourteen authorized shares were included at the same time.
The blue number stopped at 46%.
The meeting recorder stood up to check.
"In favor, 48 percent."
"46 percent of the votes were against it."
"Abstentions: 6%"
Li Wei pushed up his gold-rimmed glasses.
"According to the articles of association of the Xu Group, a total of 94 percent of the shares participated in the valid vote."
"The votes in favor exceeded the votes against."
"The motion to remove him from office has been passed."
Bai Yanqiu stood up and slowly buttoned up his suit jacket.
"Chairman Xu."
"From this moment on, this position belongs to me."
He stepped toward the head of the table.
Xu Tianxiong sat there without getting up.
Butler Zhang stepped forward, blocking the two of them.
"Mr. Bai, the meeting minutes have not yet been signed, and the business registration change has not been completed."
"Please have some self-respect."
Bai Yanqiu stopped in his tracks.
"What airs is a ousted chairman putting on?"
He turned to the meeting recorder.
"Bring me the resolution, I'll sign it now."
Just as the meeting recorder was preparing to print the resolution, an argument suddenly broke out in the hallway outside.
"Sir, a closed-door shareholders' meeting is being held inside!"
"You cannot enter without registration!"
"I am a shareholder."
The sound entered the conference room.
Xu Tianxiong raised his head.
Bai Yanqiu's expression changed.
The next second, the conference room door was pushed open from the outside.
Xu Zhiyou stood by the door, her eyes, which had been red with anxiety, finally regaining their light.
Jiang Yichen took off his mask, holding a share certificate in his hand.
His black coat was still damp with the drizzle that had fallen while he was on his way.
"Sorry, the flight is delayed."
Jiang Yichen walked into the conference room and placed the documents on the table.
"The three percent held in the anonymous escrow account belongs to me."
"Those three percentage points, all voted against."
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