Chapter 123: Zhao Qingfeng Takes the Stage (1/2)

Li Jianjun didn’t know what to say.

During the days at the Shangri-La Hotel, they had racked their brains, but from all angles, the outcome seemed no better than the original version given by Manager Zhang.

Or rather.

It should be said it was the original version given by Zhao Qingfeng.

Faced with Wang Yang’s open mockery, Li Jianjun felt a mix of anger and cold despair.

But a chairman must maintain the dignity and solemnity of his position.

As the applause died down, he picked up the report and, in front of everyone, loudly read out the sales results for Li Ming Clothing, which he hadn’t had the chance to finish last time.

“Li Ming Clothing was the first pilot of our ‘light asset reform’ at Erlunsi.”

“After statistical analysis, Li Ming Clothing, using our Erlunsi brand, sold out the backlog of two hundred thousand pieces of clothing in just under a month.”

“This shows.”

“Our ‘light asset reform’ plan is effective. There are many companies like Li Ming Clothing in the market. As long as we work together, we can achieve mutual benefits.”

Well said.

To the average person, this proof seemed to indicate something.

But to the shareholders, such a statement was as good as saying nothing.

The light asset reform, selling branding rights, was indeed the biggest method.

But it involved far too many details.

How to sell, to whom, who are the target customers, how to develop the market?

Pricing, asset analysis, customer filtering, market operations, all the details, all too complex.

Soon, two shareholders raised several tricky questions.

Li Jianjun couldn’t answer them, and neither had Zhang anticipated them.

Both of them exchanged glances, uttering some platitudes, but obviously failing to convince the audience.

Wang Yang, watching all this, smiled to himself.

After scanning the crowd, he began to address Li Jianjun.

“Old Li!”

“We all followed you initially because you had a thorough analysis of the market.”

“But things are different now.”

“You said to hire celebrities for endorsements, we did; you said to advertise on CCTV, we did.”

“The brand became high-end, but the products were unsold.”

“Especially since two years ago when you, ignoring our objections, decisively launched the guaranteed sales strategy, our company has been going downhill!”

“I’ve always said it’s a vicious cycle.”

“Unlimited production, numerous franchisees, and market stagnation, the result is obvious.”

“Everyone hasn’t forgotten, right? Just three months ago, those protesting franchisees even sat in front of the city government.”

“The government fined us, and more and more stores are closing.”

“So, tell me, can we still trust his decisions?”

“If we fail again, there will be no turning back!”

“My point is, we need to re-elect board members and decide on a new direction for the future. If I were chairman, I propose we completely switch fields, and go into…”

Before he could finish.

Li Jianjun immediately stood up to interrupt, “Wang Yang, stop there. Are you just trying to divert all the shareholders’ funds into your father-in-law’s electronics industry?”

Wang Yang was not to be outdone, yelling, “What’s wrong with electronics, isn’t it better than your light asset?”

Li Jianjun snorted, “Who doesn’t know you’re trying to benefit from this? The shareholders’ money will be drained by you in a few years!”

Wang Yang was even more disdainful, “Then believe in your light assets. You’re just following the whims of a middle school student! It’s ridiculous, my friends, let me tell you the truth, Li Jianjun’s so-called ‘light asset reform’ plan is nothing but a scheme concocted by a middle school student and Li Ming Clothing to swindle brand rights and solve a crisis!”

As his words ended.

The room was in an uproar.

Only a small portion of those present knew about Manager Zhang and Zhao Qingfeng’s affair; the others, especially the shareholders, were completely unaware.

“Li Jianjun, is what he’s saying true?”

“Your reform reason actually came from a middle school student!”

“Wang Yang, you can’t just make things up, we have to speak reasonably.”

“I can’t believe Erlunsi has come to this point, sigh…”

The shareholders’ hearts cooled considerably.

Seeing many didn’t believe him, Wang Yang laughed loudly, “I knew you wouldn’t believe it! That middle school student named Zhao Qingfeng is right downstairs, sitting in my car. I’ll have him come up now!”

“Wang Hai.”

“Go downstairs and bring Zhao Qingfeng up!”

“Let him tell us what exactly happened that day, so you all can see for yourselves how Li Jianjun, this incompetent person, tried to use such child’s play lies to persuade you to support him continuing as chairman!”

Wang Hai, overjoyed, turned and walked away.

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