Core Viewpoint - The article discusses the ongoing conflict between Beijing Huiyuan and its major shareholder, Zhuji Wenshenghui, regarding the legitimacy of a recent extraordinary shareholders' meeting and the company's financial performance amid challenges in meeting profit targets [3][5]. Group 1: Shareholder Meeting Controversy - On August 9, a public letter criticized the major shareholder for overdue investments, leading to a response from Beijing Huiyuan on August 14, questioning the legality of the third extraordinary shareholders' meeting held on August 11 [3][4]. - The extraordinary shareholders' meeting was characterized by "black box operations," with the major shareholder conducting the meeting unilaterally, and the only supervisor from Beijing Huiyuan being silenced when attempting to voice objections [3][5]. - The objection letter claims that the meeting violated multiple provisions of the Company Law, thus rejecting its legitimacy and the resolutions made during the meeting [3][5]. Group 2: Financial Performance and Challenges - Beijing Huiyuan's major shareholder, Wensheng Asset, has committed to a cumulative net profit of no less than 1.125 billion yuan from 2023 to 2025, with a target of 402 million yuan for 2025 [5]. - As of the first half of 2023, Beijing Huiyuan's net profit was approximately 100 million yuan, a year-on-year decline of about 40%, raising concerns about meeting the profit targets for the upcoming periods [5]. - If Beijing Huiyuan fails to meet the profit targets, Wensheng Asset may face equity compensation obligations to Guozhong Water or be required to repurchase shares, putting additional pressure on the company [5].
汇源再发文指责临时股东会“黑箱操作”