Chapter 995: Hanging and beating Wade Shiyahuai

'I agree!'

As soon as Zhang Dasheng spoke, the whole audience erupted into an uproar.

Wade Shiyahuai's face was extremely ugly, and he stared at Zhang Dasheng with fierce eyes.

Wei Li, however, gave a satisfied smile and gave Zhang Dasheng an appreciative look.

Then he looked at Fan Keming next to Zhang Dasheng.

With the example of Zhang Dasheng before his eyes, Fan Keming was not at all sure of himself when he saw Wei Li looking at him, fearing that Wei Li would also throw a stack of documents at him and let him choose again.

As the saying goes, fear brings what you fear.

In the somewhat flustered gaze of Fan Keming, Wei Li took out another stack of bound documents from his bag and threw them in front of Fan Keming, saying indifferently, 'I'll give you another chance to recognise the situation!'

While Fan Keming was in a daze, Wade Shi Yawai suddenly got up and walked towards Fan Keming, as if he wanted to snatch the documents in front of Fan Keming.

Wade Shi Yawai's sudden move took everyone by surprise.

However, Wei Li immediately came back to his senses and shouted, 'Fan Keming, hold onto the documents, or you'll regret it!'

'Luo Da, maintain order in the meeting room!'

Luo Da, the bodyguard brought by Wei Li, immediately ran over from the edge of the meeting room.

Fan Keming was startled and subconsciously grabbed the document, preventing Weid Shiyahui from seizing it, even though Weid Shiyahui grabbed one side of the document and refused to let go.

Seeing that the bodyguard was about to come over, Weid Shiyahui hurriedly shouted at Fan Keming, 'Matt, give it to me!'

Just as Fan Keming hesitated, Weili's bodyguard had already run over and stepped between the two of them, restricting Weid Shiyahui's movements.

Wade Shijiahuai's attempt to snatch the documents failed.

At this point, Wei Li stood up, narrowed his eyes and said to Wade Shijiahuai, 'Mr. Wade Shijiahuai, you will find out how much equity we actually hold in Xiangjiang Aircraft Engineering later, so why be in such a hurry?'

'Is this the kind of behaviour you, the chairman, should be exhibiting?'

'The shareholders' meeting is still in progress, so go back to your seat and sit down!'

Facing Wally's sarcastic remarks, Wade Shiyahuai's face trembled with anger. After reluctantly glancing at the document in Van Keming's hand, he stared at Wally with a gloomy gaze and said, 'Wally, you are threatening the shareholders. According to the Articles of Association, this shareholders' meeting is invalid!'

Wally gave a faint smile, looked at Zhang Dasheng, and asked mildly, 'Zhang Dasheng, did I threaten you?'

Ignoring the gaze of Wade Schiaway, Zhang Dasheng said firmly, 'I have not been threatened in any way!'

Wade Schiaway gave a faint smile and looked at Fan Keming again, whispering, 'Fan Keming, you can read the proof of shareholding by yourself and then reply to Mr. Wade Schiaway whether or not I have threatened you!'

Fan Keming did not say a word, and flipped open the document at an angle that only he could see, and discovered that it was indeed the proof of shareholding of Xiangjiang Aircraft Engineering Company.

He mentally calculated, and when the accumulated numbers reached 44.12%, he knew that he had found the proof.

He flipped to the next page, expecting to find another certificate of equity ownership, but at a glance, it was not in that format at all, but rather a narrative text and a series of numbers.

And this narrative text and numbers made Fan Keming's face turn pale and his scalp tingle.

It turned out to be a piece of his unsavoury business in Xiangjiang Aircraft Engineering Company.

If it were exposed, it would be enough to get him a prison sentence!

How did Wei Li have evidence against him!

He had obviously been very careful, and absolutely no one else knew. How did Wei Li find out!

Fan Keming felt his heart jump. He suppressed the shock and panic in his heart, looked up at Wei Li, and just saw Wei Li looking at him with a calm expression.

It was this calm expression that made Fan Keming's heart fear instead.

Jiuding Industrial Group has now become the largest shareholder of Hong Kong Aircraft Engineering Company. Although the shareholding ratio is less than half, Swire Pacific's direct shareholding is even less.

If Jiuding Industrial Group successfully controls Cathay Pacific Airways, Hong Kong Aircraft Engineering Company will also change hands, and Wei Li will become his boss!

Not only will he be his boss, but he will also be the largest shareholder and have his dirt on him.

Facing this situation, Fan Keming, with his life and future at stake, decisively switched sides.

He said resolutely, 'I agree with Mr. Waley's proposal!'

After saying that, he immediately added, "I did all this of my own free will!'

Wade Schiaway stared at Frank Ming angrily and asked, "Matt Arnold, you dare to betray me!'

Frank Ming's face twitched as if he was expressing his determination to Waley. He strongly retorted, 'Mr. Wade Schiaway, I am the representative of Hong Kong Aircraft Engineering Company in Cathay Pacific, and I have the right to make my own choice!'

Wade Shiyahuai became even more furious, and he shouted angrily, 'In my capacity as the chairman of Hong Kong Aircraft Engineering Company, I declare that your representative status is revoked, and I will represent you directly. Get out!'

Vali then stood up to support Fan Keming, and said coldly, 'Mr. Wade Shiyahuai, revoking Fan Keming's representative status requires discussion and a vote by the board of directors, and you are not the one to decide!'

'This is the Cathay Pacific shareholders' meeting, and your position as chairman of Hong Kong Aircraft Engineering Company is of no use here!'

After saying this, Welly looked at the bodyguard Luo Da and commanded, 'Pay attention to the order of the meeting and continue the meeting!'

Fank Ming immediately sat down, pressing his hands firmly against the document Welly had given him, for fear that someone would take it away.

Even though he didn't want to, Wade Shiyahuai had to sit down again.

Wei Li continued, 'For the proposal just made, those in favour please raise their hands!'

After saying this, Wei Li himself raised his hand first, and Fan Keming and Zhang Dasheng immediately followed suit.

Wei Li looked at the representative of the supervisors in the audience and commanded, 'The representative of the supervisors is responsible for counting the votes and announcing the results!'

There were only four shareholders left, and the number of votes raised by hand was clear at a glance.

The representative of the supervisory board immediately stood up and said, 'The proposal to remove the company directors Zhao Xiang, Liu Tai, Jones Federer, etc., from their positions has a 100% turnout, with 63% in favour and 37% against!'

'The proposal is passed as more than half of the votes were in favour!'

As soon as the representative of the supervisory board finished speaking, Song Bo led the applause from the audience, followed by a few others.

Although the seven people whose directorship had been revoked were very unhappy, they had to accept this cruel reality.

After the applause died down, Wei Li deliberately looked at the independent directors.

After taking his eyes off them, he continued, 'The first agenda is over, let's move on to the second!'

'In view of the large-scale change in the company's shareholding, the original shareholders Standard Chartered Bank, HSBC and the Song family have all transferred their shares to Jiuding Industrial Group. Currently, the group's shareholding ratio is 54%, and according to the rule that 5% of the shareholding ratio can get one director seat, Jiuding Industrial Group should enjoy ten director seats.'

'For the sake of the company's stability, the four director seats of the former HSBC, the three director seats of the Soong family, and the two director seats of Standard Chartered Bank will remain unchanged for the time being,'

'For the remaining one director seat, I propose myself as a candidate for the board of directors, and propose that the shareholders' meeting adopt the cumulative voting system to vote this time!'

'Now we will vote by show of hands, and the supervisors will do the vote counting!'

'Those in favour, please raise your hands!'

After saying this, Wei Li himself took the lead in raising his hand.

Fan Keming and Zhang Dasheng immediately followed suit.

Wade Sziahuai sat in his chair with a dark face, his heart filled with anger and frustration, but unable to do anything about it. He could only watch as Weili flaunted his power at the shareholders' meeting, relying on his majority shareholding.

The representative of the supervisory board stood up again and said, 'Regarding the proposal to nominate Mr. Weili as a new director of the company, the voting rate is 100%, the approval rate is 63%, and the disapproval rate is 37%!

'The approval rate is over 50%, so the proposal is passed!'

'Clap, clap, clap...'

After the representative of the supervisors read out the result, Wei Li took the lead in applauding, and a broad smile appeared on his face.

After the applause died down again,

Wei Li looked at Wade Schiawai and asked, 'Mr. Wade Schiawai, my proposals for this extraordinary general meeting have all been completed. If you have no proposals, then this general meeting is over.'

Wade Schiawai's mind was in a mess at this time, and he had no proposals. He said coldly, 'No.'

Wei Er gave a faint smile, looked at the crowd below, and said aloud, 'Then I declare this extraordinary general meeting officially closed!'

Just as everyone thought Wei Er's actions could come to an end, he suddenly said again, 'With the exception of the vacancy for a director of Swire Pacific, all other directors are present. As a shareholder with 54% of the voting rights, I propose that an extraordinary board meeting be held here three days from now, on June 17, at 9:00 a.m. sharp. All directors and relevant attendees are requested to attend on time.'

This proposal by Wery is reasonable and sensible, and there is simply no way to refuse it.

After all, an extraordinary board meeting is not a formal board meeting, and the conditions for convening it are more relaxed. It can be convened as long as one of the following three conditions is met:

First, a shareholder representing more than 10% of the voting rights proposes it;

second, more than one-third of the directors propose it;

third, the supervisory board proposes it.

In fact, in Wery's case, the first and second conditions are both met.

But if the second condition is used, others will also need to express their views with him. Where is the authority of his direct use of the first condition?

The matter was already settled, and there was no way for Wade Schiaway to resist. While he was angry and frustrated in his heart, he secretly rejoiced that there were still nearly three days left.

If Veri proposed to immediately convene an extraordinary board meeting right now, with all the shareholders present, although the number of directors represented by Swire Pacific was insufficient, he, as the chairman, could hold the seat on behalf of them. So counting all the directors, he simply could not stop Veri's proposal.

Weid Shiyahui also guessed that Veri was not completely sure that he could get all the independent directors on board, which was why he had set the extraordinary board meeting for three days later. Otherwise, it would have been held right away.

And this was their only chance!

They had to hurry back and report to their uncle!

Thinking this, Weid Shiyahui left the meeting directly, shaking his sleeve and leaving. His subordinates, who had been removed as directors, immediately followed him in a dejected manner.

However, it was as if his mind was elsewhere, and as he reached the door he bumped into a chair leg, nearly causing him to fall. Fortunately, someone behind him was quick-witted enough to catch him, but Wei De Shi Yahuai still looked utterly dishevelled.

Wei Li seized the opportunity to tease Wei De Shi Yahuai, who was about to disappear through the door, 'Mr Wei De Shi Yahuai, be careful, it would be a shame to injure yourself and miss the board meeting after three days of absence.'

'Hahaha...'

A series of laughter immediately erupted from the audience. Of course, the only people who dared to laugh openly were on Weli's side. Some of the company executives endured the laughter with great difficulty.

Weli looked at those executives and said casually, 'In the time to come, everyone do their jobs well. There will be changes at the top of the company, but it will be over soon and will not affect the normal operations of the company.'

'Everyone disperse!'

After saying this, Wei Li stepped down from the stage and walked over to the group of independent directors.

These independent directors were the key to his complete control of Cathay Pacific Airways. Now he would get to know them a little better so that he could work on them in a targeted manner.