On July 25, Oriental Selection announced on the Hong Kong Stock Exchange that Dong Yuhui has decided to no longer serve as an employee of the company and the senior management of a consolidated affiliated entity of the company. The resignation is due to Dong Yuhui’s career ambitions and his influence on his other businesses. investment and personal schedule, and will be effective July 25, 2024. In addition to fully paying the promised benefits and compensation to Dong Yuhui, Yu Minhong, chairman of the board of directors, has sought approval from the board of directors and the remuneration committee of the board of directors to distribute all remaining undistributed profits of Peer to Dong Yuhui to Dong Yuhui.
In addition, in accordance with the listing rules and the company's articles of association, Yu Minhong has made arrangements for the settlement consideration for Dong Yuhui's acquisition of Hehui Peer. In order to maintain the normal operation of Hehui Peer, the company will provide self-developed information systems to Hehui Peer for free.
Data map: Dong Yuhui
Just now, Dong Yuhui posted a long reply on the Douyin platform:
Without New Oriental and Oriental Selection,
would not be where I am today;
Walking with Hui Starting from today,
will start to run independently.
On July 25, Yu Minhong published an "Open Letter to the Shareholders and Friends of Oriental Selection" on his personal public account. The letter confirmed that "from today on, Oriental Selection's wholly-owned subsidiary Hui Peer will officially start from Oriental Selection." The selection is independent, and Dong Yuhui personally holds 100% of its shares."
In the letter, Yu Minhong said, "Although there have been no obstacles in communication between Yuhui and I, the complex disputes in public opinion coupled with a few forces with ulterior motives. The guidance and rumors directly led to the estrangement between Oriental Selection and Walking with Hui. At the same time, I myself was deeply involved in the tide of public opinion and was constantly attacked and stigmatized. Yu Hui also suffered a lot of unwarranted accusations and injuries. This situation. This public opinion environment has led to huge uncertainty in the development of both companies. The stock prices have fluctuated violently due to external influences, and the company's credibility and reputation have dropped sharply. "
Source: China News Network, Dong Yuhui's Douyin account. , Lao Yu's gossip WeChat public account
Copyright belongs to the original author
Editor: Chen Rui
First trial: Ye Lu; Second trial: Zheng Yuan; Third trial: Yu Haitao
Final trial: Jin Bo
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