Shellett sues shareholders for abuse of rights


On April 3, Shellett issued a notice stating that the company entrusted the lawyer of Beijing Bangsheng Law Firm to submit a “Civil Complaint” to the Nanhai District People's Court of Foshan City on March 24, 2008, and sued the shareholders, Mr. Li Zhenghui, for abuse of shareholders. right. On April 2, 2008, the company received the Notice of Accepting Cases from the People's Court of Nanhai District, Foshan City, Guangdong Province. The case was filed on March 28, 2008.

Snowlight shareholder Li Zhenghui served as director and deputy general manager of the plaintiff company. In July 2007, Li Zhenghui submitted a written resignation report to the Shelley Human Resources Department on the grounds of personal reasons, requesting the resignation of directors and deputy general managers. The board of directors of Shell Wright held the fifteenth meeting of the first board of directors on August 27, 2007. After the resolution, the board of directors agreed that Li Zhenghui resigned as deputy general manager. In accordance with the provisions of the Schleider Company's articles of association, the director resigns and becomes effective when the resignation report arrives at the board of directors. On August 28, 2007, Li Zhenghui and Shen Wright completed the resignation formalities. Xuelaite Company also issued a certificate of resignation at the request of Li Zhenghui.

The announcement stated that the fifteenth meeting of the first board of directors of Shelley Company, at the request of Li Zhenghui, agreed to resign as deputy general manager and confirmed that Li Zhenghui resigned as a director in accordance with the company's articles of association, in compliance with the law and the company's articles of association, and was fully legal and valid. However, Li Zhenghui, for other personal purposes, filed a civil action for shareholder disputes with the Nanhai District People's Court of Foshan City in late October 2007. In the civil litigation of shareholder disputes, Li Zhenghui claimed that the resolution of the fifteenth meeting of the first board of directors of the company was in violation of the law, infringing on his rights as a director and requesting the court to revoke the case. The case has aroused the attention of the news media. Many media have reported on the "opening of the board of directors during the vacation," "the deputy general was fired on the board of directors", "Snow Wright and the former executives in court". Such reports have had a significant negative impact on Shellett's production operations and social reputation. In the course of the trial of the above-mentioned case by the Nanhai District People's Court of Foshan City, Li Zhenghui applied for withdrawal of the lawsuit on March 10, 2008. The court of the case filed a civil ruling of (2007) Nanmin Erchuzi No. 2068 on the same day as Li Zhenghui applied for withdrawal of the lawsuit, allowing the defendant to be allowed. Withdraw the lawsuit. The ruling is now in force.

Xuelaite believes that as a shareholder of the company, Li Zhenghui should focus on the interests of the company, but in order to achieve his personal purpose, he abuses the right of action given by the "Company Law" and, without any factual basis and legal basis, he is free to Snow Wright. After filing a lawsuit, after the case was opened twice by the court and caused widespread media attention, it was again rebellious, playing with the law, and withdrawing the law at will. The act was obviously abusive, causing Snow Wright to include stock price fluctuations, social negative evaluation, and payment related expenses. Various losses, etc. Now Guangdong Snowlight Optoelectronics Technology Co., Ltd. has filed a lawsuit requesting Li Zhenghui to compensate Snowlight for an economic loss of 100,256 yuan, and ordered Li Zhenghui to report in the Securities Times, China Securities Journal, Shanghai Securities News and Securities Daily. Shell Wright publicly apologizes to abolish the impact and bear all litigation costs.

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