Chapter 22
Chapter 22 — The Creator Cannot Be Erased
On the seventh day... The audit team discovered. The first draft of the anonymous article on industry forums... Also stored in the data warehouse of the Dieu Xuyen project. Original title... Not:
"A veteran leader asked for more benefits right before the company listed."
"Founding team conflicts, Trung Quang's listing profile is at risk of continued postponement."
In the document editing history... There is a note left by Zhou Kaiming's assistant:
"Mitigating corporate governance conflicts."
"Emphasizes the greed of a senior leader."
"Avoid affecting the image of the new leadership."
This document is not enough to constitute a violation of the law. It's enough to prove one thing. The rumors that appeared after I was suspended... It's not something that just happened. On the one hand, I blocked all avenues for me to speak up for myself. On the other hand... Using the same supplier paid by the company... To create a story... Why was I locked up. The day the preliminary audit report is presented to the Board of Directors... Chu Dinh Son requests... Temporarily not to circulate documents. La Man refused.
"This is a report commissioned by the Audit Committee."
"It should be sent directly to the Audit Committee and the entire Board of Directors."
Chu Dinh Son looked at her.
"Even you..."
"Do you also choose to take a side?"
La Man calmly replied:
"I stand by..."
"Those who will be responsible after signing."
Finally... The report was still sent. That evening... Tuong Viet officially proposed to convene an extraordinary meeting of the Board of Directors. The content includes: Temporarily suspending all positions of Chu Khai Minh. Consider correcting violations in transactions with Dieu Xuyen. Redo the entire information disclosure section of the listing dossier. At the same time, reconfirm the founding team and management structure of the company. Nine years ago... Chu Dinh Son used his first investment... Taking Trung Quang out of the old warehouse. Nine years later... He realized for the first time. This company... Has grown to the point where... You can no longer rely on just one sentence from him... to decide who gets to stay. 14. Battle at the Board of DirectorsExtraordinary meeting... Set for 9 a.m. Friday. I arrived at the twenty-sixth floor... Ten minutes early. The card on my chest reads: Shareholders in attendance. No position. There is also no longer a company name. Seven members of the Board of Directors... Fully present. Chu Dinh Son and the director nominated by the Chu family... Sitting on the right. Opposite are... Two representatives of investment funds. Two independent members of the Board of Directors. Chief financial officer... As representative of the executive board... Sitting at the end of the table. Zhou Kaiming. Head of audit team. Outside lawyer. The same person in charge of the project of the securities company... All attended as guests. In front of everyone... Is a preliminary audit report. The outer cover has four words printed on it:
"Top secret."
Exactly nine o'clock... Chu Dinh Son was the first to speak. He analyzed all the losses if the listing continued to be delayed. The opportunity to open the next listing window is still uncertain. The bank will have to re-evaluate the credit limit. The employee stock option program will be extended. Investors' capital withdrawal progress is affected. Belief of Customers will also fluctuate. What you said... It's all true. Even if we clarify all issues... This crisis... Still has to pay the price. Finally... He concluded:
"Today..."
"What we decide..."
"It's not about the right or wrong of some process."
"Should it be because of internal conflicts..."
"Which destroys a company that is already standing right at the door of listing or not."
Tuong Viet opened the report.
"Just because I was standing in front of that door..."
"We cannot carry out an unannounced related party transaction..."
"To enter."
Chu Dinh Son replied:
"Related relationships..."
"There is still no conclusion yet."
The person in charge of auditing said:
"The cash flow was transferred to an enterprise controlled by Zhou Kaiming."
"Documents for supplier selection and price comparison..."
"There are signs of being added and edited later."
"While Zhou Kaiming himself..."
"Directly involved in approval again."
"With the available evidence..."
"At least..."
"This transaction should be considered a potentially related party transaction."
"And it must be published and reviewed."
Chu Khai Minh immediately said:
"Qiming Ventures only collects resource licensing fees."
"That doesn't mean..."
"I control Dieu Xuyen."
An independent Board member asked:
"I just approved Trung Quang's payment to Dieu Xuyen."
"Just let the company I control receive money from below."
"Why wasn't this announced?"
"Subcontracts..."
"Handle by the project team themselves."
"More than six million yuan transferred to your own company..."
"Is that something you didn't know?"
"It is revenue arising from the previous grant of rights to use the property."
The independent director continued to ask:
"We randomly check twelve businesses in the partner list."
"Nine businesses confirmed that they had never cooperated."
"Anonymous article drafts are also in the project's database."
"The so-called strategic value you mentioned..."
"What was handed over in the end?"
Zhou Kaiming tightened the edges of the report.
"Disclosure of information..."
"Can be supplemented."
"But it's impossible because of some procedural errors..."
"Which negates the entire strategy."
Tuong Viet... Don't continue to argue with him. An independent director... Moving on to another topic.
"Founder's Certification."
"Why after nine years..."
"Just before listing time..."
"The company changed Trinh Thu Ninh again..."
"From co-founder to hired manager?"
Chu Dinh Son replied:
"It's just a tweak to how the company tells its long-term brand story."
"Who approved?"
"The Office of the President and the executive board discussed together."
"Is there a resolution from the Board of Directors?"
"Founder's title..."
"Not a legal title."
"There is no need for the Board of Directors to approve every sentence and every word."
"If it's not important..."
"Why ask the person concerned to sign the confirmation?"
Chu Dinh Son paused for a moment.
"To avoid disputes."
"But she objected very clearly."
"So why is the company still preparing to submit the application..."
"According to only one interpretation?"
I spoke up.
"All previous fundraising documents..."
"They all say I'm a co-founder."
Chu Dinh Son turned to look at me.
"Before..."
"You said it yourself..."
"Write the name who..."
"It's not important."
I looked straight at him.
"I said..."
"I don't need to stand in a prominent position."
"But that's not..."
"Allow others to correct the truth."
"What's the difference?"
"One side..."
"I chose to stay silent."
"There's one side..."
"You guys forced me to sign..."
"To admit..."
"Those things..."
"Never happened."
Chu Dinh Son's eyebrows moved slightly.
"Thu Ninh."
"You're putting your personal feelings too high."
I quietly placed on the table... The share transfer contract. And non-compete agreement.