I'm in the county town, and you say I'm a big shot?

Chapter 488 The real show is about to begin!

Fang Qingye returned to her room, took a shower, and then lay on the bed video chatting with Bai Ou, naturally discussing the meeting in Inner Mongolia Province.

Hearing that Hu Lingling and that Hasengawa were having a drinking contest, Bai Ou scolded, "Ye Zi, Hu Lingling is still a young woman, don't ruin her health by drinking too much!"

"I know, we won't let her drink anymore. If she has any more social engagements, we'll just tell her she's on her period," Fang Qingye said with a smile.

"what?"

However, this reason seems quite compelling.

Of course, this wasn't what Bai Ou was concerned about.

"Ye Zi, I have a feeling that your meeting tomorrow will be all about palace intrigue," Bai Ou said with a smile.

"Yes, there's going to be a good show, and I'm not taking sides."

"Han Yongdong only asked you to abstain from voting but did not oppose Wang Zhenxi's nomination, which shows that he is still confident, even if it results in a 5-5 situation."

“Yes, according to the board rules of Baoshang Bank, if the board cannot reach an agreement, the decision can be made based on the number of shares held by each shareholder. I estimate that Han Yongdong, in addition to his own Baichuan Commerce, must have also lobbied other major shareholders, whose total shares exceed 50%. Therefore, as long as I remain neutral, he can get 5 votes. This will trigger this rule, completely negate the proposal to make Jiang Kang the vice president, and thus put forward his own candidate. It may even lead to a reorganization of the board of directors.”

"Then do you think Han Yongdong can succeed?" Bai Ou asked.

How can it be?

The Mintian system exists!

Fang Qingye strongly suspected that the major shareholders Han Yongdong had won over were actually already under the control of the Mintian Group, but he just didn't know it.

Even if one agrees to Han Yongdong's proposal and forms a majority at the board meeting, the other party may still overturn the table and, relying on their majority of shares, directly re-elect the board of directors, thus undermining the company's foundation.

Han Yongdong is the second largest shareholder of Baoshang Bank, and he will probably be able to hold onto his position as vice chairman of the board, but the other directors who support him will have a tough time.

However, Fang Qingye did not tell Bai Ou about the Min Tian system, so she could not say it now.

So he laughed and said, "It doesn't matter, I'll just sit back and watch the tigers fight."

The following morning, the board meeting of Baoshang Bank was held in the conference room on the fourth floor of the bank building, chaired by Wang Zhenxi, Chairman and President of Baoshang Bank.

When Fang Qingye first met Wang Zhenxi, he was tall and imposing, exuding an aura of authority.

Unfortunately, he was also a puppet.

A puppet of Xiao Jianhua, the actual controller of the Mintian Group.

Wang Zhenxi was very polite to Fang Qingye, shaking her hand and asking her about her well-being: "President Fang, you're from the south, are you not used to the climate in our Inner Mongolia province?"

"It's alright. Although it's cold and dry here, unlike the damp cold of Jiangnan, the mutton here is really good. Although we also eat mutton in Nanxin, it's not as good as what you have here. The steamed mutton is especially delicious."

"Hehe, is that so?" Wang Zhenxi said, glancing casually at Han Yongdong beside him. The other man looked serious and seemed not to have paid any attention to what they were saying.

Then he turned to Fang Qingye and said, "President Fang, since you like mutton so much, I'll treat you after the meeting. Everyone come and eat!"

Immediately, some people responded, while others sat and pretended not to hear.

The meeting began at nine o'clock. Everyone sat around the round table and went through the agenda item by item, while the company secretary, He Lan, took meeting minutes.

First, Wang Zhenxi, representing the bank's senior management, gave a report to the board of directors, which naturally consisted of a lot of boasting.

"This year, Baoshang Bank will support local economic development and the prosperity of residents, making a positive contribution to the construction of a new socialist countryside. As of the end of the year, total assets reached 2022 billion yuan, total deposits reached 1184 billion yuan, and total loans reached 545 billion yuan; the balance of non-performing loans under the five-tier classification was 5.04 million yuan, with a non-performing loan ratio of 0.93%."

The non-performing loan ratio is only 0.93%?!
Fang Qingye almost burst out laughing when she saw the data. Even if it were magnified 10 times, it would still be more than that, right?
However, no one, including Han Shaodong, seemed to raise any objections, and in the end, the vote was unanimously passed by raising hands!

The next step is to review and approve the company's annual financial budget and final accounts, and to assess the various risks facing the company.
The meeting lasted until noon. Everyone ate the boxed lunches delivered to the company, rested for a while, and then continued the meeting.

The conference room was warm, and Fang Qingye was starting to doze off. He noticed that the other directors were also dozing off, except for Chairman Wang Zhenxi, who was still full of energy. "Now we will proceed to the last item, regarding the personnel adjustments at the bank's senior management level."

As soon as Wang Zhenxi finished speaking, the directors perked up, those who had been dozing off opened their eyes, and Fang Qingye also perked up.

The real show is about to begin!

"Since the former vice president Qin Mingwei has retired, there is now a vacancy for a vice president. According to the relevant board of directors' articles of association, I propose that Jiang Kang, the president of the Hohhot branch, take up this position."

Wang Zhenxi then introduced Jiang Kang again, praising his outstanding performance as the head of the Hohhot branch and his competence in the role of vice president of the head office.

"Alright, everyone can start discussing my proposal. Please feel free to express your opinions."

There was silence in the conference room.

After a while, someone said, "Chairman Wang, Jiang Kang isn't as outstanding as you say, is he? As far as I know, when he was the head of the Hohhot branch, he didn't strictly control loan approvals, which led to a large number of non-performing loans for the bank!"

It's Han Yongdong.

Holding a document, he looked around and said, "Gentlemen, as far as I know, the Hohhot branch had 120 million yuan in bad debts by the end of December, not the 30 million yuan stated in the financial statements! Just for this, he is unqualified to be the branch manager!"

"Oh?"

Wang Zhenxi didn't seem surprised. He looked at Han Yongdong with a smile and said, "Mr. Han, where did you get this data? I don't know anything about it."

“It’s so true!”

“But I don’t think so.” Wang Zhenxi’s tone hardened: “The financial statements of each branch have all been jointly reviewed and approved by the head office’s finance department and audit department! And they’ve also been submitted to the board of supervisors! You’re telling me, these people are all lying?”

Before Han Yongdong could speak, Wang Zhenxi continued, "Just last month, the Provincial Banking Regulatory Bureau conducted a spot check on the Hohhot branch and found nothing wrong. Could it be that the leaders of the Provincial Banking Regulatory Bureau are also lying?!"

"This"

Han Yongdong was speechless.

Oh shit!

Don't you have people in the provincial banking regulatory bureau?! You've already fed them all!
But he dared not say this unless he completely withdrew from Baoshang Bank and stopped getting involved with any financial institutions.

He couldn't bear it.

Moreover, he himself is not clean; he does the same things as Zhang Zhenxi.

So Han Yongdong said calmly, "We don't need to argue or discuss anymore. Everyone knows what's going on. Let's vote."

"Alright, things are settled in no time. I'll treat everyone to mutton." Wang Zhenxi said with a relaxed expression.

The company secretary, He Lan, had already prepared the ballot, which contained only one question: Do you agree to appoint Jiang Kang as the vice president of Baoshang Bank?

Yes or no.

The voting ended quickly, and the results were in.

Five votes in favor, five votes against! Fang Qingye abstained!
He also made a special statement: "I'm sorry, I'm new here and don't know much about this place. I think what you all said makes sense, so I abstain from the contest."

He glanced at Han Yongdong and Wang Zhenxi's expressions again, and they seemed to be unaffected, indicating that everyone had anticipated this outcome.

“In that case, according to the board meeting rules, shall we decide the voting result based on the number of shares held by each shareholder?” Han Yongdong immediately offered his opinion.

"It seems, Mr. Han, you've got the victory firmly in your grasp?" Wang Zhenxi looked at him with a smile: "Your Baichuan Commerce and Trade Investment only holds 18.3% of the shares!"

(End of this chapter)