Reported 8 months ago
During the Chaofu International shareholders' meeting on June 15, no one took the chairman's seat, and the meeting was declared to be in a state of confusion, leading to protests from shareholders present. This marks the first case of a listed company's shareholders' meeting going awry this year. With the board of directors' term expiring, the founder's family and major shareholders attended, expressing dissatisfaction over the absence of the new management team, including Chairman Chen Jian. The meeting faced continuous delays and ultimately resulted in chaos and discontent among shareholders.
Source: YAHOO