The Shengsheng International shareholder meeting has entered the second half, with the main agenda being the selection of a new executive director. As usual, the host begins by explaining the rules.
Apart from the previously mentioned rules concerning free share transfer on the spot, only the top three largest shareholders are eligible to run, and the withdrawal of Zhengdong Province from the selection, the host also introduced one special rule.
If the first shareholder holds shares equivalent to or exceeding 150% of the shares held by the second shareholder, they are deemed to possess absolute controlling interest. Additionally, if they receive support from over 80% of employee votes, they can directly become the executive director of Shengsheng International.
No one, including the shareholder meeting, has the right to oppose.
Of course, this special rule is generally considered nearly impossible to achieve by many.
