Sun Hongbin is in charge of LeTV without any suspense or will cooperate with Wanda to lay out a large entertainment industry

On July 17, Le.com held an extraordinary shareholders 'meeting, and three people including Sun Hongbin, Chairman of Sunac China, successfully entered Le.com's board of directors. As a result, the number of LeE.com's board of directors has increased to eight, of which 5 are non-independent directors and 3 are independent directors.

Original title: Sun Hongbin officially joined the board of directors said that Wang Jianlin may cooperate with LeEco

On July 17, LeE.com held an extraordinary shareholders 'meeting, which attracted much attention from the market. After Jia Yueting resigned as chairman of LeE.com, shareholders at this meeting will review whether to pass the "Proposal on the Reorganization of the Third Board of Directors and the By-election of Non-Independent Directors", which will also determine whether Sunac China Chairman Sun Hongbin can join the board of directors of LeE.com and become chairman of LeE.com.

The reporter learned at the scene that dozens of LeE.com executives and shareholders attended the shareholders meeting. Sun Hongbin, chairman of Sunac China, and other three people successfully entered the board of directors of LeTV. As a result, the number of LeE.com's board of directors has increased to eight, of which 5 are non-independent directors and 3 are independent directors. Liu Hong, vice chairman of LeTV, was not present due to flight reasons. Liu Shuqing, a non-independent director of LeTV, presided over the meeting.

Liu Shuqing is a senior general manager of Sunac China. In March this year, Tianjin Jiarui Huixin was nominated as a non-independent director of LeTV.

At this shareholders 'meeting, Sun Hongbin also said for the first time about the 3 billion yuan related transactions between LeEco's listed companies and unlisted company systems that were questioned by the outside world: "We are looking for a way to resolve this incident as soon as possible." He revealed that in the future, the Wanda industry under Wang Jianlin, chairman of Wanda Group, may intersect with LeTV Pictures.

There is no doubt that Sun Hongbin will become the new leader. Sun Hongbin

was the first to appear at the shareholders 'meeting as a new director candidate for LeTV. This shareholders 'meeting is crucial to his ability to become the head of LeTV.

According to Le.com's previous announcement, due to the resignation of Le.com's former chairman Jia Yueting, the number of Le.com's board of directors fell below the quorum. Therefore, the company will convene a shareholders 'meeting to elect new directors to fill the vacancy.

At the same time, the third board of directors of the company is planned to be reorganized. The number of members of the board of directors is planned to be increased to 8. Sun Hongbin, Liang Jun and Zhang Zhao are nominated as non-independent directors for the third session, and one independent director will be nominated and elected. The term of office will start from the date of review and approval at the shareholders 'meeting. Until the expiration date of the third board of directors. According to regulations, the shareholders 'meeting is only responsible for electing directors, and the chairman will be elected by voting at a separate board meeting.

According to Le.com's announcement, Sun Hongbin is American, but according to relevant regulations, it does not affect his tenure as chairman of an A-share listed company. At present, it seems that a considerable part of LeE.com's existing directors are from Sunac, and Liang Jun and Zhang Zhao have also been reused by Sun Hongbin and become the top and second-in-command of New LeE.com's senior management team. There is no suspense about Sun Hongbin becoming the new leader of LeTV.

According to an announcement released by Le.com yesterday evening, 157 shareholders voted on-site and online at the shareholders 'meeting, representing voting shares accounting for 41% of the total shares of the listed company. Among them, 36 shareholders voted on-site, accounting for 30% of the total shares of the listed company. In the resolution of this shareholders 'meeting, the relevant proposal on Sun Hongbin, Liang Jun and Zhang Zhao to by-election non-independent directors was passed with a high proportion of votes exceeding 95%, and Sun Hongbin officially entered the board of directors.

Relevant sources disclosed: LeE.com will convene a board of directors in three days to elect a new chairman and determine the members of each subsidiary committee of the board of directors. As for the rumors that Sun Hongbin will take over as chairman of LeTV, everything will be subject to the announcement.

First of all, the shareholders 'meeting took less than 20 minutes to resolve the 3 billion yuan related party transactions

, and the entire meeting process was relatively simple. After shareholders completed the review process, LeE.com's secretary Zhao Kai said: "Due to the arrangement of this process and more important matters arranged later, this shareholders 'meeting will not have a communication session. We will choose another time for communication after the board of directors is held, and the accurate time will be announced or posted on the official website."

Regarding how LeTV will handle the related transactions of approximately 3 billion yuan still existing between listed and non-listed companies, LeTV CEO Liang Jun said: "Related transactions are an important one of the incidents we are resolving. Currently, LeTV is maintaining close communication with various companies in LeTV's non-listed system, including the actual controller Jia Yueting. We are very concerned about this matter and are actively resolving it." He has repeatedly emphasized that related transactions are a major event that LeE.com is now very concerned about and eager to prioritize.

In addition, LeTV's asset reorganization has also become a topic of concern to shareholders. In April this year, Le.com issued an announcement stating that it would promote major asset reorganization and suspend trading of the company's shares. However, Le.com has reviewed and approved this major asset reorganization twice last year. Le.com said that it had to renegotiate this reorganization plan with the counterparty and adjust the plan, so it applied for a suspension of trading. However, LeTV is still suspended.

In response, a shareholder said: "LeTV has been saying to the public that it is adjusting the plan and continues to suspend trading. Why has the plan adjustment been delayed?"

Zhao Kai said: "At that time, LeTV announced to the public that it would adjust the plan and early warning. Now you see that both LeEco's shareholder level and shareholder structure have undergone major changes. Next, you will see that there will be some further changes in the relevant target companies. At present, we cannot explain more."

LeTV has no shortage of money and needs to be pragmatic

in the future. Sun Hongbin's possible actions against LeTV in the future have also attracted the attention of shareholders.

On July 10, Sunac China announced that it would acquire 91% interests in 13 cultural tourism project companies and 100% interests in 76 urban hotels under Dalian Wanda Commercial for 63.17 billion yuan.

As for whether it will promote the intersection of Wanda and LeTV Pictures, Sun Hongbin said: "It's possible. Wanda Theater Line has advantages. At present, our cooperation with Wanda has not been discussed in detail. In the next step, we hope to have a relatively in-depth cooperation in various aspects such as films. Wang Jianlin is still quite optimistic about (LeTV Pictures), and there is a great possibility of cooperation. However, there is currently no specific plan. We have filed it saying that anything is possible. However, LeTV Pictures 'equity is now frozen and it will take time."

Sun Hongbin publicly expressed his optimism about big entertainment, big health, financial platforms, resource-based industries and real estate stock markets. Investing in Lianjia, LeTV and other companies is a concrete measure to implement its strategy.

He said that LeEco's listing system business still needs three to five years to cultivate and cannot make a commitment yet. "The current New LeTV is relatively stable. New LeTV's new team and new culture are in place, and funding is not a problem. What we urgently need to resolve now is related party transactions and clarify LeEco's unlisted company system and the equity of listed companies. Lao Wang (Wang Jianlin) is also very optimistic about Zhang Zhao. We will definitely be able to do a solid job in LeTV's TV and film business."

People close to Sunac also said that the company has invested in Le.com, LeEZhichi, and LeEPictures, and has been fully involved in the fields of online video content, TV hardware, and film and television content production, allowing Sunac to complete its preliminary layout in the entertainment industry. Further joining forces with Wanda Pictures and theaters will allow Sun Hongbin to complete the overall layout of big entertainment. "Sunac's diversified development is also to explore more possibilities for its own future, so that it can hedge the fluctuation cycle of the real estate industry and achieve more balanced development and new growth points."

Sun Hongbin said frankly that LeTV and LeTV Pictures are not short of money now, but there have been some problems in the company's management and operation. "We have controlled the company's debt ratio well, and now we have a lot of cash on the account. In the future, we must be very pragmatic, let this company stand on the ground, and let the strategy change from radical to steady. LeEco's strategy is leading, but there have been some problems in the company's management and operation before. In the future, LeTV will strengthen its self-made and large-screen businesses, but it will take five years for LeTV and LeTV Pictures to achieve results."

Editor: Mary