Group 1 - The core issue revolves around the power struggle between China High-Speed Transmission and its major shareholder, Fengsheng Holdings, which has escalated from public disputes to a shareholder meeting [1][2] - China High-Speed Transmission announced a shareholder meeting on April 24 to discuss the removal of Chairman Hu Jichun and the election of new directors, while urging shareholders to oppose Fengsheng's proposal [2][5] - The company denies claims that its core subsidiary, Nanjing High-Speed Gear Manufacturing, has lost control, asserting it holds six out of nine board seats, equating to 66.7% of voting rights [5][6] Group 2 - China High-Speed Transmission criticized Fengsheng's nominated directors, alleging they lack necessary industry experience and have ethical issues, including accusations of tax evasion against one nominee [2][3] - Fengsheng Holdings responded by denying the allegations and stated that the accusations are attempts to malign their nominees and prevent their appointment [3][4] - The dispute includes claims regarding a commitment made by Fengsheng's actual controller not to interfere with the management of Nanjing High-Speed Gear, which China High-Speed Transmission argues Fengsheng has violated [4][6] Group 3 - The focus of the conflict is whether Nanjing High-Speed Gear has lost control, as it accounts for nearly 70% of China High-Speed Transmission's revenue [5] - China High-Speed Transmission maintains that it has effective control over the subsidiary, while Fengsheng argues that recent amendments to the subsidiary's articles of association have undermined this control [6][7] - Both parties have presented conflicting interpretations of an agreement regarding board nominations, with China High-Speed Transmission asserting that Fengsheng has misrepresented the legal implications of this agreement [7]
论战再升级！中国高速传动全面否定新董事人选，丰盛控股独家回应：“纯属污蔑编造”