Li Ka-shing sent someone to Longteng Electronics to make initial contact with Wang An.
To everyone's surprise, Wang An's attitude was so tough. He would ask someone to leave at the slightest disagreement, and he wouldn't budge an inch when it came to matters involving the commission of the licensing agreement.
Hong Kong.
After receiving the news, Li Ka-shing looked extremely grim.
At this point, he didn't have many options left.
The first option is to bypass Longteng Electronics and continue selling Wanjia VCDs.
Such behavior is tantamount to throwing an egg against a rock.
Li Ka-shing simply ruled out this option.
He knew very well that the people at Longteng Electronics were not to be trifled with.
They dared to sue Sony in the island nation and even won, so what chance do they have against a small company like Wanjia VCD?
Li Ka-shing was particularly afraid that Chen Dong would get involved in this matter. He even suspected that Chen Dong was also negotiating a contract with Longteng Electronics and wanted to secure the licensing agreement.
The second option is to sign a licensing agreement with Longteng Electronics. Although the 10% commission on the license is high, it's still better than having the whole thing stuck in your hands.
Moreover, the money ultimately comes from the consumer!
After thinking it through.
Li Ka-shing called back the person he had sent to Shenzhen.
Over the phone, Li Ka-shing said unwillingly, "Go to Pengcheng Electronics again. This time, you must secure the contract. We can't afford to play games with Longteng Electronics!"
At this point, Li Ka-shing was also worried that things might get complicated if things dragged on.
He knew that Chen Dong had some connection with Longteng Electronics, but he didn't know the exact details of the relationship between Longteng Electronics and Chen Dong.
This time, the people sent to Longteng Electronics did not meet Chen Dong himself, but instead met Wang An.
In this situation, Li Ka-shing was also unsure whether Chen Dong had done anything wrong.
To avoid further complications, Li Ka-shing just wanted to secure the licensing agreement as soon as possible.
Otherwise, all the goods in Wanjia VCD's large warehouse would be stuck with them.
The next day.
Shortly after Wang Angang arrived at his office, Li Zeju came to visit him.
Li Zeju sat in the chair opposite Wang An's desk, his brows furrowed with weariness.
In order to sign the contract and ensure that the authorization was in his own hands, Li Ka-shing had Li Zeju rush to Shenzhen overnight.
It's fair to say that Li Zeju hasn't slept for 24 hours.
After the two sides met.
Wang An stated bluntly, "There is no room for negotiation with Longteng Electronics' terms. Think it through and then talk to me. If you don't understand the situation, please leave and don't waste my time."
Li Zeju smiled and said, "Mr. Wang, I understand all of that. In addition, we can add some clauses to our contract. Please take a look."
As he spoke, Li Zeju placed a draft contract in front of Wang An.
Wang An carefully examined the contract.
This contract is similar to Longteng Electronics' initial contract, except that Li Zeju added a few clauses.
Article 1: The authorization agreement signed by both parties shall be for a term of ten years.
Article 2: If either party breaches the contract within ten years, it shall pay the other party a penalty of US$1 billion.
Article 3: The contract must not only bear the official seals of both companies and the signatures of their representatives, but also be notarized at official notary offices in both Hong Kong and Shenzhen.
In other words, once the contract is signed, Longteng Electronics would have to pay a loss of $1 billion if it wanted to breach the contract.
And this compensation amount far exceeds the value of the contract itself.
Wang An frowned upon seeing this.
Li Zeju was adept at reading people's expressions, and he quickly explained with a smile, "President Wang, the amount of compensation is huge, but it's just to keep both of us in check. Doing business requires integrity, and neither of us should break the contract."
Wang An nodded, his mind filled with Chen Dong's instructions.
According to Chen Dong, as long as the 10% water extraction rate remains unchanged, Wang An can make any further requests made by the other party without consulting Chen Dong.
In fact, the reason Chen Dong gave Wang An a heads-up was because he was worried that Wang An's aura was not strong enough and that others would notice something was amiss.
Wang An was very efficient and agreed on the spot.
Because it involved notarization by the notary office, the formal signing was scheduled for that afternoon.
And so, Li Zeju left Longteng Electronics first and returned to the hotel to wait for Wang An's phone call.
After Li Zeju left, Wang An hurriedly picked up the landline to contact Chen Dong.
During the phone call, Wang An recounted the incident.
Then, Wang An asked, "Boss, the compensation standard for this billion dollars is very strange. If you think there is a problem, I can refuse to sign the contract this afternoon and ask them to change the compensation amount."
"No need," Chen Dong said with a faint smile.
Wang An was taken aback.
Chen Dong said with a smile, "Just sign the contract according to their terms, and don't worry about the rest."
Wang An nodded: "Okay, boss."
At this moment, Chen Dong was in a great mood.
Even Chen Dong didn't expect Li Ka-shing to be so reckless.
The so-called ten-year authorization, plus the huge penalty for breach of contract, is just a way to prevent Chen Dong from revoking the authorization.
On the contrary, Chen Dong didn't care at all.
Li Ka-shing was optimistic about the future of VCDs and feared that Longteng Electronics might demand exorbitant prices later, which is why he was in a hurry to sign a ten-year contract.
Chen Dong was well aware that the VCD market wouldn't last more than ten years.
Because soon a new product, DVD, will replace VCD.
DVDs are superior in both performance and price.
...
Inside a hospital ward.
Jiang Wanmin lay on the hospital bed, listless and dispirited.
When Li Ka-shing came to visit Jiang Wanmin, he saw Jiang Wanmin looking half-dead as soon as he entered the ward.
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