This 200 million yuan was diverted to other accounts to pay for expenses related to the lithography machine industry chain. Only Wei Yandan, Su Yourong, and Lu Feng knew about this.
Everyone turned their attention to Lu Feng. Seeing that Lu Feng remained silent, they looked at Wei Yandan. Wei Yandan's heart skipped a beat, realizing that this matter couldn't be revealed. After thinking for a moment, she said, "The accounts are fine. Regarding this 100 million yuan, I believe it must have been used where it was needed. Check it again, and I believe we'll have an answer."
“On behalf of the board of directors, I have to offer some criticism.” Lu Feng took over the conversation and looked at Wei Yandan, saying, “Finance can’t just be a general account; the destination of some funds also needs to be listed. We need to strengthen management of this kind of thing in the future. More than 100 million yuan is a large sum of money. It’s definitely not wrong. If it’s a few hundred thousand or a million yuan less, that might be a personal issue. But such a large sum of money is unlikely to be a personal matter.”
"Yes, yes, yes, after the board meeting, I'll have the finance department review the details again," Wei Yandan said hurriedly.
The matter has been resolved, but everyone knows that it's probably not so convenient to disclose the 120 million to the public.
The atmosphere at the dinner table was slightly awkward. Lu Feng raised his glass and said, "Victory is just ahead. We have gone through this extraordinary year. I believe that the light is just ahead. Let's drink to that."
Everyone was preoccupied with their own thoughts during lunch. After lunch, there was an hour for rest. Feng Zhiyao wanted to go back to his room to rest for a while when a man in his forties hurried over and called out in Chinese, "Mr. Feng, can we talk?"
Feng Zhiyao turned to look at the man, who was none other than the man who had been following John the whole time. He rarely spoke and spent most of his time staring at Lu Feng.
"You can speak Chinese?" Feng Zhiyao asked, somewhat surprised.
“Of course, after all, we have to deal with Jiafeng Group. If it’s convenient, let’s go over there for a cup of coffee. I think such a large company as Jiafeng Group shouldn’t be run by Lu Feng alone. Shareholders and directors should have more power,” the man said.
Feng Zhiyao was a little annoyed when he heard this and said, "I don't have time, I'm going back to lie down for a while."
"Alright, it'll only take a few minutes, please!" the man invited.
The two sat down in a lounge not far away. The man introduced himself: "My name is Goodley. I believe Mr. Feng is very familiar with the role of the board of directors. It mainly selects management and makes decisions on major directions of the company. However, Jiafeng Group has suffered huge losses in recent years. It's not that Mr. Lu is bad. There is a saying in your country: 'If you only listen to one side, you will be misled; if you listen to both sides, you will be enlightened.'"
“A person’s ability is limited, and there will inevitably be areas that cannot be taken care of or considered. The establishment of the board of directors should bring in more decision-makers to come up with a more correct path from all aspects. But as you have seen, the current group management and the board of directors are disconnected.”
“My point is simple: I don’t mean that Lu Feng should completely abandon the company, but rather that he should listen to other opinions more. We believe that Jiafeng’s investment in integrated circuits is too large. Although there have been some results, the problem is that the current international environment is not friendly to Jiafeng. Integrated circuit technology is in a state of rapid development. If the research and development cannot be converted into production capacity and generate profits, it will be a huge waste.”
Goodley analyzed the feasibility of Jiafeng Group's mobile phone business and semiconductor business from various angles, as well as the scale of the domestic market. After evaluation, they believed that rather than incurring losses now, it would be better to wait for the international environment to improve, cooperate with foreign capital, and stand on the shoulders of giants, which would make it easier to succeed.
It has to be said that Goodley's argument is very tempting. From a business perspective, throwing money around and going all out is not a good idea. If the other party does a good job, then we can cooperate. By then, the market environment will be better, and everything will be much more efficient than it is now.
Feng Zhiyao didn't know much about integrated circuits and simply shared his thoughts. Goodley took the opportunity to propose a large dividend. This year's financial report already showed that if Jiafeng didn't invest in semiconductors, it would be a healthy and profitable behemoth in the home appliance industry.
So, if this money is left in the account, given Lu Feng's control over the management team, he might use it for something else. It would be better to distribute the profits first, and then have the board members reinvest the money when the company needs it again.
Goodley's explanation left Feng Zhiyao speechless. Feng Zhiyao always treated everyone with goodwill. If Lu Feng were here, he would definitely ask him: if the money is left here, the other party doesn't trust him; if it's in his pocket, he still doesn't trust the other party.
Meanwhile, after dinner, John also invited Su Yourong to the rooftop sunroom. John used the same excuse on Su Yourong, who smiled and said, "Dividends are taxed. Instead of going through all that trouble, let's save on taxes."
“President Su, it’s very unsafe to keep this money in the company’s accounts. This is all our money. This year alone, there’s been a situation where over 100 million US dollars are unclear, and next year it might be even more.” John leaned back in his chair and continued, “Regarding the research and development of integrated circuits, let me tell you this: China’s technology is at least ten years behind the world’s top level. This is not something that money can solve. It requires not only money, but also time, talent, market, policy support, and other aspects.”
Su Yourong, who knew nothing about international affairs or integrated circuits, took out a cigarette, lit it, and looked at the translator next to John, saying, "Tell him that I don't understand technology, but I understand money. You can't fool me with the money I deserve. If you really want to be sincere, you should share your share of the excess profits with me."
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