History of Huang Chen

In June 2008, as the only major shareholder of Gome, Huang Guangyu was taken away by the Beijing Public Security Bureau for investigation. 201May18th, Huang Guangyu was sentenced to 14 years' imprisonment by the Beijing No.2 Intermediate People's Court for the crimes of illegal business operation, insider trading and unit bribery. In May of 20 10, there were major differences between Huang and Chen on the issue of appointing Bain Capital representatives as non-executive directors of Gome. 2010 On the evening of August 5, Gome sued Huang Guangyu in Hong Kong on the grounds that Huang Guangyu violated the fiduciary duty and fiduciary duty of the company's directors when he repurchased the company's shares in June and February 2008. Since then, the dispute between Huang Chen and Gome has entered a white-hot stage. Later, Chen Xiao, chairman of Gome's board of directors, and Gome's single major shareholder all took actions to protect their own interests. This extraordinary shareholders' meeting is regarded as an important battle of "the dispute between Huang and Chen".