"Before we get to the event they held and the significance of it, let’s do a recap."
He refuses to leave and he has the stamp. The 7-1 vote was even mentioned.
I would love if you could find those images from the event last year. You would need a time machine for that.
Because control of the company is not determined by control of the company seal in Western countries, but it is in China. A legal technicality that the shareholders need to get the courts to address.
But there are also technicalities in Western company laws that need judicial intervention, like dealing with directors acting against shareholders' interests in English company law.
Chinese is totally fine.
In english please
I would expect some western sources to back those claims. Otherwise they look like run of the mill chinese propaganda
The xenophobia and racism in this thread is laughable, apparently all mainland Chinese are CCP agents who can't be trusted
The thing is the pure ARM internal political conflicts.
ARM China CEO WU, a US citizen, claimed that he reported few high-level managers' corruptions and then he got fired by the ARM Softbank. ARM Softbank united with all board directors, including all Chinese investors, to fire Wu.
But when Wu franchised ARM China, he signed a voting agreement with large shareholders to make sure he can not be fired for no reasons. So he claimed the board voting was illegal and Chinese shareholder violated the voting agreement. So even Chinese shareholders want him gone, but he refused to leave.