Chapter 1706 - An Earth-Shattering Press Conference (1/2)

The press conference had been scheduled to take place at 3 pm this afternoon. Apart from reporters and other members of the press, the shareholders and board of directors of the Wen Corporation were also in attendance.

At 3 pm, Wen Xinya pushed a wheelchair-bound Old Mr. Wen into the hall. He was also accompanied by Lawyer Luo, Assistant Yang and a medical professional.

Old Mr. Wen looked to be in rather good health. The moment he appeared, all the photographers immediately started snapping shots of him.

Old Mr. Wen exchanged handshakes and pleasantries with the various shareholders and directors before settling into his seat.

Meanwhile, Wen Xinya sat down beside Old Mr. Wen in her capacity as a shareholder and acting Chairman of the Board.

“Firstly, I want to welcome everyone here to this press conference, which I am holding in my capacity as Wen Corporation’s Chairman. I want to take this opportunity to clear the air regarding the recent hubbub surrounding the Wen Corporation and to hand down some edicts!”

All the reporters stirred. As the Chairman of the Wen Corporation, Old Mr. Wen controlled the entire management and operations of the company. Since Wen Haowen took over, he had not appeared much in public, not to mention doing something as high profile as to hold a press conference.

Everyone was full of curiosity over what this press conference would be about.

“Item number one: Wen Haowen, as a shareholder and CEO of Wen Corporation, caused substantial damage to the interests of the company. As the Chairman of Wen Corporation, I hereby discharge him from all corporate duties. He is banned from participating in any of the management and operations concerning the Wen Corporation. This edict will come into effect immediately.”

Old Mr. Wen’s edict caused an instant commotion. Everyone was in disbelief.

Nevertheless, this outcome should be no surprise given that Wen Haowen had already been suspended and was under investigation by the shareholders.

As a result, Wen Xinya was not shocked at all.

All the shareholders and directors were very pleased. They already had enough of Wen Haowen’s reckless and willful behavior all these years. In the past, he could do whatever he wanted as he had Old Mr. Wen to bail him out. As a result, everyone else tended to close an eye to his actions.

However, this horrendous mess that Wen Haowen had created while Old Mr. Wen was in the hospital was just too much to endure.

“Item number two: in my capacity as Chairman, I have made a successful legal appeal to forcibly take back 20% of Wen Haowen’s shareholdings. The court’s verdict here is proof. I invite everyone here to bear witness to this.”

The first thing Old Mr. Wen had done when he regained consciousness was to get Lawyer Luo to make a legal application to forcibly take back Wen Haowen’s shares. The courts had already approved his request.

The court’s verdict flashed across the large screen, its bright red official stamp startling everyone at present. The reporters were in a frenzy. They didn’t stop clicking away on their cameras.

Even Wen Xinya was shocked. Grandpa had really completely given up on Wen Haowen this time.

The shareholders and board of directors were likewise astounded.

“Item number three: as the head of the Wen Family, I solemnly announce to the media that I will be cutting off all father-son ties with Wen Haowen, and will be casting him out of the Wen Family. From now on, Wen Haowen is no longer a part of the Wen Family, and neither party will have anything to do with each other in the future.”

Compared to the previous two edicts, this last pronouncement was utterly earth-shattering. The entire hall was in an uproar.

After all, this pronouncement held the most potential for scandal and gossip. It raised all sorts of questions, and at the core of it laid the dark, dirty secrets of the Wen Family.