Chapter 93.2: Protecting Yourself is So Cool
Chu Qianmiao took the elevator back to the due diligence
office. A few moments after arriving, Ren Yan returned.
He entered with a document in his hand. He walked directly
to Chu Qianmiao's desk. Chu Qianmiao, sensing the pressure of his presence,
looked up.
She and Ren Yan locked eyes.
He stared at her expressionlessly, like a killer devoid of
emotion.
Chu Qianmiao's mind nearly reeled from Tan Shen's words. But
she quickly stopped her wandering thoughts. Whether Ren Yan was affectionate or
heartless, what did it have to do with her?
Not even a hair.
So why bother overthinking it?
Ren Yan caught a fleeting moment of distraction in Chu
Qianmiao's expression. He frowned.
He wondered if that momentary distraction had anything to do
with the man who had just left.
He handed her the document in his hand and said, "This
is the supplemental agreement to the investment agreement I obtained from Qian
Siji." After a pause, he said, "You should ask Tan Shen for his copy.
Compare the two and see if there are any issues."
Chu Qianmiao: "..."
She took the document, stunned.
Sometimes she really wanted to dissect Ren Yan's brain to
see what his circuitry was like. Was there a walnut tree growing there? Why did
he know everything she did so well?
It was so unfair. Those who were with him couldn't hide
anything from him; and those who were with him couldn't expect to know his
inner thoughts from him either.
Chu Qianmiao printed out the photos on her phone and
compared them with Qian Siji's agreement document.
The two documents were identical, with the same clauses and
no discrepancies. That was reassuring.
It was just that the content of the supplementary agreement
made her want to curse Qian Siji again.
Besides the veto power, the document also included a
performance bet—Qian Siji and Yingji Capital had entered into a performance
bet.
Chu Qianmiao mentally counted to calm herself down, trying
not to go to Taobao, not to buy sacks and sticks.
But it was hard not to be angry. They, the intermediary, had
previously specifically asked Qian Siji if there was any performance bet
between him and Yingji Capital.
Qian Siji firmly denied it.
At the time, they had been a bit puzzled by the tolerant
nature of Eagle Capital, speculating that perhaps Eagle Capital knew Liya was
about to go public, hence the lack of such a clause.
But now, the truth is, Eagle Capital is anything but
tolerant. Qian Siji, likely having heard something half-heartedly, believed
that the VAM agreement was too sensitive to be made public, and therefore
treated the intermediary like a thief.
She took a deep breath, suppressed her anger, and stood up
to go find Ren Yan.
Ren Yan then took her, Qin Qianyu, Tang Jie, and the lawyer
with him, and they returned to Qian Siji's office.
At Ren Yan's signal, Chu Qianmiao first explained to Qian
Siji the purpose of their visit.
"Mr. Qian, we've noticed a performance bet between Liya
and Yingji Capital. According to the IPO regulations and the GEM IPO
regulations, prospective listed companies must maintain their core business and
actual controllers for three and two years respectively. A performance bet
agreement could potentially lead to changes in the company's equity and even a
change in actual controller if the company fails to meet its target performance
targets. Therefore, regulatory authorities have explicitly prohibited prospective
listed companies from having any performance bet agreements during the IPO
review period or after listing. If any agreements exist, they must be
terminated before the prospective listed company submits its application
materials."
As before, Qian Siji remained completely nonchalant about
the bet he had vetoed but now confirmed existed.
"Aren't you guys making a big fuss about everything?
Just after the veto, now you're fussing about the bet. Honestly, if I hadn't
told you about this bet, you wouldn't have known about it. Which means, if we
didn't tell you, the China Securities Regulatory Commission wouldn't know
either. Since no one knows, then there's nothing wrong, right? Why all the
fuss?"
Chu Qianmiao was speechless again.
This time, Ren Yan's gentleness was gone; he hardened his
stance.
He solemnly addressed Qian Siji, almost admonishingly,
"Mr. Qian, do you think this bet agreement is impenetrable? Perhaps your
competitors already knew about it the day you signed the investment agreement.
If we don't uncover this issue, and it's reported before Li Ya's review, the
company will fail at the final stage before going public, and all our efforts
will be wasted."
Chu Qianmiao watched Ren Yan intently from the side. She
thought he looked truly handsome when he was stern, even more so than when he
was standing under the locust tree.
She listened as he continued, solemnly and seriously,
"Mr. Qian, you must understand one thing: the listing review process has
very strict information disclosure requirements. If you continue to conceal any
documents, I can clearly tell you that your company will not be able to go
public. Moreover, if those hidden documents are uncovered, you will be subject
to administrative or even criminal penalties. I'm not trying to scare you at
all. Chu Qianmiao," he suddenly turned to look at her, his eyes meeting hers.
He paused before saying, "Tell me about the penalties."
For a moment, Chu Qianmiao felt like a peeping thief caught
in the act.
But she immediately got to work, quickly reviewing the terms
in her mind.
She immediately recited the relevant penalties.
"Mr. Qian, if you conceal the VAM agreement and don't
disclose it, you're violating the IPO regulations, which stipulate that
information disclosure must be truthful, accurate, and complete, and must not
contain false statements or material omissions. From a listing perspective, the
CSRC will not approve your company's listing. From an administrative
perspective, false statements can result in a fine of up to 600,000 yuan. From
a criminal perspective, if false statements seriously harm the interests of
shareholders or others, the directly responsible supervisor may be sentenced to
up to three years in prison or criminal detention and a fine of between 20,000
and 200,000 yuan."
When Qian Siji heard the sentence of up to three years in
prison, his indifference finally broke, and he showed a hint of fear.
"Oh, that's really serious!" He began to excuse
himself to Ren Yan. "Hey, Mr. Ren, look at me. I'm so busy running the
company and entertaining partners every day. How could I understand these
things? It's okay. Just give me more advice in the future, and I'll slowly
understand."
Ren Yan didn't give him any room for polite talk. He said
bluntly, "It's okay if you don't understand. Let's put this together. In a
few days, we'll arrange a training session on listing regulations and the
securities market for you, other senior executives, shareholders holding more
than 5% of the shares, and key employees. By the way, the training should have
been clearly stated in the original project schedule. It was originally
scheduled a little later than it is now, but it's okay. We'll bring it forward
for now."
Qian Siji was stunned.
"I thought going public was easy. How come you've made
it so complicated, and suddenly there's this training?"
Chu Qianmiao explained on Ren Yan's behalf, "Mr. Qian,
this is a regulatory requirement. We're not targeting you specifically; all
listed companies must do this."
Seeing Qian Siji's reluctance, she couldn't help but add,
"Regarding the training, it wasn't something sudden. We discussed it with
Assistant Ke and his secretary, Dou Shan, at the beginning of the coaching
period, and even sent an email."
Qian Siji turned to look at Ke Mingjun, "Why didn't you
mention it to me?"
Ke Mingjun quickly said, "You're busy and tired, so I
didn't think this training was a big deal. It wouldn't distract you, so I
didn't tell you."
He glanced at Chu Qianmiao.
Chu Qianmiao immediately said, "Assistant Ke is wrong.
The training isn't as insignificant as you say. Training for executives of
companies seeking to list is also a mandatory regulatory requirement. After the
training, executives must take and pass an exam."
Ke Mingjun blushed.
But he still cleverly defended himself. He smiled, his tone
gentle and tactful, saying, "Since training is so important, Manager Chu
should have made its importance clear long ago." It was a brilliantly
crafted, yet subtle, move.
Before Chu Qianmiao could even begin to speak, Ren Yan spoke
up. "First, I hope Assistant Ke won't make his own decisions about the
importance of a task. Your boss decides whether it's important or not, not you.
Second, nothing related to the IPO is unimportant. Third, I hope Assistant Ke
will confront his own work problems head-on and stop shirking responsibility.
Chu Qianmiao also copied me on the email she sent, and I remember clearly that
she specified that executive training and passing an exam are mandatory
regulatory requirements."
As soon as he finished speaking, Chu Qianmiao's heart began
to pound again.
The way he protected his protégé was even more damn handsome
than when he was stern just now.
Her phone suddenly vibrated, and she glanced down. It was
Qin Qianyu, texting, "The boss was just so handsome, wasn't he?"
Her lips couldn't help but curl up. She fought hard to keep
them from curling up, and replied, "Yes," to Qin Qianyu.
After replying, she looked up and saw Ren Yan turning to
Qian Siji and saying, "Mr. Qian, I'm sorry I stepped in, but this is a
critical period before Liya applies for coaching and acceptance, and submits
its application materials. New problems are constantly emerging during this
period, and we must be vigilant and alert, especially for Assistant Ke, who
serves as the liaison between you and the intermediary agency. So, I just said
something a bit harsh, I hope you don't mind."
Qian Siji quickly said, "Mr. Ren is right. During this
critical period, no one should hinder Liya's IPO."
Chu Qianmiao really wanted to applaud Ren Yan. He was
absolutely flawless. After slapping Ke Mingjun in the face, he quickly
apologized to Qian Siji to save face.
After exiting Qian Siji's office, Ren Yan called out to Chu
Qianmiao. The others walked ahead, and Chu Qianmiao followed Ren Yan at the
back.
She asked Ren Yan, "Boss, what are your
instructions?"
Ren Yan said, "Come back to Beijing with me
tomorrow." After a pause, he said, "We'll go to Yingji Capital with
the company staff to resolve the bet."
The author has something to say to Ren
Yan: "I shine when I work. You're so shameless, bragging about your own
brilliance."
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