Luo Yonghao's response was bombarded by investors: Smartisan held a shareholders' meeting every year, and the core business has been virtually paralyzed since the end of 2018.

CTOnews.com January 7 news, Zihui venture capital Zheng Gang suddenly bombarded Luo Yonghao in the early morning of this morning in moments, saying that he would join dozens of investors to launch a buyback. Zheng Gang said Luo Yonghao was unauthentic in three aspects, including not holding a shareholders' meeting and the board of directors for three years, being a snob, not being grateful, and so on. "investors bombarded Luo Yonghao" triggered a heated discussion on the Internet.

At noon today, Luo Yonghao responded with a long message: "Mr. Zheng criticized me for not having a shareholders' meeting for three years. In fact, he remembered wrong. According to the Company Law and Smartisan's articles of association, Smartisan held a shareholders' meeting every year. Mr. Zheng Gang on my completely subjective, no factual basis for malicious speculation and comments, I will not reply one by one, the reader's own judgment is good.

Luo Yonghao said that the shareholders' meetings for the last three years were held on December 23, 2019, August 1, 2020, and April 25, 2021. Of course, since the end of 2018, Smartisan's core business has been virtually paralyzed, and what Smartisan's main body has done in recent years is basically only related to the repayment of supplier debts, so there is really not much to say about holding shareholders' meetings. therefore, our agenda for holding shareholders' meetings is usually very short, and the atmosphere is not handled very well. In the future, we will solicit more opinions from shareholders and strive to improve.

CTOnews.com learned that in response, Luo Yonghao also said that the new company he started with several partners, with the consent of investors and partners, offered shares of the first 5 per cent and 3.72 per cent of shares to the old shareholders who had invested in Smartisan, and the relevant conditions and agreements were also voluntarily signed or not signed by the old shareholders. Many veteran shareholders happily signed and thanked them.

The following is the full text of Luo Yonghao's Weibo response: