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In recent years, four iconic “executive quotes” that caused a sensation in China’s A-share market:
First, Li Wenmei, then the Secretary of the Board of Mindray Medical, made remarks to retail investors at the shareholders’ meeting: “Bringing only 100 shares to attend the shareholders’ meeting—what is your real intention?”
Second, Gong Lunyong, then a director of Tianjin Precision Machinery, made a public statement when the company disclosed its periodic reports: “I cannot guarantee that the annual report is true; the company’s performance has been falsely recorded.”
Third, Liu Xianghua, then the chairman of Qianshan Pharmaceutical Machinery, reprimanded investors when facing massive losses and the risk of delisting: “You were always here to gamble; our stock happens to be just right for you.”
Fourth, China Great Wall, when facing media allegations that it had withheld a huge amount of employee pay, issued an official clarification announcement: “Owed 56.0 million in wages? The report is untrue—actually, we owe 81.41 million.”