The core supplier is out of stock and the workers are “nothing to do”. NVC or is in a shutdown.

On August 12, NVC lighting executives said that NVC's core suppliers decided to stop supplying to NVC, and the NVC factory will face “broken breaks” and may be shut down within 2-3 days. In a letter to NVC, these suppliers claimed that because NVC's board of directors did not respond to its request for Wu Changjiang's return to NVC, it seriously questioned NVC's integrity and decided to stop supplying.

According to the company's internal information provided by NVC's senior executives, some NVC core suppliers are "very worried about the integrity of the company, and are reluctant to take risks and continue to cooperate with the company, requesting the immediate suspension of the supply of related products of our company. And immediately compensate for all losses and immediately resolve all the stocks they have prepared for NVC."

It is reported that the supply of NVC suppliers including Huizhou Yipin Hardware & Electrical Plastic Products Factory, Chongqing Leibao Trading Co., Ltd., Jinhao Packaging Materials Factory and Shida Printing Co., Ltd.

Among them, the date is displayed as the contact letter of Chongqing Leibao Trading Co., Ltd. on August 10, the NVC board of directors promised at the meeting of supply and demand executives held on July 12, before the implementation of the return of Wu Changjiang and Schneider exit before August 1 The appeal, but has not yet received a reply, so seriously questioned the integrity of NVC. Decided to stop the supply, settle all loans and resolve all relevant stocks.

The Jinyu Packaging Materials Factory issued on the same day stated that NVC’s recent board situation was turbulent, production orders and loan payments were extremely abnormal, and it was decided to stop receiving orders, stop supply, and require all loans to be settled within three days.

The NVC Purchasing Management Center communicated with the above-mentioned core suppliers, and these suppliers threatened to contact more supplier actions.

The executive said that the factories in NVC have resumed work, but the suppliers are out of stock, the workers will have nothing to do, and the factory may be shut down within 2-3 days. At the same time, he claimed that some of the senior executives and middle and high-level executives of NVC have been preparing to resign.

Earlier, a NVC spokesperson said that the current deadline for NVC's current chairman to respond to dealers and employees' claims was extended from August 1 to August 10. However, on the 10th, he did not make a statement as scheduled. He told the media that Wu Changjiang’s return to NVC was subject to the company’s announcement.

It is reported that Wu Changjiang is currently in Chongqing. He recently bombarded on Sina Weibo, saying that "the profit-seeking capitalist never has the great ambition and social responsibility of entrepreneurs."

As of press time, he did not respond to this matter.

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