On June 30, 1993, Xinfei Electronic Technology Co., Ltd. officially announced its delisting on the Tokyo Stock Exchange in Japan. The eight-year history of the listing is the end of the announcement.

After the completion of the delisting procedures, the number of shareholders of Xinfei Electronic Technology Company was further reduced to 127.

The remaining shareholders are basically small shareholders with a shareholding ratio of less than 10,000 shares.

Of course, there are also Sony and Panasonic two companies each hold 5 million shares, which is equivalent to a long-term strategic investment, the purpose is not even to wait for Xinfei to be listed in other markets again to cash out, but to keep a certain number of shares, keep a seat on the board of directors, at least you can get Xinfei's financial reports and major events announced to shareholders on a regular basis for free, so as to achieve the purpose of following up the direction of Xinfei's industrial layout.

In this regard, Lin Qi did not care, but seriously announced to the remaining shareholders, saying: "I welcome you to stay and continue to become shareholders of Xinfei Electronic Technology Company." After the delisting, in addition to the necessary R&D expenses, operating costs and various expenses, we will continue to pay dividends to shareholders. The annual dividend ratio will be fixed at 30% of the annual profit, and the tax paid is according to the nationality of the shareholder, the local tax law, as a non-listed company, so we will not help shareholders withhold taxes in accordance with the rules of the exchange. Therefore, shareholders, you should file and pay your own taxes. In addition, every year, we will notify the shareholders of the time and place of the shareholders' meeting by e-mail, telephone, etc., and the company will reimburse the expenses of accommodation and meals during the board meeting for shareholders who attend the board meeting......"

Basically, after the delisting of Xinfei Electronic Technology Co., Ltd., because these shareholders hold too small shares, they no longer have the right to veto any proposal of major shareholders, nor can it affect the company's decision-making. What they have is only dividends and the right to make recommendations, and these small and medium-sized shareholders are psychologically prepared for this.

Listed companies are at least subject to the supervision of the exchange and public opinion, so in general, they will do more formally than unlisted companies. To a certain extent, the securities markets of various countries and the rights and interests of small and medium-sized shareholders of listed companies can also be better protected.

For non-listed companies, it all depends on the conscience of the boss. In the case of a dominant share, other shareholders do not have more say than the part-time worker.

However, Lin Qi's surface work still needs to be done well, in addition, Xinfei is now delisted, and it will still be listed in the future. Therefore, a bunch of legal and compliant process systems formulated during the listing period will still be retained later. In order to be listed in other markets in the future, there is no need to make drastic changes to the management mechanism.

After the end of the board meeting, Lin Qi was in a good mood and brought back Xinfei's new product, DVD player and DVD drive, one by more than 100 shareholders present as a souvenir.

Anyway, these products are already on the market, and they are available on the market. Therefore, Lin Qi is not afraid of some shareholders and takes back the samples to disassemble and imitate.

Because, imitation has a fart use?

After the original historical Wanyan VCD was listed, it was quickly imitated by peers. In fact, peers just disassemble the VCD to see what parts are inside, laser head assembly, VCD decoder chip and other core components, it is impossible to disassemble and imitate. These manufacturers who follow the trend are just disassembling and figuring out which company's product the laser head is and whose decoder chip is the product. After that, according to the results obtained after disassembly, find the appropriate supplier and try to order the parts. As a result, suppliers who have mastered the core technology are open to supplying parts to these companies that follow suit. This has caused the reason why Wanyan VCD was successfully imitated a few months after it came out, and a year later, there were a bunch of VCD brands on sale.

At present, the DVD and DVD drives of Xinfei Electronic Technology Co., Ltd., even after dismantling, the imitation manufacturers will be speechless to find that the laser head assembly is Xinfei Electronic Technology Co., Ltd., and the decoder chip is provided by Xinfei Semiconductor Co., Ltd. At all, Xinfei's parent company monopolizes all the core technologies, so it is almost impossible to follow the trend and imitate it.

Even if there is a capability, further imitation of laser head assemblies and decoder chips and the like, however...... These products are registered with a bunch of patents. If you want to circumvent the patent, it is equivalent to re-developing a set of optical storage system, which is not compatible with the new technology system of DVD.

In essence, only the core technology is its own, and it is not afraid that others can imitate it by disassembling the machine casually. The product that can be imitated by disassembling the machine can only show a truth, the team that develops the product is only to integrate the parts and technologies on the market, and these technologies are not in their own hands, so they can't control the supply chain at all, and naturally they can't organize others to imitate.

At present, the manufacturers that can imitate DVD are estimated to be Sony, Panasonic, Toshiba, Philips and other large manufacturers, these large manufacturers have the production capacity of laser heads, and the technical content of decoding chips is lower, so they naturally have production capacity.

The problem, however, is that international patent law, while not a panacea, is not completely invalid. Therefore, these large manufacturers who have the ability to imitate will not rush to the same level as copycat manufacturers.

What's more, after the launch of DVD technology, Sony, Panasonic, Philips and a bunch of other manufacturers began to contradict, believing that CD discs were enough, and there was no need to upgrade to a disc capacity of 3.6GB. Optical discs have a larger capacity than hard disks, which is meaningless or something.

In this regard, Lin Qi can only laugh, because soon, the capacity of the hard disk will expand rapidly. At present, the mainstream capacity of mechanical hard disk is 1GB, but the capacity of mainstream mechanical hard disk in the future is TB!

By the time the hard drive is sufficient, the disc is no longer a necessary tool. In later generations, many computer hosts have not even taken the optical drive as a necessary hardware configuration, because the factory pre-installed system by default, and other application software can be downloaded online. The system can be restored with a U disk backup, and after a problem, you only need to redo the system with a U disk to restore the system to the state of the backup period.

In a sense, when the capacity of the hard disk is large to a certain extent, the optical drive will become a chicken rib.

The best stage of optical storage is when the Internet has not yet been completely popularized, and the capacity of hard disks is still relatively small. With the capacity of hard drives "sufficient" and the Internet becoming as ubiquitous as water and electricity, optical drives have become optional......

In the case that the hard disk capacity is not large enough, for example, a 1GB hard disk naturally cannot play 3GB games, so inserting a DVD disc to play a stand-alone game as large as 3GB is the most suitable solution for the current market environment under the current hardware technology level.