On June 6, 1993, Xinfei Electronic Technology Co., Ltd. announced that it was officially delisted from the Third Section of the Tokyo Stock Exchange and became an unlisted company.

After the company was delisted and became a non-listed company, Ueshima stepped down as CEO of Xinfei Electronic Technology Co., Ltd. After all, the former part-time CEO of Xinfei Electronic Technology Co., Ltd. was more of a critical order. Since the company is listed on the Japanese capital market, it needs to deal with the relationship with the capital market and investors, so it is possible to appoint Masako Ueshima as CEO.

After the delisting of Xinfei Electronic Technology Co., Ltd., Ueshima will no longer continue to serve as CEO.

After all, the work of Nippon New Venture Co., Ltd. is also very heavy and requires more energy from her. And the part-time CEO of Xinfei Electronic Technology Company will make her unable to go all out at both ends.

More importantly, Xinfei Electronic Technology Co., Ltd. is headquartered in Hong Kong, although there is a headquarters in Tokyo, Japan. However, the platform that is only launched every year when listed companies meet their boards of directors and communicate with investors is not really a headquarters.

Of course, in order to encourage Ueshima to make contributions, Ueshima spent 10 billion yen privately to participate in privatization and delisting, and the 400,000 shares of Xinfei Electronic Technology Co., Ltd. purchased can still be held.

Due to the shareholder structure of Xinfei Electronic Technology Company, it is different from other companies from the beginning. Many new entrepreneurial projects are incubated internally, with funds and resources without manpower, and do not require external venture capital. The main investor is the new venture electronics group, and at the same time, employees are allowed to buy the equity of the entrepreneurial project at the price of net assets, so as to bundle the interests of employees and the company.

After the company went public, Philips successively cashed out and earned a hundredfold return on investment. Xinchuang Electronics Group chose not to retreat but to continue to increase its shareholdings, until the Xinfei Electronic Technology Company was directly privatized and delisted. Even after the privatization and delisting, there are still about 200 shareholders of the original listed company who are reluctant to exit.

Therefore, Xinfei Electronic Technology Co., Ltd. is an ordinary joint-stock company, even if it does not hold a position in the company, it can still own the equity of Xinfei Electronic Technology Co., Ltd.

"Miss Uejima, thank you for your contribution to Xinfei Electronic Technology Company in the past few years! In the future, as the next CEO, I will definitely create greater value for the shareholders of Xinfei Electronic Technology!" Jiang Wanmeng, the third CEO of Xinfei Electronic Technology Company, said excitedly.

"Thank you!" said Ueshima, "Although I have stepped down as CEO, I still have 400,000 shares, and I hope you can create value for the company and not let a small shareholder like me lose all my money." ”

"Miss Uejima, rest assured, my person and team, in fact, is the group company's internal next-generation image decompression technology DVD research and development team! Our whole team, although there are only more than 100 people, but it is definitely a strong soldier, and DVD technology has matured, and can even achieve commercial mass production, just inject the patented technology into the name of Xinfei Electronic Technology Company. Jiang Wanmeng said with a smile.

In addition, the leader of the technical team who came with Jiang Wanmeng is the Chinese-American Sun Yansheng, and historically, Sun Yansheng and Jiang Wanmeng founded Wanyan Company and jointly invented VCD. But...... In reality, Sun Yansheng developed graphics decompression technology in the early 80s, and products such as D and DVD all made extensive use of Sun Yansheng's invention patents.

Although he co-founded Wan Yan with Sun Yansheng and co-invented VCD. However, the decoding chip required for VCD needs to be taken from C-Cube, a company established by Sun Yansheng in the United States.

C-Cube's main profit is the sale of MPEG-1 decoding chips. The investment in Wanyan Company is just a brick to promote the commercialization and listing of decoding chips faster.

After Wanyan's VCD was on fire, a bunch of follow-up products were launched, and after a bunch of follow-up companies dismantled Wanyan's VCD, they would soon be able to follow the trend and imitate, because C-Cube would not refuse orders for decoding chips.

It is precisely because of this that C-Cube, which monopolized the supply of chips, made a big profit in the VCD era, and Wanyan quickly lost the market under the impact of a large number of copycats.

Moreover, the followers of the VCD industry have also been listed after a few years because DVDs have been on the market for a few years, resulting in the VCD industry rapidly advancing from soaring to a comprehensive retreat.

And in this world, starting from CD discs, to VCD and DVD, and a series of technical patents, are monopolized by the new venture electronics group. Therefore, Jiang Wanmeng and Sun Yansheng, after joining the new venture electronics group by mistake, were entrusted with the important task of being responsible for the research and development of the DVD project.

At present, most of the basic patents of MPEG-1 standard, MPEG-2 standard published by MPEG, and other international patent standards are contributed by Xinchuang Electronics Group Company.

The MPEG-1 standard is widely used in audio and video formats such as VCD, CD, MP3, etc. In the current era of relatively small storage capacity, this technology is the most widely used.

The MPEG-2 standard can be applied to DVD, DVD-ROM, and SD and HDTV transmission technologies.

Lin Qi only decided to take out the technology related to the MPEG-2 standard after the MPEG-1 standard had made enough profits.

At present, VCD and other products have made profits for at least more than ten years, plus the profits of CD-ROM, they have already made a lot of money.

And now there are too many competitors for CD-ROMs, VCDs, and so on. Therefore, the next step for Xinfei's delisting is to prepare to gradually reduce the scale of the VCD business and withdraw from this market in an orderly manner.

At the same time, DVDs and DVD-ROMs are ready to invest more resources and effort to replace outdated technologies with more advanced technologies.

In fact, the difference between VCD and DVD is only in the different compression principles and different decoding chips. In fact, a large number of parts and components can be used universally.

The principle of compression is only at the software level, and it is not difficult to solve. And the decoding chip, it is better to solve.

The new venture semiconductor company under the new venture electronics group can manufacture VCD decoding chips and make DVD decoding chips, because there is no patent barrier threshold, it is naturally easy.

……

After handing over the work with the team of Uejima.

On June 10, Xinfei Electronic Technology Co., Ltd. announced that it had been successfully delisted. In addition, the parent company has injected new patented technology, and based on the new technology injected by the parent company, the DVD player developed by the parent company has already been sampled. And, at the end of June, the new DVD player will go on sale.

"Welcome all friends and consumers from the news media to participate in this press conference. I am Jiang Wanmeng, the new CEO of Xinfei Electronic Technology Co., Ltd. Today, this press conference is mainly about our new product ......"

"As you all know, before I joined Xinfei Electronic Technology Co., Ltd., the company was already a very great company, relying on the popularization of CD-ROM technology and VCD discs, for more than ten years, it can be said that it is a company that has changed the consumer market by invention. At one time, we relied on these two fist products to be the darlings of the world's technology industry! But with the popularization and popularization of technology, we had to license the technology to competitors under the pressure of anti-monopoly laws. Therefore, in just a few years, the CD-ROM and VCD market has changed from almost 100% monopolized by our company to only about 30% of our market share. ”

"However, the fact that the technology was forced to be licensed to competitors made us realize ...... Therefore, together with the team of the parent company, a few years ago, we have begun to prepare more advanced CD storage technology and video compression technology - Digital Versatile Disc, which we call DVD. This technology can not only be applied to DVD players, but also has a larger capacity than VCD discs, so it can have higher definition images and better sound effects. The same is true for storing other data, which stores more information and can have several times the storage capacity of traditional CD discs. ”

"The DVD disc uses the ultra-high-density CD format, and the storage capacity has been increased from 650MB to 3.6GB compared to the previous CD disc......"

In an instant, the news media and the audience present were shocked!

"A disc is 3.6GB, did you hear it right?"

"My hard drive doesn't have 1GB yet~!"

"3.6GB film and television, how clear should it be?"

"Black technology!"

"Damn, after the delisting, we only started to release black technology!

"The technology awarded by the new venture electronics group is not what Xinfei originally had. ”

"No wonder it wants to be privatized and delisted!"