In order to meet the development needs of the company, Mingjun Ruohua Music Co., Ltd. decided to complete the capital increase and share expansion ahead of schedule, and decided to collect the 45 million yuan raised on March 1, 1993.

On February 8, the company's four promoters, Yu Ming, Xue Jun, Feng Huali and Xu Zhiruo, held the last meeting of the existing board of directors of Mingjun Ruohua Music Co., Ltd., and the company will re-board of directors and board of supervisors after the funds raised are in place.

Because there is an increase in shareholders, the main topic of the meeting is the company's profit distribution, and the unanimous opinion is that all the net profits of the company since its establishment, including dividends and bonuses and provident funds, will be distributed at one time, and after the funds raised are in place, the company's book profit will be zero, and all shareholders will be on the same starting line.

Xu Zhiruo first announced the company's financial situation: the company's current registered capital is 5 million yuan, the current provident fund is 3 million yuan, the arbitrary provident fund withdrawn is 500,000 yuan, and the current undistributed profit is 13 million yuan.

Chairman Xue Jun first said:

"The company's existing distributable profit is 16.5 million yuan, let's see if there is any expense to be paid before the profit distribution."

徐芷若 says:

"Manager Yu's song copyright fee has not been paid, because the company is in its infancy and funds are relatively tight, and Manager Yu has not asked the company to pay the song copyright fee."

薛俊 says:

"Well, Director Yu's song copyright fee must be paid first this time, and everyone has an opinion on how much to pay."

Feng Huali said:

"This year, our company purchased the copyright of 4 songs, the low one is 100,000 yuan, the high one is 200,000 yuan, and Manager Yu's songs are classics each, so I think I will pay the copyright fee of 200,000 yuan per song."

Xu Zhiruo said:

"I agree with Sister Feng's opinion."

Xue Jun also says:

"I also agree, I think Director Yu's songs are not only worth 200,000 yuan, but Director Yu still suffers a loss."

Xue Jun's words made several people smile knowingly.

Yu Ming didn't speak, the copyright fee of the song is what he deserves, and there is no reason not to want it, but it is not appropriate to pay the copyright fee at the highest price of 200,000 yuan for each song.

At this time, Yu Ming stood up and said:

"I'm against it."

Seeing that several people looked at him in surprise, Yu Ming explained:

"I don't object to the company paying me the copyright fee, nor is it too low the price, what I object to is that it can't be the current highest price per capital, the highest price of the song last year and the year before was not 200,000 yuan, I think it is okay to pay the copyright fee according to the market at that time, and we don't need to discuss this, I will make a decision on behalf of Chairman Xue."

薛俊 says:

"Director Yu is really high-spirited, okay, just do it according to Director Yu's opinion, Director Yu has written a total of 14 songs for our company, Manager Xu, according to the highest price in the market at that time, how much copyright should be paid?"

Xu Zhiruo said:

"The highest price of 91 is 100,000 yuan, 92 is 150,000 yuan, this year is 200,000 yuan, and the copyright fee for 14 songs is a total of 2.2 million yuan."

薛俊 says:

"So there is still a profit of 14.3 million yuan, and are there any other expenses that need to be paid?"

Yu Ming says:

"We all pay wages on the 5th of next month, and we should set aside next month's wages and funds."

Xu Zhiruo said:

"Next month's salary and funds are a total of 150,000 yuan."

Xue Jun said:

"Then subtract another 150,000 yuan, allocate a total of 14.15 million yuan of funds, and then trouble Manager Xu to calculate how much dividends and bonuses each shareholder should receive."

Xu Zhiruo took out the calculator and calculated, and said:

"According to the proportion of each person's shareholding, the dividends and dividends that you deserve are, Xue Jun 4.811 million yuan, Yu Ming 2.83 million yuan, Feng Huali 3.396 million yuan, and Xu Zhiruo 3.113 million yuan."

Yu Ming says:

"Qian Jinguang, general manager of Huaying Investment, and Liao Chengde, the owner of topf1club, have received their respective subscriptions of 6 million yuan and 5 million yuan today, please be sure to receive the subscribed funds tomorrow."

薛俊 says:

"I have informed you, don't worry about the lack of fundraising, Director Yu has promised that after tomorrow, the funds that are not in place will be made up by him."

徐芷若 says:

"I subscribed for shares based on my economic ability at that time, and I knew that the company had dividends, so I subscribed more."

徐芷若 says:

"I was going to borrow some of the money, but now I don't have to borrow money."

Yu Ming says:

"I am ready to participate in some companies that are as promising as our company, and if Manager Xu wants to increase investment, I can give you a part of the subscribed shares."

Xu Zhiruo said:

"I'm kidding, I have extra money, and I'm going to renovate my hometown's house."

After discussion, it was decided that all the dividends would be transferred to the company's accounts to make the company's funds after the share expansion, and the four promoters only needed to make up the difference between their respective subscription amounts.

According to the number of shares subscribed, Xue Jun has to pay 1.689 million yuan, Feng Huali has to pay 1.604 million yuan, and Xu Zhi has to pay 387,000 yuan.

The company increased funds and shares, Yu Ming subscribed for 7 million yuan, the company's dividends, plus the copyright fee of the song, a total of 5.03 million yuan, only need to pay another 1.97 million yuan, Yu Ming's salary and early performance income are on the peony card, a total of 2.3 million yuan, Yu Ming after the meeting, transferred 1.97 million yuan from the peony card to the company's account, 7 million yuan of subscription shares have been completed.

Similarly, Xue Jun, Feng Huali, and Xu Zhiruo also made up the difference from their salaries and performance income, and they didn't need to borrow from their families.

The next day, the 45 million yuan raised by the company arrived, and a week later, the company's general meeting of shareholders was held to revise the company's articles of association. A new board of directors and a board of supervisors were elected, the use of the company's raised funds was clearly stipulated, the company's organizational structure was re-established, and 11 departments, including the planning department, the planning department, the audit department, the legal department, the copyright affairs department, the general affairs department, the publicity department, the supply department, the maintenance department, the customer service department, and the engineering department, were added, and the personnel recruitment plan was formulated.

Qian Jinguang and Sevillaia entered the board of directors, and Jacy Cai and Dai Liana entered the board of supervisors.

Yu Ming resigned as vice chairman, and Qian Jinguang replaced Yu as vice chairman of the company's board of directors.

Qian Jinguang was appointed to be responsible for the purchase of land use rights and related engineering construction of the company's office space.

Yu Ming is only in charge of the Publicity Department and the Legal and Copyright Affairs Department, which have relatively few things.

According to the plan, Yu Ming will gradually fade out of the specific affairs of Ming Jun Ruohua Music Co., Ltd.