The Oriental Selection Weibo account released a live broadcast notice in the early morning of December 18, stating that Yu Minhong and Dong Yuhui will conduct a live broadcast at 8 pm on the 18th. It is worth noting that the content of the poster released shows that Dong Yuhui has become a "Senior Partner of Oriental Selection". Recently, Yu Minhong's continued voice, combined with the company's personnel appointment and dismissal announcements, caused the "little essay" incident in Oriental Screening to continue to ferment over the weekend.

Yu Minhong: Oriental Selection will soon launch a round of major adjustments involving the salaries of anchors such as Dong Yuhui

After the personnel turmoil in Oriental Selection, New Oriental founders Yu Minhong and Dong Yuhui appeared in the live broadcast room together on the evening of December 16. Yu Minhong said that he previously respected the management's opinions very much. Now that he is in charge of the company, he will soon launch a round of major adjustments, including the treatment of all anchors. "This adjustment is not only for Dong Yuhui, but for all anchors in the company." He hopes that this adjustment will lay a good development direction and foundation for the company. "There are still many things that Sun Dongxu can do here."

Yu Minhong: Give Dong Yuhui the right to speak in the company in the future

During the live broadcast, Yu Minhong also said that regarding the company's right to speak, Dong Yuhui will definitely have the right to speak in the future. At the same time, he also hopes that Sun Dongxu, who was dismissed, can also provide suggestions and suggestions. "As long as I think what Dong Yuhui wants to do in the future is reasonable and reasonable, I will mobilize resources to help him achieve it."

Yu Minhong speaks out again: Bosses must be willing to work for their employees

According to Jiemian News, on December 17, Yu Minhong appeared at the 4th China Vocational Education Development Forum. In response to the recent Oriental Selection Incident, he said: "With the development of modern society,The boss must be willing to work for his employees, and if they work in the same direction, it becomes a partnership.If the employee is capable and has his own direction, and you don't want this direction, then break up properly. "

"Many people are still acting like bosses and managing from a high position. Traditional companies have no problem, but if you are a modern company, there will definitely be problems." Yu Minhong concluded.

Yu Minhong believes that the reason for Dongfang Selection's failure is that the management team's thinking has not changed. It uses traditional thinking to manage outstanding employees and can maintain them for a period of time by relying on friendship. In the end, the traditional management model is not suitable, which will inevitably cause shocks and changes.

"I later reviewed myself and concluded that I should have strongly intervened in this matter earlier, and there would not have been a lose-lose situation like today." Yu Minhong said.

Yu Minhong said that what happened this time was within my expectation. Sooner or later (something would happen), "But as the chairman, I am a hands-off manager and unwilling to intervene in the children's (problems). I hope they can solve the problems themselves."

Regarding the development path of the Internet celebrity model, Yu Minhong revealed that he had held countless meetings with the management of Oriental Selection and expressed: "Your business model must change, and the relationship with outstanding employees must change. No matter what you say, they will not listen. (They think) Management is very convenient, and young people cannot understand the crisis behind it. I understand it, but I can't help it."

"I think like an Internet celebrity. I am a big Internet celebrity. The reason why I don't ask New Oriental for money is because I have equity in New Oriental, and my original interests have already been taken." Yu Minhong further said: "But anchors must develop step by step, and they need to achieve the so-called treatment and emotional retention of people."

Oriental Selection Announcement: Sun Dongxu remains as non-executive director

On the evening of December 17, Oriental Selection announced on the Hong Kong Stock Exchange that Sun Dongxu would be relieved of his duties as CEO and executive director.

However, Sun Dongxu is still listed as a non-executive director on the list of board members attached to the announcement. This also confirms what Yu Minhong said in the live broadcast on the evening of December 16 that although Sun Dongxu was removed from the CEO position, he will still stay in Oriental Selection and engage in related management work.

The above announcement stated that the board of directors of Oriental Selection Holdings Co., Ltd. had resolved to remove Sun Dongxu from the position of CEO and remove him from the position of executive director of the company on December 16, with immediate effect.

The announcement stated that in view of the recent public opinion turmoil, Sun Dongxu's change of position reflects his recent poor management of the company's brand and reputation; the board of directors believes that Sun Dongxu's withdrawal from these positions will be able to better safeguard the interests of the company's shareholders, allowing more experienced directors to take over the company's daily management.

Sun Dongxu confirmed that as of the date of this announcement, he has no differences of opinion with the board of directors and has not made any claims against the company.

The board of directors has appointed Yu Minhong as the company's new chief executive, effective immediately. Mr. Yu will continue to serve as the Chairman of the Board and will be re-designated as an Executive Director of the Company.