The Supreme Court of Thailand: confirmed that Yan Bin was fired and fired by the chairman of the Chinese Red Bull and the legal representative

For Yan Bin's application for revocation of Red Bull Vivians (Thailand) Co., Ltd. (hereinafter referred to as the Red Bull of Thailand), the Thai Supreme Court recently made a final judgment and rejected Yan Bin's claim.

According to the "HONG NIU FACTS" website information, Yan Bin tried to overthrow the controlling shareholder of the Red Bull Vitamin Co., Ltd., Red Bull Weiming Destiny (Thailand) Co., Ltd., which was dismissed by the board of directors of the board of directors of the board of directors, and appointed Mr. Yan Bin to the chairman of the Red Bull Vitamin Co., Ltd. A person's identity and the resolutions of the members of the board of directors, including them, made a final judgment on May 24, 2022, the Supreme Court of Thailand, rejected Yan Bin's appeal, and maintained the Thai Bangkok Appeals Court on August 20, 2019 to do it on August 20, 2019 The second trial judgment confirmed that the aforementioned board's resolution was legal and valid.

In 2016, the decision content of the board of directors of Red Bull Vitamin (Thailand) Co., Ltd. mainly includes:

Remove Yan Bin's previous director, chairman, chairman, and legal representative of the Red Bull Vitamin Co., Ltd., eliminates the position of Director of Ms. Yan Danzheng, Ms. Fei Xiaozheng, and Mr. Zhang Ligang Red Bull Vitamin Co., Ltd. New directors, chairman, and legal representative; Red Bull Vita's Life Beverage Co., Ltd. shall register the removal and appointment of the aforementioned personnel to the relevant departments of the People's Republic of China within 14 days in accordance with the decision of the board of directors. The website information shows that the Yoovidhya Family is the founder and owner of the global Red Bull brand and the "Red Bull" trademark, and it is also an exclusive holder of the global Red Bull formula. The Red Bull drink was originally successfully developed by Mr. Chaleo Yoovidhya in 1975.

With the success of Red Bull in the international market, in 1993, Mr. Xu Shubiao founded the first factory of Red Bull in China in Hainan Province, and named it in Chinese "Red Bull" to introduce Red Bull beverages into China.

In 1995, the Xu family and other shareholders (including Mr. Yan Bin) jointly established the Red Bull Vitamin Beverage Co., Ltd. (joint venture). Since its establishment, the Xu family is the controlling shareholder of the joint venture and continues to provide support for the operation and development of the joint venture, including providing corresponding financial support, process technology, product formula and trademark license.

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Source: China News Network

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