Bai Yuanshan first explained the two purposes of this annual meeting: the first is to distribute the annual dividends from the Hong Sect, and the second is that he will retire from the Jianghu, giving up his position as Sect Leader of the Hong Sect, and welcoming all leader brothers of the Hong Sect to come forward and run for election!
Year-end bonus! Election of new Sect Leader!
The two major announcements made by Bai Yuanshan were joyous news for the Hong Sect brothers, so as soon as his voice fell, the scene was instantly filled with cheers, as if the entire basement was about to be shaken by the noise.
"According to past practice, the sect will retain thirty percent of the annual dividends as reserve funds, and the rest will be distributed to all the brothers!" Bai Yuanshan continued to announce, "This year, the cash available for distribution is 1.4 billion, an increase of twenty percent over last year!"
"Great!"
"Thank you, Sect Leader!"
"Mr. Bai is mighty!"
