According to press reports, on April 26, 2020, Li Guoqing went to the offices of Dangdang with four men and took the company seals. He was in a dispute over who controlled the company. Dangdang answered the same day that its company seal, financial seal and finance department seal were void.
In a Chinese company, the seal (公章) is how decisions become binding on paper. As one report put it: “The company seal is, admittedly, an important proof of exercising power in the company.”