Core Viewpoint - The company announced a leadership change with the departure of CEO Yan Tao and the appointment of Tang Xiangyang as the new CEO, effective October 13, 2025, indicating a strategic shift in management to enhance operational development and growth [1][2]. Group 1: Leadership Changes - Yan Tao will step down as CEO but will continue to serve as an executive director and vice chairman, contributing to the group from October 13, 2025 [1]. - Tang Xiangyang, aged 57, has been appointed as the new CEO, effective the same date, and will oversee the overall management and business operations of the group and its subsidiaries [1]. - Tang Xiangyang has extensive experience in the industry, having joined the group in 1989 and held various senior management positions, including General Manager of Jiangxi Lidu Liquor Co., Ltd. since 2014 [1][2]. Group 2: Compensation and Qualifications - Tang Xiangyang's employment contract stipulates a three-year term starting October 13, 2025, with an annual salary and discretionary bonus totaling RMB 5 million [2]. - He holds multiple authoritative qualifications in the Chinese liquor industry, including being a certified national judge and senior brewer, showcasing his expertise in production, sales management, and brand development [2]. Group 3: Financial Performance - For the first half of the year, the company reported revenues of RMB 2.497 billion, a decrease of 39.6% compared to the same period in 2024 [2]. - The profit attributable to equity shareholders was RMB 575 million, down 23.5% year-on-year, while adjusted net profit fell by 39.8% to RMB 613 million [2]. - The decline in performance is attributed to ongoing macroeconomic uncertainties affecting business activities, banquets, and gifting scenarios, prompting the company to adjust its growth strategy for long-term stability [3].
36年“老兵”接棒！珍酒李渡CEO变更