KWEICHOW MOUTAI(SH:600519) Di Yi Cai Jing·2025-10-27 13:21Core Points - The Guizhou Moutai Group has officially announced a leadership change, appointing Chen Hua as the new chairman, while the future of former chairman Zhang Deqin remains undisclosed [2] - This marks the fourth change in chairmanship for Moutai in five years, indicating instability in leadership [2] - Previous chairmen Gao Haidong and Ding Xiongjun were both investigated after their departures, raising concerns about governance [2] Company Overview - Chen Hua has been recommended to take over as chairman of both the Guizhou Moutai Group and Guizhou Moutai Co., Ltd [2] - The announcement follows a significant meeting held on October 25, where the leadership change was discussed [2] - Unlike previous transitions, the current announcement does not clarify Zhang Deqin's next steps, which is unusual compared to past practices [2]