Sou Hu Cai Jing·2025-11-21 13:43Core Viewpoint - The seamless transition of Xiang Xinzhou between two listed companies, Gansu Huangtai Liquor Co., Ltd. and *ST Tianlong, highlights the dynamics of executive movement in the market, with Xiang taking on the role of Vice General Manager and Board Secretary at Huangtai Liquor immediately after resigning from *ST Tianlong [1][5][7]. Group 1: Executive Transition - Gansu Huangtai Liquor announced the appointment of Xiang Xinzhou as Vice General Manager and Board Secretary on November 21, with his term starting immediately [1]. - Xiang Xinzhou has 16 years of experience in corporate management and compliance, holding qualifications in law and as a board secretary [1][2]. - On November 20, Xiang submitted his resignation from *ST Tianlong, effective immediately upon delivery to the board [5][7]. Group 2: Company Performance and Stock Movement - As of November 21, Huangtai Liquor's stock fell by 4.05%, closing at 12.55 yuan, with a total market capitalization of 2.226 billion yuan [4]. - *ST Tianlong's stock also declined by 3.88%, closing at 6.20 yuan, with a market capitalization of 1.243 billion yuan [7]. - Xiang Xinzhou held 71,300 shares in *ST Tianlong, valued at approximately 442,060 yuan as of the last trading day [7]. Group 3: Financial Challenges - *ST Tianlong has faced significant financial difficulties, reporting a 58.03% year-on-year decline in revenue for the first three quarters, totaling 51.6383 million yuan, and a net loss of 14.6535 million yuan, a 187.2% increase in losses compared to the previous year [12]. - The company has been under risk of delisting after two consecutive years of losses, with its stock currently under risk warning [12].