Eastroc Beverage(SH:605499) Sou Hu Cai Jing·2026-01-07 11:02Core Viewpoint - The appointment of a new company secretary, Zhan Honghui, at Dongpeng Beverage is crucial during the sensitive period of its IPO process, especially given the recent resignation of the previous secretary, Zhang Lei, which occurred two months prior to this announcement [1][3]. Group 1: Appointment and Transition - Dongpeng Beverage officially appointed Zhan Honghui as the company secretary on December 29, 2025, following the resignation of Zhang Lei [1]. - Zhang Lei's resignation occurred during a critical phase when the company's initial application for a Hong Kong IPO had expired, leading to a second submission [3]. - The company emphasized that the transition was a planned handover rather than an unexpected departure, with Zhang Lei continuing to serve as a director and vice president [4]. Group 2: Qualifications and Experience - Zhan Honghui holds an MBA from Peking University and is a qualified CPA in China and ACCA in the UK, with extensive experience in financial auditing and capital operations [4]. - Prior to his appointment, Zhan served in various roles within Dongpeng Beverage, including deputy director and director of the financial management department [4]. Group 3: Market Implications and Performance - The company is currently working on establishing a dual capital platform (A+H shares) and faces challenges in regulatory communication and investor relations during the IPO process [5]. - Dongpeng Beverage reported a revenue of 16.844 billion yuan for the first three quarters of 2025, a year-on-year increase of 34.13%, and a net profit of 3.761 billion yuan, up 38.91% [7]. - Despite a slight decrease in gross margin by 0.6 percentage points due to a higher proportion of low-margin products, the company effectively managed expenses, reducing the sales expense ratio by 2.6 percentage points [7].