Core Viewpoint - The board of directors of Yiyuan Wine Industry has undergone a significant reshuffle, with seven new members nominated, including executives from 1919 Group, indicating a strategic move to revitalize the company [2][7]. Group 1: Board Restructuring - Seven new members have been nominated to the board of Yiyuan Wine Industry, including three executive directors: Liu Yunqiang, Xiong Xia, and Zhao Mingjun [2][3]. - Liu Yunqiang, aged 58, has over 26 years of experience in financial management and retail operations, previously serving at Suning.com and holding various positions at 1919 [3]. - Xiong Xia has over 17 years of experience in the Chinese liquor industry and has held multiple senior management roles at 1919 since joining in 2008 [3]. - Zhao Mingjun has over 16 years of experience in the liquor industry and is currently the general manager for North and Northwest China at 1919 [3]. Group 2: Non-Executive Directors - Zhao Guodong, aged 49, has over 20 years of experience in financial management and operations, having joined 1919 in 2018 and held various senior roles [4]. - Liang Mingshu, a financial expert and founder of Harmony Capital Management, has served as a non-executive director for several listed companies [5]. - Wang Renrong has over 28 years of experience in the fast-moving consumer goods sector and has held significant positions in legal and corporate affairs [6]. - Xu Yan, an expert in fermentation and beverage development, has over 23 years of experience and is currently a professor and vice president at Jiangnan University [6]. Group 3: Acquisition and Future Strategy - The restructuring follows the acquisition of Yiyuan Wine Industry by 1919 Group, with 1919's founder Yang Lingjiang becoming the largest shareholder with a 73.63% stake [7]. - The acquisition was completed for approximately 73.63 million HKD, with a share price of 0.12491 HKD [7]. - Yang Lingjiang aims to continue operating Yiyuan's existing wine business and will develop future strategies based on review results, considering diversification and long-term growth opportunities [8]. Group 4: 1919 Group's Background - 1919 Group is the largest new retail platform for alcoholic beverages in China, previously listed on the New Third Board and has attracted significant investments, including 2 billion CNY from Alibaba in 2018 [9]. - Despite its growth, 1919 has faced financial challenges, with only one profitable year from 2017 to 2022 and ongoing issues with franchisee payments [9].
1919核心高管团集体“空降”怡园酒业 7人董事会大洗牌