Core Viewpoint - Moutai Group has announced a significant personnel change, appointing Chen Hua as the new chairman, replacing Zhang Deqin, amid challenges in the liquor industry, particularly in the sauce liquor sector [1][3][5] Group 1: Leadership Change - Chen Hua, previously the director of the Guizhou Provincial Energy Bureau, has taken over as chairman of Moutai Group [1][3] - Zhang Deqin, who served as chairman for only one and a half years, has stepped down [1][3] Group 2: Background of New Chairman - Chen Hua, born in March 1972, holds a master's degree in engineering and has extensive experience in the energy sector [5] - His career includes roles in the Panjiang Coal and Electricity Company and various government positions, indicating a strong background in management and oversight [5] Group 3: Industry Challenges - The liquor industry, particularly the sauce liquor segment, is facing a slowdown in growth, necessitating strategic changes in leadership [5] - Analysts suggest that the new chairman may help address the long-standing issue of a closed talent structure within Moutai, which has hindered innovation and internationalization [5]