Core Viewpoint - The company Jule has appointed Gao Zhaohui as the acting chairman during the absence of its founder and controlling shareholder Tong Enwen, who is 78 years old and unable to attend meetings due to health reasons. This leadership change may signal a new direction for the company as it continues to pursue its long-standing goal of going public after multiple unsuccessful IPO attempts [2][4][6]. Group 1: Leadership Transition - Tong Enwen, the founder and controlling shareholder of Jule, has been a pivotal figure in the company's development since its inception in 1984 [2]. - Gao Zhaohui, who is related to Tong Enwen through marriage, has been appointed to fulfill the roles of chairman and other key positions during Tong's absence [4]. - Gao Zhaohui has a strong professional background, having worked for several well-known companies before joining Jule in 2011, and he currently does not hold any shares in the company [4]. Group 2: IPO Attempts - Jule has made multiple attempts to go public, starting with its first IPO application in December 2017, which was withdrawn shortly after due to strict market conditions [6][8]. - The company has attempted to list on the stock market four times since then, facing various challenges including regulatory warnings and the withdrawal of applications [8][9]. - Despite these setbacks, Jule is currently preparing for its fifth IPO attempt, this time targeting the Beijing Stock Exchange, having completed the necessary preparatory steps [8][9]. Group 3: Business Challenges - Jule's business is heavily reliant on the Sichuan market, with revenue from this region accounting for approximately 76% to 77% of total income in recent years, which poses both an advantage and a challenge for the company [10][12]. - The company has been working to diversify its product offerings, launching new products such as high-temperature sterilized milk and various flavored drinks to capture more market segments [14]. - Analysts suggest that Jule needs to strengthen its market presence and risk management capabilities, as it currently lacks a competitive edge in a market dominated by larger players like Mengniu and Yili [15].