Core Viewpoint - The company Dayaojia Beverage Co., Ltd. has undergone significant management changes, including a new legal representative and a reduction in the number of key personnel, amidst rumors of a potential acquisition by a private equity firm [2][3][4]. Group 1: Management Changes - The legal representative of Dayaojia Beverage has changed from Wang Qingdong to Dai Cheng, who also takes on the roles of director and financial officer [2]. - Key personnel have been significantly reduced to three, including the new legal representative Dai Cheng, new supervisor Jiang Yaxian, and general manager Luo Yun [3][4]. - Several board members, including Zhao Yu, Wang Xuanli, and Liu Liang, have exited their positions [3]. Group 2: Acquisition Rumors - There are speculations regarding a potential acquisition of a majority stake in Dayaojia Beverage by KKR, a U.S. private equity firm, as indicated by the connection between the former chairman's name and a company involved in the acquisition [4]. - The company has refrained from commenting on the acquisition rumors, stating that they will provide updates as necessary [4]. Group 3: IPO Plans - Dayaojia Beverage was rumored to be preparing for an IPO in Hong Kong, potentially raising up to $500 million, although the company has stated that it is currently focused on operational development and not considering an IPO [5]. - The company has expanded its market presence across 31 provinces and has established a network of over a thousand distributors [5].