Yuan Renguo, former chairman of Maotai Group, resigned as legal representative of Maotai Group Finance Company.
On May 10, Pengmei journalists noticed that Guizhou Maotai Group Finance Co., Ltd. (abbreviated as Maotai Group Finance Co.) updated its industrial and commercial information on May 6 and changed its legal representative from Yuan Renguo to Wu Zhijun. At present, Wu Zhijun is the legal representative and chairman of Maotai Group Finance Company.
On May 7, the official website of the former CBRC issued the Guizhou Banking and Insurance Regulatory Bureaus Approval on the Qualification of Wu Zhijun of Guizhou Maotai Group Finance Co., Ltd. It said that the qualification of Chairman of Guizhou Maotai Group Finance Co., Ltd. of Wu Zhijun was approved after examination and verification.
The approval issued on April 30 requires Guizhou Maotai Group Finance Co., Ltd. to urge Wu Zhijun to strictly abide by the relevant regulations of the China Banking and Insurance Regulatory Commission and its local offices, and to report on his performance in time as required; to urge Wu Zhijun to continue to learn and master relevant laws and regulations on economy and finance, to be familiar with his duties and duties, and to perform his duties faithfully and diligently.
The Approval also mentioned that Wu Zhijun should be in office within three months from the date of the approval and photocopy, and submit his appointment documents to Guizhou Banking Insurance Regulatory Bureau.
According to the documents approved by Guizhou Banking Regulatory Bureau, Wu Zhijun entered Maotai Group Finance Company in 2013, initially as deputy general manager; in August 2014 as a staff director; in September 2016, Wu Zhijun as general manager.
According to Tian Eye Check, Maotai Group Finance Company was established in March 2013 as a state-owned holding limited liability company. At present, Guizhou Maotai Liquor Co., Ltd. (600519.SH, abbreviated as Guizhou Maotai) holds 51%; China Guizhou Maotai Liquor Factory (Group) Co., Ltd. (abbreviated as Maotai Group) holds 35%; Guizhou Maotai Liquor Group Technology Development Co., Ltd. holds 9%; Guizhou Maotai Liquor Factory (Group) Practice Liquor Co., Ltd. holds 5%.
Less than a week ago, Yuan Renguo was dismissed as a member of the CPPCC in Guizhou Province. On May 5, the 10th meeting of the Standing Committee of the 12th Guizhou Provincial Committee of the Chinese Peoples Political Consultative Conference (CPPCC) decided to dismiss Yuan Renguo from the post of Standing Committee member of the 12th Guizhou Provincial Committee of the CPPCC, Vice-Chairman of the Economic Committee and Member of the Provincial CPPCC.
Yuan Renguo, 63, was the leader of Maotai. In May 2018, Maotai Group and its listed company Maotai, Guizhou Province, underwent a lightning handshake. On the evening of May 10, 2018, Maotai, Guizhou, officially announced that Yuan Renguo would no longer serve as Chairman, Director, Legal Representative and Board of Directors of Maotai Group; Li Baofang was appointed Chairman, Legal Representative and Board of Directors of Maotai Group.
At the level of listed companies, another announcement from Maotai in Guizhou on the evening of May 10 disclosed that Li Baofang was recommended as the chairman of Guizhou Maotai Liquor Co., Ltd. and that Yuan Renguo should no longer be the chairman and director of Guizhou Maotai Liquor Co., Ltd.
This means that Yuan Renguo has withdrawn from Maotai in an all-round way and Maotai has officially entered the Li Baofang era. It is noteworthy that after Yuan Renguo left office, his whereabouts have not been announced to the outside world. In December last year, Pengmai journalists asked Li Baofang, chairman of Maotai, Guizhou, about Yuan Renguos whereabouts, but the other party did not respond.
According to Tian Eye Check, Yuan Renguo is still working in three Maotai companies, serving as legal representative and chairman of Guizhou Maotai Decoration Co., Ltd., as legal representative and chairman of Guizhou Maotai Yida Advertising Co., Ltd., and as legal representative, executive director and general manager of Maotai Jianxin (Guizhou) Investment Fund Management Co., Ltd.
On the afternoon of May 10, Pengchao journalists called the three companies to confirm whether Yuan Renguo was still in the position of legal representative and chairman. Among them, the relevant personnel of Guizhou Maotai Yida Advertising Co., Ltd. said that Yuan Renguo was still the chairman of the company; Maotai Jianxin (Guizhou) Investment Fund Management Co., Ltd. said that it was inconvenient to inform; Guizhou Maotai Decoration Co., Ltd. did not answer the phone.
Yuan Renguo is the elder of Maotai.
According to the public information, Yuan Renguo was born in 1956 and worked in Maotai Liquor Factory in Guizhou in 1975. He has served as office secretary, Office Deputy director, workshop director, branch secretary and assistant director. He has served as deputy secretary and vice chairman of the Party Committee of Maotai Group in Guizhou since 1998 and general manager of Maotai Liquor Company in Guizhou since 2000. u3002 From October 2011 to May 2018, he was chairman and Deputy Secretary of the Party Committee of Maotai Winery (Group) Co., Ltd. in Guizhou, China.
In 2001, when Yuan Renguo took office in Maotai, Guizhou, Wuliangyes business income was 4.742 billion yuan, and Maotais revenue was 1.618 billion yuan, only one third of Wuliangyes. Over the next 20 years, the revenue of Maotai in Guizhou has steadily exceeded Wuliangye, Baole Liga and Diageo.
Source: Yang Yi_NBJ10647, Responsible Editor of Peng Mei News