Liu Zhonghua, chairman of Wuliangye Board of Directors, formally retired Yibin official, was expected to take over from Qin.

category:Finance
 Liu Zhonghua, chairman of Wuliangye Board of Directors, formally retired Yibin official, was expected to take over from Qin.


Yibin local officials took over from Qin

On the morning of September 6, an important change in senior management of Wuliangye Group suddenly spread. Liu Zhonghua, the 64-year-old general manager of Wuliangye Group, will step down. He will be replaced by Zeng Congqin, the Secretary of the Cuiping District Committee of Yibin City and the Secretary of the Party and Labor Committee of Lingang Economic Development Zone.

He once served as the second-in-command of Wuliangye Group in Qin Airborne Company.

According to public information, Congqin was once the director of Yibin Development and Reform Commission, Yibin Energy Director and Yibin Resources Office. During his tenure, the Sichuan Provincial Peoples Government and PetroChina signed a cooperation agreement for the formation of Sichuan Changning Natural Gas Development Co., Ltd. The operation of Changning Natural Gas Development Company has played a positive and exemplary role in serving local development and peoples livelihood with local resources, completely changing the tight situation of Yibin, and continuously transferring power to the downstream industry of shale gas.

On October 31, 2016, he served as secretary of the Cuiping District Party Committee since Qin. In July, 2018, he also served as secretary of the Party and Labor Committee of Lingang Economic Development Zone.

Assist Wuliangye as the leader

On the evening of September 6, Wuliangye announced the replacement of the chairman of Guanxuan Stock Company. The announcement shows that Liu China no longer holds the position of director and chairman of the Fifth Board of directors of the company because he has reached the retirement age. He was nominated as the candidate for the Fifth Board of directors and chairman of the company. However, it still needs to be submitted to the shareholdersmeeting for consideration.

Wuliangye said in the announcement that during his tenure, Liu made outstanding contributions to the companys strategic planning, production and marketing.

Liu China, who has served in Wuliangye Group for more than 26 years, can be said to be the elder of the company. He has assisted three Wuliangye leaders - Wang Guochun, Tangqiao and Li Shuguang.

Liu China was transferred to Yibin Wuliangye Winery in May 1993. In November 2004, Liu was appointed Vice General Manager of Wuliangye Co., Ltd. and General Manager of Wuliangye Group since June 2011. He was elected Chairman of Wuliangye Co., Ltd. in the same year.

In May of this year, as chairman of Wuliangye, Liu also made a report on the work of the board of directors on behalf of the board of directors at the 2018 annual shareholders meeting of Wuliangye and said that Wuliangye would continue to optimize market value management, increase dividends, strengthen exchanges, and enhance capital market expectations and investor confidence. For 2019, Liu China has made arrangements for the overall planning and key work of Wuliangye. The annual sales target of listed companies is 50 billion yuan. Wuliangye will continue to clean up the brand, consolidate the status of classical Wuliangye, and formulate the layout of 1 + 3 and 4 + 4 of the main brand of Wuliangye.

Wuliangyes semi-annual report of 2019 shows that its business income increased 26.75% year-on-year, and its net profit attributable to shareholders of listed companies increased 31.30% year-on-year. At this time, the new general manager who took over Wuliangye Group once said from Qin that the current good development situation of Wuliangye is both an opportunity and a test.

Source: Daily Economic News Responsible Editor: Zhong Qiming_NF5619