Wuliangye Splits Board Secretary and CFO Roles, Appoints Li Jianwei as Deputy GM and Board Secretary

Wuliangye announced multiple personnel changes on July 28. The board of directors dismissed Zhang Xin as board secretary, but he will continue to serve as director, deputy general manager and chief financial officer. At the same time, Li Jianwei was appointed as deputy general manager and board secretary, with a term starting from the date of approval by the board until the expiration of the seventh board of directors. Zhang Xin and Li Jianwei have completed the handover of board secretary duties.

The adjustment splits the roles of board secretary and chief financial officer to comply with the Listed Company Board Secretary Supervision Rules, which take effect on May 24, 2026, and prohibit the board secretary from concurrently holding key positions such as chief financial officer. The rules include a transition period until December 31, 2027. Several A-share listed baijiu companies have already made gradual adjustments.

At the board level, director Xiao Hao resigned from his positions as director and member of the strategic committee due to work changes. After the resignation, he will no longer hold any posts at the company or its controlling subsidiaries.