Shede Liquor completed a board change. Tang Hui was elected chairman and re-elected as president. Li Anhua and Luo Chao served as vice presidents, and Zhong Lingyao was re-elected as chief financial officer. Tang Hui previously served as the president of Shede Liquor since December 2023. According to information on companies listed on the Tianyancha App, the registered capital of Shede Liquor is about 332 million yuan. The current chairman, general manager, and legal representative all appear to be Tang Hui. Sichuan Tuopai Shede Group Co., Ltd. holds about 30.32% of the shares and is the controlling shareholder; equity penetration shows that Guo Guangchang is the actual controller and ultimately benefited about 8.13% of the shares. This change is a change in management of a listed company and does not involve a change in control.

Shede Liquor completed a board change. Tang Hui was elected chairman and re-elected as president. Li Anhua and Luo Chao served as vice presidents, and Zhong Lingyao was re-elected as chief financial officer. Tang Hui previously served as the president of Shede Liquor since December 2023. According to information on companies listed on the Tianyancha App, the registered capital of Shede Liquor is about 332 million yuan. The current chairman, general manager, and legal representative all appear to be Tang Hui. Sichuan Tuopai Shede Group Co., Ltd. holds about 30.32% of the shares and is the controlling shareholder; equity penetration shows that Guo Guangchang is the actual controller and ultimately benefited about 8.13% of the shares. This change is a change in management of a listed company and does not involve a change in control.