Kweichow Moutai announced on the evening of April 29 that according to the relevant documents of the Guizhou Provincial People's Government, Zhang Deqin was recommended as a director and chairman of Kweichow Moutai Co., Ltd., and Ding Xiongjun was no longer recommended to serve as the chairman and director of the company.
Source: Yicai Review: Ma Xiangyu Editor: Li Xiang Proofreader: Li Li