Jinzhongzi Liquor's former general manager resigns after 9 months, and Xie Jinming takes on the roles of Chairman and General Manager simultaneously

Rui Finance | Liu Zhiying On April 1, Jinjunzhujiu (SH600199) announced that the company’s board of directors agreed to appoint Xie Jinming as the company’s general manager. His term shall run from the date on which this board meeting’s resolution is approved until the term of the company’s seventh session of the board of directors expires.

Pursuant to relevant regulations and also in light of the company’s business development needs, and at the same time considering convenience factors such as changes to the registration with the market supervision and administration department, the company decided to change the legal representative from He Xuxia to Xie Jinming, who will serve as a director and general manager of the company.

Xie Jinming has served as chairman of Jinjunzhujiu since April 2023. He has now resigned as general manager of Funan Investment and Development Group Co., Ltd., as deputy party secretary of the Party Committee and general manager of Fuyang Construction Investment Holding Group Co., Ltd., as well as positions including party secretary and chairman of Anhui Jinjunzhu Group Co., Ltd.

According to information available, Xie Jinming was born in September 1974 and holds a graduate degree. He began working in August 1994, and from June 2018 to the present has held posts including Standing Committee Member of the Jieshou Municipal Committee and Executive Deputy Mayor, Deputy Secretary of the Party Committee of Taihe County, General Manager of Funan Investment and Development Group Co., Ltd., Deputy Party Secretary of the Party Committee and General Manager of Fuyang Construction Investment Holding Group Co., Ltd., Party Secretary and Chairman of Anhui Jinjunzhu Group Co., Ltd., and Chairman of Anhui Jinjunzhujiu Co., Ltd., among others.

Rui Finance Society noted that in early July 2025, Jinjunzhujiu announced that its former general manager, He Xuxia, stepped down, and Deputy General Manager Liu Fubi took over the general manager’s duties. Now, Chairman Xie Jinming has taken on the “one-person dual role” and assumed the position of general manager.

Jinjunzhujiu was established in July 1998. Its legal representative is He Xuxia. Its registered capital is 658 million yuan. Its principal business is the production and sales of baijiu. The company’s main products include the Jinjunzhu series baijiu, the Zheedsizi series baijiu, the Zui Sanqiu series baijiu, and the Yingzhou series baijiu, as well as Jinjunzhu Fuhéxiang baijiu and others.

Jinjunzhujiu expects that in 2025, its annual net profit attributable to owners of the parent company will be between -190 million yuan and -150 million yuan. Its net profit after deducting non-recurring gains and losses attributable to owners of the parent company is expected to be between -210 million yuan and -170 million yuan.

Related company: Jinjunzhujiu sh600199