Maotai's shortest-term chairman Gao Weidong fell from his horse and was named by the China Securities Regulatory Commission and the Shanghai Stock Exchange for disclosing information in violation of regulations


2022-05-13: [Article Link " I've never seen anything like it " " I've never seen it " On 13 May, the Guozhou Provincial Disciplinary Council Monitoring Committee reported that a member of the Party Committee and Chief of the Coal Field Geological Department of Guozhou, who was suspected of serious breaches of discipline, was currently under disciplinary review and inspection. The Political Knowledge Circle (WeChatID: wepolics) noted that Gaobeit had served as the former Chairman of the Maotai Group between March 2020 and August 2021 and that he had served for the shortest period of time since his appointment to the Council in Maotai, Guizhou, in 2001. I've been working in Guizhou for years. Gaobeidong, a Henan Dane born in November 1972, worked in July 1993 with a postgraduate degree and a master's degree in project management. According to his public history, Goidong studied in the Civil Construction Department of the Guizhou Institute of Engineering from 1990 to 1993. He has since joined the Environmental Protection Agency for the Planning and Construction of the Guiyang Economic and Technical Development Area in Guiyang Province, where he became Director-General in February 1999. In October 2000, Gao Weidong served as Deputy Governor of the Little River Region of Guiyang City, Guiyang Province, and Deputy Director of the Administrative Board of the Guiyang Economic and Technical Development Region; in 2006, Gao Weidong became the Party Secretary and Chairman of the Kim Yangxing District Development Company, Guiyang City, Guiyang Province, and Deputy Director of the Kimyang District Management Committee, Guiyang City. In March 2009, Gao Weidong served as Chairman of Kimyang Construction Investment (Group) Ltd., Guiyang City, Guizhou Province, and later as Secretary-General of the Party, which is known to be the general contracting unit for the construction of infrastructure in Kim Yang Xin District, which was approved by the municipality of Guiyang, with the sole ownership of the State. In 2010, Gao Weidong returned to the Government as Director of the Guiyang City Transport Authority; a year later became a member of the Guyang City People's Government Party Group; a year later, he was Deputy Mayor of Guiyang City and Deputy Director of the Gui An New District Council of Guizhou. In October 2014, Gao Weidong's position was supplemented by the Deputy Secretary of the Labour Committee (which is responsible for managing the Standing Committee) and the Director of the Management Committee (legal representative) of the Economic Zone of the Twin Dragons in Guizhou. In February 2017, Gao Weidong served as secretary and deputy director of the party committee of the provincial transport office in Guizhou and as director of the office the following year. In March 2020, Gao Weidong returned to his business, and this time he was the party secretary and chairman of the limited liability company of the Maotai Liquor Factory (group) in Guizhou, China. In August 2021, Gao Weidong was transferred as a member and director of the Party Board of Coal Fields in Guizhou Province until his death. He's been in charge for 17 months. On 10 June 2020, the annual General Shareholders' Conference in Maotai, Guizhou, was the premiere of the General Shareholders' Conference 100 days after Goi Dong took office. According to China's online finance report, the shareholders meeting process was “reduced”, the Chairman's message was “two-hour reading”, the executives withdrew from the group, and the shareholders were removed from the inter-share and the small and medium-sized shareholders were not given the opportunity to ask questions. And the media reported that it was “an arrogant shareholder meeting.” During his tenure as Chairman of the Board, Mao Dai experienced a “donation door” wave. On 26 October 2020, Maotai, Guizhou, announced that it was proposed to donate up to 546 million yuan to the Xiaohua County Government for construction of Xuehua Avenue; 260 million yuan to Inhua City for construction of a sewage treatment plant; 20,000 Yuan to Guizhou Province, a subsidiary of the control company Yutai Wine Marketing Ltd.; and 12,000 Yuan to the Inhua City People's Government for construction of a wine fire disposal specialist team. However, the bulk of the donation prompted small and medium-sized shareholders to question the fact that more than 100 small and medium-sized shareholders had initiated a joint lawsuit in which they were considered to have contributed to the small and medium-sized shareholders without having been authorized by a general meeting of shareholders, in violation of the statute of the company. On 9 February 2021, Maotai, Guizhou, announced the termination of the above-mentioned four donations. Gao Weidong himself has also drawn the attention of the relevant authorities and received a warning letter. On December 16, 2020, at a national festivities association of the Guo Dai State Mao-sa-Sa-S- On 31 December 2020, the Shanghai Stock Exchange issued a circular stating that the Highguards themselves, through an illegal information disclosure channel, issued important information concerning the company's operations to the outside world, giving them regulatory attention. On the same day, the Guozhou Supervisory Authority of the Chinese Securities Supervisory Board also sent a warning letter to Gaobeidong. On 30 August 2021, the network of provincial governments in Guizhou issued a letter of appointment recommending that Gaobeidong no longer hold the position of Chairman of the Maotai Group, and Director of the Board of Directors in Guizhou. From the beginning of his term to the end of his term, Gao Weidong served only 17 months in the Maotai Group, making him the shortest of the chairpersons since he was listed in Maotai, Guizhou, in 2001. We've got a lot of kook-hoppers down here. He noted that since May 2019, when Yuan In-go, Chairman of the former Deputy Secretary of the Maotai Group and Chairman of the Board, was informed that the two sides had been opened, more than a dozen top executives of the Maotai Group and its subsidiaries had been investigated. From October to November 2019, the First Inspectorate of the State Council conducted a month-long tour of the Maotai Party Committee. On 24 April 2020, at the beginning of his tenure, the First Inspectorate of the State Council gave feedback to the Maotai Party Committee. According to the feedback, the Maotai Group has long eased political and ideological construction, there are gaps in the deployment of central and provincial council decisions, and much remains to be done to restore the political ecology. “Relationship breeding” is deeply rooted, “circle culture” is incoherent, selection irregularities are prominent, institutional overlaps are confusing, management is inefficient and grass-roots party building is weak. The `two responsibilities' of the ruling party are not fully in place, there is poor accountability for oversight, disciplinary irregularities are common, cases of corruption are high, and various types of supervision and inspection have found that the problem has not been addressed and that the eight provisions of the Central Act have been violated. At that time, the then Secretary of the Maotai Party and Chairman of the Board of Directors, Gao Weidong, expressed the need to strengthen the party's construction in a comprehensive manner by means of inspections and restructuring and to accelerate the formation of a political ecology and development environment that was “concrete and harmonious”. In July 2020, the website of the National Monitoring Committee of the Central Disciplinary Committee (NCMC) issued a communication stating that the problem of corruption in Mao Dai, “drinking on alcohol”, is clearly closely related to the culture of the local community, poor management, lack of awareness of cadres, and lack of commitment to pre-reform management, more importantly because of problems with the political ecology.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.



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Maotai's shortest-term chairman Gao Weidong fell from his horse and was named by the China Securities Regulatory Commission and the Shanghai Stock Exchange for disclosing information in violation of regulations


2022-05-13: [Article Link " I've never seen anything like it " " I've never seen it " On 13 May, the Guozhou Provincial Disciplinary Council Monitoring Committee reported that a member of the Party Committee and Chief of the Coal Field Geological Department of Guozhou, who was suspected of serious breaches of discipline, was currently under disciplinary review and inspection. The Political Knowledge Circle (WeChatID: wepolics) noted that Gaobeit had served as the former Chairman of the Maotai Group between March 2020 and August 2021 and that he had served for the shortest period of time since his appointment to the Council in Maotai, Guizhou, in 2001. I've been working in Guizhou for years. Gaobeidong, a Henan Dane born in November 1972, worked in July 1993 with a postgraduate degree and a master's degree in project management. According to his public history, Goidong studied in the Civil Construction Department of the Guizhou Institute of Engineering from 1990 to 1993. He has since joined the Environmental Protection Agency for the Planning and Construction of the Guiyang Economic and Technical Development Area in Guiyang Province, where he became Director-General in February 1999. In October 2000, Gao Weidong served as Deputy Governor of the Little River Region of Guiyang City, Guiyang Province, and Deputy Director of the Administrative Board of the Guiyang Economic and Technical Development Region; in 2006, Gao Weidong became the Party Secretary and Chairman of the Kim Yangxing District Development Company, Guiyang City, Guiyang Province, and Deputy Director of the Kimyang District Management Committee, Guiyang City. In March 2009, Gao Weidong served as Chairman of Kimyang Construction Investment (Group) Ltd., Guiyang City, Guizhou Province, and later as Secretary-General of the Party, which is known to be the general contracting unit for the construction of infrastructure in Kim Yang Xin District, which was approved by the municipality of Guiyang, with the sole ownership of the State. In 2010, Gao Weidong returned to the Government as Director of the Guiyang City Transport Authority; a year later became a member of the Guyang City People's Government Party Group; a year later, he was Deputy Mayor of Guiyang City and Deputy Director of the Gui An New District Council of Guizhou. In October 2014, Gao Weidong's position was supplemented by the Deputy Secretary of the Labour Committee (which is responsible for managing the Standing Committee) and the Director of the Management Committee (legal representative) of the Economic Zone of the Twin Dragons in Guizhou. In February 2017, Gao Weidong served as secretary and deputy director of the party committee of the provincial transport office in Guizhou and as director of the office the following year. In March 2020, Gao Weidong returned to his business, and this time he was the party secretary and chairman of the limited liability company of the Maotai Liquor Factory (group) in Guizhou, China. In August 2021, Gao Weidong was transferred as a member and director of the Party Board of Coal Fields in Guizhou Province until his death. He's been in charge for 17 months. On 10 June 2020, the annual General Shareholders' Conference in Maotai, Guizhou, was the premiere of the General Shareholders' Conference 100 days after Goi Dong took office. According to China's online finance report, the shareholders meeting process was “reduced”, the Chairman's message was “two-hour reading”, the executives withdrew from the group, and the shareholders were removed from the inter-share and the small and medium-sized shareholders were not given the opportunity to ask questions. And the media reported that it was “an arrogant shareholder meeting.” During his tenure as Chairman of the Board, Mao Dai experienced a “donation door” wave. On 26 October 2020, Maotai, Guizhou, announced that it was proposed to donate up to 546 million yuan to the Xiaohua County Government for construction of Xuehua Avenue; 260 million yuan to Inhua City for construction of a sewage treatment plant; 20,000 Yuan to Guizhou Province, a subsidiary of the control company Yutai Wine Marketing Ltd.; and 12,000 Yuan to the Inhua City People's Government for construction of a wine fire disposal specialist team. However, the bulk of the donation prompted small and medium-sized shareholders to question the fact that more than 100 small and medium-sized shareholders had initiated a joint lawsuit in which they were considered to have contributed to the small and medium-sized shareholders without having been authorized by a general meeting of shareholders, in violation of the statute of the company. On 9 February 2021, Maotai, Guizhou, announced the termination of the above-mentioned four donations. Gao Weidong himself has also drawn the attention of the relevant authorities and received a warning letter. On December 16, 2020, at a national festivities association of the Guo Dai State Mao-sa-Sa-S- On 31 December 2020, the Shanghai Stock Exchange issued a circular stating that the Highguards themselves, through an illegal information disclosure channel, issued important information concerning the company's operations to the outside world, giving them regulatory attention. On the same day, the Guozhou Supervisory Authority of the Chinese Securities Supervisory Board also sent a warning letter to Gaobeidong. On 30 August 2021, the network of provincial governments in Guizhou issued a letter of appointment recommending that Gaobeidong no longer hold the position of Chairman of the Maotai Group, and Director of the Board of Directors in Guizhou. From the beginning of his term to the end of his term, Gao Weidong served only 17 months in the Maotai Group, making him the shortest of the chairpersons since he was listed in Maotai, Guizhou, in 2001. We've got a lot of kook-hoppers down here. He noted that since May 2019, when Yuan In-go, Chairman of the former Deputy Secretary of the Maotai Group and Chairman of the Board, was informed that the two sides had been opened, more than a dozen top executives of the Maotai Group and its subsidiaries had been investigated. From October to November 2019, the First Inspectorate of the State Council conducted a month-long tour of the Maotai Party Committee. On 24 April 2020, at the beginning of his tenure, the First Inspectorate of the State Council gave feedback to the Maotai Party Committee. According to the feedback, the Maotai Group has long eased political and ideological construction, there are gaps in the deployment of central and provincial council decisions, and much remains to be done to restore the political ecology. “Relationship breeding” is deeply rooted, “circle culture” is incoherent, selection irregularities are prominent, institutional overlaps are confusing, management is inefficient and grass-roots party building is weak. The `two responsibilities' of the ruling party are not fully in place, there is poor accountability for oversight, disciplinary irregularities are common, cases of corruption are high, and various types of supervision and inspection have found that the problem has not been addressed and that the eight provisions of the Central Act have been violated. At that time, the then Secretary of the Maotai Party and Chairman of the Board of Directors, Gao Weidong, expressed the need to strengthen the party's construction in a comprehensive manner by means of inspections and restructuring and to accelerate the formation of a political ecology and development environment that was “concrete and harmonious”. In July 2020, the website of the National Monitoring Committee of the Central Disciplinary Committee (NCMC) issued a communication stating that the problem of corruption in Mao Dai, “drinking on alcohol”, is clearly closely related to the culture of the local community, poor management, lack of awareness of cadres, and lack of commitment to pre-reform management, more importantly because of problems with the political ecology.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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