According to the Guizhou Provincial People's Government website on October 27, the Guizhou Provincial People's Government has approved the recommendation of Chen Hua as a candidate for Director and Chairman of China Kweichow Moutai Distillery (Group) Co., Ltd. and Kweichow Moutai Co., Ltd. It is also recommended that Zhang Deqin cease his positions as Chairman and Director of China Kweichow Moutai Distillery (Group) Co., Ltd. and Kweichow Moutai Co., Ltd. These personnel adjustments will be handled in accordance with the Company Law of the People's Republic of China and relevant regulations and procedures.