He resigned as Executive Director and President of Tsingtao Brewery, having reached the statutory retirement age

On February 26, 2020, the municipal government decided to remove the president of Tsingtao Brewery Co., Ltdand the director of Tsingtao Brewery Group (Shares) Co., LtdIn this regard, Tsingtao beer staff reply to Tsingtao News Network reporter, Wei Wei for the normal age of retirement.Wei resigned as director and president of Tsingtao Brewery Company due to the statutory retirement ageFebruary 28, Tsingtao Brewery Co., Ltdannounced that, as the current Executive Director, MrWei Wei has reached the statutory retirement age, from February 28, 2020, MrWei will resign as the company's executive director and president.the Company's Board of Directors would like to express his sincere gratitude to MrWei for his contribution to the growth and growth of Tsingtao Brewery during his tenure.the resignation of Tsingtao Beer Co., Ltdand presidentTsingtao Brewery (HK:00168) announced that the Board of Directors of the Company announced that, as the current Executive Director Wei Wei has reached the statutory retirement age, from February 28, 2020, Wei Wei will resign as executive director and president of Tsingtao Brewery Co., Ltd.data show that Wei Wei was born in 1960, graduated from Jiangnan University with a master's degree, and was an application researcher in the engineering seriesHe was the deputy director and chief engineer of Tsingtao Brewery II, and the chief brewer of the company.before Tsingtao Beer's three-quarter report showed that beer sales in the first three quarters of 2019 were 71.95 million liters, revenue was 24.9 billion yuan, up 5.31% YoY, and net profit was 2.59 billion yuan, up 23.15% YoY, with net profit in the first three quarters of the year at a record high.Tsingtao Beer reported in the third quarter of 2019 that during the reporting period, Tsingtao Beer continued to improve its position of medium and high-end brands, continuously promote product structure optimization and upgrading, and continued to maintain the competitive advantage of the domestic beer in the high-end product market This also makes Tsingtao beer in the development of the industry to find a different path, sales continue to grow steadily. Tsingtao Beer exchange president suspected of letter-and-letter violations, why a share announcement delayed? , China Network Finance, February 28, the Qingdao Municipal Government's official website out of a "notice on the dismissal of Wei Wei." According to the notice, the Qingdao municipal government decided to remove the president of Tsingtao Brewery Co., Ltd and the director of Tsingtao Brewery Group (shares) Co., Ltd. the following evening, the Hong Kong Stock Exchange also issued a notice of Mr Wei's resignation Tsingtao Brewery Co., Ltd (HK:00168) announced that the company's board of directors announced that, as the current Executive Director, Yu Wei, has reached the statutory retirement age, from February 28, 2020, Wei will resign as executive director and president of Tsingtao Brewery Co., Ltd ("Tsingtao Beer")," there is nothing wrong with the two documents at first glance, but a closer look at the "hidden mystery". first of all, the government notice appeared in the word "Tsingtao Brewery Group (Shares) Co., Ltd.", according to SkyEye, and Tsingtao Beer financial results show that there is no such company. second, compared with the announcement disclosed by the Hong Kong Stock Exchange that evening, Mr Wei resigned as executive director and president of Tsingtao Brewery Co., Ltd In the Qingdao municipal government notice, Wei Wei was removed from the company's president, the group director Two important documents, true or false? the inside information to preempt the outflow, "A-share" announcement has been delayed is puzzling, the government notice has been issued first, Wei Wei president's post was removed, but also has been a lot of media out, Tsingtao beer official announcement why delayed? so, China Net Liquor industry dialed the Tsingtao Beer Board Secretary's Office of the telephone, the company's secretary said that "the relevant documents have been drafted, the process has been completed, Sunday (March 1) evening can be hung out in the A-share." In accordance with Article 3 of the Measures for the Administration of Information Disclosure of Listed Companies, the issuer, the directors, supervisors and senior managers of the listed company shall faithfully and diligently perform their duties to ensure that the information disclosed is true, accurate, complete, timely and fair. At the same time, according to Article 30, the change of directors of a listed company is a major event that may have a greater impact on the trading priceof the securities of the listed company and its derivatives, and when the investor has not been informed, the listed company shall immediately disclose the cause of the event, the current state and the possible impact. why can't Tsingtao Beer disclose it in time? explained to the Tsingtao Beer Office, "We are dealing with the matter all afternoon today, our disclosure day is based on the box, on the exchange system, by their unified issue, and because today is Friday, the Shanghai Stock Exchange has been closed." "But it is understood that the evening, Yanghe shares normally issued a performance report, gold seeds also issued a major personnel announcement, of course, there are other more listed companies issued a normal announcement. the key question is that the announcement has not been disclosed, qingdao municipal government issued before the closing of A-shares and Hong Kong stocks, Wei Wei dismissal notice, is it compliant? on this, Shanghai Chongyuan Law Firm senior partner, lawyer Xu Feng told China Net Liquor, "the appointment and removal of the president of a listed company belongs to inside information, if the listed company has no announcement, other channels can not disclose and appoint first, information disclosure is suspected of inside information leakage, corporate governance, the company president needs to be appointed by the board of directors, even if the appointment of superiors, should be appointed after the appointment, must go ahead with the appointment process of the government system, then should do a good job of confidentiality " shares of Tsingtao Beer A fell 2.38 per cent to rmb42.7 throughout the day, while H shares fell 4.71 per cent to HK$40.5. also states clearly in accordance with Article 4 of the Measures for the Administration of Information Disclosure of Listed Companies that no insider may disclose or disclose the information before the disclosure of the inside information according to law, nor may the information be used for insider trading. according to the data, as early as 2007, Tsingtao Beer because the articles of association did not further revise and improve in accordance with the relevant regulations and regulations to improve and establish a compliance mechanism for senior management personnel, Qingdao Securities Regulatory Bureau ordered rectification. Yu Wei resigned, fugalaxy according to tsingtao beer (HK:00168) in the Hong Kong Stock Exchange announced that Wei Wei has reached the statutory retirement age, from February 28, 2020, Wei Wei will resign from Tsingtao Brewery Co., Ltd executive director and president. announcement that Mr Wei himself has confirmed that he has no differences of opinion with the Board of Directors and that no matters relating to his resignation need to be brought to the attention of the shareholders of the Company. according to information, Yan Wei was born in 1960 (at the request of Tsingtao Beer, Wei Wei's date of birth changed to 1959), Jiangnan University graduated from a master's degree, engineering series of applied researchers He was the deputy director and chief engineer of Tsingtao Brewery II, and the chief brewer of the company With rich production, scientific research and technical management experience, Qingdao city professional and technical top talent, the State Council special allowance experts. according to the "State Council on the resettlement of the elderly, the sick and disabled cadres" and "the State Council on the temporary measures for the retirement and retirement of workers" documents stipulated in the current retirement age is 60 years old for men, 55 years for female cadres, 50 years for female workers He is indeed at retirement age. it is understood that in mid-May 2018, Wei Wei began to serve as president of Tsingtao Brewery Co., Ltd., less than two years after taking office. as early as August 1, 2019, wei's position has changed, according to Tsingtao Brewery held the 9th board of directors in 2019 the third interim meeting of the meeting to approve wei will not continue to serve as the company's manufacturing president and chief brewer. , on the same day, Tsingtao Beer also issued a motion to elect ShiShito as a non-executive director of the 9th Board of Directors and an announcement on the amendment of the articles of association According to the announcement, Shi has served as Deputy General Manager of fosy Group Brand Marketing Department, General Manager of the Office of the President of Fosun Real Estate Holdings, General Manager of Overseas Asset Management Department, Assistant President, and Vice President of Yuyuan Shares. it is understood that in December 2017, Fosun Group acquired the shares of Tsingtao Beer held by Asahi For a total of HK$6.617 billion (RMB5.54 billion), making it the second largest shareholder of Tsingtao Beer, after Tsingtao Brewery Group This time into the Tsingtao Beer Board of stone, is undoubtedly the representative of the complex galaxy. Source: China Net Finance