Gao Weidong, chairman of Guizhou Maotai, was concerned by the regulatory authorities for disclosing such information in violation of regulations

On the 31st, the Shanghai Stock Exchange disclosed the decision on supervising and paying attention to Gao Weidong, the then chairman of Guizhou Maotai Liquor Co., Ltd. Due to the release of important information related to the company’s operation through non statutory information disclosure channels, the Shanghai Stock Exchange paid close attention to the supervision of Gao Weidong, then chairman of Guizhou Maotai. < p > < p > according to the investigation of Shanghai Stock Exchange, Guizhou Maotai Liquor Co., Ltd. (hereinafter referred to as Guizhou Maotai or the company) will hold the national dealers’ Association of Maotai Maotai Maotai series liquor in 2020 on December 16, 2020. At the meeting, Gao Weidong said that in 2020, the company is expected to achieve sales of 29500 tons of Maotai flavor liquor series and realize sales including tax of 10.6 billion yuan, a year-on-year increase of 4%. At the same time, a number of media reports on the meeting content, causing widespread concern of the market and investors.

Shanghai Stock Exchange pointed out that recently, Baijiu listed companies have been widely concerned by investors and the media. The production and sales of related companies and performance information are hot topics of great concern to the market, which may have a greater impact on the company’s stock trading and investor decision-making. As the then chairman of the company, Gao Weidong released important information related to the company’s operation through non statutory information disclosure channels. The above behavior violated the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the commitments made in the statement and commitment of directors (supervisors and senior managers). < / P > < p > in view of the above facts and circumstances of violation, according to relevant regulations, the Shanghai Stock Exchange paid close attention to the supervision of Gao Weidong, then chairman of Guizhou Maotai Liquor Co., Ltd. < p > < p > according to the requirements of Shanghai Stock Exchange, the directors, supervisors and senior managers of the company should take warning, earnestly perform their duties of loyalty and diligence, and conscientiously cooperate with the listed companies to perform their duties of information disclosure in strict accordance with the laws, regulations and the “stock Listing Rules”, so as to ensure the timely, fair, true, accurate and complete disclosure of all major information. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.