BOARD OF DIRECTORS
Our Board of Directors is the primary decision-making body of our Company, setting fundamental business strategies and policies for the management and operation of our business and monitoring their implementation.
Our Board currently consists of nine Directors, comprising four executive Directors, two non-executive Directors and three independent non-executive Directors.
Executive Directors
Mr. LIU Yunqiang (劉運強)
Mr. Liu was appointed as an executive Director on 3 February 2026 and the Chairman of the Board and chief executive officer of the Company (the “Chief Executive Officer”) on 24 February 2026. Mr. Liu has over 26 years of experience in financial management, retail operations, and corporate comprehensive management. He joined 1919 Wines & Spirits Platform Technology Co., Ltd. (“1919”, together with its subsidiaries, “1919 Group”) in October 2017, serving in various senior management positions. 1919 is an online wine and spirits retail platform company that was listed on the National Equities Exchange and Quotations (stock code: 830993) in the PRC from August 2014 to April 2023. Mr. Liu also served as a director of 1919 from April 2020 to December 2021. Following his resignation in December 2024, he rejoined 1919 in August 2025 and is currently the general manager of the South China regional division.
Prior to his tenure at 1919, Mr. Liu worked at Guangzhou Zhengda Makro (Jiajing) Co. Ltd.* (廣州正大萬客隆(佳景)有限公司) (currently known as “Guangzhou Lotus Supermarket Chain Store Co., Ltd” (廣州易初蓮花連鎖超市有限公司)), from July 1999 to March 2007. He subsequently worked at Suning.com Group Co. Ltd. (蘇寧易購集團有限公司) from April 2007 to September 2017.
Mr. Liu obtained a Degree of Bachelor of Economics in Accounting from Jinan University in Guangzhou in June 1990 and a Master of Business Administration from Murdoch University in Australia in March 2000.
Ms. CHAN Judy (陳芳)
Ms. Chan was appointed as an executive Director on 14 February 2012. She is a member of the remuneration committee (“Remuneration Committee”) of the Company. She first joined the Group in June 2002 as a director of Shanxi Grace Vineyard Co. Ltd.* (山西怡園酒莊有限公司) (“Shanxi Grace Vineyard”). She is primarily responsible for overseeing the general management and business development and formulates the business strategies and policies for the business management and operations of the Group.
Ms. Chan has over 20 years of experience in the wine making industry. Prior to joining the Group, from March 2000 to November 2001, Ms. Chan worked as an analyst at Goldman Sachs (Asia) L.L.C., in Hong Kong. Ms. Chan was an independent non-executive director of Sing Tao News Corporation Limited (SEHK: 1105) (principally engaged in media operations) from February 2014 to June 2021.
Ms. Chan graduated from the University of Michigan in the United States with a bachelor’s degree in psychology, women’s studies and organisational studies in December 1999. Ms. Chan was awarded “Entrepreneur of the Year China 2010” under the category of Hong Kong/Macau Region Emerging Entrepreneur of the Year by Ernst & Young in 2010. Ms. Chan was also awarded “Asia Wine Personality of the Year 2012” by The Drink Business magazine and the Institute & Masters of Wine in 2012. She was named as one of “China’s 25 Most Influential Businesswomen” by Fortune China magazine in November 2012 and one of the “50 Most Influential Women in the Wine Industry” by The Drink Business magazine in December 2012. Additionally, she was named as one of the “Future Women in the Mix in Asia: 12 to Watch” by Forbes Asia and a “Young Global Leader” by the World Economic Forum in March 2013. She was also named one of the 50 most important people in “The Decanter Power List 2013” published by the Decanter in July 2013. Ms. Chan was named as one of the “2014 Most Innovative Women in Food and Drink” by Fortune magazine and Food & Wine magazine in September 2014. In 2022, she was awarded the Greater China Enterprise Achievement Award at the 4th Golden Bauhinia Women Entrepreneur Awards.
Ms. Chan was a member of the 9th to 12th Session the Chinese People’s Political Consultative Conference of Shanxi Province (中國人民政治協商會議第九屆至第十二屆山西省委員會委員) from May 2005 to January 2023. She has been appointed as a member of the Shanxi Qiaolian (山西僑聯委員) since March 2013. Ms. Chan has also been a director of the board of trustees of Huaqiao University (華僑大學董事會董事) since November 2014 and an honorary chairlady of the First Session of the Huaqiao University Youth Federation (華僑大學青年聯合會第一屆名譽主席) since October 2013.
Mr. ZHAO Mingjun (趙明君)
Mr. Zhao was appointed as an executive Director on 3 February 2026. He has over 16 years of experience in the PRC liquor industry. He joined 1919 in October 2016 and has since held various senior management positions within 1919 Group. He currently serves as the general manager of Northern China, Northern-west regional divisions and is responsible for the Qingxiang Baijiu business.
From August 2011 to July 2014, Mr. Zhao Mingjun served as general manager of Inner Mongolia Aochun Winery Co. Ltd* (內蒙古奧淳酒業有限責任公司), where he was responsible for overall operations and management. From March 2009 to August 2011, he served as the national sales management director at Heilongjiang Shuangcheng Suntory Liquor Co. Ltd.* (黑龍江省雙城市三得利酒業有限責任公司) (currently known as “Heilongjiang Longjiang Jiayuan Liquor Industry Co., Ltd.”* (黑龍江省龍江家園酒業有限公司)). From September 1995 to March 2009, Mr. Zhao Mingjun worked in Inner Mongolia Yili Industrial Group.
Mr. Zhao Mingjun completed the full curriculum in Mathematics Education and Computer Applications in the Department of Mathematics at Baotou Teachers College* (包頭師範專科學校) (currently known as “Baotou Normal College, Inner Mongolia University of Science & Technology” (內蒙古科技大學包頭師範學院)) in July 1995 and obtained an Executive Master of Business Administration from Inner Mongolia University in March 2013.
Ms. XIONG Xia (熊霞)
Ms. XIONG was appointed as an executive Director on 3 February 2026. She is a member of the nomination committee (“Nomination Committee”) of the Company. She has over 17 years of experience in the PRC liquor industry. She joined 1919 in March 2008 and has since held various senior management positions within 1919 Group. She has served as a director of 1919 since July 2022 and is currently the chief executive officer of 1919.
Ms. Xiong attended (i) the Advanced Executive Seminar on Retail and E-commerce (零售與電子商務高級總裁研修班) from July 2013 to November 2014 at School of Continuing Education of Tsinghua University and (ii) the Tsinghua-Alibaba New Commerce School Program (清華－阿里新商業學堂項目) from July 2019 to March 2021 at the School of Economics and Management of Tsinghua University. She was awarded the title of “2021–2022 Most Contributory Female Leader of China’s Wine & Spirits Industry”* (2021–2022年度中國酒業最具貢獻力女性領導者) by the Women Entrepreneurs Branch of the China Nonstaple Food Circulation Association* (中國副食流通協會女企業家分會) and The Graceful Collective* (芳樽薈) in February 2023, and was awarded “Outstanding Manager in the Liquor Retail Chain Industry for 2021–2023”* (2021–2023年度酒類零售連鎖行業優秀經理人) by the China National Association for Liquor and Spirits Circulation in May 2024.
Non-executive Directors
Dr. CHEUNG Chai Hong (張際航)
Dr. Cheung was appointed as a non-executive Director on 28 May 2021. He is primarily responsible for advising the Company on issues of strategy, policy, performance, accountability, resources, key appointments and standard of conduct.
Dr. Cheung was the executive director of China Financial Services Holdings Limited (SEHK: 605) from May 2014 to December 2022. Prior to that, he was the managing director of POC Holdings (HK) Limited, a leading authorised automobile dealership for Mercedes Benz and Jaguar Land Rover in the southwestern region of China. Dr. Cheung is also a director and leading founder of The Wine Company, a fine wine retail and trading company in Hong Kong founded in 2010. Dr. Cheung previously worked in PAG Capital, focusing on private equity investments in the retail and consumer sector in Greater China. Prior to PAG Capital, he also worked in Barclays Capital and focused on equity research in the retail and consumer sector.
Dr. Cheung holds a bachelor’s degree from the University of Warwick in the United Kingdom, a master’s degree from the London School of Economics and Political Science in the United Kingdom and a PhD degree from the China University of Political Science and Law in China.
Mr. ZHAO Guodong (趙國東)
Mr. Zhao Mingjun was appointed as an executive Director on 3 February 2026. He is a member of the audit committee (“Audit Committee”) of the Company. He has over 20 years of experience in corporate financial management, integrated operations, and strategy execution. He joined 1919 in 2018 and has since held several senior management positions, including chief financial officer, executive general manager, and chief executive officer. He is currently serving as a director since April 2020.
Prior to joining 1919, Mr. Zhao Guodong served in Jiuhe Co., Ltd. (九禾股份有限公司) from April 2004 to April 2014, and served as deputy general manager and chief financial officer in Tibet Qinyuan Industrial Co., Ltd.* (西藏沁園實業有限公司) from April 2014 to April 2018.
Mr. Zhao Guodong obtained a bachelor’s degree in Management in Accounting from Lanzhou Railway Institute in July 2000. He obtained the Certified Public Accountant qualification in April 2009 and the legal profession qualification in March 2018.
Independent Non-executive Directors
Mr. LEUNG Ming Shu (梁銘樞)
Mr. Leung was appointed as an executive Director on 3 February 2026. He is the chairman of the Audit Committee, the members of the Remuneration Committee and the Nomination Committee. He has over 28 years of experience in corporate finance and accounting. He is the founder of Harmony Capital Management Company Limited and has served as the founding director since June 2017. Mr. Leung joined 58.com Group in April 2021 and is currently the chief financial officer and the corporate venture fund managing partner.
Mr. Leung has been serving as an independent non-executive director of (i) Sun.King Technology Group Limited, a listed company on the Stock Exchange (stock code: 580), since March 2017; (ii) Renrui Human Resources Technology Holdings Limited, a listed company on the Stock Exchange (stock code: 6919), since November 2019; (iii) Cabbeen Fashion Limited, a listed company on the Stock Exchange (stock code: 2030), since February 2013; and (iv) Infinities Technology International (Cayman) Holding Limited, a listed company on the Stock Exchange (stock code: 1961), since May 2022; and has been serving as a non-executive director of GOGOX HOLDINGS LIMITED, a listed company on the Stock Exchange (stock code: 2246), since July 2021. Prior to that, Mr. Leung served as an independent non-executive director at Comtec Solar Systems Group Limited, a listed company on the Stock Exchange (stock code: 712), from June 2008 to February 2021; Shengli Oil & Gas Pipe Holdings Limited, a listed company on the Stock Exchange (stock code: 1080), from January 2011 to April 2013; and Gala Technology Holding Limited, a listed company on the Stock Exchange (stock code: 2458), from December 2022 to June 2025.
Mr. Leung obtained his Bachelor of Arts Degree in Accountancy from the City University of Hong Kong with First Class Honours in June 1998 and a Master’s Degree in Accountancy from the Chinese University of Hong Kong in November 2001. He is a fellow member of the Association of Chartered Certified Accountants since March 2007 and a fellow member of The Hong Kong Institute of Certified Public Accountants since June 2010.
Dr. WANG Renrong (王仁榮)
Dr. Wang was appointed as an executive Director on 3 February 2026. He is the chairman of the Remuneration Committee, the members of the Audit Committee and the Nomination Committee. He has over 28 years of experience in the fast-moving consumer goods industry, with extensive expertise in legal, corporate affairs, investment and mergers and acquisitions.
Dr. Wang is an independent non-executive director of Helens International Holdings Company Limited, a company listed on the Stock Exchange (stock code: 6536) and the Singapore Stock Exchange (stock code: HLS). He was appointed as the chairman of Beijing Zhongjiu Huicui Exhibition Co., Ltd.* (北京中酒薈萃展覽有限公司) in August 2021. Prior to his resignation in February 2021, Dr. Wang was the chairman of Anheuser-Busch InBev (China) Co., Ltd. (百威投資(中國)限公司) from February 2019 to December 2020 and was the executive director and general counsel of Budweiser APAC Brewing Company Limited, a company listed on the Stock Exchange (stock code: 1876), from May 2019 to May 2020. Dr. Wang served as a director of Guangzhou Zhujiang Brewery Co., Ltd. (廣州珠江啤酒股份有限公司), a company listed on the Shenzhen Stock Exchange (stock code: 002461) from June 2009 to June 2020. Between March 2001 and October 2003, Dr. Wang worked in Colgate-Palmolive (China) Co., Ltd (高露潔棕欖(中國)有限公司). From August 2000 to March 2001, he worked in Swire Guangdong Coca-Cola Limited (廣東太古可口可樂有限公司). From July 1997 to July 2000, he worked in Avon Products (China) Co., Ltd. (雅芳(中國)有限公司).
Dr. Wang obtained a bachelor’s degree in Philosophy from Nanjing University (南京大學) in the PRC in July 1989 and a master’s degree in Law from KU Leuven in Belgium in July 2008. He also obtained a PhD in Law from Fudan University (復旦大學) in the PRC in June 2012. He obtained the legal profession qualification in September 1995.
Dr. Xu Yan (徐岩)
Dr. Xu was appointed as an executive Director on 3 February 2026. He is the chairman of the Nomination Committee, the members of the Audit Committee and the Remuneration Committee. He is an academic and industry expert with over 23 years of experience in fermentation engineering, bioengineering, and beverage industry development.
Dr. Xu served as a professor at Jiangnan University in August 2002 and was appointed as the vice president of Jiangnan University since November 2010. Dr. Xu is currently serving as an independent director of (i) CIMC Liquid Process Technology Co., Ltd. (中集安瑞醇科技股份有限公司), a company listed on the National Equities Exchange and Quotations (stock code: 872914) since October 2022; (ii) Anhui Kouzi Distillery Co., Ltd. (安徽口子酒業股份有限公司), a company listed on the Shanghai Stock Exchange (stock code: 603589) since May 2023; and (iii) Yantai Changyu Pioneer Wine Company Limited (煙台張裕葡萄釀酒股份有限公司), a company listed on the Shenzhen Stock Exchange (stock code: 603589) since April 2025. Dr. Xu served as an independent director of Wayzim Technology Co., Ltd (中科微至科技股份有限公司), a company listed on the Shanghai Stock Exchange (stock code: 688211) from May 2023 to April 2025.
Dr. Xu obtained a PhD in Fermentation Engineering from Wuxi University of Light Industry (無錫輕工大學) (currently known as “Jiangnan University” (江南大學)) in January 1998. In December 2013, Dr. Xu received the National Technology Invention Second Prize for “New Technology and Application of Solid-State Fermentation Baijiu Production Based on Flavor Orientation”* (基於風味導向的固態發酵白酒生產新技術及應用). Dr. Xu is elected fellow in the Agricultural & Food Chemistry Division of the American Chemical Society in 2019. In December 2018, Xu Yan, as one of the co-inventors, was awarded the China Patent Silver Prize by the National Intellectual Property Administration, the PRC.