On the evening of December 25, TSINGTAO BREW Co., Ltd. announced that the company's chairman, Huang Kexing, submitted his resignation due to reaching retirement age. In addition, it was learned on December 26 that former General Manager of Peking Hongxing Co., Ltd., Xiao Weiwu, left for personal reasons and will take up the position of General Manager at Henan Baofeng Distillery. Since the beginning of this year, the domestic Beer industry has entered a deep transformation and adjustment period, and frequent executive changes have become a hot topic in the Industry. According to incomplete statistics from Securities Daily, as of December 27, more than 20 beer companies have announced executive adjustments this year. "There are multiple considerations for beer companies adjusting their personnel structure. On one hand, the establishment of new organizational structures and management teams can activate new networks and build new ecosystems. On the other hand, the new organizational structure and management team will also attempt to solve the company's chronic problems by adjusting market strategies, raising product prices, and updating product lines," said Ouyang Qianli, secretary-general of the Beer branch of the Shandong Individual Private Enterprise Association in an interview. (Securities Daily)