On February 23, the website of the Beijing Securities Regulatory Bureau published a decision on administrative supervision measures to issue warning letters against Beijing Yanjing Brewery Co., Ltd., Liu Jingwei, and Xu Yuexiang. On April 28, 2022, the company disclosed the “Independent Director Nominee Statement”, item 35 of which is “I have not worked as a director, supervisor, or senior manager at more than five companies at the same time, including the company”. The declarant Liu Jingwei guarantees that the statement is true, accurate, complete, and that there are no false records, misleading statements or material omissions. After investigation, there were more than five companies where Liu Jingwei was simultaneously a director, supervisor, or senior manager. The company did not fully check the relevant positions of independent directors, and the content of the “Independent Director Nominee Statement” announced to the outside world did not match the facts. According to regulations, Xu Yuexiang, as the secretary of the board of directors at the time, is mainly responsible for the company's irregularities. According to regulations, the Beijing Securities Regulatory Bureau decided to take administrative supervision measures to issue warning letters against the company, Liu Jingwei, and Xu Yuexiang, and record the relevant information in the securities and futures market integrity file.