Laobaiganjiu Chairman Voluntarily 'Gives Up Re-election': Term Exceeded 10 Years, Announced as Director Candidate Only Half a Month Ago
Following its weakest performance in five years, the chairman of LaobaiGAN wine company, Liu Yanlong, has requested not to be considered for the new board of directors. This decision comes after he was announced as a candidate for the board just two weeks prior. The company's shareholder meeting, originally scheduled for May 15th, has been postponed to May 19th, amidst concerns over its financial activities, which show a significant negative cash flow from operations despite reported profits. AI