China Tontine Wines appoints New President
Extensive industry experience facilitates market expansion strategy
(Hong Kong, 3 May 2011) – China Tontine Wines Group Limited ("Tontine Wines" or the "Group", stock code: 0389), one of the largest sweet grape wine producers in the PRC, today announced that Mr. Wang Xiaoming, aged 42, has joined the Group and been appointed as president with effect from 1 May 2011. Mr. Wang is responsible for the Group’s overall sales and operation in the mainland.
Mr. Wang Xiaoming has accumulated more than 10 years of extensive industry experience in product sales and planning, marketing and corporate operations and management within PRC domestic wine
industry.
Before joining the Group, Mr. Wang Xiaoming was the Chairman of Beijing Zhongbang Tianhua Investment Advisory Company Limited (北京中邦天华投资顾问有限公司) which is primarily engaged in both investment and consultancy businesses. He oversaw the overall operations of the company and was responsible for devising its business strategies, as well as identifying, arranging and monitoring its strategic investments in wine-related business. He had also served as the Managing Director of Tonhwa Winery Limited (通化葡萄酒股份有限公司), a subsidiary of Macrolink Group (新华聊集团) ("Macrolink") and held important positions in Jinliufu Wine Company Limited (金六福酒业有限公司) ("Jinliufu"), the wholly-owned subsidiary of Macrolink, including the Head of Marketing Department, Liaoning Jinliufu, the Deputy General Manager of Jinliufu and the General Manager of Shandong Jinliufu, the Executive Deputy General Manager of the head office of Jinliufu and the Director of Sales and Marketing of the National Marketing Department of Jinliufu. His previous positions have provided him with abundant working experience in the wine industry as well as market insights. In addition, Mr. Wang served as the Executive Director of Macrolink from December 2002 to May 2009.
Mr. Wang Xiaoming has also received several awards from the industry, including the "Top Ten New Businessmen" (「十大创业新锐奖」) by Contemporary Manager magazine (当代经理人新志) in July 2006 and the "Outstanding Contribution to Grape and Wine Industries Award" (「葡萄与葡萄酒行也杰出贡献奖」) jointly by China Winery Industry Association Grape Wine Sub-branch (中国酿酒工业协会葡萄酒分会) and China Agriculture Association Grape Sub-branch (中国农学葡萄分会) in June 2006, reflecting that Mr. Wang has played an influential role in the wine industry and his outstanding achievement is highly recognized.
On top of his abundant industry experience, Mr. Wang was appointed as a MBA tutor for its MBA program (with an emphasis on sales and marketing) by the Graduate School of the Chinese Academy of
Sciences (中国科学院研究生院). He is a senior economist in economic management.
Mr. Wang Guangyuan, Chairman and Chief Executive Officer of Tontine Wines, said, "We are pleased to have Mr. Wang Xiaoming join our leadership team as this will give additional impetus to the
business development of Tontine Wines. With his in-depth knowledge in PRC wine industry, rich experience in corporate operational management, marketing and sales and the same corporate value and perspective that he shares with Tontine Wines, we believe that Tontine Wines will continue its robust growth in China’s rapidly growing market and deliver a stronger performance".
Mr. Wang Xiaoming, President of Tontine Wines, said, "I am greatly honoured to join Tontine Wines which is with strong growth potential. Favourable economic conditions and huge consumption demand in China has presented enormous market opportunities for Tontine Wines. Facing such favourable opportunities, I will strive my best to lead Tontine Wines to seize these opportunities by increasing its competiveness through enhancing our product portfolio, expanding our sales channels, enlarging our market share on the basis of our present strong foundation and ultimately generate maximum returns to all shareholders and investors of the Group".