Wuliangye, as a leading enterprise in the liquor industry in China, is a large state-owned enterprise with liquor industry as its main business and diversified management. The two major shareholders of Wuliangye are Yibin State-owned Assets Management Co., Ltd., holding 49. 15%, and Sichuan Yibin Wuliangye Company, holding 19%, which is a state-owned legal person share.