In order to adapt to the development of market economy and establish a sound modern enterprise management system, according to the spirit of "the Central Committee of the Communist Party of China the State Council's Decision on the Reform of State-owned Enterprises",1In August, 1997, Shenzhen Group Co., Ltd. and Dong Distillery reorganized their assets, implemented the company system reform, and invested more than 30 million yuan. With advanced management experience and good operation mechanism, Guizhou Zunyi Dongjiu (Group) Co., Ltd. was established and expanded nationwide.
1999, Ye Zhen Group reached an agreement with Honghuagang District, Zunyi City, and changed from merger to equity participation, with a capital injection of 32 million yuan, holding 40% shares. Together with several small shareholders such as Dong Distillery, it is standardized as a new joint-stock enterprise. In May, 2000, Guizhou Ye Zhen Dongjiu Co., Ltd. re-registered in Guizhou Provincial Administration for Industry and Commerce, and established a corporate governance structure, which initially made the enterprise have the characteristics of a modern enterprise. 20011/On October 25th, Ye Zhen Dongjiu (Group) Co., Ltd. in Zunyi, Guizhou was officially renamed as Ye Zhen Dongjiu Co., Ltd., but this reform did not enliven Dongjiu Company from the management system and operation mechanism, and some deep-seated contradictions were not fundamentally solved. In September 2004, with the unremitting efforts of governments at all levels, the restructuring of Dongjiu Company was fully launched. By April 2005, the restructuring was basically over and more than 2,000 employees were resettled. In May 2005, Dongjiu Company successfully completed the equity restructuring.
In April 2007, Dongjiu completed the equity change again and established Guizhou Dongjiu Co., Ltd. So far, Dongjiu Company has been transformed into a joint-stock enterprise with modern corporate governance structure, operating in full accordance with the market economy.