Yuan Renguo was sentenced by the Intermediate People's Court in Guiyang, the capital of the southwestern province of Guizhou, for accepting cash and properties worth more than 112.9 million yuan ($17.48 million) while working at Kweichow Moutai between 1994 and 2018, the report said.

Kweichow Moutai, China's largest company by market capitalisation, has seen its shares tumble more than 20% this quarter, hit by investor jitters over regulatory clampdowns.

($1 = 6.4590 Chinese yuan)

(Reporting by Andrew Galbraith; editing by Richard Pullin)