Wuliangye's Chairman of the Board has been detained and an announcement has been made.

Wuliangye Announcement: The company recently received the "Notice of Filing" from the Discipline Inspection Commission of the Communist Party of China and the Supervision Commission of Yibin City regarding the company's chairman Zeng Qinquan, as well as the "Detention Notice" from the Supervision Commission of Yibin City. As of the date of this announcement, the company's other directors and senior management are all performing their duties normally, and the production and operation situation is normal. The company has made proper arrangements for the relevant matters, with daily operations managed by the senior management team, and the above-mentioned issues will not have a significant impact on the company's production and operation.