Moutai Group: Secretary of the Board of Directors Jiang Yan placed under disciplinary investigation.

Guizhou Maotai announcement: On March 13, 2026, the company received a notice from the Zunyi City Supervision Committee regarding the detention of Jiang Yan, a member of the company's Party Committee, Deputy General Manager, Chief Financial Officer, and Secretary of the Board of Directors. The company strictly operates in accordance with laws, regulations, normative documents such as the Company Law, Securities Law, Corporate Governance Guidelines for Listed Companies, and the Company's Articles of Association. The directors and other senior management of the company are performing their duties normally, and production and operation are proceeding in an orderly manner. The announcement will not have a significant impact on the company's production and operation management. Currently, the Chairman of the Board of Directors, Chen Hua, is performing the duties of the Board Secretary.