Moutai executive responds to "Moutai will use spokesperson rumors": the listed company has no relevant considerations.

On May 12, Maotai Group held a performance briefing for the year 2024 and the first quarter of 2025. During the meeting, an investor asked whether Maotai Group would continue to use endorsers after going public. Jiang Yan, member of the Party Committee of Maotai Group, Deputy General Manager, Chief Financial Officer, and Secretary of the Board of Directors, emphasized that Mr. Zhang Yixing will attend and perform as the endorser for "Maotai Culture and Tourism". Currently, the company has no such plans. Previously, Maotai Culture and Tourism officially announced Zhang Yixing as the company's endorser, and he will attend and perform at the "2025 Guizhou Huangxiaoxi T Music and Arts Festival" on May 17-18.