Zhang Deqin talks about Maotai's response to the industry adjustment period: Chinese liquor should return to its original intention, please believe that Maotai will not disappoint expectations.

On May 19th, the Guizhou Maotai 2024 Annual Shareholders Meeting was held at the Maotai Conference Center. In response to investors' concerns about the current situation of the liquor industry, Zhang Deqin, Party Secretary and Chairman of Guizhou Maotai Distillery Co., Ltd., used the "three believes" to share his views on the current situation of the liquor industry and Maotai's response with investors. Zhang Deqin believes that Chinese liquor should return to its original intention. He said, "To become a ceremony, to support the elderly, to bring joy" is the original intention. Facing concerns about changes in consumption scenarios, investors may be worried, we understand, but please believe that the quality, culture, and foundation of Maotai will not waver; believe in the innovation ability and self-adjustment ability of Maotai will not regress; believe in the service consciousness and service capacity of Maotai will not fall behind. As long as we get through this cycle, we will make the Maotai national brand shine more brilliantly, not disappointing investors' expectations, and taking on greater responsibilities.