Tianyoude Liquor: Wholly-owned subsidiary Alajia Bao Liquor Industry plans to invest 160 million yuan to implement expansion and renovation projects.

Tianyoude Wine Company Announcement: The company's wholly-owned subsidiary, Tibet Alajiaobao Liquor Co., Ltd., intends to use self-raised funds to invest 160 million yuan in the implementation of the winery expansion project at Tibet Alajiaobao Liquor Co., Ltd. The project includes the construction of a personalized customization center, a barley liquor brewing workshop, a 1000-ton barley steel silo and supporting facilities, a 600T/a fragrant Daqu production workshop, a 3000-ton pottery cellar warehouse, additional production lines in the packaging workshop, office building renovation, and cultural experience exhibition. The project construction period is from August 2025 to December 2028.