Jiugui Liquor: Supplying according to agreement with Fat Donglai, terminal inventory continues to decrease.

The cooperation product with Pang Donglai, Jiu Gui Jiu, has become the most concerned topic for investors. On the afternoon of September 12th, Jiu Gui Jiu held a mid-year performance briefing for 2025. Investors showed great interest in the sales performance of the "Free Love" product, and focused on asking questions about the shipment volume, sales scale, revenue contribution, and production capacity of this product. The "Jiu Gui Free Love" product, which Jiu Gui Jiu cooperated with Pang Donglai, was first launched on Pang Donglai's channel in July this year, and sold out continuously at the beginning, prompting Pang Donglai to implement purchase restrictions quickly. Subsequently, Jiu Gui Jiu also pushed this product to stores of Step High Supermarket in Hunan. However, at the performance briefing, Jiu Gui Jiu's general manager Cheng Jun and other management did not respond to any data questions. In response to questions from reporters about sales and subsequent distribution, Cheng Jun said, "Jiu Gui Free Love is currently being shipped according to the cooperation agreement, and the company will actively cooperate with Pang Donglai to ensure supply continuity."