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泸州老窖:2025年环境、社会及治理(ESG)报告(英文版)

深圳证券交易所 04-29 00:00 查看全文

About the Report

Data Sources and Reliability

Luzhou Laojiao Co. Ltd. (the “Company” “Luzhou Laojiao” or “we”) publishes sustainability-related information All data cited in this report are derived from the Company's official documents statistical reports and financial

annually in a standalone report. statements. All monetary amounts presented in this report are denominated in Renminbi (RMB). The Company

and all members of the Board of Directors represent that the information disclosed herein is true accurate and

Since 2006 the Company has published 19 social responsibility reports and Environmental Social and complete and contains no misrepresentations misleading statements or material omissions.Governance (ESG) reports. This report is intended to provide the government and regulatory authorities

shareholders and investors customers suppliers and industry participants employees the public and other

stakeholders with a true accurate and complete account of Luzhou Laojiao’s efforts and achievements in Terminology Used in the Report

advancing high-quality sustainable development thereby fully addressing stakeholder expectations.For ease of reference and reading the subsidiaries mentioned in this report are referred to by the following

Reporting Scope short names:

This report covers Luzhou Laojiao Co. Ltd. and its subsidiaries. Its reporting scope is consistent with that of the Luzhou Laojiao the Company we refer to Luzhou Laojiao Co. Ltd.annual report.Distillery Company refer to Luzhou Laojiao Distillery Co. Ltd.The park located in Huangyi Town

Huangyi Huangyi Distilling Ecological Park refer to

Basis of Preparation Jiangyang District Luzhou City

The park located in Luohan Town

Luohan Luohan Distilling Ecological Park refer to

* t he United Nations Sustainable Development Goals (SDGs) for 2030 Longmatan District Luzhou City

* T en Principles of the United Nations Global Compact (UNGC) The production base located in Xiaoshi Xiaoshi Distilling Base refer to

Subdistrict Longmatan District Luzhou City

* T he GRI Sustainability Reporting Standards (GRI Standards) issued by the Global Sustainability Standards Board

(GSSB)

* I FRS S1 General Requirements for Disclosure of Sustainability-related Financial Information Reporting Timeframe

* I FRS S2 Climate-related Disclosures

* ISO 26000: 2010 Guidelines on Social Responsibility This is an annual report covering the period from January 1 2025 to December 31 2025. To enhance

comparability and completeness certain information in this report is presented with retrospective reference to

* Chinese Academy of Social Sciences: Guidelines for Corporate Social Responsibility Reporting in China (CASS- previous years.ESG5.0)

* China National Standard: Guidance on Social Responsibility Reporting (GB/T 36001-2015)

Access to the Report

* Shenzhen Stock Exchange (SZSE) Guidelines on Social Responsibility Reports of Listed Companies

* S henzhen Stock Exchange Guidelines No. 1 for Self-Regulation of Listed Companies—Standardized Operation of

Main Board Companies To support a low-carbon and environmentally friendly approach we are publishing this report in digital format.The Chinese and English versions of the report are available on the Company's official website (https://000568-

* Shenzhen Stock Exchange Guidelines No. 17 for Self-Regulation of Listed Companies—Sustainability Reporting en.iryi.com/#/) and CNINFO (www.cninfo.com.cn).(Trial)

01 02Message from the Chairman of the Board During the year we deepened reform and innovation Hongyuan County bringing to life initiatives such as the

further strengthening our development momentum. Garzê Nepal Cultural Street and the collective economy

Guided by the enduring philosophy of "inheriting without project in Sandu Village Renguo Township deepening

being conservative innovating without losing our roots both our industrial assistance efforts and public welfare

and respecting tradition without being constrained by commitments. On the environmental front we actively

it" we proactively embraced the national call to elevate advanced energy structure optimization and efficient

traditional industries toward higher-end intelligent and resource utilization driving the coordinated achievement of

greener development. With "research-led development and pollution reduction and carbon mitigation goals and earned

The year 2025 marked both the successful digital-intelligent empowerment" as our strategic compass recognition as an "Environmental Integrity Enterprise" for

conclusion of the Company's 14th Five-Year Plan and drawing on nine national-level research platforms six consecutive years.and a defining moment of strategic preparation we advanced over 400 scientific research projects

for the journey ahead under the 15th Five-Year resolving dozens of industry-wide challenges including During the year we deepened our brand-building

Plan. Navigating a period of profound industry breakthroughs in functional microorganisms in pit mud and efforts and took the scale of our market to newadjustment and multifaceted challenges we key technologies underpinning the integration of tea and heights. Staying focused on our “Dual Brand Threeremained anchored to our annual corporate theme liquor value chains. We also led or co-authored more than Product Lines and Hero SKU” strategy we delivered a

of "building momentum to tackle challenges 60 national and industry standards further cementing resounding success. In terms of brand elevation National

and pursuing steady growth through meticulous our leadership and influence across the sector. In parallel Cellar 1573 has firmly held its place in the first tier of

operations; adapting to trends and driving we continued to optimize resource allocation and drove China’s high-end baijiu with its scarcity and premium

development through reform and innovation" the digital and intelligent transformation of our three core value winning deep recognition among consumers. The

and delivered meaningful progress across reform business systems of marketing production support and 38° National Cellar has become the industry’s first low-

and innovation corporate governance and brand operations management cultivating new productive forces alcohol hero product to break into the RMB 10 billion tier—

development. to power the Company's high-quality development. an achievement that reflects not only product success but

also our accurate reading of consumer trends. In terms of

During the year we deepened our commitment to brand breadth in the 2024 Liquor Brand Value Rankings

sound corporate governance achieving continuous released by the Hurun Research Institute in 2025 Luzhou

improvements in management effectiveness and Laojiao’s brand value reached RMB 11.5 billion up 28% year

operational efficiency. Through the comprehensive on year ranking first among all brands in value growth for

implementation of our "136 Strategy" we prevailed in the year. From Tequ to the cellar-age series the strength

a successive series of decisive campaigns spanning of our mid-tier portfolio has grown increasingly robust and

market expansion management efficiency enhancement our product mix has become more balanced and resilient.and digital-intelligent transformation. Underpinned by

a robust decision-making framework centered on the With a long journey ahead and strong momentum behind

Party Committee Board of Directors management us we embark once more ready to shoulder even greater

executive meetings and operational coordination responsibilities. Standing at a new historical juncture

meetings we achieved meaningful advances in the Luzhou Laojiao will continue to be guided by ESG principles

digitalization precision and professionalism of our advancing digital transformation championing green

management capabilities. We fulfilled our information brewing practices and deepening our social responsibility

disclosure obligations with rigor and consistency building commitments. We remain resolute on the path of

a transparent and credible listed company profile that sustainable development dedicated to writing a new and LUZHOU LAOJIAO

earned us recognition including the "Best Practice Case compelling chapter of high-quality growth.Secretary of the Party Committee for Board Secretary Offices of Listed Companies" and

and Chairman the "Best Practice Case for Boards of Directors of Listed

Companies." We have also maintained the highest A-rating

for information disclosure for six consecutive years. In

the area of social responsibility we invested over RMB 17

million in targeted support programs for Garzê County and

03 04Message from the General Manager During the year we achieved notable results through improve laying a solid foundation for the development of

refined market cultivation. By uniting our efforts to a digital flagship factory. In parallel we elevated supply

strengthen market development we demonstrated steady chain management by commissioning a smart logistics

and resilient growth amid a complex market environment. center with related projects receiving the industry's First

The National Cellar brand continued to anchor the high- Prize for Scientific and Technological Progress. This enabled

end segment with low-alcohol National Cellar revenue full-chain data integration and seamless cross-functional

surpassing RMB 10 billion. The Luzhou Laojiao brand collaboration giving rise to an efficient and transparent

In 2025 amid a period of deep industry meanwhile strengthened its mid-tier portfolio establishing smart supply chain ecosystem.adjustment and other formidable challenges all a synergistic dual-brand growth structure. Our regional

Luzhou Laojiao employees under the leadership strategies were fully deployed with initiatives including During the year we upheld reform innovation

of the Company’s Party Committee and Board the "100 Cities Plan 2.0" and "East China Strategy 2.0" and compliant operations. By leveraging refined

of Directors worked as one and pressed ahead advancing steadily. The "Double Hundred Project" in management we continuously improved our governance

with resolve. We successfully delivered on all the Sichuan and Hebei was successfully launched and our framework and strengthened risk prevention and control

targets set for the 14th Five-Year Plan achieving distribution network extended further into counties towns providing a solid safeguard for high-quality development.coordinated progress across economic social and villages continuously broadening market coverage We prioritized the Party's political leadership improved

and environmental performance. In 2025 the and deepening penetration. We accelerated the shift joint Party-building mechanisms and achieved integrated

Company posted revenue of RMB 25.731 billion toward digital and intelligent marketing deepened full- outcomes across brand communication resource

and net profit attributable to shareholders of chain QR code-based marketing capabilities and executed coordination and business synergy. We made significant

the parent of RMB 10.831 billion demonstrating seven major thematic campaigns building a robust digital strides in intellectual property protection securing Sichuan’s

strong resilience in the industry’s adjustment channel ecosystem that meaningfully enhanced marketing first data intellectual property registration certificate in the

cycle and bringing the 14th Five-Year Plan to a precision and efficiency. Our membership system was liquor industry and further strengthening our competitive

successful close. further refined leveraging four core customer acquisition edge. Talent development was continuously strengthened

scenarios to grow our member base to nearly 50 million through an enhanced dual-track career development

reinforcing customer loyalty and strengthening brand system and the successful implementation of the "Talent

affinity. Nine-Box Grid" injecting sustained momentum into the

Company's long-term growth.During the year we upheld smart brewing as a

benchmark for quality. We consistently regarded quality Standing at the historic juncture between the conclusion

as the lifeline of the Company remained committed of the 14th Five-Year Plan and the starting point of the 15th

to craftsmanship and advanced the simultaneous Five-Year Plan we will continue to honor our craftsmanship

enhancement of both quality and production capacity. and forge ahead with resolve. With a heightened sense of

Our quality control systems were further strengthened responsibility and a more pragmatic approach to execution

achieving a 100% pass rate in external audits across we are committed to writing a new and distinguished

five major systems including quality and food safety chapter in the Company's development contributing

and earning distinguished recognitions such as "Tianfu greater strength to the high-quality advancement of the

Premium Products." We reinforced our production baijiu industry and to the sustainable progress of society.capacity foundations maintaining organic certification

LUZHOU LAOJIAO for 18 consecutive years steadily advancing intelligent

Deputy Secretary of the Party brewing upgrades and successfully completing the factory

Committee and General Manager digital simulation project. Execution rates for base liquor

production processes and supply assurance continued to

05 06About Luzhou Laojiao

Company Overview Build Six

Systems of

Excellence

Originating in the Ming and Qing Dynasties Luzhou Laojiao Co. Ltd. (Stock Code: 000568.SZ) is a quintessential

representative and industry leader of Chinese strong-aroma Baijiu. The Company is home to the "1573 National Treasure

Cellar Groups" which were established in 1573 AD and have remained in continuous use to this day. These cellars have

been designated as a National Key Cultural Relics Protection Unit by the State Council. Furthermore its traditional brewing Adhere to Five

techniques were among the first to be included in the National Intangible Cultural Heritage List earning them the title of Development

"living cultural relics." The Luzhou Laojiao Archives (1771–1983) were also inducted into the China Archival Heritage List Philosophies

marking the first time a liquor-related entry was included. Today Luzhou Laojiao stands as the only entity in the liquor Building an excellent Building an excellent

industry to hold three prestigious national honors: National Cultural Relics Protection Unit National Intangible Cultural market expansion industrial synergy

Heritage and National Archival Heritage. By building an integrated "living heritage" system of cellars techniques and and consumer Firmly and ecological co-

archives the company vividly embodies its corporate philosophy of "co-distilling with nature coexisting in harmony" rooting innovation system. Pursuing One construction system.its sustainable development in a profound cultural foundation. Development

Goal

Actively responding to the calls of the era Luzhou Laojiao systematically plans its green transformation path with strategic

foresight. By focusing on core areas such as energy transition production process innovation and water resource recycling

the company is committed to building a low-carbon management system across its entire value chain. Leveraging national- Building an excellent

level R&D platforms and centered on "data-driven management and decision-making" the Company continues to drive digital 15th Five-Year Building an excellent cultural empowerment

transformation and intelligent upgrades across all business segments empowering industrial evolution through technological Commit to Development Commit to the organizational and brand a Long-term Philosophy of

innovation. Furthermore the company integrates sustainable procurement responsible marketing and collaborative management system. Vision

Strategy: "165" Symbiosis vitality and talent

community development into its corporate strategy and operations to achieve the dual advancement of economic benefits Strategy development system.and social value. or

ina g

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he a ic go is

The Company continues to optimize its product structure d c strateg hIn 2025 o g

tnsis in

deepen its channel systems and advance its digital Dedication to tently exe

cut Drive for

Quality Innovation

transformation. Demonstrating robust resilience amidst

intense market competition it has achieved high-quality the Company recorded total operating Building an excellent Focus on Building an excellent

sustainable growth. Operating income and net profit have revenue of quality production Value digital-intelligence

maintained steady upward trajectories while market share capacity and supply integration and efficiency

and brand value continue to rise. In 2025 the Company RMB 25.731 billion guarantee system. enhancement system.recorded total operating revenue of RMB 25.731 billion

and a net profit attributable to shareholders of the a net profit attributable to shareholders of

parent company of RMB 10.831 billion. It was honored the parent company of

with titles such as "China's Top 100 Best Employers of

the Year" "Best Board Practice for Listed Companies" " RMB billion

Top 100 Valuable Companies on the Main Board" the " 10.831

Golden Bull Award for Most Investment Value" and "Best

Board Secretary" by New Fortune Magazine.

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industry's top

tCorporate Culture Company Products1

Corporate Philosophy

National Cellar 1573 * Spirit of China

Corporate Philosophy Enterprise Development Philosophy Corporate Spirit

National Cellar 1573 * Spirit of China is a tribute to both China's tangible and intangible cultural

Co-distilling with nature Growing with society Dare to lead the way heritage. This special edition commemorates the inclusion of the 1573 National Treasure Cellars

Coexisting in harmony Thriving with nature Strive and find the joy and Luzhou Laojiao's traditional baijiu-making craftsmanship in the major historical and cultural

Coexisting with humanity Respect every person every post sites protected at the national level (1996) and the National List of Intangible Cultural Heritage

Pursue the new the excellent of China (2006). This exquisite baijiu is crystal-clear with a refined cellar fragrance delicate

aged aroma rich and mellow taste smooth texture and a lingering clean finish embodying the

authentic essence of Chinese baijiu.Corporate Mission Corporate Vision Core Value

2888

Brewing happiness Luzhou Laojiao inspires the world Sincere in character.National Cellar 1573 brings the taste Exacting in craft

of China to the world Faith in quality National Cellar 1573 * Classic

Focus on the consumer

Business Philosophy National Cellar 1573 * Classic originates from the "National Treasure Cellars" built during the Wanli

period of the Ming Dynasty (1573 AD). Crafted using the traditional baijiu-making techniques of

Luzhou Laojiao this premium baijiu is crystal-clear with an elegant cellar aroma a smooth and

mellow taste balanced sweetness and a clean lingering finish embodying the authentic essence

of Chinese baijiu.Strengthening the "Six Qualities" Maintaining the "Five Confidence" Maintaining the "Five Commitments"

Strengthen the spirit of perseverance Maintain confidence in strategy team Remain committed to specialization 1399

vigilance and opportunity and management and excellence a forward-looking and

Strengthen strategic awareness Maintain confidence in quality and pragmatic strategic vision a scientific

integrity and responsibility brand and efficient governance model an

innovation-driven development path Luzhou Laojiao 1952

and harmonious coexistence

Luzhou Laojiao 1952 is a flagship product within Luzhou Laojiao portfolio. It pays tribute to the

brand's recognition as one of China's first "Famous Chinese Baijiu" winners in 1952 incorporating

the essence of five consecutive awards to create an outstanding high-end strong-aroma baijiu. It

stands as a benchmark for the value of premium Chinese baijiu.Carrying Forward "Five Spirits" Promoting the Concept of Condensing the Thought of

"Five Commons" "Five Hearts"

Carry forward the spirit of hard work Shared culture unified standards and Stay true to our original aspiration 780

teamwork and scientific thinking common rules strengthen confidence and uphold

Carry forward the spirit of reform and Expand markets together and craftsmanship Luzhou Laojiao Tequ

dedication overcome challenges together Pursue ambition and act with

compassion Luzhou Laojiao Tequ is regarded as the benchmark of strong-aroma baijiu. Its distinctive bottle

design is inspired by the knife-shaped money used as standardized currency after the unification

Thematic Idea of China under the Qin Dynasty. Recognized as the authentic representation of strong-aroma

baijiu Luzhou Laojiao Tequ holds four prestigious honors: The first strong-aroma baijiu to win

Party Building Culture Integrity Culture Trade Union Culture an international gold medal; the only strong-aroma baijiu to win the "Famous Chinese Baijiu"

title across multiple generations; a key contributor to the establishment of strong-aroma baijiu

Practice our original aspiration Qingfeng national cellar Labor brews happiness standards; and the pioneer of the Tequ baijiu category. This baijiu is world-renowned for its crystal-

Brewing happiness Strong aroma endures clear appearance rich and mellow aroma smooth yet vibrant taste long-lasting aftertaste and

lingering fragrance making it a beloved choice among consumers.Cultural Philosophy Brand Culture Marketing Culture 468

Culture infused in every brew A millennium brand Consumer-centric

Brewing a better life rooted in culture 1 All product prices listed are the manufacturer’s suggested retail prices.

09 10Luzhou Laojiao Tequ 60s Tribute Edition Luzhou Laojiao Black Cap

Luzhou Laojiao Black Cap is a key strategic product crafted using fermentation cellars that account for

Luzhou Laojiao Tequ 60s Tribute Edition is a flagship heritage product of Luzhou Laojiao. In the 91.3% of all heritage-protected cellars in the Chinese baijiu industry. Adhering to traditional solid-state

1960s due to its limited production it was only available with special purchase permits issued grain fermentation and an eco-friendly minimalist distilling philosophy this baijiu is produced using the

by county-level or higher authorities. As a result it was affectionately known as "Old County industry's pioneering "cellar mud inheritance technology". Its quality has been rigorously evaluated by

Magistrate" a highly sought-after baijiu that was nearly impossible to obtain in the early years of experts from the Chinese Academy of Engineering and the China Alcoholic Drinks Association meeting

the People's Republic of China. In 2014 this iconic edition was revived meticulously preserving the the standards of baijiu aged in cellars over 30 years old. With its rich grain aroma smooth and full-bodied

original 1960s Tequ packaging and craftsmanship while featuring Luzhou Laojiao's premium aged texture and lingering sweetness Luzhou Laojiao Black Cap sets a new benchmark for high-quality

liquor. It faithfully recreates the classic taste of the era. The product is exclusively available through simply packaged value-driven baijiu.group-purchase channels with a limited allocation system to maintain its exclusivity rarity and

prestige. 98

498

Luzhou Laojiao Erqu

Luzhou Laojiao Erqu (2025 Edition) arrives as a landmark re-release unveiled in celebration of the 110th

Anniversary of Chinese Luzhou-style Baijiu Going Global. This new edition is a tribute to a century of

Centennial Luzhou Laojiao Jiaoling Baijiu gold award heritage — honoring its legacy upholding its standard of excellence and carrying its story

forward with renewed ambition and a distinctly refined taste profile. As the industry enters an era where

consumers define value expectations around quality flavor and the overall drinking experience continue

In 2011 Luzhou Laojiao pioneered the concept of cellar-aged baijiu leveraging its historic cellar to evolve. In response the 2025 Edition of Erqu has been comprehensively reimagined across four core

resources to introduce a grading system based on the actual age of fermentation cellars. It carefully dimensions: craft liquid composition taste and experience. Guided entirely by the authentic preferences

selected cellars aged 30 60 and even over 90 years to craft China's first named baijiu after its cellar of today's drinkers the expression was developed through multiple rounds of rigorous professional

age—Centennial Luzhou Laojiao Jiaoling Baijiu. This product series includes 30-year 60-year and evaluation and real-world consumer feedback. From an extensive selection of candidate blends only

90-year cellar-aged baijiu. As the first authentic cellar-aged baijiu in China it filled a market gap and the finest made the cut ensuring that every drop meets the exacting standards of the modern baijiu

established itself as the pioneer and leader of the Jiaoling baijiu category marking the beginning of 55 connoisseur.the "Jiaoling Era" in China's baijiu industry.

558 Mingniang Tea-Infused Baijiu

In 2024 marking the 700th anniversary of Luzhou Laojiao's traditional brewing heritage the brand

Luzhou Laojiao Gaoguang introduced an entirely new aroma category to the world of Chinese baijiu — the Tea-Infused.Mingniang Tea-Infused Baijiu is crafted at the intersection of flavor and wellness. Leveraging advanced

Luzhou Laojiao Gaoguang is a flagship strategic brand under Luzhou Laojiao built on the philosophy biotechnology the process extracts premium aromatic compounds and bioactive components from high-

of "luxury in spirit simplicity in form" — a modern approach to understated elegance. The collection altitude Yunnan tea leaves including theanine geraniol and linalool and harmoniously blends them

is dedicated to crafting baijiu of exceptional quality and refined character. Each expression is with Luzhou Laojiao's signature solid-state pure-grain distilled base spirit. The result is a sensory profile

personally conceived by Master Zeng Na the 23rd-generation torchbearer of Luzhou Laojiao's described by an expert panel — convened by the China Alcoholic Drinks Association and led by Chairman

centuries-old brewing tradition embodying a deep commitment to artisanal excellence. In November Song Shuyu — as follows: "Crystal clear in appearance; richly fragrant with tea-infused character; layered

2020 a distinguished panel of 13 national baijiu experts convened to evaluate the Gaoguang with elegant floral fruity and honeyed notes; seamlessly integrated tea and baijiu aromas; full-bodied

range and delivered a unanimous verdict: "Gaoguang lives up to its name — the spirit is clean and yet delicate; sweet aromatic and enduringly long in the finish — a truly distinctive style where the spirit

luminous the product refined and understated. It presents a bright clarity in the glass an elegant 658 is steeped in tea." Beyond its flavor complexity Mingniang Tea-Infused Baijiu is defined by a signature

bouquet on the nose a smooth and silky entry a crisp and refreshing finish and a rich lingering quality: a gentle gradual onset with a swift comfortable recovery making it as easy on the body as it is

698 aftertaste." pleasing to the palate.

New Wine Industry - Whitail Craft Beer 980

Luzhou Laojiao Touqu

Luzhou Laojiao Whitail Craft Beer 980 is brewed using imported Australian malt exclusive yeast and

premium imported hops ensuring exceptional quality from the source. It follows the traditional German

Luzhou Laojiao Touqu is one of Luzhou Laojiao's core heritage products. Since its debut in the ale fermentation method using top-fermenting ale yeast and incorporates a unique "double yeast"

1950s it has been widely recognized for its exceptional quality earning multiple prestigious awards fermentation technique. By selecting high-aroma high-quality fermentation strains this beer undergoes

including the Grand Gold Medal at the Moscow International Spirits Exhibition. Renowned for its rich a slow 35-day brewing process allowing flavors to fully develop. The brewing process adheres to a zero-

mellow and well-balanced profile it embodies the classic strong-aroma baijiu style delivering a additive zero-filtration and zero-dilution standard ensuring a pure full-bodied and rich malt taste. With

harmonious fusion of deep aroma smooth texture and a long-lasting aftertaste. For over 70 years its golden hue creamy and delicate foam and classic German flavor profile the product delivers a truly

Luzhou Laojiao Touqu has remained one of China's most beloved and widely enjoyed baijiu brands. 88 exceptional and authentic craft beer experience.75

11 12Excellence: Guided by Craftsmanship in the Pursuit of Supreme Product Quality

2025 Performance Highlights ● No product recall occurred;

● No food safety incidents occurred;

● Conducted 7412 on-site quality patrol inspections of suppliers' production processes and achieved a 100% resolution rate;

● Achieved a 100% response rate to customer feedback and a 97.18% resolution rate for customer complaints;

Integrity: Building a Strong Governance Foundation for Steady Development ● Conducted 14 customer service-related training sessions reaching more than 1000 participants;

● Conducted 12 dealership customer surveys covering 3038 dealers with a 99% customer satisfaction rate;

● The Board convened 13 meetings with Directors achieving a 100% attendance rate; ● A total of 233 responsible marketing training sessions were delivered to employees and dealers reaching 5672 participants and

● The Company responded to 220 investor questions through the Shenzhen Stock Exchange investor interaction platform held 2 online exceeding 277 cumulative training hours.performance briefings participated in 69 securities firm strategy meetings and organized or joined 63 investor telephone and online

exchange sessions. These activities reached over 1000 representatives from more than 300 domestic investment institutions Cohesion: Bringing Together Diverse Talent to Create Shared Progress

achieving 100% coverage of mainstream securities firms;

● The Company published a total of 108 periodic and interim reports throughout the year and has received the highest "A" rating for ● No incidents of child labor forced labor or discrimination reported;

information disclosure from the Shenzhen Stock Exchange for 6 consecutive years; ● The Company invested RMB 13.94 million in employee training conducted 1814 training sessions and delivered nearly

No corruption lawsuits have occurred; 360781.99 total training hours representing an average of 94.54 training hours per employee;●

The Company had signed a cumulative total of 3705 Agreement on Joint Integrity Building with business partners achieving a Annual employee satisfaction rate reached 100%;●

100% execution rate among suppliers and distributors; ● The Company granted major and fixed-amount financial assistance to employees on 1935 occasions and applied for relevant

100% education subsidies for the children of 10 employees. Total assistance provided to employees in need for the year amounted to RMB ● The Company provided Business ethics training to all employees and contractors achieving coverage;

5 1.0319 million;● The Company conducted cybersecurity training sessions with 3718 participants attending online information security awareness

programs. ● Conducted nearly 300 emergency preparedness training sessions and drills with more than 5700 participant attendances.Synergy: Building Collaborative Value Chains to Foster Win-Win Outcomes

Symbiosis: Brewing Sustainable Beauty in Harmony with Nature

● 55 suppliers obtained the ISO 45001 certification for occupational health and safety 60 suppliers obtained the ISO 14001 certification

for environmental management and 73 suppliers obtained the ISO 9001 certification for quality management;

● Calculated the carbon footprints of 14 products and completed a carbon footprint inventory for organic sorghum;

● Conducted a total of 29 anti-corruption and other ESG-related topics training sessions for suppliers achieving 100% coverage of all suppliers;

● Used 6360 MWh of green electricity reducing carbon emissions by approximately 3877 tonnes;

● 68.03% of suppliers are based in Luzhou contributing to 93.06% of the total annual procurement amount while suppliers in

● Invested a total of RMB 33024300 in environmental management of which RMB 12710000 was allocated to the Baijiu Industry Park accounted for 87.6% of annual procurement;

energy-saving and consumption-reduction initiatives;

11 ● R&D investment totaled RMB 0.216 billion accounting for 0.84% of total revenue. The Company has 480 R&D employees ● Conducted emergency drills for typical environmental and safety incidents including wastewater leaks hazardous waste leaks

representing 12% of the total number of employees;

liquor spills and chemical leaks with over 435 employees participating;

21 ● Postdoctoral research station recruited 16 postdoctoral researchers hosted 53 postdoctoral researchers and had cumulatively trained ● Organized environmental protection training sessions including 2 company-wide 6 departmental and 13 specialized sessions

57.5 78 postgraduate interns.totaling training hours and involving 9393 participants;

● Achieved compliant disposal of 45.22 tonnes of hazardous waste and utilized 382742.42 tonnes of general solid waste

with a resource utilization rate of 98.33% for entrusted solid waste; Responsibility: Carrying Forward the Heritage of the Ancient Cellars to Benefit Society

● Reduced energy consumption per unit of product by 1.89% year-on-year exceeding the energy-saving target;

● Invested a total of RMB 13.3762 million in rural revitalization assistance benefiting more than 5000 villagers;

● Decreased water usage by filling service suppliers by 31.30% year-on-year; ● Employee volunteers recorded a total of 2909 participations carried out 138 activities and contributed more than 4300

Conducted over 400 training sessions on organic production management techniques reaching more than 30000 participants. service hours;●

● The Company’s total investment in public welfare initiatives reached RMB 24.71 million including RMB 4.31 million invested in

education philanthropy.

13 142025 Awards and Honors

Top 100 Most Valuable Sunshine Secretary Golden Steed Award for 5A Rating for the Best Practice of the Best Practice in Tianma Award for Excellent Team Award Shareholder Return

Listed Companies on of the Board of China Listed Companies with Fulfillment of Duties of Board of Directors' Investor Relations Investor Relations for Investor Relations Award for Investor

the Main Board Listed Companies Optimal Investment Board Secretaries of Office of Listed Management of Management of Management of Relations Management Value Listed Companies Companies Listed Companies Listed Companies Listed Companies of Listed Companies

Certificate for the SurveyAdvanced Collective for Outstanding Collective in Luzhou Branch of Luzhou Branch of Stable and Qualified National Enterprise Summary and Quality “China Annual Best Committed to Reputation CommitmentEmployer” TOP 100 Awards Employment Promotion in the Luzhou City "Ankang the Sichuan Poverty the Sichuan Poverty Products in National Sichuan Province Cup" competition Alleviation Foundation Alleviation Foundation Quality Inspection Product and Service Announcement for "Stable Quality Integrity and Qualified Products in

National Quality Inspection"

Consumer Rights Protection

Co-establishing Unit "2024 Outstanding Case

of the National Baijiu Selection for Consumer Second Place in the First

Knowledge Competition

"Customer Service Third Prize of

Industry Metrology Dispute Mediation Across Luzhou-Jiangjin ODR Innovation Exemplary Case" China Patent

Special Prize of First Prize of the the Science and

the Technology Science and Technology

and Testing Center Three Areas in Sichuan and Organizations and Smart Solicitation Campaign - Excellence Award Technology Progress Invention Award Progress Award

(Sichuan) Chongqing" - First Prize 315 Platform Enterprises Customer Service Innovation Award

Exemplary Case

15 16Stakeholder Communication

ESG Governance

Luzhou Laojiao has been committed to building strong relationships with its stakeholders. Through well-structured and

diversified communication channels and mechanisms the Company has gained a thorough understanding of stakeholder

Luzhou Laojiao has always upheld the social responsibility philosophy of "growing with society thriving with nature needs and invited all stakeholder groups to participate actively in corporate governance.coexisting with humanity." The Company has continuously refined its ESG management system embedded sustainable

development principles into its strategic planning and daily operations actively responded to stakeholder expectations and Stakeholders and communication channels

fulfilled its corporate social responsibilities through concrete action.Communication Content/Topics of

Stakeholders Communication Approach and Frequency

Concern

ESG Governance Framework ● Compliance operation and risk ● Meetings training (irregular)

management

● Visits and research (irregular)

● Business ethics and anti-corruption

To further strengthen ESG governance the Company has formulated the Rules of Procedure of the Strategy and ESG ● Government and Supervisory communication (irregular)● Supporting local development

Committee of the Board of Directors2 and established a three-tier ESG governance structure spanning decision-making Regulatory Authorities ● Information disclosure (regular irregular)● Corporate governance

management and execution. The Board of Directors as the highest governing body oversees strategic decisions and

● Economic performance and market

supervision. The Strategy and ESG Committee coordinates ESG planning at the management level and reports regularly to performance ● Shareholders' meetings (regular)

the Board. It has established the ESG Project Promotion Office at the execution level implements specific ESG initiatives.● Compliance operation and risk ● Results briefing (regular)

Together these layers have formed a closed-loop governance mechanism from decision-making to implementation and from management ● Information disclosure (regular irregular)

supervision to feedback providing a solid foundation for achieving the Company's sustainable development goals. Shareholders and ● Information disclosure ● Investor meetings (regular irregular)

Investors ● Corporate governance ● Phone email online interaction (real-time)

● R&D innovation

ESG governance framework

● Employee satisfaction survey (regular)

● Staff interviews (regular irregular)

● Employee rights and protection

● Performance appraisal (annually)

Board of Directors ● Occupational health and safety ●

Employees Workers' congress (annually)● Employee training and development

● As the highest responsible body for the management of ESG matters of the ● Internal communication platform (real-time)

Company it assumes full responsibility; ● Employee training and activities (regular irregular)

● Reviewing the Company's ESG strategy and objectives; ● Product safety and quality ● Site visits (irregular)Decision-

● Customer service ●

making level ● Making decisions on major issues of sustainable development of the Company.Visitor reception (irregular)

● Data security and privacy protection ● Consumer hotline (real-time)

Consumers/Clients ● Responsible marketing ● Customer satisfaction survey (regular)

Strategy and ESG Committee ● Responsible drinking ● Company website WeChat official account etc. (irregular)

● Studying and making recommendations on the Company's ● Site visits (irregular)● Business ethics and anti-corruption

sustainable development ESG and other related matters; ● Visitor reception (irregular)● Supply chain management

● Supplier meeting (annual)

Management level ● Reviewing the Company's ESG report and reporting to the ● Partners and Supply Innovation-driven development ●

Board on a regular basis; Industry forums exchange meetings (annually)Chain ● Product safety and quality

● Phone mail online interaction (real-time)

● Coordinating the progress of the Company's ESG-related work.● Addressing climate change

● Green production (ongoing)

● Product carbon footprint

ESG Project Promotion Office ● Carbon emission reduction (ongoing)● Water resources management

● Green operations (ongoing)

● Collecting relevant information and data and schedule ● Environment Packaging and waste management ● Biodiversity conservation (ongoing)

regular meetings; ● Biodiversity conservation

Execution level

● Organizing and implementing the decisions of the ● Public welfare practice activities (irregular)

Strategy and ESG Committee meetings. ● Rural revitalization projects (irregular)

● Community communication ● Volunteer activities (irregular)

● Social contribution ● Daily communication (irregular)

Community Rural revitalization

● Company website WeChat official account etc. (irregular)

● Cultural promotional activities (irregular)

2 Press conferences media interviews (irregular) https://static.cninfo.com.cn/finalpage/2024-12-25/1222129001.PDF

17 18Double Materiality Assessment Management of Risks and Opportunities Related to Financial

Materiality

In 2025 Luzhou Laojiao conducted its first identification and evaluation of material issues under a double materiality

framework guided by regulatory requirements industry trends and the Company's specific business characteristics and

Time

operating conditions. For each topic on the list the Company assessed and ranked its significance across two dimensions Topic Horizon3 Scope of Impact Risk Opportunity

impact materiality and financial materiality to better respond to stakeholder expectations and provide a clear well-grounded

basis for future ESG strategic planning. Company's own

● Issues resulting from product quality ● Good product quality and safety will

Product operations

Double Materiality Analysis Process and safety such as product recalls legal gain more customers by means of safety & Medium term Upstream and proceedings and decreased consumer word-of-mouth which will enhance

quality downstream of the trust will cause financial losses to the brand trust and market reputation and

Understand the background of company Establish a list of topics value chain

company increase market share

activities and business relationships

We refer to the compliance guidelines of the Shenzhen Stock ● Production shutdowns caused by physical ● Reduction of energy Opportunities for

Exchange mainstream ESG rating frameworks in the capital Company's own risks will lead to increased production improving resource efficiency will lower

We analyze the external environment and in combination market and leading industry practices and combine these with Addressing operations costs maintenance expenses and higher energy costs and generate related

with our business development plans and strategy identify the concerns and expectations of our internal and external climate Medium and insurance expenditures savings

the most relevant stakeholders in our business activities such Upstream and stakeholders. We then adjust and integrate the four topics of change long term downstream of the

as government regulatory agencies suppliers investors and ● Transition risks will result in higher carbon ● Product and service opportunities will “Product Carbon Footprint” “Responsible Drinking” “Employee value chainemployees. emission costs and increased compliance enhance brand competitiveness and Training and Development” and “Industry Progress” from the expenses drive revenue growth

2024 substantive topic list to form the finalized topic list.

Company's own

operations ● Production stagnation and order ● A stable supply chain becomes a

Supply chain Medium term fulfillment failure caused by supply chain competitive advantage helping to Topic report Financial materiality assessment Impact materiality assessment management Upstream and disruption will cause significant financial explore new markets and directly driving

downstream of the losses to the company revenue growth

We summarize the results of both From the perspective of financial impact We prepare an impact materiality value chain

the impact materiality and financial we calculate and analyze how each questionnaire and distribute it to

materiality assessments to create a ESG topic affects our revenue costs stakeholders. We assess topics based Company's own ● Sustainable packaging becomes a

● If the disposal of packaging materials

dual-materiality matrix. We submit and assets. By setting thresholds we on two dimensions—impact (including Packaging operations or waste does not comply with strong brand differentiator attracting

this matrix to the Strategy and ESG select the topics that have a significant scale scope and irremediability) and and waste Medium and environmentally conscious consumers long term Upstream and environmental protection and safety Committee for confirmation ultimately material impact on our business likelihood—to identify those that have management downstream of the regulations fines will be paid increasing

and business partners which will

increase market share and drive

forming the 2025 Luzhou Laojiao dual- operations and financial performance. significant effects on the economy value chain compliance costs revenue growth

materiality matrix for disclosure. society and the environment.Company's own ● Through water-saving technology

● Production restriction or complete recycling and wastewater reuse the

In 2025 Luzhou Laojiao identified and screened a preliminary list of 16 material issues. Among these 5 issues carry dual Water operations

resources Medium and suspension due to water shortage will Group will significantly reduce water materiality. long term Upstream and result in a reduction in the company's consumption per unit product reduce management downstream of the revenue water intake and discharge and directly

value chain reduce operating expenses

Luzhou Laojiao Double Materiality Matrix in 2025

Company's own ● Adopt high-level data security and High Data security operations ● The risk of legal proceedings arising from privacy protection as the core value

and privacy Medium term customer data privacy leakage will lead proposition and brand differentiation

Packaging and Waste Product Safety and protection Downstream of the to increased compliance costs elements to enhance customer trust and Customer Service Management Quality value chain brand premium

Business Ethics and Anti-Corruption Addressing Climate Change Supply Chain

Occupational Health and Safety Water Resource Management If the Company fails to protect the rights

● Offering competitive compensation

Employee

Management Company's own and interests of employees it may lead packages will significantly reduce the rights and Medium term operations to lower employee satisfaction brain active turnover rate of core employees protection drain and increased recruitment training and reduce recruitment and replacement

and productivity window costs costs

Compliance Management Social Contribution Employee Rights and Protection Company's own

and Risk Management Innovation- operations ●Lack of consumer attractiveness and loss Innovative technologies and products Biodiversity Conservation Innovation-driven Development

Corporate Governance driven Long term Upstream and of market share due to the risk of lagging

will open up new revenue growth points

Data Security and Privacy Protection technological innovation and enhance brand value and premium development downstream of the

Responsible Marketing capabilityvalue chain

Low Importance to Company Finance High

3

Environmental issues Social issues Governance issues Short term: within 1 year; medium term: 2-3 years; long term: more than 3 years.

1920

Impact materiality across economic

environmental and social dimensionsIntegrity

Building a Strong

Governance Foundation

for Steady Development

Luzhou Laojiaohas continuously strengthened its governance

system built a solid compliance foundation incorporated

business ethics and anti-corruption into routine management and

established a systematic risk prevention and monitoring framework.The Company has also advanced information security and privacy

protection guiding the industry toward higher-quality development

through stronger governance capabilities.Corporate Governance 23

Business Ethics and Anti-corruption 28

Data Security and Privacy Protection 35Integrity LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building a Strong Governance Foundation for Steady Development 2025 Luzhou Laojiao Co. Ltd.Corporate Governance The Company has continued to strengthen the Board with a focus During the reporting period

on diversity professionalism and independence in its composition.In selecting Directors the Company considers multiple dimensions

including gender age cultural background educational experience the Board convened

In strict compliance with the Company Law of the People's Republic of China the Securities Law of the People's Republic of professional background technical expertise knowledge structure and

China the Guidelines for the Articles of Association of Listed Companies and other relevant laws and regulations Luzhou tenure. The Company has actively recruited talents with strategic vision 13 meetings

Laojiao has systematically built a governance framework anchored by the Articles of Association the Rules of Procedure and professional capabilities to support rigorous and effective Board

for Shareholders' Meetings and the Measures for Compliance Management4. In 2025 the Company amended the Articles decision-making. As of December 31 2025 the Board consisted of 11

of Association and the Investment Management System in line with the latest exchange requirements and formulated the directors including 6 independent directors. During the reporting period

Market Value Management System to ensure that the corporate governance framework remains fully aligned with regulatory with Directors achieving athe Board convened 13 meetings with Directors achieving a 100%

standards. attendance rate ensuring the effective functioning of the corporate

governance mechanism. 100% attendance rate

The Company has established a governance structure with clear division of powers and effective checks and balances

among the shareholders' meeting the Board of Directors and the operating management. The Board has set up four

specialized committees namely the Strategy and ESG Committee the Nomination Committee the Audit Committee and the

Remuneration and Appraisal Committee to support the efficient performance of its functions. Professionalism Independence and

Professionalism Diversification of Independence

Governance Structure ● The Board of Directors has four the Board ● Among the 11 directors there are 6

special committees including independent directors representing

Shareholders' Meeting the Nomination Committee the 54.5% of them;Remuneration and Appraisal

● The Audit Committee the Nomination

Committee the Strategy and Committee and the Remuneration

ESG Committee and the Audit and Appraisal Committee are

Board of Directors Committee; Diversification chaired by an independent Director

● Among the 11 Directors all members who constitutes a majority of the

have a master's degree or above; ● Includes one female director; members of the Audit Committee

Strategy and ESG Nomination Remuneration and ● The members of the Board have The age of the Board members the Nomination Committee and

Audit Committee knowledge in different professional covers different age groups.Committee Committee Appraisal Committee the Remuneration and Appraisal

fields including relevant Committee;

professional experience in risk ● The separation mechanism of the

Management Level management finance and law and positions of chairman and General

some of the Directors are industry Manager is implemented and the

experts. positions of chairman and General

Governance Structure and Responsibilities Manager are not held by the same

person.The Shareholders' Meeting is the highest authority of Luzhou Laojiao. To protect shareholders'

rights and interests the company formulates and implements the Rules of Procedure for the The Company has attached great importance to investor relations management and has committed to protecting the

Shareholders' Meeting in accordance with laws and regulations clarifies key procedures legitimate rights and interests of investors particularly those of small and medium-sized investors through continuous

Shareholders' standardizes operations ensures shareholders participate in decision-making in a "three-public" transparent and effective communication. The Company has formulated a series of internal policies including the

Meeting (open fair and just) environment safeguards their right to know right to participate and right to Information Disclosure Management System and the Investor Relations Management System and has maintained active

vote and protects shareholders' legitimate rights and interests at the decision-making level. engagement with investors through diversified communication channels to promote the shared enhancement of the

Company's value and shareholder interests. For details of the information disclosure and investor relations management

mechanisms please refer to the Corporate Governance section of the 2024 ESG Report.The Board of Directors is accountable to the Shareholders' Meeting and performs its duties in strict

accordance with the Articles of Association and the Rules of Procedure for the Board of Directors. In 2025 the Company responded to 220 investor questions through the Shenzhen Stock Exchange investor interaction

Through its specialized committees including the Strategy and ESG Committee Nomination platform held 2 online performance briefings participated in 69 securities firm strategy meetings and organized or joined

Board of Committee Audit Committee and Remuneration and Appraisal Committee the Board conducts

63 investor telephone and online exchange sessions. These activities reached over 1000 representatives from more than 300

professional work comprehensively and prudently evaluates internal and external factors in domestic investment institutions achieving 100% coverage of mainstream securities firms. The Company also strengthened Directors

decision-making and ensures the scientificity and prudence of the company's major decisions. its overseas investor relations work conducting an institutional reverse roadshow in Europe in mid-September to engage

directly with major overseas institutions and gain deeper insight into their priorities. In terms of information disclosure the

Company published a total of 108 periodic and interim reports throughout the year and has received the highest "A" rating

for information disclosure from the Shenzhen Stock Exchange for six consecutive years. The Company also received the "Best

4 https://static.cninfo.com.cn/finalpage/2025-09-17/1224664327.PDF Practice Case of Board of Directors of Listed Companies in 2025" award from the China Association of Listed Companies.

23 24Integrity LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportBuilding a Strong Governance Foundation for Steady Development Luzhou Laojiao Co. Ltd.

Compliance Management

Participated in the SASAC Compliance Management Training

Luzhou Laojiao regards compliance as the cornerstone of sustainable development and has continuously strengthened its

management system to ensure that all business activities strictly adhere to applicable laws regulations industry standards On 26 June 2025 the Company participated in a training session organized by Luzhou SASAC on

and internal policies. The Company has established the Compliance Committee as the leading body for compliance the theme of "Strengthening Compliance Management and Advancing the Modernization of the

management with the Legal Risk Control Center coordinating day-to-day compliance work. The Company has also appointed Governance System and Governance Capabilities of State-owned Enterprises." Senior leaders

a Chief Compliance Officer to provide strong assurance for its healthy and stable development. department heads and employees all took part. The training covered three areas namely an

overview of enterprise compliance management the current state of compliance in state-owned

Compliance Management Structure enterprises and practical compliance management for state-owned enterprises. The session deepened

participants' understanding of compliance principles and strengthened the Company's overall

compliance management capabilities.It is composed of various functional departments and subordinate companies and is

Compliance responsible for organizing leading coordinating and coordinating compliance work

Committee studying and making decisions on major compliance matters and promoting its

coordinated operation with legal internal control risk and other management systems.The Legal Risk Control Center is responsible for the specific implementation and

daily operation of the Company's compliance management system including system

Office

construction compliance review risk handling and support services so as to promote

the effective operation of the compliance management system.Training site

The Company has built a compliance and internal control system anchored by the Compliance Management Measures and

the Basic Standards for Enterprise Internal Control. In key business segments the Company applies legal risk management Risk Management

at the front end to ensure that business decisions remain lawful and compliant. During the year the Company continued to

strengthen the compliance awareness and practical capabilities of all employees through a series of targeted compliance

training sessions. Luzhou Laojiao has built a risk management mechanism covering the entire business process organically integrating

corporate governance enterprise management internal control and audit financial management legal management and

Compliance Training in 2025 discipline inspection into a unified risk prevention framework. This approach ensures that risk management advances in

step with business development and that all business activities and employee conduct fully comply with laws regulations

and internal policies. Through the "Three Lines of Defense"5 risk management model the Company systematically identifies

March 2025 April 2025 assesses monitors and responds to various risks ensuring that operations remain compliant and well-controlled throughout

and laying a solid foundation for sustained and stable growth.Participated in the Training Meeting Organized and attended the first

on Publicity and Implementation training seminar on legality review Risk Management Framework

of Operator Concentration Review in 2025 held by Luzhou Municipal

Policy held by Luzhou Municipal Bureau of Justice

Market Supervision Administration Compliance Committee (Rule of Law Enterprise Management Group)

March 2025 May 2025 Discipline Inspection Legal and Risk Control

Various Departments and Supervision Audit Department

Center

Training on "Advertising Case Analysis" Participated in the public welfare Department

for more than 50 new media operators lecture of "Civil Code into Enterprises"

correspondents and related employees organized by Luzhou SASAC

of the Company 5 Please refer to page 27 of the 2024 ESG Report for details.

25 26Integrity LUZHOU Environmental Social and LAOJIAO

Building a Strong Governance Foundation for Steady Development 2025 Governance (ESG) ReportLuzhou Laojiao Co. Ltd.Business Ethics and Anti-corruption

Luzhou Laojiao upholds sound business ethics conducts business with

integrity and firmly opposes all forms of corruption bribery fraud

monopolistic practices money laundering and unfair competition. The

Company continues to strengthen its internal oversight mechanisms

maintain accessible reporting channels and strictly protect the

confidentiality of whistleblower information while actively fostering

and upholding a fair honest and healthy business environment.Anti-Bribery and Anti-corruption

The Company strictly complies with laws and regulations such as the Supervision Law of the Republic of China and has

systematically established an integrity compliance management system by adopting a series of internal policies including

the "Three Early Warnings and Three Cards" Integrity Alert Mechanism the Regulations on Employee Integrity Compliance

the Measures for Integrity Review in Official Selection and Appointment the Interim Provisions on Middle-Level Official

Risk Management Process Accountability the Several Provisions on Middle-Level Official Integrity Compliance and the Official Management Measures .In 2025 the Company released the Business Ethics and Anti-corruption Policy 6 making explicit its "zero-tolerance" stance

toward embezzlement bribery and similar misconduct. This policy applies to all directors senior management and

Risk identification employees of the Company and its subsidiaries and also encourages all business partners including partners contractors

and suppliers to adhere to the same standards.Organize all departments and affiliated The Strategy and ESG Committee as its highest oversight body responsible for the oversight of the company's business ethics

enterprises to fill out the evaluation and corruption issues. The Business Ethics and Anti-corruption Committee leads the day-to-day oversight of business ethics

questionnaire and collect and analyze it and corporate compliance. Discipline Inspection Committees and subordinate offices have been established within Luzhou

Risk confirmation Laojiao Co. Ltd. Luzhou Laojiao Distillery Co. Ltd. and Luzhou Laojiao Sales Co. Ltd. respectively while dedicated discipline

inspection commissioners have been appointed within primary-level Party Organizations. Together these arrangements form

Further verify the preliminarily selected risk a multi-tiered oversight network embedded across the business enabling full discipline inspection coverage of key business

points to confirm their real existence and processes. During the year the Company was not involved in any litigation related to corruption.specific impact on enterprise operations.Risk analysis In managing business partners the Company continued to advance Joint Integrity Building and through a multi-department

joint review mechanism conducted rigorous ongoing reviews of supplier qualifications to ensure standardized and

Conduct a detailed analysis of the transparent supply chain management. As of the end of the reporting period the Company had signed a cumulative total

identified risks to assess the likelihood of 3705 Agreement on Joint Integrity Building with business partners achieving a 100% execution rate among suppliers and

and potential impact of their occurrence distributors. In addition 7 non-compliant suppliers and 4 individuals from business partner organizations were placed on a

including legal consequences economic permanent list prohibiting future cooperation.losses damage to brand reputation etc.Risk prevention and control

As of the end of the reporting period

Formulate and implement effect ive

prevention and control measures to reduce

or avoid the occurrence of risks and their the Company had signed a cumulative total of achieving a

adverse impact on the enterprise.

3705 Agreement on Joint Integrity 100% execution rate

Building with business partners among suppliers and distributors

In 2025 the Company organized a range of training activities including policy briefings and thematic analysis sessions

which effectively strengthened employees' risk awareness and adaptability. 6 https://www.lzlj.com/esg/policies/11168.html

27 28Integrity LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportBuilding a Strong Governance Foundation for Steady Development Luzhou Laojiao Co. Ltd.

Business Ethics Audits Business Ethics Training

The company conducted business ethic audits across all operations sites subsidiaries annually. In 2025 we continued The Company established a tiered and category-based training mechanism on integrity in professional conduct covering

to refine the business ethics and integrity supervision system extending oversight across all business segments and all the Board of Directors Management level and Entry-level employees and enhanced all employees’ awareness of Business

employees. By strengthening political oversight intensifying special supervision in key areas improving routine supervision ethics and anti-corruption through diverse initiatives such as the “Integrity Culture Festival” and coordinated online and

mechanisms building a digital supervision platform and deepening the "discipline inspection and supervision +" joint offline communications. At the same time through activities such as shared discipline learning risk analysis themed co-

prevention and control model the Company further strengthened its safeguards for clean and compliant operations and building events and integrity talks We organized 164 integrity-building activities with business partners including suppliers

fostered a corporate environment defined by integrity and professionalism. and contractors fostering mutual reinforcement mutual learning and shared progress in integrity development. During

the reporting period the Company provided business ethics training to all employess (including part-time) and contractors7

achieving 100% coverage. Of this total the Board of Directors received 66 cumulative hours of anti-corruption training

Anti-corruption Oversight Activities in 2025 Management level received 1080 cumulative hours of training and Entry-level employees received 19800 cumulative hours

of training.Focusing on theoretical study intra-Party political life ideology major policy During the reporting period

decisions and deployments and the fulfillment of responsibilities for Party

Political governance the Company conducted 65 oversight and inspection activities. the Company provided business ethics training to all employess (including part-time) and contractors achieving

Supervision Through assessment notices reminder discussions and rectification follow-up

measures it promoted the effective implementation of the Party’s guidelines

principles and major decisions and arrangements. 100% coverage

the Board of Directors Management level Entry-level employees

Focusing on key areas such as market expenditure bidding and tendering and received received received

engineering projects the Company carried out 13 special supervision activities

Special

and promoted 4 rounds of self-inspection and rectification among primary-level 66 cumulative hours of cumulative Supervision 1080 19800 cumulative

units thereby strengthening the awareness of managers and employees of anti-corruption training hours of training hours of training

accountability and oversight.Series of Business Ethics Training and Awareness Activities

For high-risk operations involving materials disposal scientific research assets

workplace safety and the management of scrapped packaging materials the Thematic Discipline Education Education Through Positive and Negative Cases

Routine Company engaged 72 integrity supervisors and carried out 92 routine proactive

Supervision oversight activities. These efforts generated 22 recommendations and drove To support the implementation of the spirit of the The Company conducted 1088 regular learningimprovements to 8 systems and operational procedures thereby enhancing the Central Eight-Point Rules the Company issued 32 sessions carried out the “Five Mandatory IntegrityCompany’s resilience. sets of study materials produced 6 short videos Talks” for more than 4800 participants and

and organized 82 thematic study sessions reaching organized 18 warning education sessions including

more than 12000 participants. expert lectures and court hearing observations

The Company embedded 132 key pre-approval checkpoints into its systems achieving full employee coverage.developed 5 digital oversight models covering market activities hospitality

Digital

expenses and other areas and established a closed-loop mechanism featuring

Supervision

“digital early warning targeted remediation and corrective improvement” to Tailored Training Programs Themed Series of Activities:

enhance the effectiveness of intelligent supervision. “Brewing Pure Liquor Fostering Integrity”For key groups such as principal officials and young Guided by the theme “Brewing Pure Liquor Fosteringofficials the Company developed 5 tailored courses Integrity” the Company organized 208 events for

The Company improved its coordinated “discipline inspection and oversight established 5 distinctive educational packages and the “910·Integrity First” Cultural Festival released+ functional departments” mechanism and together with 13 functional organized 32 thematic training sessions reaching 56 themed learning modules reaching more than

Coordinated

departments carried out 6 joint inspections focused on major projects key funds more than 800 participants in total. 30000 participants and compiled 37 integrity

Oversight

and procurement including spot checks of 384 contracts. It also refined its education publications and short videos 3 of which

Through Joint

“discipline inspection and oversight + supervision” review mechanism conducting received municipal-level awards.Prevention and

6 rounds of oversight inspections focused on market activities tendering and

Control

procurement which drove improvements to 3 institutional and operational

procedures and further strengthened its long-term control framework.

7 The Company does not employ part-time workers.

29 30Integrity LUZHOU Environmental Social and LAOJIAO

Building a Strong Governance Foundation for Steady Development 2025 Governance (ESG) ReportLuzhou Laojiao Co. Ltd.Family Values-Themed Event — “Drawing on the Three Sus’ Family Tradition to Cultivate Anti-Monopoly and Anti-Unfair CompetitionUpright Values”

Based on relevant laws and regulations including the Anti-Monopoly Law of the People's Republic of China and the Anti-

In January 2025 Liu Miao Secretary of the Party Committee and Chairman of Luzhou Laojiao Unfair Competition Law of the People's Republic of China the Company has developed and implemented internal policies

led 80 participants — including leadership team members newly promoted officials heads of key such as the Employee Code of Conduct and Labor Discipline Management Measures. These policies systematically regulate

departments and representatives of employees’ family members — on a visit to the San Su Shrine in key procedures including trade secrets protection and the handling of rights protection cases and support the creation ofMeishan for the integrity-focused family values initiative “Drawing on the Three Sus’ Family Tradition a standardized transparent fair and equitable operating environment. During the reporting period the Company was notto Cultivate Upright Values.” Through on-site visits special lectures and collective integrity discussions involved in any litigation or subject to any major administrative penalties arising from unfair competition.participants gained a deeper understanding of the Three Sus’ family values and experienced traditional Anti-Unfair Competition Measures

culture through interactive activities.The event closely integrated family values education with integrity development encouraging officials

employees and their family members to foster a culture of probity strengthen the family-based Product Development and Intellectual Property Protection

safeguard against misconduct and channel both the power of family and the force of integrity into

the Company’s development. A cross-departmental review process has been established under which business departments submit product development needs and the R&D department prepares the design.● Design drafts are submitted simultaneously to the legal affairs department and the Brand Center for review of intellectual property

compliance and brand resource usage respectively.● The legal affairs and risk control department focuses on reviewing whether product elements comply with applicable regulations

and pose any potential infringement risks.● Upon approval the packaging materials procurement department is responsible for sampling sample sealing and quality assurance

after which the quality management department conducts final testing and validation of the product and packaging materials.“Drawing on the Three Sus’ Family Tradition to Cultivate Upright Values” Event

Compliance Management for Marketing Activities

● For prize-based sales promotions the Company conducts a comprehensive review of the prize structure eligibility requirements

draw methods prize redemption procedures and other relevant information in accordance with the Interim Provisions on Regulating

Thematic Integrity Education Meeting for the Project Development Area Promotional Conduct and introduces notarization procedures where necessary to ensure that such activities are lawful and fair.● Before advertisements are released relevant business departments review advertising copy videos and other content through

On April 15 2025 Luzhou Laojiao convened a special integrity education meeting for the project internal review procedures in accordance with the Advertising Law of the Republic of China the Enforcement Guidelines for Absolute Advertising Terms the Administrative Measures for Internet Advertising and other applicable regulations in order to mitigate non-

development field. Yao Bo Deputy Secretary of the Luzhou City Discipline Inspection Commission and compliance risks.Deputy Director of the Municipal Supervisory Commission was invited to attend and provide guidance.Liu Miao Secretary of the Party Committee and Chairman of the Company delivered a keynote

address titled “Pooling Strength to Build Premium Projects with Integrity Safeguarding Development”

while Chen Xuejun Member of the Party Committee and Secretary of the Discipline Inspection Partner Accountability and Responsibility Management

Committee of the Company provided integrity reminders focused on risks across the full project cycle.During the event We also conducted on-site supervision of the Staff Home project reviewed the “Clean ● The Company signs the Agreement on Joint Integrity Building with suppliers distributors and other partners to clearly define theProject” construction display board and presented project personnel with discipline- and law-related integrity responsibilities of both parties.information packages. In addition We systematically rolled out a distinctive “seven-step integrity ● The Company includes intellectual property and confidentiality clauses in its cooperation agreements to protect its core assets andaction” education program including watching warning education films making public commitments information security.signing a co-construction agreement and appointing supervisors. The event further clarified duty

performance standards and disciplinary "red line" requirements effectively promoting all project

personnel to internalize and act on integrity requirements and laying a solid foundation of discipline

and work style for the high-quality development of the Company’s projects. Special Training Session on Antitrust Compliance

In 2025 the Company organized a policy awareness training session on the review of concentrations

of undertakings and invited antitrust regulatory experts from the Chongqing Municipal Administration

for Market Regulation to deliver a special lecture. The training focused on antitrust risks in business

operations and provided an in-depth analysis of key topics such as turnover calculation filing

procedures review timelines and legal liabilities drawing on relevant laws regulations and practical

Scene from the meeting cases. It effectively enhanced participants' legal awareness and risk prevention capabilities.

31 32Integrity LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building a Strong Governance Foundation for Steady Development 2025 Luzhou Laojiao Co. Ltd.Anti-Money Laundering Whistleblower Protection

The Company strictly complies with the Anti-Money Laundering Law of the People's Republic of China the Measures for

the Administration of RMB Current Accounts with Banks and other applicable laws and regulations. It has formulated and The Company has established the Administrative Measures for Letters and Visits Reporting and has set out whistleblower

implemented internal systems including the Monetary Fund Management Measures and the Bank Deposit Management protection provisions in its publicly disclosed Business Ethics and Anti-corruption Policy with the aim of maintaining open

Measures to regulate the full lifecycle of RMB bank settlement accounts including account opening usage and closure reporting channels for employee oversight and effectively safeguarding the lawful rights and interests of whistleblowers.and has established detailed account management rules to effectively mitigate money laundering risks. In its business To protect whistleblowers the Company strictly enforces its information confidentiality system prohibits the disclosure

cooperation with financial institutions the Company actively supports anti-money laundering efforts such as client of whistleblowers' identities and report details and adopts a zero-tolerance approach to any form of retaliation against

identification and due diligence continuously improves its monetary fund management system and advances the digital whistleblowers. In addition we have established a dedicated post to centrally manage the acceptance approval handling

transformation of fund information management. and feedback of reported matters ensuring standardized operational procedures and timely responses.Anti-Money Laundering Initiatives Conducted in 2025 In 2025 the Company accepted and properly handled 19 petition reports in accordance with applicable laws and regulations

The Company rigorously implements client identification and due diligence procedures and effectively upholding corporate discipline and the fairness of internal governance.●

works closely with financial institutions to ensure customer information is true and accurate

thereby preventing money laundering risks; Letter and Visit Reporting Mechanism

● The Company has established and refined a robust monetary fund management system

to regulate fund flows and usage and enhance management transparency and regulatory

Anti-Money

Laundering compliance;

and Capital ● The Company advances the digitalization of fund management processes to ensure full

Risk Control

System traceability of all accounts and transaction records providing effective support for anti-money

laundering investigations;

● The Company conducts regular anti-money laundering compliance training and awareness

initiatives for employees using materials such as "Supply Chain Financing Risk Cases" and Scope of Letter and Visit Reporting Ways of Petition Reporting Whistleblower Protection and Rewards

"A Bank's RMB 3.3 Billion Loan Fraud Case" to strengthen employees' risk identification and

prevention capabilities. ● Embezzlement misappropriation or ● Report hotline: 0830-2398612; ● The legitimate rights and interests of

deliberate damage to the Company's whistleblowers are protected by law.● Email: jiwei@lzlj.com;

assets; The Discipline Inspection Commission

● In the course of business cooperation the Company enters into agreements with financial ● Address for letter or on-site Office maintains strict confidentiality ● Causing significant losses to the

Contractual institutions in strict accordance with the Anti-Money Laundering Law of the People's Republic reporting: Discipline Inspection over whistleblowers' personal Company through dereliction of duty

Compliance of China and incorporates ESG-related clauses into agreements covering loans bills and other Commission Office Luzhou Laojiao information and report details and ESG or abuse of power; Command Center Nanguang Road and provides necessary protective

Integration matters ensuring that business activities align with national environmental protection and

● Soliciting or accepting bribes or Longmatan District Luzhou City measures to ensure their safety;

industrial policy requirements. kickbacks in any form; Sichuan Province P. R. China;

● If a petition report is verified to

● Malicious disclosure of the ● Online reporting: the "Supervision be substantiated and as a result

The Company has systematically advanced Anti-money Laundering auditing across all companies within its listed corporate Company's core confidential and Reporting" section of the the wrongdoers are subject to

system. Through institutionalized measures including daily monitoring of fund flows monthly bank account reconciliations information for personal gain; WeChat official account "Integrity appropriate disciplinary action or

semi-annual account reviews and clean-up and Anti-money Laundering compliance training the Company has established Luzhou Laojiao". legal penalties and the Company

● Damaging the Company's

full-process oversight of all bank accounts securities accounts and third-party accounts. During the reporting period the successfully recovers or reduces interests through false claims

Company identified 2 audit rectification items all of which were fully addressed by the end of the reporting period achieving economic losses the Company misappropriation abuse of position will grant the whistleblower an

a 100% rectification rate. Meanwhile through mechanism optimization we achieved 100% account reconciliation accuracy for personal gain collusion with appropriate reward in recognition of

closed 28 low-efficiency idle accounts reduced account management risks and strengthened risk controls over third-party external parties or other improper their contribution to the Company's

accounts thereby effectively safeguarding the security of funds. means; corporate compliance.●

The Company also regularly organized specialized Anti-money Laundering training and awareness activities to strengthen Other acts that violate Company

regulations and infringe upon the

employees' understanding of anti-money laundering practices. In 2025 the Company conducted 2 Anti-money Laundering rights and interests of the Company

training sessions achieving 100% training coverage for employees in key positions. No money laundering incidents or related and its employees.violations of laws or regulations occurred during the year.In 2025

the Company conducted achieving No money laundering incidents

2 Anti-money Laundering 100% training coverage or related violations of laws or

training sessions for employees in key positions regulations occurred

33 34Integrity LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building a Strong Governance Foundation for Steady Development 2025 Luzhou Laojiao Co. Ltd.Data Security and Privacy Protection Data Security Governance Framework and Responsibilities

Data Management Committee

Responsible for approving data management strategies targets

Luzhou Laojiao places great importance on information security and privacy protection. By establishing a systematic policy

Decision- roadmaps policies and annual plans as well as additions to and revisions framework and a clear governance structure the Company ensures comprehensive protection of its data and information

making Level of related mechanisms and policies and for overseeing coordinating and assets.resolving major data management matters and issues.Governance Data Management Office

Management Responsible for formulating and implementing data management

The Company strictly complies with applicable laws and regulations including the Cybersecurity Law of the People's Level strategies and plans improving systems and standards and leading efforts

Republic of China the Data Security Law of the People's Republic of China and the Personal Information Protection Law to manage and strengthen cross-domain data capabilities.of the People's Republic of China and has formulated the Measures for the Cybersecurity Management of Industrial

Control Systems. These measures comprehensively regulate personnel the physical environment equipment network

communications security development operation and maintenance emergency response and training supervision providing Business Execution Departments and System Development and

a solid institutional foundation for the security management of industrial control systems. With respect to customer privacy Maintenance Departments

protection we have clearly disclosed our privacy protection policy in the Luzhou Laojiao App and mini-programs and Execution level

Responsible for standardizing the generation management and usage of

established standardized internal data usage and processing procedures.business data; improving data quality; promptly monitoring and addressing

The Company has established an information security management structure headed by the "Network and Information data security and quality issues; supporting the advancement of data

Security Information Management Committee" as its highest governing body. In 2025 the Company set up a Joint Office management initiatives; and implementing data security management.jointly formed by the Party Committee Work Department and the Digital Development Center to further strengthen

cybersecurity management and promote the coordinated advancement and effective implementation of related work. Strategy

Information Security Management Structure and Responsibilities

The Company has developed a Safety management and control blueprint8 and built a systematic security governance

framework around three core areas—Security Management Security Technology and Security Operation. Through the

proactive planning and deployment of a range of security measures it continues to strengthen its information security

defenses.Network and Information Security Committee

● Responsible for implementing network and information security policies organizing and guiding

their execution formulating plans and strategies reviewing relevant systems and policies and

coordinating the resolution of major issues.Security

Technology

Joint Office

● The Party Committee Work Department is responsible for coordinating cybersecurity-related

education and communication efforts as well as and follow-through on implementation. Security Security

Management Operation

● The Digital Development Center is staffed with dedicated information security management

personnel responsible for implementing regulatory requirements advancing security initiatives and

providing operations and maintenance support among other execution-related tasks. Three Core Areas

To enhance the standardization of data management and improve data quality the Company established a three-tier

8

management structure centered on the Data Management Committee creating a unified top-down governance system to Refer to page 34 of 2024 ESG report for details.ensure consistent data standards and reliable quality.

35 36Integrity LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building a Strong Governance Foundation for Steady Development 2025 Luzhou Laojiao Co. Ltd.Management of Impacts Risks and Opportunities

Conducted a Series of Activities for Cybersecurity Publicity Week

To strengthen business continuity management capabilities for cybersecurity and information privacy protection the

Company established a regular prevention mechanism and continued to enhance its security resilience through vulnerability

scanning Cybersecurity Awareness Week activities and the active participation in and organization of a series of hands-on During 2025 Cybersecurity Publicity Week the Company organized a series of activities centered

attack and defense drills. on the theme of “Cybersecurity for the People Cybersecurity by the People” and achieved positive

outcomes.In 2025 We established a routine mechanism for the identification and remediation of cybersecurity risks combining

quarterly vulnerability scans with tiered penetration testing. At the same time We conducted regular scans of key assets Conducting Thematic Learning Activities Under the “Two Talks” Initiative

including servers databases and network services to systematically identify security risks such as weak passwords

and critical vulnerabilities ensuring that all identified issues were rectified promptly and verified through closed-loop The Company organized cybersecurity-themedmanagement. On this basis the Company established and implemented a graded penetration testing mechanism under sessions under the “leaders speaking on managementwhich all newly developed systems are subject to mandatory testing prior to launch while systems already in operation and experts speaking on technology” initiative. The

undergo annual full-coverage testing across business systems apps mini-programs and official accounts. By combining Company’s leadership team delivered presentations at

professional tools with manual verification We completed security testing for more than 100 systems during the year and the frontline while primary-level Party Organizations

achieved effective closed-loop remediation of all identified high- medium- and low-risk vulnerabilities comprehensively promoted cybersecurity knowledge through activities

enhancing the Company's proactive cyber defense and risk control capabilities. such as the “Three Meetings and One Class” and

During the reporting period the Company conducted five cybersecurity training sessions with 3718 participants attending “workshop Party classes” achieving full employee

online information security awareness programs effectively enhancing employees’ awareness of cybersecurity and participation and effectively enhancing employees’ The Company’s large display screen broadcasting

information security protection. understanding of the cybersecurity landscape and cybersecurity awareness materials

their protective skills.During the reporting period

Extensive Online and Offline Awareness Efforts

the Company conducted with

The Company actively fostered a strong cybersecurity awareness atmosphere through a variety of

5 cybersecurity training sessions 3718 participants attending online information security channels including display boards handbooks videos and posters. We organized Party member

volunteer service teams to visit Shuanggui Community where they conducted public-interest

awareness programs

awareness activities and provided on-site consultation for residents with a focus on identifying online

scams protecting personal information and preventing cyber fraud. The event effectively enhanced

Participation in the “Six Cities of Southern Sichuan” Cybersecurity Attack and Defense Drill cybersecurity awareness among Community residents and was widely welcomed generating positive

feedback.In June 2025 the Company participated as the defending party in the "Six Cities in Southern Sichuan"

Network Security Attack and Defense Drill. During the drill attackers used account passwords through

attack methods to log into the Smart Marketing System and triggered a secondary authentication alert

while attempting to access the desktop cloud. The on-duty team immediately initiated emergency

response procedures and contained the attack through measures including IP blocking privilege

reduction and password resets. No major security incidents occurred during the exercise and the

Company successfully completed its defense task. Following the drill the Company implemented

corrective actions across five areas including threat intelligence collection broader adoption of multi-

factor authentication and full life cycle data management thereby comprehensively strengthening its

cybersecurity defenses. Event Highlights

Metrics and Targets

During the reporting period

the Company recorded and

"Six Cities in Southern Sichuan" Network Security Attack and Defense Drill no cybersecurity incidents no data security or privacy security breaches have occurred

37 38Symbiosis

Brewing Sustainable Beauty

in Harmony with Nature

We regard the ecological environment as the foundation of our

brewing operations and are committed to addressing climate

change through systematic approaches managing energy and

resources from a life cycle perspective transforming packaging

materials and Waste Management through circular economy

principles and extending sustainable practices to the very source of

raw material cultivation. This reflects not only our firm commitment

to China's "Dual Carbon" goals but also Luzhou Laojiao's solemn

pledge as an industry leader to preserve a healthy and thriving

natural environment for future generations.Addressing Climate Change 41

Environmental Compliance Management 50

Packaging Materials and Waste Management 58

Energy and Resource Management 63

Sustainable Agriculture Practices 67Addressing Climate Change Strategy

In response to the severe challenges posed by global climate change Luzhou Laojiao actively supports China's "Dual Carbon" Guided by the vision of “Build a 'Zero-Carbon' Laojiao Let the World Savor China” Luzhou Laojiao has systematically

strategy by integrating climate risk management into corporate governance and long-term planning. Through systematic established its “1+3+6+N Carbon Peak Action Framework.” Focusing on three dimensions—greener transformation greener

mitigation and adaptation measures the Company is committed to reducing the carbon footprint of its operations and value growth drivers and a greener community—the Company has rolled out six major initiatives including optimizing the

chain and contributing Luzhou Laojiao's expertise and capabilities to global climate governance. energy mix advancing digital and intelligent production and strengthening value chain collaboration alongside a range of

specific measures. On this basis the Company continues to refine its carbon management mechanisms increase resource

Governance investment strengthen talent development and steadily advance low-carbon transformation across the entire value chain.Luzhou Laojiao has established a climate change management system under which the Chairman assumes ultimate Luzhou Laojiao’s “1+3+6+N Carbon Peak Action Framework”

leadership responsibility for climate change-related matters while the Board-level Strategy and ESG Committee serves as

the highest decision-making body responsible for overseeing such matters. The Company has also put in place a three-tier

management structure covering the "Decision-making level - Management level - Execution level" to ensure closed-loop

management throughout the entire process from strategic planning to operational execution.Climate Change Management Framework 1 Vision Build a “Zero-Carbon” Laojiao

Let the World Savor China

● Strategy Planning: Define the Company's overall objectives and long-term direction for

addressing climate change ensuring alignment with its overall development strategy;

"Carbon" "Carbon" "Carbon"

Strategy ● Supervision and Evaluation: Oversee the achievement of climate change-related targets and Exploration Pursuit Aspiration

Decision- 3 Dimensions

making Level and ESG conduct regular evaluations with optimization and adjustments made as needed;

Green Green Green

Transformation Momentum Community

Committee ● R eview and Guidance: Regularly receive reports from management on climate change-

related work review assessments of climate-related risks and opportunities and provide

strategic guidance.Pollution Digital-

6 Actions Energy Green Reduction Intelligent Strengthen Build Low- Value Chain & Low-Carbon & Carbon Production Low-Carbon Carbon Green

Transformation Synergy for Carbon Benefit Support Management Transformation

Action Enhancement Reduction Action Demonstration Action

● Implementation and Coordination: Execute the climate change policies and strategic Action Action

initiatives formulated by the Strategy and ESG Committee and coordinate their

implementation;

● Objective Setting: In line with the Company's strategy establish clear climate change Raw & Auxiliary Production Stage Packaging Distribution Disposal

Ecological management objectives and implementation paths; Materials Stage Stage Stage

Environment ● Establish green ●

Research on carbon reduction ● Sustainable smart ● Full clean energy ● Recycling of

Management ● Departmental Collaboration: Coordinate cross-departmental collaboration in an integrated supply chain technologies including packaging for in-enterprise waste heat water

Level Protection manner and advance the implementation of climate change measures across business N+ Initiatives system electrode boilers and ● Assess carbon transportation resources distiller's

● Low-carbon air-source heat pumps footprint at the ● Low-carbon grains and sludge

Committee operations; sorghum ● Smart energy packaging design promotion ● Biogas recovery

● Green logistics ● Conduct CCUS end-of-pipe stage ● ... ● Packaging material

● Data Management: Systematically collect integrate and analyze climate change-related ● ... treatment research ● ... recycling

data to support management decision-making; ● Build green intelligent brewing ● ...demonstration plants

● Capacity Building: Organize climate change training and awareness activities to enhance ● ...employees’ awareness and capacity to act.

3 Guarantees Carbon Management System Construction + Financial Support + Talent Development

● Implementation Planning: Implement specific action plans to ensure that all measures are

effectively carried out in day-to-day operations;

Office of the ● Process Monitoring: Continuously monitor the implementation of climate management

Ecological measures and promptly identify and address issues arising during implementation;

Execution

Level Environment ● Data Collection: Systematically collect raw climate change-related data to ensure information

Protection is accurate and complete; Based on the unique characteristics of our business operations the Company proactively identifies and explores the risks and

Committee ● Reporting and Feedback: Regularly report work progress to the Ecological Environment opportunities brought by climate change actively enhances our adaptability to climate shifts and takes concrete actions to

Protection and ESG Committee and provide recommendations for improvement at the minimize the negative impacts of climate change on our business activities. We employ scenario analysis to assess potential

execution level. physical and transition climate-related risks and opportunities across our operations integrating the evaluation results into

our strategic planning and considerations.

41 42Climate Change Risk Identification and Response Measures

Risk Type Risk Description Response Measure Risk Type Risk Description Response Measure

● Facility reinforcement: Strengthen and upgrade key production facilities ● Fluctuations in energy prices and the prices of

warehousing systems and supply chain nodes against disasters

● Damage brewing facilities raw and auxiliary materials may if not effectively including through the construction of flood control works and the

warehousing systems power managed by the Company result in rising costs and ●

Management upgrade: Strengthen strategic procurement

reinforcement of wind-resistant structures to enhance infrastructure

systems and supply chain nodes increased pressure on profitability. and energy management and establish a dynamic cost climate resilience.resulting in production disruptions management mechanism.●

and reduced revenue. Diversification of supply chain: Optimize raw material sourcing and Market risk

● As consumers' environmental awareness continues

Acute risks establish a diversified regionalized supply system to mitigate the risk to grow they are placing higher demands on the

● Green products: Advance the R&D of green and low-

● Disrupt raw material supply; for

(extreme of supply disruptions caused by extreme weather. green attributes of products. If enterprises fail to carbon products and strengthen product carbon footprint example sudden floods may

weather ● inundate industrial parks while Emergency preparedness: Develop and regularly conduct drills for

respond to market demand in a timely manner management.events such comprehensive business contingency plans to ensure timely response they may face declining market share and reduced prolonged heatwaves may reduce

as floods raw grain yields. in the event of emergencies. Transition revenue.hurricanes ●

Disrupt transportation networks Risk transfer: Mitigate potential financial losses from climate-related

risks

extreme ●

affecting the timely delivery of risks and reduce the impact of extreme weather events on business

● Strengthening communication: Establish a regular

precipitation

products to market. operational stability and financial conditions through the allocation of communication mechanism with stakeholders and keep and risk transfer instruments such as property insurance.Lead to regional energy supply ● heatwaves) ● If the Company's performance in addressing climate

them informed in a timely manner of the Company's

constraints resulting in unplanned Employee protection: Optimize the management of work in high- change (such as carbon emissions performance) progress in green development.temperature conditions and implement measures such as reasonable Reputation production shutdowns and adversely

affecting employee health and safety shift scheduling improvements to the working environment and the

fails to meet stakeholders' expectations it may

risk ● Information disclosure: Proactively communicate the

adversely affect the Company's brand identity and Company's sustainable development philosophy as well

as well as the stable operation of provision of personal protective equipment to effectively safeguard

production equipment. employees' occupational health.market reputation. as its actions and achievements in energy conservation

Physical risks Provision of supplies: Stock emergency materials for extreme weather

emission reduction and greener lower-carbon

response such as backup power supplies and flood-control sandbags. development.● Varietal optimization: Cultivate climate-adaptive sorghum and wheat

● Rising temperatures may alter the varieties for brewing that are resistant to high temperatures drought

growth cycles of raw materials used and saline-alkaline conditions.for brewing such as sorghum and ● Technical optimization: Develop climate-smart forecasting models and

wheat while rising sea levels may supporting meteorological service mini-programs; dynamically optimize Identification of Climate Change Opportunities and Response Measures

lead to soil salinization potentially sowing schedules and planting area planning based on site-specific

affecting the stability of raw material weather forecasts and early warning data for each base; and improve

Chronic risks quality and the consistency of raw material quality through precision management of nitrogen

(drought rising product flavor. fertilizer application and pest and disease control thereby effectively Opportunity Type Opportunity Description Response Measure

temperatures ● Rising temperatures will increase reducing meteorological disaster risks and improving sorghum yield and

sea-level rise cooling demand during the brewing quality stability. ● Technological collaboration: Partner with universities

etc.) process resulting in higher energy ● Process optimization: Optimize equipment and process parameters and research institutions on R&D to enhance

consumption and related costs. to enhance the brewing system's resilience to the impacts of climate ● Advance the circular economy and improve resource technologies for the resource utilization of waste.● Climate change-induced fluctuations change. Resource efficiency utilization efficiency to reduce operational costs

in temperature and humidity may ● Energy-efficient cooling: Optimize refrigeration system operations and improvement enhance resource security and achieve synergistic ● Industry chain expansion: Work with upstream and

affect product storage conditions reduce the energy consumption of the circulating cooling water system environmental and economic benefits. downstream partners to build a circular economy

increasing quality management risks through more precise management. system and enable the efficient circulation of

and cost pressures. ● Intelligent warehousing: Upgrade storage facilities to enable intelligent resources across the industry chain.monitoring and precise control of temperature and humidity.● By optimizing brewing processes and developing low- ● R&D and innovation: Analyze customer needs and

● The introduction of stricter carbon packaging and environmentally friendly raw strengthen R&D for low-carbon products and product

government policies on carbon R&D and innovation for low-

● Clean production: Adopt energy-efficient distillation technologies and materials reduce emissions build a differentiated category innovation.emissions control will increase carbon product developmentwaste heat recovery systems among other measures to increase the product portfolio enhance market competitiveness ●

companies' investment in carbon Technology upgrades: Explore energy-saving adoption of renewable energy and reduce energy consumption and

reduction and their regulatory and ultimately drive revenue growth. technologies to reduce the product carbon footprint.carbon intensity in production.compliance costs.●

Policy and Carbon emissions management: Establish a carbon emission Environmental protection policies ● Low-carbon cultivation: Work with core suppliers to ●

legal risks management system conduct carbon footprint accounting for impose more stringent requirements jointly develop and implement low-carbon cultivation products set relevant targets and explore pathways toward carbon ● By deepening collaboration with suppliers logistics

on energy-intensive and high- standards and advance climate-smart agriculture neutrality.emission baijiu production stages partners distributors and other value chain practices.such as distillation prompting ● Policy monitoring: Closely monitor policy developments formulate Value chain collaboration participants to jointly build a low-carbon supply chain

● Low-carbon logistics: Work with logistics partners

companies to increase investment a carbon peaking plan and proactively plan emissions reduction system strengthen climate resilience across the entire

Transition risks in process upgrades and emissions measures. value chain and reduce carbon-related costs. to optimize logistics routes promote clean-energy

control. vehicles and circular packaging and reduce carbon

emissions from logistics operations.● As progress toward the "Carbon ● Technology R&D: Increase investment in clean production technologies Policy response: Actively seek policy support and ●

Neutrality" target continues deepen collaboration with research institutions and reduce the cost of funding subsidies for green manufacturing energy-

requirements for greener and lower- ● By leveraging policy incentives such as tax benefits low-carbon technology R&D. saving technological upgrades and other related

Technological carbon technologies are becoming and green finance together with the rapid growth of

● initiatives.risk increasingly stringent requiring Digital factory development: Accelerate smart upgrades to production Policy and market the green consumer market the Company advances

enterprises to invest more in equipment and develop digital demonstration factories. clean production and the green upgrading of its ● Product differentiation: Launch product lines certified

acquiring or upgrading energy-saving ● Technology tracking: Continuously monitor developments in emerging products creating new growth opportunities. for carbon footprint and establish communication

and emission-reduction equipment. technologies and assess their potential applications across the industry. mechanisms to engage consumers on green

consumption.

43 44Symbiosis LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Brewing Sustainable Beauty in Harmony with Nature 2025 Luzhou Laojiao Co. Ltd.Management of Impacts Risks and Opportunities 2025 Greenhouse Gas Emissions Data

Category Unit Data of 2025

Luzhou Laojiao has fully integrated climate risk management into the Company’s overall risk management system. Guided by Direct GHG emissions (Scope 1) tCO e 106713.30

national policies industry trends and the Company’s strategy it uses science-based methodologies to identify risks assess 2

impacts and implement tiered management based on assessment results thereby establishing a routine and dynamic Indirect GHG emissions (Scope 2) tCO2e 25107.36

climate risk management framework. Total GHG emissions (Scopes 1 and 2) tCO2e 131820.66

Climate Risk Management Process GHG emissions intensity (Scopes 1 and 2) tCO2e /million gross industrial output value 10.48

2025 Scope 39 Carbon Emissions Data

● Based on national policies and regulations listing rules and the Company’s operational 0.55% 4.88%

Identification realities the Company systematically identifies climate change-related risks through methods 1.08%

such as scenario analysis policy tracking stakeholder interviews and industry benchmarking. 12.52% Purchased goods10 and services

Upstream transportation and distribution of goods

0.17%

● Identified risks are assessed both qualitatively and quantitatively across two dimensions: 80.80% Business travel

impact materiality and financial materiality. Employee commuting

Assessment

● Based on the assessment results risks are classified and prioritized by level (e.g. high medium Downstream transportation and distribution of goods

and low) key climate risks requiring prioritized action are identified and these risks are

incorporated into the Company’s overall risk management system. Product end-of-life phase

● For risks at different levels the Company develops differentiated response strategies including Product Carbon Footprint

measures related to adaptation and mitigation transformational innovation and integration

into governance while assigning management responsibilities to specific departments and Luzhou Laojiao has continued to advance refined carbon management practices. In accordance with ISO 14067:2018

personnel. Greenhouse Gases — Carbon Footprint of Products — Requirements and Guidelines for Quantification and using the Life Management Cycle Assessment (LCA) methodology the Company systematically quantified emissions throughout the entire product

● The Company establishes regular monitoring reporting and review mechanisms to periodically lifecycle of core products covering raw material acquisition production sales and disposal. On this basis the Company

update the climate risk inventory and response measures enabling dynamic closed-loop risk further extended the carbon footprint accounting boundary to raw materials and completed a carbon footprint inventory for

management and continuous improvement. organic sorghum thereby further strengthening the carbon emissions data foundation across the entire value chain.Carbon Footprint of Core Products11

Carbon Footprint of Organic Sorghum

Metrics and Targets 66.78% 13.78% 61.76% 0.30%

To systematically assess the effectiveness of its climate change response efforts

Luzhou Laojiao has with reference to the methodological framework of the Science 4.41%

Based Targets initiative (SBTi) the national Action Plan for Carbon Dioxide Peaking

Before 2030 and the Company's Carbon Peaking Action Plan established a 37.94%

quantitative carbon management indicator system covering the entire value chain

taking into account industry characteristics and the Company's actual operating 15.03%

conditions and formulated phased and traceable emissions reduction targets.Carbon emission reduction targets

Raw material production Product manufacturing stage Raw material sourcing Product manufacturing

and acquisition stage stage stage

Product distribution stage Product waste disposal stage Transport (delivery) stage

Reduce carbon

emissions per unit of Achieve carbon peak

output value by 10% by before 2030. 9 The accounting is conducted in accordance with the ISO 14064-1:2018 standard.

2026 compared to 2020. 10

Greenhouse Gas (GHG) The calculation primarily includes purchased goods.Verification Statement 11 The core products mainly include 14 items such as 52% vol. Centennial Luzhou Laojiao Jiaoling Baijiu 30 Years (2017 Five-

Code Pack)

4546

Short-term

target

Long-term

targetCarbon Reduction Across the Industry Chain Carbon Reduction Practices in Production

The Company is committed to building a sustainability-oriented low-carbon system spanning the entire industry chain. While

● Implemented a motor energy efficiency improvement plan and in 2025 completed the

continuing to advance emissions reduction in the production process it has extended its carbon reduction practices across replacement of 4 high-energy-use motors saving 630000 kWh of electricity and reducing

the full value chain including raw material procurement logistics warehousing and distribution and terminal operations. carbon emissions by 336 tonnes;

Through systematic management and technological innovation the Company works collaboratively with upstream and

downstream partners to reduce carbon emissions and enhance the environmental benefits of the industry chain as a whole. ● Replaced 11 high-energy-use transformers with new S14 energy-efficient transformers saving

approximately 120000 kWh of electricity annually and reducing carbon emissions by 64 tonnes;

In 2025 the Company furthered its understanding of carbon emissions across the entire industry chain and collected data on

● Carried out energy-saving upgrades to its filling line equipment replacing 824 traditional

material consumption energy usage and other relevant information from 17 core packaging material suppliers. conveyor motors with high-efficiency integrated motors resulting in annual electricity savings

of approximately 580000 kWh and electricity cost savings of RMB 460000.Electricity

Raw Material Procurement Stage

We extend our green development philosophy to the very beginning of the supply chain systematically advancing carbon

reduction in the raw material stage through the cultivation of organic sorghum and building a raw material supply system

that is environmentally friendly and resource-efficient.Carbon Reduction Practices in Raw Material Procurement

Promote Organic Cultivation Establish Green

Procurement Standards ● Brewing Center 7 at the Luohan Distilling Ecological Park implemented a waste heat recovery

Centrally procure and distribute retrofit for its distillation system reusing high-temperature water after heat exchange in the ●

free of charge fertilizers that are ● Incorporate energy conservation boiler system. During the year 48800 tonnes of high-temperature water were recovered and

100% organically certified with and emission reduction into the reused saving 249100 cubic meters of natural gas and reducing carbon emissions by 545

all raw materials sourced from supplier evaluation system set clear tonnes.regenerative agriculture and requirements for suppliers in areas

sustainable resources; such as the production environment Thermal

pollution control measures and

● Procure pest and disease control transportation methods and reduce Energy

products that comply with organic carbon emissions from upstream raw

standards and are made entirely material suppliers.from natural raw materials.Implement Digital Management Conduct Carbon

Emissions Monitoring

● Leverage the digital farm system

to implement full-process digital ● Track and quantify carbon emissions ●

management of sorghum cultivation across stages such as sorghum

The wastewater stations in Luohan and Huangdi recovered and utilized biogas which was

and the distribution and use of cultivation storage and raw material

transported to the energy center for heating. During the year total biogas recovery reached

procurement to provide data support 3.5352 million cubic meters reducing carbon emissions by 51352 tonnes.organic inputs optimize resource

allocation and improve energy for the continuous improvement of

efficiency. cultivation models and the reduction

of the agricultural carbon footprint.Biomass

Production and Manufacturing Stage

We continue to advance energy conservation and carbon reduction across the production and manufacturing process.Focusing on electricity thermal energy and biomass energy we implement systematic upgrades through energy mix

optimization energy recycling and reuse and improvements in facility energy efficiency thereby substantially reducing

carbon emissions during manufacturing.

47 48In 2025 Luzhou Laojiao’s Intelligent Packaging Center implemented

measures such as utilizing renewable energy improving electricity

efficiency and offsetting carbon emissions. It successfully passed Environmental Compliance Management

the audit conducted by the internationally recognized certification

body Centre Testing International Co. Ltd. (CTI) and obtained

verification and certification under the ISO 14068-1:2023 standard. Luzhou Laojiao upholds the Environmental Management Philosophy that "Happy life originates from green production" and

This officially made it a carbon-neutral factory. follows the environmental protection management principles of "regulatory compliance clean production energy efficiency

and continuous improvement." The Company has established an environmental compliance management system covering

the full value chain and all business operations and continues to optimize key areas such as pollutant management to drive

In 2025 Luzhou Laojiao its green development.Purchased green electricity reducing carbon emissions Environmental Management

certificates totaling by approximately Carbon Neutrality Carbon Offset

Certification Certificate

6360 3877 Centered on the three pillars of institutional development risk prevention and control and capability enhancement the MWh tonnes Company continues to advance environmental protection from compliance-driven operations to strategic guidance thereby

reinforcing its environmental management system.Logistics and Transportation Stage

Environmental Management System

The Company continues to advance the low-carbon transformation of its logistics operations with a focus on on-site

operations and urban distribution. By promoting cleaner forklifts intelligent equipment and more consolidated distribution it We strictly comply with applicable laws and regulations including the Environmental Protection Law of the People's

systematically reduced carbon emissions across the logistics and transportation segment. Republic of China and the Regulations of Sichuan Province on Environmental Protection. Guided by internal policies such

as the Environmental Management Manual the Collection of Environmental Protection Management Systems and the

Carbon Reduction Practices in Transportation Environmental Protection Responsibility System and Assessment Management System we have established a well-structured

environmental management framework with clearly defined responsibilities as well as a three-tier environmental governance

Electrification of Intelligent Upgrading of

Distribution Network Consolidation structure featuring unified leadership by the Ecological Environment Protection Committee overall coordination by the Office

On-site Vehicles Loading Equipment of the Ecological Environment Protection Committee (i.e. the Ecological Environment Protection Center) and implementation

by functional departments and production units.Al l 7 diesel fork l i f ts were The Company introduced 3 electric The Company advanced urban distribution projects

replaced with electric forklifts intelligent loading devices on a pilot in 29 key cities and by 2025 had completed the

reduc ing ca rbon d iox ide basis achieving a loading efficiency of delivery of over 1.5 million pieces cumulatively. Environmental Governance Structure and Responsibilities

emissions by approximately 1200 pieces per hour. While improving Orders were delivered within 24 hours with 15%

24 tonnes for the year and operational efficiency these devices fulfilled within 7 hours. While enhancing the Chaired by the Chairman who serves as the primary person

effectively lowering on-site also reduced energy consumption and customer experience the Company also reduced

Decision-making Ecological Environment Protection accountable for environmental management it provides mobile source emissions. carbon emissions in the loading process. carbon emissions through route optimization and Level Committee

consolidated delivery. overall leadership for the Company's environmental

strategy and targets.Distribution Center and Store Operations Stage Responsible for coordinating and advancing environmental Management Office of the Ecological Environment

Level Protection Committee protection work across the Company and for conducting

By leveraging intelligent technologies and integrated management the Company effectively improves energy and resource daily supervision.utilization in logistics distribution and store operations thereby reducing operational carbon emissions. Staffed with dedicated environmental protection personnel

Implementation Functional departments and who are responsible for implementing the Company's

Carbon Reduction Practices for Distribution Center and Store Operations Level production units environmental management requirements.The Company rolled out fully automated unmanned loading unloading and delivery technology The Company continued to strengthen its target-oriented responsibility system for environmental protection. Led byDeploy for packaging materials nationwide. Through App-based instructions autonomous delivery by the Ecological Environment Protection Center the Company strictly adhered to the management principle of “sharedUnmanned unmanned vehicles and electronic waybill management it enabled precise coordination acrossDelivery Systems accountability between Party and government and dual responsibilities for each post” set annual ecological environment the "goods-distribution station-unmanned vehicle-central warehouse-production line" chain protection targets and cascaded them through each level to ensure responsibilities were assigned across all levels and

reducing the number of delivery vehicles by 50% and doubling efficiency. processes. During the year the Company organized 31 departments (units) to sign target responsibility agreements and

The Company completed its annual planning for warehousing resource allocation and inventory conducted regular oversight through semi-annual and annual performance assessments to ensure the effective achievement

Advance Green levels at non-local transit warehouses while continuing to advance racking upgrades at of environmental protection targets.Upgrades in

Warehousing third-party warehouses. These efforts improved warehouse space utilization and operational In 2025 the Company was not subject to any major administrative penalties imposed by ecological environment authorities

efficiency while reducing energy and resource consumption. or other relevant departments nor was it held criminally liable as a result of environmental incidents.

49 50In 2025 Luzhou Laojiao The Company conducts systematic emergency drills across multiple business segments including packaging brewing and

health baijiu covering typical environmental and safety incident scenarios such as wastewater leaks hazardous waste leaks

Invested a total of baijiu leaks and chemical leaks in order to comprehensively test and strengthen emergency response capabilities at each

stage. In 2025 the Company carried out a total of 11 emergency drills involving more than 435 employees.The Company has RMB 33.0243 million in

obtained ISO 14001

Environmental environmental management

Management System Special Emergency Drill for a Baijiu Leakage Incident

certification including

In June 2025 Luzhou Laojiao organized the Liquor Design and Management Center to conduct a

RMB 12.71 million in energy special emergency drill for a baijiu leakage incident at the Huangyi Distilling Ecological Park. The drill

conservation and efficiency upgrades simulated a sudden leak during loading and unloading operations at the baijiu warehouses effectively

testing the full emergency response process from incident reporting and leak control to perimeter

security evacuation and environmental risk control. It also significantly enhanced employees' practical

Environmental Risk Prevention and Control response skills and risk awareness providing a solid safeguard for the Company's workplace safety

and risk prevention.We strictly comply with national and applicable local environmental protection laws and regulations in the locations where

we operate and have established and continuously refined internal systems such as the Management System for Laws and

Regulations on Ecological Environmental Protection and Evaluation of Environmental Factors the Information Reporting and

Emergency Management System for Environmental Emergencies and the Management System for Investigation and Control

of Potential Environmental Hazards. In doing so we have built an environmental risk prevention and control mechanism

covering identification monitoring assessment and management.Environmental Risk Prevention and Control System

● The Company has strengthened its dual prevention mechanism for risk classification and control as well as hazard

identification and rectification by conducting comprehensive inspections specialized inspections and routine

inspections on a regular basis thereby continuously improving the efficiency of hazard identification and remediation. Emergency Drill

In 2025 the Company conducted 12 comprehensive and specialized hazard inspections and more than 76 routine

inspections;

● The Company has improved a multi-dimensional monitoring network that integrates automated monitoring third-party

Environmental manual monitoring and internal manual monitoring systems enabling real-time monitoring and dynamic management

Risk Monitoring of pollutant discharge and ensuring that emissions remain consistently compliant with applicable standards; Conducted 2025 Comprehensive Environmental Emergency Drill

Mechanism ● In response to the requirements of the Department of Ecology and Environment of Sichuan Province the Company

comprehensively advanced the standardized development of the environmental emergency management framework

of “one letter one list and one card.” Through the step-by-step signing of the Letter of Commitment on Environmental On November 24 2025 Luzhou Laojiao together with Xinglu Wastewater Treatment Company

Safety Responsibility it strengthened accountability at all levels. It also prepared the List of Environmental Risk

Prevention and Control Measures covering 17 risk units to specify risk substances and response procedures and conducted a comprehensive environmental emergency drill at the Luohan Distilling Ecological Park. The

developed 22 department-level the Emergency Response Cards to ensure responsibilities were assigned to designated drill simulated the full emergency response process for wastewater management at the Luohan base

posts and emergency response was managed in a closed loop thereby systematically enhancing its emergency under negotiated discharge arrangements during severe weather conditions in the flood season along

management capabilities for environmental incidents. the Luzhou section of the Yangtze River covering early warning issuance process control adjustments

corporate coordination and emergency pipeline repairs.● The Company had established and implemented the Compliance Identification and Evaluation List for Ecological

Environmental Protection organized relevant departments to carry out compliance assessments and on-site This drill enhanced the Company's coordinated prevention and control capabilities for environmental

inspections and prepared the Evaluation Report on Ecological Environmental Protection Compliance. This enabled

Environmental a comprehensive review of its adherence to environmental regulations and based on the assessment results the risks under extreme conditions and provided the industry with a model for collaborative response to

Risk Assessment Company developed targeted improvement measures to continuously strengthen environmental management complex environmental risks.Mechanism capabilities at the local level;

● The Company regularly conducts environmental risk assessments across all production areas dynamically classifies risk

levels and develops and implements targeted risk control measures to ensure that all environmental risks remain under

effective control.● The Company has prepared environmental risk assessment reports and emergency resource investigation reports

for environmental emergency incidents and filed them with the competent regulatory authorities in accordance with

applicable requirements;

Emergency ● In accordance with the requirements of the Luzhou City Emergency Preparedness for Severe Pollution Weather

Response to (2024 Revision) and other relevant documents the Company has established an emergency response mechanism for

Environmental severe pollution weather and developed corresponding control measures for the three warning levels—red orange

Risks and yellow—covering construction dust boiler operations air emission-related processes and vehicle transportation

thereby ensuring the effective implementation of emergency emissions reduction requirements; 2025 Comprehensive Environmental Emergency Drill Site

● The Company regularly conducts environmental emergency drills to strengthen the response and incident-handling

capabilities of its emergency teams and enhance their practical preparedness for sudden incidents.

51 52Environmental Protection Capacity Building

Luzhou Laojiao consistently treats environmental protection capacity building as an important pillar of greener development. Luzhou Laojiao integrates environmental protection culture into the core of its corporate development. Through ongoing

Focusing on knowledge enhancement skills strengthening and the integration of environmental protection culture the communications systematic knowledge sharing and diversified practical activities the Company continues to foster a strong

Company continues to build a highly capable and forward-looking environmental protection talent pool through systematic culture in which everyone cares about environmental protection and all employees actively participate helping transform

training hands-on drills and themed competitions providing sustained momentum for the long-term advancement of environmental protection from an institutional requirement into a conscious employee practice and reinforcing the cultural

ecological environment protection. foundation for greener corporate development.Environmental Protection Culture Initiatives at Luzhou Laojiao in 2025

In 2025 Luzhou Laojiao

conducted environmental including company-level department-level

training sessions sessions sessions

● To mark key occasions such as “National Low-Carbon Day” and “June

21 2 6 Ongoing Thematic 5 Environment Day” the Company displayed promotional materials in Communications more than 70 high-traffic areas across its operations fostering a strong

atmosphere of employee-wide participation in environmental protection.specialized sessions total duration participants

13 57.5 hours 9393

● The Company prepared and issued its first Ecological Environment Protection

Handbook providing a systematic overview of its environmental protection

achievements and management requirements to enhance employees’

Training on Enhancing Corporate Environmental Governance Capacity awareness and understanding of environmental protection.Systematic

Knowledge The Company developed a Safety and Environmental Protection PocketbookOn September 26 2025 Luzhou Laojiao organized a specialized training session on enhancing Sharing featuring a content structure that combines “general knowledge + position-specific topics” making it easy for employees to reference and learn fromcorporate environmental governance capacity under the theme of “Targeted Training for Stronger at any time. This helped establish an environmental protection knowledgeGovernance.” The session featured Qin Dongcai a national expert in ecology and the environment management system covering all employees all positions and all

and was attended by more than 100 participants including the Company’s deputy General Manager operational procedures.Director of Safety and Environmental Protection heads of various departments and environmental

protection personnel.The training covered Xi Jinping Thought on Ecological Civilization emerging developments in ● The Company organized five themed events including "Eco-Environmental Protection Main

environmental protection key compliance management priorities and past case studies. It supported Theme Film Screenings" and "Beautiful Luzhou Laojiao I Am the Presenter" attracting more than

the shift in environmental protection management from a “compliance-driven” to a “strategy-driven” 3000 participations in total collecting over 20 outstanding submissions and generating more

approach while strengthening employees’ capabilities in environmental risk identification prevention than 140000 "Green Sprout Points" effectively enhancing participation in and the impact of

environmental protection initiatives.and control.● The Company held the "Youth Philanthropy · Environmental Protection Market" circular reuse event

for used items featuring interactive activities such as second-hand item exchange blind-box ring

toss and an environmental protection prize wheel. The event encouraged employees to take part

in offline green lifestyle practices and promoted both the reuse of used items and the spread of

Diversified environmental awareness.Activities

Training on Enhancing Corporate Environmental Governance Capacity

53 54Wastewater Management 2025 Wastewater Discharge Performance

The Company has established the Water Pollution Prevention and Control Management System under which the Ecological Indicator Unit Data of 2025

Environment Protection Center exercises unified oversight and management responsibilities forming a well-structured

routine water pollution prevention and control framework with clear accountability. Total wastewater discharge Tonnes 1307370.28

We have built and operate wastewater treatment systems at the two major brewing ecological parks in Huangyi and Luohan COD emissions Tonnes 277.69

using an integrated process of "pre-treatment + anaerobic treatment + aerobic treatment + advanced treatment" supported

by biogas recycling odor control sludge disposal and intelligent central control modules. This ensures that effluent quality BOD emissions Tonnes 37.79

consistently meets the requirements of the Discharge Standard of Water Pollutants for Fermented Alcohol and Distilled

Spirits Industry (GB 27631-2011) while advancing wastewater treatment in a coordinated manner with resource utilization Ammonia nitrogen emissions Tonnes 15.09

and cleaner production and continuously improving the overall effectiveness of water pollution prevention control and

treatment. Total phosphorus emissions Tonnes 11.50

Resource Utilization of Distilling Wastewater Waste Gas Management

In 2025 Luzhou Laojiao advanced the implementation of a negotiated discharge agreements Luzhou Laojiao strictly complies with the Emission Standard for Air Pollutants for Boilers the Emission Standard for Air

mechanism for distilling wastewater under which distilling wastewater is used as a supplemental Pollutants for Thermal Power Plants the Integrated Emission Standard of Air Pollutants and other applicable standards."carbon source" for municipal wastewater treatment delivering dual benefits in pollutant reduction The Company has established and implemented its internal Air Pollution Prevention and Control Management System with

and resource utilization. Following implementation the Company is able to provide downstream the Ecological Environment Protection Center assuming unified oversight and management responsibilities to ensure the

wastewater treatment plants with a stable annual supply of approximately 900 tonnes of "carbon systematic implementation of air pollution control efforts and clear accountability.source" creating a sustainable governance model that enhances environmental and operational The Company continues to improve its waste gas treatment management system to ensure the stable and efficient operation

benefits in a coordinated manner. of all treatment facilities with pollutant emission indicators consistently outperforming national standards. In practice

the Company has extensively adopted low-nitrogen combustion technology and flue gas recirculation systems effectively

Luohan Distilling Ecological Park Wastewater Treatment Station reducing the intensity of nitrogen oxides emissions. To address waste gas from fugitive emissions it has also conducted trials

of enclosed spreading and cooling processes to minimize dispersed steam escape during production thereby continuously

Distilling Pre- Anaerobic Aerobic Advanced Online monitoring enhancing the overall effectiveness of waste gas treatment.wastewater treatment treatment treatment treatment system

Biogas recovery and utilization Green Upgrades to Line-Haul Transport Vehicles Effectively Reduce Waste Gas Emissions

Discharge into Advanced In 2025 Luzhou Laojiao worked with logistics suppliers at the Luohan Distilling Ecological Park and natural water UV disinfection AAO Pre-treatment

bodies treatment the Intangible Cultural Heritage Inheritance Center to systematically advance green upgrades to its

transport fleet ensuring that all heavy-duty freight vehicles used for transporting raw and auxiliary

Municipal Wastewater Treatment Plant materials hazardous goods and hazardous waste fully met China VI or higher emission standards

thereby reducing air pollutant emissions from mobile sources during road transportation.Schematic of the Negotiated Discharge Arrangement for Distilling Wastewater

Waste Gas-Related Emission Reduction Targets

Wastewater-Related Emission Reduction Targets12

By 2026 reduce the total ammonia nitrogen discharged into the external environment from the Luohan By 2026 reduce the nitrogen oxide emission By 2030 reduce the nitrogen oxide emission

Distilling Ecological Park by 30% compared to 2024. concentration in boiler exhaust gases at the concentration in boiler exhaust gases at the

Huangyi Distilling Ecological Park by 20% Xiaoshi Distillery Base by 60% compared to

compared to 2022. 2025.

12 T he calculation is based on the pollutant concentration of the effluent discharged by the downstream wastewater

treatment plant into the receiving water body.

5556

Short-term

target

Short-term

target

Long-term

target2025 Air Pollutant Emission Performance

Indicator Unit Data of 2025 Packaging Materials and Waste Management

Total waste gas emissions Cubic meters 824753910.59

Guided by the principles of "green circular and low-carbon development" Luzhou Laojiao systematically advances

Particulate matter Tonnes 0.10

packaging material reduction and waste recycling. Focusing on material innovation process optimization and the

Sulfur oxides emissions Tonnes 0.60 development of circular systems the Company continues to reduce its environmental footprint and build a green closed-loop

system spanning the entire lifecycle of design production use and recycling.Nitrogen oxides emissions Tonnes 24.70

Smoke and dust emissions Tonnes 0.45 Packaging Material Management

Upholding its green development philosophy Luzhou Laojiao is comprehensively advancing the environmentally friendly

Control of Noise and Other Pollutants transformation of the packaging process by establishing dedicated management bodies and end-to-end standards systems formulating and implementing the green packaging strategy systematically managing potential operational risks and

continuously tracking quantitative targets.Luzhou Laojiao has incorporated the prevention and control of noise odors and other pollutants into its environmental

management system. In accordance with national environmental protection standards the Company has established internal Governance

policies including the Management System for Prevention and Control of Environmental Noise Pollution and systematically

implemented source control and process-based pollution management. In the procurement of packaging materials decisions are guided by the Company’s management meeting with oversight

provided by the Procurement Supervision and Management Department and procurement executed by the Packaging

In noise management the Company strictly complies with the Law on Noise Pollution Prevention and Control of the People's Material Purchasing and Supply Center thereby continuously strengthening a scientific and precise packaging materials

Republic of China. Through measures such as adopting low-noise equipment installing vibration-damping devices and assurance system.strengthening equipment maintenance and operating procedures it ensures that plant boundary noise levels consistently

outperform national standards. In odor control the Company applies technologies such as enclosed collection with covers Strategy

and biofilters to reduce the generation and dispersion of odor-causing substances at the source. In 2025 the Company

maintained a 100% compliance rate for noise and odor emissions ensuring long-term and effective control of environmental

impacts. The Company has established a green packaging strategy to reduce the environmental impact of its packaging and is

pursuing systematic optimization focused on resource conservation pollution prevention and control and circular utilization

with the aim of enhancing the packaging function’s ecological benefits while improving economic impact.Green Packaging Strategy

Optimizing packaging design Greening packaging transformation

Reduce packaging’s reliance Promote the circular utilization

on natural resources through of packaging materials and

improved packaging design foster a green packaging

and material selection. industry chain.Enhancing recyclability Promoting green packaging

Reduce packaging waste Communicate environmental

generation and promote the awareness through greener

use of biodegradable and packaging and encourage

recyclable materials. consumers to adopt green

lifestyles.

57 58Management of Impacts Risks and Opportunities

Packaging Upgrade Initiatives Under the Luzhou Laojiao Industrial 4.0 Project

We have fully embedded packaging material management into the corporate Risk management framework systematically identifying

potential risks and opportunities associated with packaging materials in strategic execution and day-to-day operations and applying

targeted controls across materials carriers design and production processes. In 2025 the Luzhou Laojiao Industrial 4.0 project carried out a systematic optimization of product

packaging structures fully eliminating cardboard inserts pads and outer PE plastic bags. Based on

Packaging Material Management Initiatives annual production estimates the project is expected to reduce the use of approximately 700000

sets of cardboard inserts 7 million pads and 42 million PE plastic bags each year equivalent to

Elimination reducing corrugated paper consumption by approximately 462 tonnes and PE plastic consumption by

of plastic ● Through material innovation ink optimization and upgrades to printing processes the Company has fully approximately 126 tonnes. This has significantly enhanced the environmental profile of the Company’s

strapping eliminated plastic strapping for outer packaging reducing PE plastic use by approximately 1156 tonnes

for outer per year. products and promoted the supply chain’s transition toward lighter and greener packaging.packaging

● By deploying standardized smart carriers in conjunction with automation equipment production line

efficiency has increased to 15000-18000 bottles per hour improving loading unloading and transfer

Promotion of efficiency while reducing the risk of breakage-related pollution.standardized

recyclable ● The Company has fully rolled out standardized recyclable carriers provided by specialized third-party Metrics and Targets

carriers companies for unified use in packaging and transport. Damaged carriers are centrally collected for reuse

and this initiative is expected to reduce the use of approximately 3.5 million reusable shipping cartons

each year. Luzhou Laojiao proactively sets packaging recycling and reduction targets driving green optimization and efficient utilization

of packaging materials through technological innovation and refined management practices. In 2025 for its Industrial 4.0

product lines (National Cellar Series Cellar Age Series Tequ Laozihao Series and Nostalgia Series) the Company reduced the

Standardization

of bottle By optimizing the internal structure of bottle caps the Company addressed technical challenges such as use of PE plastic bags by 42 million cut cardboard inserts by approximately 700000 sets and decreased pads by 7 million

neck and cap bottle neck breakage and the low-temperature issue known as “stacked teeth” enabling standardized sheets thereby significantly cutting down on packaging material consumption.structures compatibility between bottle caps and bottle necks across multiple products.Adoption a

greener starch- The Company used starch-based adhesive in corrugated cartons paper bags paper boxes and other packaging products improving environmental performance while significantly enhancing production Target Progressbased adhesive

process efficiency and packaging safety.With 2025 as the baseline year the Company In 2025 the share of renewable content in

aims to increase the proportion of renewable packaging was 32.9%

● The Company continues to focus on the experimental exploration and practical application of eco-friendly

materials driving the green transformation of the packaging industry. Pilot initiatives involve replacing content in packaging to 38% by 2030.traditional packaging with environmentally friendly materials (such as biodegradable plastics recycled

paper plant-based fibers etc.). By comparing the differences between eco-friendly and conventional

packaging the Company aims to communicate the concept of "prioritizing eco-friendly packaging" to With 2025 as the baseline year the Company In 2025 the Company attained a packaging

consumers and promote the development of "green choice" consumption habits. Previously relevant tests aims to achieve a packaging recyclability rate of recyclability rate of 54.83%.have been conducted on processes such as biodegradable paper tray models. The Company is currently

exploring the feasibility of eliminating film coating on gift boxes to reduce the use of plastic materials. 60% by 2030.Packaaina

circulation and ● The Company is actively exploring the feasibility of implementing environmental labeling on product

recvclina packaging as a means to intuitively and clearly convey green development concepts to consumers. By

using legible fonts and distinctive color schemes the Company ensures that consumers of all age groups

can easily recognize the labels balancing environmental considerations with practicality.● In product packaging design the Company is exploring the secondary use of packaging materials. Packaging material consumption in 2025

Through clever integration of design concepts different packaging materials are endowed with reusable

functions guiding consumers to reduce the discarding of packaging waste achieve circular utilization

and avoid environmental pollution caused by improper disposal. The use of single-use packaging is also

being minimized to reduce the generation of packaging waste at the source. Indicator Unit Data of 2025 Indicator Unit Data of 2025

Glass consumption Tonnes 112080.71 Plastic consumption Tonnes 8457.95

The Company continues to advance the green transformation of the supply chain by extending environmental protection

management across the value chain. All packaging material suppliers are required to strictly comply with the Company’s policies Metal consumption Tonnes 415.74

and standards and to collaborate on the R&D and application of greener materials jointly building an environmental protection Other packaging materials Tonnes 3711.43

system spanning procurement production and logistics. We have established 11 safety and environmental protection management consumptionCeramic consumption Tonnes 1237.61

evaluation indicators and together with third-party institutions conduct audits of packaging material suppliers’ production processes Total packaging materials

raw material use and environmental risks. Based on these audits we issue the Report on Proposals for Environmental Protection Wood and paper Tonnes 67585.67 Tonnes 193489.11consumption

Production of Packaging Materials to drive continuous improvement in environmental performance across the supply chain. consumption

59 60Waste Management

Demonstration Project for Coupled Utilization of Energy and Resources from Distilling Waste

Luzhou Laojiao places great importance on standardized end-to-end waste management. Guided by clear targets theCompany has strengthened its governance system advanced its environmental management strategy and implemented In 2025 Luzhou Laojiao completed the demonstration project for the “Coupled Utilization Technologydedicated waste management measures to establish a full-chain governance model covering waste generation treatment for Thermochemical Energy Conversion and Resource Recovery from Distilling Waste” with a total

and resource utilization thereby delivering both environmental benefits and economic impact. investment of RMB 71 million. The project has the capacity to process 100000 tonnes of distilling

waste per year and incorporates an intelligent coupled system integrating drying pretreatment energyGovernance13 conversion and brewing processes. Through the integrated “thermochemical biochar-soil improvementmaterials-green cultivation” technology the project generates more than 4000 tonnes of biochar

annually. Its pyrolysis gas can also replace more than 3 million cubic meters of natural gas each year

The Company strictly complies with applicable regulatory requirements including the Management System for Transfer delivering carbon emission reductions of more than 10000 tonnes.Manifests of Hazardous Waste the Standard for Pollution Control on Hazardous Waste Storage the Regulations of Sichuan

Province on Prevention and Control of Environmental Pollution by Solid Waste and the Notice on Enabling Electronic

Management Ledger for General Industrial Solid Waste. It has also formulated and implemented internal systems such as the

Standardized Management System for General Solid Waste the Standardized Management System for Hazardous Waste

and the Operation Management System for Pollution Prevention and Control Facilities ensuring systematic and standardized

management of solid waste and hazardous waste from generation through final disposal.Strategy

We have developed a waste management strategy to drive the shift from "end treatment" to "source reduction and high-

value utilization" converting by-products such as distiller's grains into high-value resources including feed and fertilizer

and thereby turning waste into useful resources. By building a green closed-loop model integrating "brewing-recycling- Demonstration Project for Coupled Utilization of Energy and Resources from Distilling Waste

agriculture" we ultimately transform environmental protection investment into sustainable competitive advantage and

economic benefits.Metrics and Targets

Management of Impacts Risks and Opportunities

Waste-Related Emission Reduction Targets Solid Waste Discharge Performance in 2025

To effectively manage waste-related risks and opportunities the Company applies end-to-end management to solid

waste including classified collection standardized storage and professional disposal. It has also established a solid waste Indicator Unit Data of 2025

management information system covering all operations enabling digital tracking and record-keeping across the entire

process from generation and transfer to disposal. In the management of hazardous waste the Company strictly implements Total hazardous waste Tonnes 45.22

the transfer manifest system and entrusts qualified third-party institutions with compliant disposal ensuring full-process By 2026 reduce the total discharge

traceability and verifiability. For general industrial solid waste the Company actively promotes comprehensive utilization sludge production at the Total non-hazardous waste

projects including reusing spent grain and recycling waste pit mud to improve the level of waste resource utilization. Luohan Distilling Ecological

Tonnes 389784.62

discharge

Park by 30% compared to Hazardous waste Tonnes/million gross industrial

2024. discharge intensity output value 0.004

Non-hazardous waste Tonnes/million gross industrial

discharge intensity output value 31.00

In 2025 Luzhou Laojiao

compliant disposal volume of hazardous waste was the comprehensive utilization volume of

45.22 general solid waste reached tonnes 382742.42 tonnes

the resource utilization rate for entrusted solid

waste treatment was

13 The waste management framework is the same as the environmental governance framework. 98.33%

6162

Short-term

targetWSR Energy-Saving Technology Retrofit Project for the Grain Steaming Machine at the

Energy and Resource Management Huangyi Distilling Ecological Park

In 2025 Luzhou Laojiao carried out a WSR energy-saving

technology retrofit for the grain steaming machine at the

Luzhou Laojiao has incorporated energy and water resource management into the overall framework of Green Operation. Huangyi Distilling Ecological Park enabling the recovery and

Guided by the core approach of “structural optimization efficiency improvement and circular utilization” the Company reuse of thermal energy from exhaust gas through heat

systematically advances lean energy efficiency management and intensive water use to further enhance the overall exchange and steam recovery processes. The technology

efficiency of energy and resource utilization. converts waste steam into fresh steam that meets process

requirements after purification and pressurization. At the same

time it reduces energy consumption and through condensation

Energy Management lowers particulate matter emissions and VOCs in the exhaust gas. In 2025 the project reduced steam consumption by WSR Energy-Saving Technology Retrofit

approximately 15885 tonnes saved 1658.93 tonnes of standard Project for the Grain Steaming Machine at

The Company continues to improve its energy management system by establishing energy-saving initiatives at both coal and reduced carbon dioxide emissions by 2990.35 the Huangyi Distilling Ecological Park

the leadership level and within each production unit thereby creating a three-tier comprehensive energy management tonnes significantly improving energy efficiency while lowering

framework covering decision-making management and execution. The Company has also formulated and implemented the environmental emission risks.Measures for Energy Management Assessment establishing a systematic mechanism for monitoring and assessing energy

consumption and continuously improving energy use efficiency through quarterly evaluations. Energy Performance of Luzhou Laojiao in 2025

In terms of the assessment mechanism the Company has implemented a three-tier system for decomposing energyconsumption targets and conducting performance assessments across the “the Company - Distillery Company - energy- Indicator Unit Data of 2025using units” levels. Assessment indicators cover key energy efficiency parameters including the comprehensive energy Non-renewable energy consumption Tonne of standard coal 78749.99

consumption per tonne of liquor and water consumption per tonne of liquor. At the same time we have incorporated

assessment results into compensation and performance management at each level effectively motivating all employees to Renewable energy consumption Tonne of standard coal 781.64

participate in energy-saving initiatives and jointly advancing the Company’s green and low-carbon operations. Comprehensive energy consumption14 Tonne of standard coal 79531.64

Tonne of standard coal/million gross industrial

Comprehensive energy consumption intensity

output value 6.33

Energy-Saving Target Target Achievement Status

Using the actual 2021 energy efficiency level (1101 In 2025 energy consumption per unit of product Water Resource Management

kilograms of standard coal equivalent per kiloliter) decreased by 1.89% year on year exceeding the

as the baseline the Company has committed to energy-saving target. Luzhou Laojiao consistently regards water conservation and efficient water use as a key pillar of its green development efforts. The

reducing the comprehensive energy consumption Company continues to strengthen its management systems and significantly improve water-use efficiency through technological

per unit of product by no less than 0.4% year on innovation and system optimization delivering both economic and ecological benefits.year each year from 2023 to 2025.Governance

Luzhou Laojiao strictly complies with the Water Law of the People’s Republic of China and has established an internal Energy

Management System to define requirements for water resource supply and use management. At the same time the Strategy and

Combined Heat and Power Project at Huangyi Distilling Ecological Park ESG Committee under the Board of Directors oversees water resource-related strategy and performance while the Company has

put in place a structured water management framework led by the General Manager as the ultimate person in charge. Supported

by dedicated departments and specialized roles with clearly defined responsibilities and authorities at each level this framework

In 2025 Luzhou Laojiao completed a combined heat and ensures standardized management across the full water resource lifecycle from planning and use to overall administration and

power system at the Huangyi Distilling Ecological Park continuously improves water-use efficiency and management capability.ensuring the park’s energy self-sufficiency through a

model that coordinates heat supply with power generation Strategy

based on thermal demand. While meeting the heat

requirements of distilling operations the project enables Guided by the principle of “prioritizing water conservation” we continued to advance systematic water-saving management

more than 86.66% electricity self-sufficiency during the and further strengthen the strategic management of water resources. The Company has established a performance assessment

production period. Total annual power generation reached mechanism centered on water consumption per unit of product set differentiated water-consumption control targets for each

approximately 22.9862 million kWh equivalent to saving energy-using department and regularly tracks progress against these targets. In 2025 water consumption per unit of product at the

4050 tonnes of standard coal and reducing carbon Company’s major distilling units outperformed annual targets demonstrating the continued effectiveness of its strong water resource

emissions by 7171.48 tonnes significantly improving the management practices.park’s overall energy efficiency. Combined Heat and Power Project at the

Huangyi Distilling Ecological Park

14 Comprehensive energy consumption includes diesel natural gas purchased electricity and the energy conversion factor is based

on the values specified in GB/T 2589-2020 General Rules for Calculation of the Comprehensive Energy Consumption.

63 64Management of Impacts Risks and Opportunities Concentrated Water Resource Utilization

The Company has identified water-use risks and opportunities at each stage adopted advanced water-saving processes and In 2025 Luzhou Laojiao carried out concentrated water resource utilization

intelligent monitoring systems improved water-use efficiency in production and actively utilized alternative water sources. upgrades at Luohan and Huangyi Distilling Ecological Park. At Luohan the

It has also focused on building a water recycling system that runs through the entire production process and incorporated Company built a concentrated water collection and transfer system to recover

water-saving and recycling requirements into supplier management driving the industrial chain to enhance water resource concentrated water previously discharged to the wastewater treatment

resilience collectively. The company has applied the most advanced water-saving technologies and processes throughout all station for use in workshop cleaning thereby reducing tap water consumption.its relevant operations. At Huangyi based on the discharge characteristics of concentrated water

the Company installed branch pipelines and metering facilities to transfer

Water-Saving Practices at Each Stage the water for park flushing and landscaping. Together these two measures

enabled the recovery and alternative use of 87400 tonnes of concentrated Concentrated Water

water during the year replacing fresh water use and delivering coordinated Transfer System

benefits in both water conservation and emissions reduction.● By upgrading water treatment equipment and replacing Level I reverse osmosis product

Water water with Level II reverse osmosis concentrate and concentrate reverse osmosis product Rainwater Harvesting

production water the Company increased the water recovery rate of the water treatment system to

71% achieving annual water savings of 32600 tonnes. The Company strictly complies with the Water Law of the People’s Republic

of China and implements the sponge city concept. We actively carry out

rainwater recycling and reuse initiatives to reduce the consumption of tap

water. At present the company’s rainwater collection area is approximately

494000 square meters with an annual rainwater collection volume of about

● By adopting hot-water lithium bromide absorption refrigeration technology and using 247000 tonnes. The collected rainwater is primarily used for purposes such as

waste heat to drive refrigeration the Company achieved closed-loop circulation of cooling green space irrigation road cleaning and fire drills. Rainwater Harvesting Tank

Circulating water delivering annual water savings of 2544500 tonnes and a recycling rate of over

water 85%. Supporting systems were installed in 100% of newly built brewing workshops.● Huangyi Baijiu Industry Park has advanced water recycling by further reusing bottle- Metrics and Targets

washing water from the Intelligent packaging center which had already undergone

secondary use in the exhaust gas treatment unit. After being pressurized by a Luzhou Laojiao proactively sets and continuously tracks water resource management metrics and targets. The Company has

wastewater discharge pump the water is conveyed to Jiugu Lake within the park for established comprehensive water-related goals covering all business scopes to reduce water consumption such as the overall

ecological and landscape replenishment. Over the past six months approximately 10000 leakage rate of the water supply network. The Company has also set a water reduction target for all suppliers across the supply

tonnes of water have been reused in total. chain. These efforts are focused on improving water-use efficiency advancing water conservation and emissions reduction and

safeguarding water resource security.Luzhou Laojiao Water Resource Management Targets Suppliers Water

● Constructed water storage ponds and collected rainwater for irrigation at sorghum Conservation Target

cultivation bases.Key Indicators 2026 Target Progress in 2025

Production ● Installed backwash devices and flatted spray nozzles on cooling spreaders improving With 2025 as the

water-saving efficiency by more than 10%. baseline year the

Systematically recovered and reused huangshui tail water and pot-bottom water in pit Cooling water recirculation Increase to over 85% 87.26% Company aims to reduce ●

maintenance cleaning and other processes while conducting pilot initiatives to reduce rate suppliers' water use

pot-bottom water discharge and extend the distillation cycle achieving cumulative intensity by an average Overall leakage rate of the

annual water savings of approximately 125000 tonnes. Reduce to within 10% 9.14% of 1.5% per year by 2030.water supply network

2025 Water Resource Use Performance

● Implemented a cascading reuse system for bottle-washing water reusing water from

inner-bottle cleaning for outer-bottle cleaning and then recycling it for toilet flushing Key Indicators Unit Data of 2025 Key Indicators Unit Data of 2025

Packaging saving approximately 120000 tonnes of water annually.● Through process optimization the Intelligent Packaging Center reduced water Reuse of reclaimed water Tonnes 454516 Total freshwater intake Tonnes 2914435

consumption per tonne of liquor by approximately 15.78% year on year. Volume of circulating water Tonnes 2955289

Total water consumption Tonnes 2914435

Volume of rainwater reuse Tonnes 247000

Cooling water recirculation

rate % 87.26 Tonnes/million

In addition the Company is committed to reducing water consumption among all suppliers across the supply chain. In 2025 Water consumption intensity gross industrial Utilization rate of alternative 231.80output value

water consumption by filling service suppliers decreased by 31.30% year on year. water sources % 15.75

65 66Sustainable Agriculture Practices

Biodiversity Conservation Themed Activity

Luzhou Laojiao has deeply embedded biodiversity conservation into the development of its organic agriculture system

systematically fostering a production model in which agriculture and nature coexist in harmony through measures including On December 11 2025 Luzhou Laojiao organized environmental protection personnel and employeeoptimized planting patterns ecological prevention and control of pests and weeds and habitat protection. representatives from various departments to hold the themed activity “Drinking from the Same RiverProtecting the Gulls” in Dongmenkou Jiangyang District Luzhou. Through a combination of on-site red-

Biodiversity Conservation billed gull feeding and themed lectures the activity incorporated the concept of ecological preservation in the Yangtze River Basin into Corporate Culture initiatives. It enhanced employees’ awareness of

local species protection promoted biodiversity conservation awareness across the Company and

The Company has established a sustainable agriculture management system through its organic sorghum base. Focusing demonstrated the Company’s commitment to ecological preservation.on biodiversity conservation We apply a systematic agronomic management approach and promote the coordinated

development of agricultural production and natural ecosystems through diversified planting ecological pest and weed

control and habitat maintenance. This has enabled the formation of an ecological agriculture model with industry-wide

demonstration value effectively supporting local biodiversity conservation and the health of farmland ecosystems.Biodiversity Conservation Measures at the Organic Sorghum Base

● To address invasive alien species such as Canada goldenrod lantana and dodder the Company

continues to carry out prevention and control measures through training and awareness-raising

coordinated group-based prevention and control and routine patrol inspections thereby safeguarding

the stability of local ecosystems;

● By preserving natural vegetation within the base and establishing ecological buffer zones that provide

habitats for wildlife such as birds the Company has created a natural barrier for farmland ecosystems

and promoted ecological balance. These efforts have also transformed the base into a vibrant micro-

Protection ecosystem making it an integral part of the Company's greener management across the entire industry

of Species chain "from field to table;"

Diversity

● The Company promotes the use of natural pest predators such as parasitic wasps ladybugs

and trichogramma for biological pest control thereby supporting ecological balance in farmland

ecosystems and increasing the diversity and abundance of phytophagous insects and their natural

enemies;

● The Company adopts diversified planting models including crop rotation intercropping and relay

intercropping to enhance vegetation diversity in farmland and provide richer habitats and food sources

for different organisms.● The Company comprehensively promotes the cultivation of organic sorghum strictly adheres to

national organic standards prohibits the use of chemical pesticides and fertilizers and provides

Development farmers with organic fertilizers and biological agents free of charge;

of Organic ● The Company advances the R&D and demonstration of carbon-based organic fertilizers derived from

Agriculture distilling waste converting by-products such as distiller's grains into organic fertilizers and creating a

closed-loop cycle of "planting-brewing-returning to the field" thereby effectively increasing soil organic

matter content. Biodiversity Conservation Themed Activity

● The Company has established a management mechanism for cultivated land areas plans planting In 2025 Luzhou Laojiao

areas in a rational manner and implements crop rotation and fallow periods to improve soil fertility and

Protection reduce soil erosion;

of Land conducted more than covering over

Resources ● Through production base development technical training and guaranteed-price procurement

mechanisms we have helped bring abandoned farmland back into cultivation restore vegetation

cover and improve the regional ecological environment. 400 technical training sessions on organic production management 30000 person-times

67 68Excellence

Pursuing the Highest

Standards of Product Quality

Through Craftsmanship

Luzhou Laojiao consistently puts consumers at the center of

its operations embedding product quality and service control

throughout the entire industry chain from raw grain planting and

brewing production to marketing and systematically building

a quality management system that covers the full product life

cycle. Leveraging digital technology platforms the Company has

made every stage controllable verifiable and traceable thereby

strengthening the value foundation for its high-quality development

through enduring product quality.Product Safety and Quality 71

Excellent Customer Service 80

Responsible Marketing 83

Intellectual Property Protection 85Strategy

Product Safety and Quality

Guided by the quality philosophy of "making the quality of Chinese baijiu visible" the Company has formulated its "Intelligent

Distilling 4.0" quality strategy with the goal of "deepening the digitalization of total quality management15 establishing the

Three Comprehensiveness16 to continuous improvement and advancing enterprise excellence in performance".Product safety and quality are the lifeline of the Company’s survival and development. Guided by high standards the

Company consistently advances high-quality development fosters a safety and quality culture with the participation of all

employees and provides consumers with exceptional products and services. Implementation of the "Intelligent Distilling 4.0" Quality Strategy

Governance ● Advancing the intelligent transformation and upgrading of distilling processes with notable

improvements in capacity expansion quality enhancement and efficiency

We have formulated management documents such as the Measures for the Management of Daily Control Weekly Inspection ● Intelligent packaging has strengthened industrial coordination and the Luzhou Laojiao

and Monthly Scheduling of Food Safety Risks established a three-tier quality management structure with the Strategy and Intelligent Packaging Center— the first facility in the baijiu sector of China built to "Lighthouse

ESG Committee as the highest responsible body and appointed a chief quality officer to comprehensively oversee quality Equipment Factory" standards—has officially commenced operations

management food safety quality assessments emergency management and related work. upgrade

● Replacing manual operations with instrumentation offline procedures with online processes

and conventional methods with rapid ones

Product Quality Management Structure

● Promoting deeper integration among industry academia research and application

● Strengthening the stabilizing role of standards across the industrial chain

● Reviews and approves the Company's annual product quality and Technology

food safety targets management programs major improvement upgrade Promoting the broader application of industrial metrology

initiatives and emergency preparedness plans;

Strategy

Decision- ● Oversees the implementation of responsibilities by all functional

making level and ESG departments and coordinates the resolution of cross-departmental ● Integrating information systems to achieve end-to-end business coordination from R&D and

Committee

product quality and food safety issues; design to after-sales services

● Applying quality data in depth across the entire product lifecycle to drive decision-making

● Reviews the Company's product quality and food safety reports Management

and reports relevant matters to the Board of Directors. upgrade ● Optimizing the quality inspection approach

● Optimizing the structure of quality talent across the industrial chain

●●

Quality Develops standards for the quality management system and Talent Pioneering the industry’s first grid-based chief quality officer system across the industrial

Management and Safety oversees audits and assesses their implementation; upgrade

chain

level Management

● Responsible for the Company's quality risk management

Committee certification and data collection and analysis.

15 Comprehensive Quality Management (TQM) is a quality management system and methodology that dynamically integrates

leading international domestic and industry-wide practices based on the specific development stage of the enterprise.

16 T he "Three Comprehensiveness" (TQM - Total Quality Management) refers to comprehensive quality management that

Office of covers the entire process all employees and the entire organization. Process-wide management refers to Luzhou Laojiao's

the Quality ● Responsible for comprehensively advancing the implementation

Execution comprehensive quality control and quality improvement management which spans from field to palate encompasses end-

level and Safety of product quality management requirements and ensuring that to-end processes across five key value streams and involves the full digitalization of all business operations. Employee-

Management product quality meets the Company's quality standards. wide management refers to the active participation of all Luzhou Laojiao employees in building TQM and engaging in

Committee continuous improvement activities within team-level department-level and corporate-level quality circles. Organization-

wide management refers to the active involvement of all Luzhou Laojiao business units functional departments leadership

and relevant stakeholders in TQM initiatives.

71 72Management of Impacts Risks and Opportunities Industry Chain Quality Management

The Company has systematically identified product quality risks and opportunities. By improving risk control procedures Luzhou Laojiao places the consumer tasting experience at the center of its efforts and continues to deepen its quality

strengthening product recall management and food safety management implementing quality management requirements management model of "from the field to the tip of the tongue." Leveraging its industrial cluster model the Company

across the entire value chain and fostering a quality culture with the engagement of all employees the Company continues extends product quality and safety management upstream to raw grain planting and downstream across warehousing

to reinforce the foundations of product quality. transportation distribution and the consumer end ensuring full quality and safety assurance throughout the product life

cycle.Product Quality Risk Management

The Company has issued a series of standardized documents including the Quality Manual of Packaging Material Suppliers

We have established a sound product quality risk identification mechanism and conduct regular reviews of product quality the Quality Manual of Distilling Raw and Auxiliary Materials Suppliers the Quality Manual for Logistics Enterprises and the

food safety and related areas through a combination of self-inspections internal audits and external audits. Based on audit Quality Manual of Product Distribution Enterprises. These documents set out clear quality requirements for key stages across

findings we develop response plans and urge relevant departments to implement corrective actions enabling targeted the entire industry chain helping prevent quality risks in the supply chain and further strengthen quality management across

prevention and control of product quality and food safety risks. The Company's dedicated audit team also carried out a the entire industry chain.special follow-up review conducting comprehensive audits of the quality safety and measurement management systems Entire Industry Chain Quality Management Mechanism

across 23 departments or units involved in product quality and safety management. All identified issues were required to be

corrected by the relevant departments and were reassessed upon completion of corrective actions ensuring a closed-loop

audit process. As of the end of the reporting period Luzhou Laojiao had achieved a 100% corrective action completion rate The Company actively promotes the organic philosophy and has established organic

for issues identified through audits and had obtained the ISO 9001 Quality Management System Certification. sorghum production bases in more than ten townships across four districts and counties

In 2025 the Company did not experience any incidents arising from quality issues that adversely affected its operations Quality control in Luzhou. Since 2008 it has maintained organic certification for 18 consecutive years.damaged its reputation or resulted in direct economic losses. of raw grains Through sustained innovation and exploration the Company has successfully built a green for distillation organic industry chain spanning "raw materials - brewing - by-products - organic fertilizers

- planting - agritourism" enabling sustainable management across the entire chain from

As of the end of the reporting period the field to the table.the Company had achieved a and had obtained ISO 9001

100% Quality Management System Certification The Company has continued to strengthen end-to-end management of packaging corrective action completion rate material quality and safety by formulating the Measures for Product Pilot Testing

for issues identified through audits Management revising supporting documents such as the Industry 4.0 Packaging Material

Packaging - Labels and the Industry 4.0 Packaging Material - Glass Bottles and establishing a full-

the Company did not experience any incidents arising from quality issues that adversely affected its material process management framework and process quality supervision mechanism. It has set

quality control

operations damaged its reputation or resulted in direct economic losses standardized requirements for the materials structure and manufacturing processes of

new product packaging and effectively mitigates packaging quality risks at the source

through multi-scenario testing that simulates production warehousing transportation and

other conditions.Product Recall Management

The Company strictly complies with the Product Quality Law of the People's Republic of China and the Food Recall The Company has developed the Quality Management Manual for Logistics Enterprises

Management Measures and has formulated and implemented the Product Recall Control Procedures and the Luzhou Laojiao and exercises strict oversight of logistics suppliers to ensure quality and safety in the

2025 Food Safety Emergency Drill and Food Safety Recall Drill Plan (Drill) which clearly define the monitoring early warning Transportation product “last mile.” We have also established an integrated information management quality control

emergency response and recall procedures for product quality and safety emergencies. In 2025 no product recall incidents platform linking the production and logistics systems enabling close monitoring of

occurred at the Company. operations across the entire industry chain and quality and safety management and

oversight throughout the product life cycle.Product Recall Drill

To continuously enhance quality management across the entire industry chain the Company has adopted a dual-track

In March 2025 Luzhou Laojiao organized relevant departments to conduct a product recall drill for approach combining “professional capability + digital empowerment.” It provides specialized training including sessions on

the 2022 edition of 52% vol. National Cellar 1573 simulating a scenario in which excessive mechanical “8D Reports” for chief quality officers of enterprises across the chain to strengthen their quality improvement capabilities.pressure during the capping process caused the bottle cap to crack and the liquor to leak. During the At the same time we organize training programs such as “Digital Transformation and Lean Manufacturing Practices indrill all relevant departments worked in close coordination and responded promptly to the product Manufacturing” and “Supply Chain Data Application and Management” guiding the entire industry chain into a new stage of

quality issue gaining valuable hands-on experience to further strengthen the Company's product digital lean high-quality development and jointly fostering a sustainable quality ecosystem.safety assurance capabilities. As of the end of the reporting period the Company conducted 7412 on-site quality patrol inspections of suppliers’ production

processes identified 27 issues and achieved a 100% resolution rate.

73 74Excellence LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportPursuing the Highest Standards of Product Quality Through Craftsmanship Luzhou Laojiao Co. Ltd.

Food Safety Management

Luzhou Laojiao strictly complies with the Food Safety Law of the People's Republic of China the Food Recall Management

Measures and other applicable laws and regulations. It has further refined internal management policies including the

Measures for Food Safety Officer Management and the Measures for the Management of Daily Control Weekly Inspection

and Monthly Scheduling of Food Safety Risks thereby establishing a solid institutional foundation for food safety

management.The Company has established a food safety governance structure under which the Chairman bears ultimate responsibility

implemented a routine working mechanism of "daily control weekly inspection and monthly scheduling" and fully

incorporated quality and safety requirements into its performance assessment system thereby effectively safeguarding

product quality and consumer rights. During the reporting period the Company reported no food safety incidents.Working Mechanism of "daily control weekly inspection and monthly scheduling"

Primary Responsibility for Food Safety

Chairman of the Board

Quality-related Honors

Food Safety Director

Quality Management Center

Stable and Qualified Products in National Enterprise Committed to "Tianfu Premium Brands" Brand Mark Red Sorghum Production Management Packaging Material Packaging Production Supply Chain

National Quality Inspection Product and Service Quality Integrity Authorization Certificate Company Department Purchasing and Supply Center Department Management Center

Letter of Appreciation on the 30th Co-establishing Unit of the National Certificate for the Survey Summary

Anniversary of the China Food Safety News Baijiu Industry Metrology and Testing and Quality Reputation Commitment

Center (Sichuan) Announcement for "Stable and Qualified

Products in National Quality Inspection"

The Company continues to improve and implement its food safety supervision and inspection system carrying out

International Member Enterprise Recognized for the Quality Integrity comprehensive food safety inspections across three key areas - system control process control and supervision and

Initiative during the 2025 National "Quality Month" inspection - to enhance its food safety management standards.

7576

Equipment Management Department

Energy Management Department

Raw Materials and Excipients

Management Department

Liquor Design and Management Center

Starter-making Center

Ecological Liquor-making Centers

Luohan Liquor-making Centers

Intangible Cultural Heritage Liquor-

making Workshops

Guo Jiao Packaging Production Line

Jiao Ling Packaging Production Line

Te Qu Packaging Production Line

Packaging Production Line 60

Packaging Production Line 24

Packaging Production Line 23

Packaging Production Line 21

Packaging Production Line 20

Packaging Production Line 19

Packaging Production Line 18

Packaging Production Line 17

Warehousing and Logistics Enterprises

Weekly

Daily Control Inspection Monthly SchedulingIn addition we continued to improve the risk-tiered management system for externally procured materials updated the

Food Safety Supervision and Inspection System External Procured Materials Risk List and worked with relevant departments to strengthen internal material controls. During

the reporting period the Company conducted comprehensive food safety assessments on 19 newly introduced materials

System control Process control Supervision and inspection thereby safeguarding product safety and stability at the source. In response to updates to national regulations such as

the General Standard for the Labeling of Prepackaged Foods and the Measures for the Supervision and Administration of

The Company strictly complies with The Company has established The Company has established a food Food Labeling we promptly established a dedicated task force to analyze new regulatory requirements and potential risks

national laws and regulations and a process control system safety supervision system covering associated with the Company’s packaging labels and markings and developed detailed well-founded response plans to

industry standards has established covering the entire food key stages including distilling liquor ensure that product labeling complies with national standards.a robust management system and production process and source management and packaging

developed supporting documents such implements systematic food production and conducts rigorous Quality Culture Construction

as the Food Safety Protection Plan safety risk control across all testing of raw and auxiliary materials

and the Measures for Food Safety Risk key stages including raw grain food contact materials semi-finished Each year the Company organizes activities such as “Quality Month” and provides multi-level multi-dimensional training

Assessment. We have obtained the ISO planting procurement of raw products and finished products. to continuously enhance employees’ awareness of safety and product quality fostering a sustainable culture of product

22000 Food Safety Management System and auxiliary materials and Through regular sampling inspections safety and quality. In 2025 we delivered a total of 22 product quality-related training sessions reaching more than 1200

Certification and in accordance with its packaging distilling source and end-to-end traceability participants.requirements regularly conduct internal management and warehousing mechanisms the Company effectively

audits and external reviews. Through and logistics thereby ensuring identifies potential risks and responds Product Quality-related Training in 2025

continuous monitoring and corrective quality and safety from source promptly ensuring that 100% of

action follow-up we ensure that food to terminal. products meet quality and safety

safety management remains compliant standards. ● Internal auditor training for the quality and environmental management system

effective and continuously improving. ● Training on the implementation of the

● Internal auditor training for the food safety blueprint for the total quality management

Management management system business and IT consulting project

systems andIn 2025 the Company launched an internal reporting system for food safety hazards. Guided by the principles of “full internal audits ● Internal auditor training for the ● Training on the “Implementation Plan forparticipation tiered control closed-loop resolution and continuous improvement” it established a hazard reporting measurement management system Digital Transformation in the Packaging

management system covering the entire lifecycle of food production and operations helping all employees strengthen their Organic system – distilling productionDigital Industry”

transformationmanagement training ● Training on “Manufacturing Digitalfood safety awareness. Transformation and Lean ManufacturingPractices”

Management System for Internal Reporting of Food Safety Hazards

● Training on supply chain data utilization

● Food safety labeling and identification and management

training

Identification and reporting trigger mechanism Graded circulation and control mechanism

● Training on baijiu quality and safety risk

control

● All employees are established as the responsible ● Hazards are classified into general hazards and Risk and ● Training on risk control in alcohol

subjects for reporting safety hazards throughout major hazards for graded control. An electronic regulatory product label content design and

compliance analysis of typical cases ● “Building the Foundation of Food Safety” the entire life cycle of food products. Hazard account is simultaneously established to course series

categories are divided into four types: human- automatically register key information ensuring ● Training on research and screening Online

technologies for unknown food safety courses ● “Baijiu Production Line Operation Guide” related object-related environmental and food full-process traceability of food safety hazard risk substances in alcohol products course series

safety management. Hazard information can be management. Product traceability and recall training ● “Micro Quality” course series●

reported through the web or mobile terminals of the

Company's food safety management system.● QC team activities training

Rapid disposal and feedback mechanism Supervision and optimization long-term mechanism ● Training on key aspects of scientific and

technological project management

● The reported department shall respond and dispose ● An incentive mechanism is set up to encourage all ● Basic knowledge training for baijiu

tasters

promptly scientifically formulate a rectification employees to actively report any hazards so as to

plan for specific hazards clarify responsible achieve pre-control of risks. Quality planning and improvement Professional training

persons rectification measures and time limits. ● The Quality Management Center regularly reviews capability ● Specialized sessions on 8D reporting

After rectification if the hazard is eliminated after hazard data analyzes the root causes of high-

verification the disposal result can be fed back to Training on improving standards drafting frequency hazards and formulates targeted capabilities

form a closed-loop management system. management plans in conjunction with relevant ● Chief engineer's office lecture series by

● If the reported department involves major hazards departments to comprehensively ensure that food academicians and experts

the emergency plan shall be immediately activated to safety risks are controllable. ● Quality trilogy training

prevent risk expansion.

77 78“Quality Month” Series of Activities Excellent Customer Service

In September 2025 Luzhou Laojiao launched its “Quality Month” series under the theme “IntelligenceInspires the Future Quality Creates Excellence” systematically strengthening quality culture through Luzhou Laojiao has always adhered to a “customer-centered” philosophy maintaining a precise understanding of customer

a five-dimensional coordinated approach encompassing publicity interaction competitions skills needs listening carefully to the voice of the customer and their feedback and remaining committed to providing high-quality

contests and knowledge sharing. intelligent solutions. By continuously improving customer satisfaction we strive to earn the long-term trust of our customers.During the campaign we established a multi-channel communications network covering key areas

organized approximately 800 employees to participate in interactive activities such as knowledge Customer Service Systemchallenge stations mobilized more than 400 employees to take part in the “National EnterpriseEmployees Total Quality Management Knowledge Competition” and held an invitational skills We uphold the service principle of “Customer First Reputation Supreme” have established a customer service philosophy

17

competition for quality supervision personnel. At the same time leveraging our system construction system and deliver higher-quality customer service through institutional documents such as the Management Measures for

sharing platform we provided training resources covering 14 categories of system documents 420 After-Sales Service and the Verification Manual 1.0 for Products with Quality Issues.standards 132 baijiu-related regulations and quality information websites. In addition we actively The Company has established a closed-loop management system for customer needs spanning information collection

encouraged more than 10 enterprises across the industry chain to carry out quality awareness verification and handling and result follow-up. This system ensures timely responses to customer needs appropriate

activities in parallel ensuring that quality principles are internalized and translated into action and handling of customer inquiries and prompt resolution of customer issues demonstrating our commitment to a customer-

providing strong support for reinforcing quality and safety defenses across the entire industry chain. centered approach through professional and efficient service.Customer Complaint Resolution Process

Information Collection Verification and Handling Customer Follow-up

● Classify complaint types: product complaints ● Clearly and directly explain the ● Promptly solicit customer

service quality complaints and complaints reasons feedback on the handling

forwarded by law enforcement departments plan

● Verify complaint information

● For complaints not falling into the above three formulate solutions and

categories they will be uniformly submitted to the promptly inform the relevant

customer service supervisor for review and handling parties

We refined our value-added appraisal service mechanism and optimized the appraisal service procedures in line with the

adjusted business model of the Intellectual Property Protection Center. This enables the prompt receipt and handling of

“Quality Month” Series of Activities consumer inquiries complaints and other service requests thereby improving both the quality and efficiency of our appraisal

services. Furthermore to strengthen consumer engagement we have established clear value-added appraisal service

procedures and standardized operating protocols. These measures aim to enhance customer satisfaction and corporate

Metrics and Targets competitiveness which in turn supports the sustained development of customer relationships and promotes product sales.In 2025 the Company recorded 2124 customer complaints achieved a 100% response rate to customer feedback and reached

a 97.18% resolution rate for customer complaints and reached a first-response resolution rate of 89.82% meeting all targets.We have established product safety Product Safety and Quality Management Targets in 2025

and quality management targets Customer Service Targets and Progress in 2025

defined key tasks and assessment Target Completion

criteria and regularly review progress Target Status in 2025 Target Target Achievement Status in 2025

against these targets making adjust-

ments as needed based on imple- 0 food safety incidents Achieved

mentation results to ensure the con- In 2025 the Company received a total of 2124 complaints

tinuous improvement and effective 0 quality incidents related to the structural and functional Complaint resolution rate ≥ 93% from the market of which 2064 were resolved representing a Achieved

performance of new products Achievedexecution of quality management. resolution rate of 97.18%.In 2025 the Company handled a total of 122583 market inquiries

Number of product batch quality issues ≤ 5 per year Achieved First-response resolution rate ≥ 65% of which 110098 were resolved in a single response representing Achieved

a first-response resolution rate of 89.82%.

100% pass rate for external audits of the management system Achieved

17 Refer to page 78 of 2024 ESG Report for details.

79 80The Company has established a regular online-and-offline training mechanism. Through tailored training programs we ● Establish an online service access system spanning multiple platforms and integrating multiple channels

provide frontline customer service teams with systematic instruction on product complaint handling skills key operational

● Integrate third-party platforms to enable unified response and data coordination across multiple channels and systems thereby

procedures and communication protocols across a range of scenarios effectively enhancing the professional capabilities strengthening information integration capabilities

and service standards of relevant personnel. During the reporting period we conducted 14 customer service-related training

sessions reaching more than 1000 participants.● Provide self-service voice support ● Intelligently analyze diverse application

Customer Service-related Awards and Honors in 2025 scenarios including invitation notifications ● Provide around-the-clock intelligent private-domain traffic generation returning-

responses with the option to transfer customer reactivation and survey follow-

complex issues to human agents or ups to enable precise outreach and efficient

automatically generate service tickets

Multi-channel engagement with target customers

● Work in coordination with human agents integration and

to enable systematic classification and unified response

Leverage intelligent speech recognition

natural language processing and big data

precise routing of customer requests analysis to automatically filter out invalid calls

Integrated and capture valid interactions in real time

"2024 Outstanding Case Selection Second Prize in the First Luzhou-Jiangjin China Consumer Magazine's "Customer customer

for Consumer Dispute Mediation ODR Organizations and Smart 315 Platform Service Innovation Exemplary Case" service center

Across Three Areas in Sichuan and Enterprises Consumer Rights Protection Solicitation Campaign — Customer ● Multi-dimensional data dashboard D ● i Online chatbots empower internal service g e

Chongqing" — First Prize Knowledge Competition Service Innovation Exemplary Case ita vic functions

● End-to-end operational monitoring o lp in rm t t s

e

e er ell n rtch ati io ga n en li

ge po ●

n t Provide multiple online consultation channels ● Real-time/offline quality monitoring is te

l p

n su

Customer Satisfaction m I including the official website and App

● Intelligent conversation analysis

Luzhou Laojiao has established a comprehensive research system for customer needs integrating annual surveys quarterly

assessments and ongoing feedback collection to gather insights across multiple dimensions including product quality

service quality logistics and recommendations on digital transformation. This enables us to fully listen to customers' opinions

and concerns. In addition we conduct in-depth analysis of survey results identify customer needs and develop improvement Deepening the Application of the “Five Codes” and Building A Digital Toolkit for Member

measures to continuously enhance service quality. In 2025 the Company conducted a total of 12 customer surveys covering Operations

all distributor customers with more than 3038 customers participating and achieved a customer satisfaction rate of 99%.We remain firmly committed to the principle of "Promoting Supporting and Protecting Business Partners" and actively carry Luzhou Laojiao has continued to advance the digital transformation of marketing using the expansion

out customer support initiatives for distributor customers to help address their challenges. In 2025 the Company verified the and deepening of “Five Codes” application scenarios as a key driver to improve channel operating

disaster impact on 7 distributor customers involving 180.67 pieces of products and helped customers recover RMB 286900 in efficiency and market responsiveness.economic losses demonstrating Luzhou Laojiao's commitment to sharing both prosperity and hardship with its business partners.The Company optimized its core business function

modules enabling distributors to efficiently execute

In 2025 six special initiatives including “Qiangpan” “EaglePlan” and “Banquet.” Among them bottle-opening

volume under the “Banquet” scenario increased by

conducted a total of with more than and achieved a customer 126% year on year. At the same time we developed

satisfaction rate of

12 and rolled out the “Six Tools

18 for Channel Membercustomer surveys covering 3038 customers Operations” effectively increasing activity at

all distributor customers participating 99% terminal outlets.In addition we developed an innovative “compre-Digital and Intelligent Service hensive promoter membership system and inte-grated operating model” successfully incorporating

roles such as restaurant beverage promoters and

Luzhou Laojiao leverages technology to enhance customer service and through a cross-departmental collaboration recyclers into the digital operations system unlock-

mechanism is advancing the development of an integrated customer service center to enable seamless information ing user value more effectively and strengthening Interface of the Digital Tools for Member

connectivity and efficient resource sharing. Supported by an end-to-end service model combining "AI-powered bots human channel competitiveness. Operations

agents and automated work order management" and a dual-channel "hotline + online" service system the Company offers

customers more diverse and innovative service experiences.In 2025 the Company further advanced AI upgrades to its smart customer service system significantly enhancing its

intelligent outbound calling capabilities. As of the end of the reporting period the Company had conducted a total of 101

outbound calling tasks reaching 2.0563 million interactions. 18 The six major components include points levels benefits tasks activities and content.

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outboOverview of Responsible Marketing Training in 2025

Responsible Marketing

The Company organized training on "Advertising and Publicity Case Analysis" for new media operations

staff communications personnel and other relevant employees to strengthen the professional capabilities

Luzhou Laojiao has consistently prioritized responsible marketing by strengthening responsible marketing audits and of personnel engaged in publicity-related work.compliance training standardizing brand communication and promotional activities actively promoting responsible drinking

and effectively safeguarding consumer rights and interests. The Company produced 24 informational videos covering basic anti-counterfeiting authentication

knowledge for multiple company products. With cumulative views reaching 30 million these videos

provided consumers with accessible educational resources on the authentication of alcoholic products and

Responsible Marketing effectively safeguarded consumer rights and interests.The Company provided anti-counterfeiting authentication training to a wide range of stakeholders

The Company strictly complies with the Anti-Unfair Competition Law of the People's Republic of China the Advertising Law including public security authorities at all levels market regulation authorities people's procuratorates

of the People's Republic of China the Law of the People's Republic of China on the Protection of Consumers' Rights and people's courts frontline sales personnel distributor customers and consumers. A total of 233 training

Interests and other applicable laws and regulations. It has formulated and publicly disclosed the Luzhou Laojiao Co. Ltd.

19 sessions were delivered reaching 5672 participants and exceeding 277 cumulative training hours.Responsible Marketing Policy which strictly prohibits any form of exaggerated messaging false advertising and similar

misconduct and establishes authenticity and transparency fair competition and responsible guidance as the fundamental

principles of marketing activities to protect the interests of customers. At the same time we have strengthened distributor

management by incorporating responsible marketing requirements into contract terms guiding upstream and downstream

partners to jointly foster a healthy and orderly market environment. Responsible Drinking Advocate

Responsible Marketing Audit In promoting and communicating the culture of Luzhou Laojiao baijiu Luzhou Laojiao has consistently advocated responsible drinking. The Company clearly states alcohol content on product packaging and prominently includes messages such as

"Advocating responsible drinking" and "No Sales to Minors" in advertisements across all media channels reaching approximately

Each year the Company conducts systematic responsible marketing audits covering the full scope of its marketing 980 million audience impressions in total and actively fostering a healthy responsible drinking culture across society.operations including 30 core marketing scenarios. We have established a market expense oversight mechanism featuring

“pre-event risk warning in-process real-time control and post-event sample inspection and review.” Through the use At the brand activity level the Company closely integrates responsible drinking advocacy with experiential innovation.of digital tools for real-time monitoring and on-site spot checks together with quarterly special audits and annual joint Through unique activities such as the "Cellar Master Festival" "Ice JOYS" and the "Floating Museum" it strengthened

inspections we comprehensively ensure the authenticity and regulatory compliance of expense utilization. At the same time consumer engagement by setting up responsible drinking check-in areas and other interactive formats to promote a culture

the Company continues to advance the digitalization of responsible marketing auditing by connecting the entire regulatory of responsible drinking. These activities reached more than 60000 participants in total and generated over 128 million

data chain and building a rapid-response mechanism for market changes thereby ensuring that regulatory data is reliable impressions.and fully traceable throughout the process and creating a positive closed-loop system of “data-driven - business feedback -model iteration.” In 2025 the Company had established a cumulative total of 35 marketing risk control models conducted 4

joint audits and 13 special audits and completed 8602 on-site inspections and 8342 document reviews triggered by warning In 2025

alerts. During the reporting period the Company recorded no compliance risk incidents related to brand communications.reaching approximately these activities reached more than and generated over

Responsible Marketing Training 980 million audience 60000 participants in total 128 million impressions

The Company has incorporated the principles of responsible marketing into its employee development system making it a impressions in total

mandatory component of new employee onboarding. In addition the Company provides at least one dedicated responsible

marketing training program for all employees each year to ensure that all marketing personnel fully understand and

strictly comply with the Company’s external communications policies and relevant laws. The Company also delivers diverse

responsible marketing training programs covering policy interpretation case analysis and other relevant topics to strengthen "National Responsible Drinking Awareness Week" in 2025

employees’ capabilities in responsible marketing.During the reporting period we carried out responsible marketing training centered on five laws and regulations including Luzhou Laojiao in partnership with the China Alcoholic Drinks Association organized the 2025

the Advertising Law of the People's Republic of China the Law of the People's Republic of China on the Protection of "National Responsible Drinking Awareness Week" campaign under the theme "Care for Growth No

Consumers' Rights and Interests and the Anti-Unfair Competition Law of the People's Republic of China. By combining case- Drinking Until Adulthood." Through coordinated online and offline activities the campaign promoted

based instruction with online training we achieved 100% employee coverage for responsible marketing training and the rate responsible drinking culture simultaneously across five major cities including Beijing and Shanghai.of employees meeting compliance awareness standards exceeded 95%. During the campaign the Company mobilized more than 25 stores to pledge not to sell alcohol to

minors and further raised awareness of underage drinking prevention by displaying themed banners

posting promotional materials and placing warning notices in prominent in-store locations.

19 https://www.lzlj.com/esg/policies/11167.html

83 84Intellectual Property Protection In 2025 Luzhou Laojiao became the first company in China's baijiu industry

to receive the ISO 56005 Level III certificate for the Innovation and Intellectual

Property Management Capability.Luzhou Laojiao strictly complies with the Patent Law of the People's Republic of China the Trademark Law of the People's

Republic of China the Copyright Law of the People's Republic of China the Enterprise Intellectual Property Management In 2025 Luzhou Laojiao registered 59 new trademarks had cumulatively filed

Standards and other applicable laws regulations and standards. The Company has also established internal policies and 657 invention patent applications related to its principal business and held 504

manuals including the Administrative Measures of Luzhou Laojiao Co. Ltd. for the Use of "National Cellars" and "Luzhou valid patents.Laojiao" as Corporate Trade Names and the Intellectual Property Management Manual to strengthen the acquisition ISO 56005 Level III certificate for the

maintenance utilization and protection of intellectual property. Innovation and Intellectual Property

Management Capability

With the Product Authentication Service Center as the lead management department the Company has established an

intellectual property protection management framework. It has also built a system for intellectual property protection

management and anti-counterfeiting authentication that covers the entire product life cycle. This system is supported In 2025

by establishing a product authentication service center which operates a product authentication anti-counterfeiting

authentication laboratory and product authentication service stations developing the "Jiuzhiwei" case management system registered had cumulatively filed

and assembling a professional team of authenticators. These measures collectively enable a professional end-to-end

operational process that spans from lead identification and sample authentication to legal rights protection. 59 new trademarks 657 invention patent applications related to its principal business

Organizational Structure of the Product Authentication Service Center

and held

Product Authentication Service Center 504 valid patents

Annual New Patent Performance in 2025

Luzhou Laojiao

Product Authentication Luzhou Laojiao Product

Anti-Counterfeiting Authentication Service General Office

Internal Expert External Expert

Laboratory Station

Authentication Panel Authentication Panel Indicator Unit Data of 2025

Number of new invention patent applications during the year / 115

Number of new utility model patent applications during the year / 46

Product Authentication Service Stations

Number of new invention patents granted during the year / 40

Luzhou Laojiao has consistently upheld the core values of "putting consumers at the center and Number of new utility model patents granted during the year / 39

treating product quality as a guiding principle" while steadily advancing the development of product

authentication service stations. These stations provide customers with a high-quality service platform

integrating a range of functions including product authentication anti-counterfeiting awareness rights Cumulative Patent Performance in 2025

protection assistance and brand experience.As of the end of the reporting period the Company had established 15 product authentication service Indicator Unit Data of 2025

stations in 15 key cities authenticated more than 1.1 million bottles of products cumulatively.Cumulative number of invention patent applications / 675

Cumulative number of utility model patent applications / 462

Cumulative number of invention patents granted / 251

Cumulative number of total utility model patents granted / 411

Plaque Presentation Ceremony for Product Authentication Service Stations (Partial)

We regularly organize internal training and sharing activities on intellectual property protection. During the reporting period

we held two related training sessions to strengthen employees’ awareness of intellectual property protection.

85 86Establishing the “Four-in-One” Training System to Develop A Professional Intellectual Property

Protection Team The 2025 3rd Liquor Industry Intellectual Property Protection Seminar

The Company is driving the transformation of its training

system from a fragmented experience-driven model to a On June 15 2025 the 3rd Liquor Industry Intellectual Property Protection Seminar jointly organized

systematic digitally-driven one. It is enhancing the four- by Luzhou Laojiao the Innovation and Competition Law Research Center of Sichuan University

in-one training and development ecosystem built around Law School the Tianfu Intellectual Property Research Institute and IP Finance was convened

"systems instructors courses and digitalization." successfully. The seminar themed “Liquor Intellectual Property Protection in the Context of a New Era”

brought together experts from the judiciary law enforcement and academia as well as corporate

To comprehensively enhance the professional capabilities representatives for in-depth discussions on topics including intellectual property protection and market

of its intellectual property protection team the Company order in the liquor sector in the context of new quality productive forces. During the event the White

employs a "plenary sessions + small-group workshops" Paper on Intellectual Property Protection in China’s Liquor Industry (Phase III) was officially released. Intellectual property protection training

training mechanism. In the plenary sessions we invite senior The white paper systematically reviews current industry conditions distills practical experience and

lawyers university experts and other scholars to deliver lectures on laws and regulations related to puts forward well-grounded recommendations providing important theoretical support for the high-

intellectual property protection helping employees build a solid legal foundation. In the small-group quality development of the liquor sector.workshops we provide targeted courses on practical anti-counterfeiting and rights protection digital

evidence collection and regional case analysis to sharpen hands-on skills. Furthermore by conducting

reviews of anti-counterfeiting measures for physical samples and routine job-based drills and

assessments we effectively promote the conversion of foundational knowledge into practical expertise.“Jiuzhiwei Forum · 2025 Luzhou Laojiao Seminar on Past Case Studies in Intellectual PropertyProtection”On November 28 2025 Luzhou Laojiao hosted the “Jiuzhiwei Forum · 2025 Seminar on Past CaseStudies in Intellectual Property Protection” in Guangzhou. The seminar brought together representatives

from relevant government authorities in Luzhou invited university scholars and partner law firms

to explore leading issues and practical strategies in intellectual property protection across the baijiu

sector of China.The seminar provided an in-depth review of Luzhou Laojiao’s 2025 past case studies in intellectual

property protection covering key areas such as innovative applications of punitive damages rights

protection on online platforms and the protection of three-dimensional trademarks thereby effectively

advancing the refinement of enforcement strategies and greater coordination in implementation. Inaddition the seminar featured extensive discussions on two topics—“Practical Issues in Civil CasesInvolving Liquor Intellectual Property” and “Online Infringement Issues Relating to Liquor IntellectualProperty” —offering systematic and professional approaches to addressing emerging challenges in

liquor intellectual property protection. The 2025 3rd Liquor Industry Intellectual Property Protection Seminar

Seminar on Luzhou Laojiao’s Past Case Studies In Intellectual Property Protection

87 88Cohesion

Bringing Together Diverse

Talent to Create Shared

Progress

Employees are the core driving force behind the Company’s

development. Luzhou Laoj iao cont inuously improves i ts

employment policies and compensation and benefits system

effectively safeguards the lawful rights and interests of employees

and systematically advances talent development and career

growth. The Company places a high priority on workplace safety

and is committed to fostering an equitable diverse inclusive and

healthy work environment with the aim of enhancing employees’

sense of belonging and overall well-being.Employee Rights and Protection 91

Employee Training and Development 96

Employee Communication and Care 101

Health and Safety 105"Breaking Boundaries Shaping the Future" 2025 University-Enterprise Collaboration Open

Employee Rights and Protection Day Event

From July 9 to 11 2025 Luzhou Laojiao successfully hosted the "Breaking Boundaries Shaping the

Luzhou Laojiao upholds compliant employment practices promotes diversity and equality and strictly prohibits child labor Future" 2025 University-Enterprise Collaboration Open Day event attended by 16 faculty members and

and forced labor. By expanding recruitment channels and optimizing compensation and incentive mechanisms the Company 58 students from 8 universities including Shanghai Jiao Tong University and Wuhan University. Through

actively attracts and motivates talent while integrating ESG principles into performance management to foster a fair and company tours discussions and job-seeking experience sharing sessions the event comprehensively

vibrant environment for employee development. showcased the Company's brand image and culture effectively supporting campus talent recruitment.Overall satisfaction with the activity exceeded 90%; in subsequent recruitment efforts the company

Employee Hiring received nearly 600 resumes from graduates of the aforementioned universities.Luzhou Laojiao strictly complies with applicable laws and regulations including the Labor Law of the People's Republic of

China the Labor Contract Law of the People's Republic of China and the Social Insurance Law of the People's Republic of

China. The Company has also developed and implemented internal policies such as the Recruitment Management Measures

and the Employee Code of Conduct and Labor Discipline Management Measures to regulate its recruitment procedures.The Company upholds the principles of diversity equality and non-discrimination in employment and treats all employees

fairly regardless of race gender religious belief or cultural background. We strictly prohibit child labor and all forms of

forced labor with working hours and other employment terms clearly stipulated in labor contracts and collective agreements.In 2025 the employee labor contract signing rate reached 100% and employee participation in social insurance also reached

100% with no incidents of child labor forced labor or discrimination reported. In addition the Company adheres to the

principle of equal pay for equal work and provides equal employment and development opportunities for women persons with

disabilities and other groups. During the year the Company employed 52 individuals from disadvantaged backgrounds20.To effectively support Strategy implementation and meet the talent needs arising from business development we continued

to expand multiple talent acquisition channels including campus recruitment social recruitment and internal selection while

steadily advancing specialized recruitment programs such as “Baijiu Scholars” “Cellar Newcomers” and “Elite Cellar Talents.”

During the year the Company successfully hosted the “Break Boundaries Cellar the Future” 2025 University-Enterprise "Breaking Boundaries Shaping the Future" 2025 University-Enterprise Collaboration Open Day Event

Cooperation Open Day and organized the campus recruitment “National Cellar Trip” attracting more outstanding young

talent to join the Company and bringing fresh momentum to the development of China's baijiu industry.Talent Recruitment Projects

"National Cellar Trip" Event

"Elite Cellar Talents" "Baijiu Scholars" "Cellar Newcomers"

Recruitment Project Recruitment Program Recruitment Program In 2025 Luzhou Laojiao successfully organized the 2025 Fall Campus Recruitment “National Cellar Trip”

This program focuses on recruiting Focused on frontline professional Focused on frontline market roles event. As a flagship brand initiative that has been running for 14 consecutive years this year’s program

talent in digitalization and liquor-making functions this program actively this program actively recruits continues with the theme “Awakening Youth Fragrance for the Future” attracting more than 220

technology continuously optimizing recruits emerging talent for a new generation of talent to outstanding students from universities across China. Through in-depth engagements including final-the talent mix and strengthening the the baijiu sector of China and promote the culture of Luzhou round interviews for multiple positions on-site visits to core brewing facilities and the “Youth MicroCompany's long-term competitive edge. provides cross-disciplinary Laojiao baijiu. Through market- TALK” session the program comprehensively showcased the Company’s achievements in heritage

Each "Elite Cellar Talent" is paired with development to cultivate well- based training across multiple preservation and innovation laying a strong foundation for campus recruitment and talent pipeline

a mentor and given opportunities to rounded professionals who regional rotations participants are development.participate in key initiatives including the understand the Company's core gradually developed into industry-

Company's Digital Transformation and value chain and can contribute leading marketing experts and

production technology advancements efficiently across functions. senior management professionals.enabling accelerated development

through hands-on practice.In 2025 the Company held a total of 19 recruitment presentations and following multiple rounds of assessment—including

preliminary interviews written exams second-round interviews and the final "National Cellar Trip" assessment—welcomed

186 fresh graduates to the Company.

2025 Fall Campus Recruitment “National Cellar Trip” Event

20 Luzhou Laojiao's difficult employees mainly include migrant workers persons with disabilities and demobilized veterans.

91 92The Company actively promoted the digitalization and scientific advancement of talent selection to improve the accuracy and

efficiency of recruitment assessment. We introduced an AI interviewer tool into the recruitment process to conduct intelligent

evaluations of candidates based on the talent competency model across dimensions such as learning agility systematic

thinking and communication effectiveness generating recommendation ratings and scores to empower talent selection

through technology. As of the end of the reporting period the tool had been applied to functional and technical positions

supporting more than 2000 interviews in total. For the recruitment of key positions the Company adopted a computerized

adaptive assessment system integrating three tools—Cognitive Ability Tendency Assessment (CATA) psychological risk

assessment and GPI21 personality assessment—to accurately identify candidates’ overall capabilities and role fit through

multidimensional in-depth data insights. As of the end of the reporting period the system had completed more than 20000

assessments in total.During the reporting period the Company had a total of 3912 employees22 including 60 women in Middle Management and

Senior Management positions.During the reporting period

Total number of including Total Employee

employees 60 Turnover Rate women in Middle Management

3912 and Senior Management positions 6.16%

Employee Turnover in 2025

Employee Overview of the Company in 2025

Number of employees by gender Number of employees by age group Employee Turnover Rate by Gender (%) Employee turnover rate by age group (%) Employee turnover rate by type (%)

12675006.13

4.58

3.02

1319

264520931.581.841.30

0.000.03

Number of male employees Number of female employees Aged below 30 Aged 31-50 Aged 51 and above Male emploees Aged 30 below Senior management

Female employees Aged 31-50 Middle management

Number of employees by educational background level Number of employees by type

Aged 51 and above Entry-level employees

27897023728

12

22

172

399Recognized among the TOP 100 of the 2025 “ChinaAnnual Best Employer” awards jointly launched by

Below associate degree level Bachelor's degree and Senior Middle Entry-level Zhaopin the Center for Social Research of Peking

associate degree holders management management employees University the National School of Development at

Postgraduate degree and Number of employees with Peking University and other leading institutions

above holders doctoral degrees

21 G PI stands for Global Personality Inventory a highly important and advanced standardized personality assessment tool. Its core

objective is to thoroughly evaluate candidates’ personality traits and behavioral styles in a scientific and quantitative manner.

22 “China Annual Best Employer” TOP 100 Awards R efers to the total number of employees in Chinese mainland excluding those from Hong Kong Macao Taiwan and overseas.

93 94Employee Compensation and Benefits Employee Training and Development

Luzhou Laojiao implements a post-grade performance-based salary system with compensation comprising three Luzhou Laojiao is committed to building a systematic multi-dimensional framework to support employee growth.components: basic salary post-grade salary and performance-based income. The Company also integrates ESG-related Underpinned by sound institutional mechanisms the Company continues to refine its skills training and career development

indicators including environmental management occupational health and R&D and innovation into its performance system effectively safeguarding employees' lawful rights and interests comprehensively enhancing the overall capabilities

assessments. In 2025 the Company revised its Compensation Management Measures to further optimize the application of and professional competence of industrial workers and advancing the reform of the workforce. These efforts lay a solid

performance assessment results. foundation for the shared sustainable development of both the Company and its employees.The Company is committed to building a fair compensation system and promoting a market-oriented distribution model

centered on “performance co-creation risk sharing and achievement sharing.” Through an assessment mechanism of “sharingbenefits and bearing losses” it has strengthened digital performance management and enhanced the Company’s internal Employee Advancement

vitality.Corporate Benefits System In 2025 the Company revised key policies including the Promotion Management Measures and the Position Management

Measures optimized its promotion pathways and mechanisms and established a clear policy framework for career growth.Based on its understanding of bottlenecks in talent development the Company comprehensively optimized its dual-channel

career development system covering both management and professional tracks. The new system is designed to broaden

employees' career pathways accelerate promotion opportunities and strengthen compensation incentives and has been

fully implemented through a combination of policy communication mindset alignment tool-based support and practical

execution.Statutory Benefits Corporate Benefits During the reporting period the Company conducted one company-wide policy communication session nearly 30

departmental Q&A sessions and multiple rounds of specialized sessions. At the same time it completed company-wide

● Endowment insurance medical ● Inclusive benefits such as holiday greetings birthday greetings employee adjustments to position and compensation alignment talent placement under the nine-box grid framework and the annual

insurance unemployment physical examinations the distribution of sanitary products for female promotion process.insurance maternity insurance employees wedding souvenirs newborn gifts recuperation benefits for model

employment injury insurance workers and condolence payments; Dual-Channel Career Development Pathways

and housing provident fund ● Enterprise annuity and multi-level supplementary medical insurance;

● Housing allowance rental allowance job allowance transportation allowance Managers at all levels across the Company pursue personal growth and development by Management Track

and summer and winter allowances; strengthening their management and leadership skills.● Marketing training subsidies learning organization awards and other benefits.Professional Track By continuing to deepen their expertise in specialized fields employees can grow into

recognized experts within the Company and across the industry.Launching an Extended Medical Leave Plan

Employee Training

In 2025 the Company systematically rolled out an extended medical leave plan to provide institutional

support for eligible active employees who are unable to perform their duties over the long term due The Company remains committed to employee development and has During the reporting period

to serious illness. The plan covers employees who meet the required length-of-service threshold. Upon introduced the Course Management Measures and the Internal Lecturer

application and approval employees may during their leave period continue to receive benefits Management Measures to establish qualification standards and a

including basic salary seniority-based pay and benefits related to the five social insurances and systematic training framework aligned with its career pathways. To address invested

two funds. This plan has effectively addressed employees' practical needs while demonstrating the the competency needs of employees across different job families and at

Company's sense of responsibility and human-centered care. As of the end of the reporting period 9 different stages of development We have designed and implemented tiered RMB 13.94 million

employees had been enrolled in the plan. and tailored training programs under the "Sailing Plan" training system in employee training

systematically enhancing employees' overall capabilities.Luzhou Laojiao has implemented a restricted stock incentive plan covering directors senior executives middle management During the reporting period the Company invested RMB 13.94 million in conducted

and core business leaders effectively enhancing team motivation and organizational vitality. As of the end of the reporting employee training conducted 1814 training sessions and delivered nearly

period the plan covered a total of 500 senior executives middle management personnel and core key personnel 360781.99 total training hours representing an average of 94.54 training 1814 training sessions

representing 12.8% of all employees. hours per employee.

95 96"Sailing Plan" Training System 2025 Training Activities

Drone Operator Licensing Training

● Designed for new employees recruited through campus hiring and experienced hires

Sailing Start this program helps new joiners integrate into the Company more effectively transition

Plan – New quickly into their roles and become job-ready; In July 2025 the Company organized a 25-day drone operator licensing training program (CAAC certificate) at

Employee Luzhou Vocational and Technical College for 20 employees from its production sales and functional departments.Training ● In 2025 the Company conducted 11 sessions under the Set Sail Plan training series with Through this program participants developed drone operation skills and emergency management capabilities

a total of 874 new employee attendances and 222.5 cumulative training hours. further strengthening the Company's skilled worker talent pool.● For P1 and O3 level employees this program strengthens corporate culture integration

and job role awareness helping them quickly become familiar with their responsibilities

Submersible and operational standards improve job performance and enhance their ability to work

Voyage Plan independently;

– P1/O3 Level

Employee ● In 2025 a total of 2 specialized training sessions were conducted with 94 participant

Training attendances;

● In 2025 the P1/O3 online learning roadmap was distributed to 1032 employees.● For P2 and O4 employees this program provides enhanced training focused on core Drone Operator Licensing Training

skills and competencies systematically strengthening their professional expertise and

practical problem-solving abilities;

Fast-track Plan

● In 2025 a total of 9 training sessions were conducted covering 467 employees;

● In 2025 the P2/O4 online learning roadmap was distributed to 1442 employees. Mental Health Support and Professional Development Training

In November 2025 the Company held the second session of Mental Health Support and Professional Development

Training attended by more than 50 Trade Union personnel. Upon completion of the program 11 participants received

Level C certificates in mental health education and 40 received Level B certificates effectively strengthening the

● For key employees specialized sessions were conducted on topics including professional capacity of employee mental health support services.communication teamwork project management and review and reflection techniques

continuously strengthening their core capabilities and professional expertise;

Voyage Plan

● In 2025 12 specialized training sessions were conducted on topics such as

communication teamwork project management and mindset development reaching

approximately 200 employees.● For middle-level managers and department specialists the Company in line with

its near-term and medium- to long-term development needs delivered company-

wide training on topics including developments in large-model technologies and their

Leadership Plan enterprise applications as well as business human resources management alongside

specialized training for newly promoted middle-level managers;

● In 2025 a total of 8 training sessions were conducted covering approximately 180

employees. Mental Health Support and Professional Development Training

97 98Cohesion LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportBringing Together Diverse Talent to Create Shared Progress Luzhou Laojiao Co. Ltd.

2025 Employee Training

Middle Management Training

During the reporting period

In 2025 to address business development and management enhancement needs the company conducted Total number of Total employee training hours Average training hours

comprehensive training for middle management in digital transformation and human resource management. It employees trained per employee

implemented the 'Transition Program for Newly Promoted Middle Managers' assisting 32 newly promoted managers 360781.99 hours

in transitioning from business backbones to versatile leaders. Additionally the company provided access to external 3816 94.54 hours

high-quality courses for mid-level managers with cumulative participation exceeding 120 attendances. These

initiatives collectively enhanced the leadership and comprehensive capabilities of the middle management team.Employee training by gender Employee training by employee level

12603634

170

12

2556

Training Site Male employees Female employees Senior Mid-level Entry-level

management management employees

trained employees trained trained

We support employees in enhancing their professional abilities and skill levels encouraging them to participate in various

Frontline Management Training skill certifications and professional title evaluations. The company has established systematic certification plans and

incentive policies providing consultation services to employees. For employees who obtain professional title certificates

and skill certificates the company offers corresponding allowance incentives and reimburses relevant training assessment

In 2025 the Company organized a specialized training camp for frontline management personnel with both and evaluation fees as required. In 2025 the company organized independent evaluations for intermediate and primary

foundation-level and advanced classes. The foundation-level class was designed for 28 supervisor-level reserve professional titles in the liquor engineering field as well as vocational skill level certifications. It conducted theoretical and

personnel and focused on frontline management methods and problem-solving skills. The advanced class was practical training on relevant professions for skilled personnel effectively enhancing the overall quality and capabilities of the

designed for 21 workshop directors and assistant managers and systematically strengthened team leadership workforce.through courses such as Frontline Management Matrix and Task Management. Through a combination of theoretical

instruction and focused seminars the program effectively reinforced the practical capabilities and management Professional Title Assessment

competence of frontline management personnel.Professional title assessments covered more than 70 employees of whom 43 were

approved including 23 at the intermediate level and 20 at the assistant level.Skills accreditation and training Professional and technical personnel

covered more than 340 employees across various disciplines participated in

with 210 successfully certified professional title assessments and initial

including 23 senior technicians 63 evaluations with a total of 73 employees

technicians 65 senior workers and obtaining certificates including 4 with

59 intermediate workers. senior titles 14 with deputy senior titles

Training Site of the Specialized Training Camp 25 at the intermediate level and 30 at

the assistant level.

99 100Employee Care

Employee Communication and Care

Luzhou Laojiao adheres to an employee-centered approach building a comprehensive employee care system and

continuously strengthening employees’ sense of belonging and organizational cohesion.Luzhou Laojiao is committed to continuously enhancing employee satisfaction and well-being by providing diverse The Company places great importance on targeted assistance for employees in need. In 2025 it revised the Administrative

communication channels and regularly organizing a wide range of employee care initiatives thereby fostering a harmonious Measures for Assistance Funds for Employees in Need clarifying the usage requirements for three categories of assistance

and supportive workplace. funds: emergency relief living allowances and education subsidies. During the reporting period the Company granted major

and fixed-amount financial assistance to employees on 193523 occasions and applied for relevant education subsidies for the

Employee Communication children of 10 employees. Total assistance provided to employees in need for the year amounted to RMB 1.0319 million.The Company places great importance on safeguarding employee rights and interests and advancing democratic Supporting Employees in Need

management. By establishing a well-structured Trade Union system we effectively represent and protect the legitimate

rights and interests of employees and foster harmonious stable labor relations. At the same time the Company regularly During the 2025 Spring Festival Lin Feng Deputy Secretary of the Party Committee and General

convenes workers' congresses to strengthen democratic management mechanisms facilitate communication among Manager of the Company led members of the leadership team and middle management in visiting 52

employees and promptly hear and respond to employee concerns. In 2025 the Company convened a workers' congress at employees in need extending the Company’s care and support to them.which attending representatives reviewed and approved drafts of multiple policies with a 100% approval rate.To improve and strengthen its employee feedback mechanism the Company established a General Manager Hotline for the

Sales Company to expand channels for employee suggestions respond to and address employee concerns and safeguard

employees’ lawful rights and interests. The mechanism features two channels—“Direct to Headquarters” and “ConvenientVoice”—designed to meet communication needs at the Company and regional levels respectively. Through these channels

the Company broadly solicits constructive suggestions on business operations and management institutional and corporate

culture compensation and performance assessments team building and personal development while strictly upholding

confidentiality for real-name submissions. This feedback mechanism helps foster a streamlined efficient and trusted

communication environment strengthen employees’ sense of belonging and enhance the quality of organizational decision-

making. Lin Feng Deputy Secretary of the Party Committee Xiong Pingting Deputy General Manager of the

and General Manager of the Company visiting Company and Chairperson of the Trade Union

In 2025 the Company did not receive any internal complaints reflecting the effectiveness of its management measures and employees in need visiting employees in need

broad employee support.To promote employees’ physical and mental well-being and support work-life balance the Company has established

Luzhou Laojiao “Gongniang Smart Trade Union Operation Platform” "Employee Homes" and regularly organizes a wide range of cultural and sporting activities. In 2025 the Company held

internal events such as fishing competitions and encouraged employees to participate in external events including the China

Four Famous Baijiu Basketball Tournament and the Sichuan Province Workers’ Games enriching employees’ lives outside

By developing the “Gongniang Smart Trade Union Operation Platform” work and strengthening team cohesion.Luzhou Laojiao has leveraged digitalization to enhance Trade Union service

standards and provide employees with efficient and convenient service

support. During the year the platform organized 320 online engagement "Linking the Future · Home" Employee Home

activities and handled 1283 service requests entirely online. As of the end

of the reporting period the platform had accumulated 15400 registered

users and 13.286 million visits significantly strengthening the digital In November 2025 the Company completed and opened the

service capabilities of the Trade Union. "Linking the Future · Home" Employee Home. Designed around

the supply chain business and centered on a culture of home

the space incorporates elements of key operations such as

As of the end of the reporting period the platform had accumulated sorghum packaging materials and logistics. It features three

functional zones—"Energy Station" "Culture Hub" and "Time

15400 registered users Station"—that integrate learning and communication leisure

and relaxation and cultural and recreational activities. The

Employee Home – "Linking the

facility is intended to serve as a comprehensive employee

Future · Home"

and space that connects business functions fosters a sense ofInterface of the Luzhou warmth and belonging and strengthens team cohesion.13.286 million visits Laojiao “Gongniang SmartTrade Union” mini program

23 Subsidies for employees in need include retired employees.

101 102Diverse Employee Care Activities

Organizating Series of International Women's Day Activities

To celebrate the 115th International Women's Day Luzhou Laojiao held a commendation conference

The Company and themed activities on March 7 2025 at Zhangba Longan Forest-Guili Boyuan featuring a series

organized employee of special events such as "Women Devoted to the Party" and "Women in Full Bloom." A total of 204

participation in the outstanding female employees and 312 Exemplary Families were recognized. The activities covered all

8th China "Four female employees and attracted more than 100 participants underscoring the Company's recognition

Famous Baijiu Cup" of the contributions of female employees and fostering a culture of gender equality and family harmony.Men’s Basketball

Invitational

Tournament actively

promoting sports and

cultural exchange

across the industry.The 8th China "Four Famous Baijiu Cup" Men’s Basketball Invitational Tournament

The Company held

the 2025 Employee Commendation Conference and Themed Activities Commemorating International Women's Day

Fishing Competition to

promote interaction

among employees

and strengthen team Organizating "2025 · We Seem to Have Met Somewhere Before" Qixi Networking Music Event

cohesion.On August 28 2025 ahead of the Qixi Festival the Trade

Union and Youth League Committee of Luzhou Laojiaojointly hosted the “2025·It Seems We Have Met Somewhere

2025 Employee Fishing Competition Before” Qixi Networking Music Concert attracting more than

100 young participants from the Company the Affiliated

Traditional Chinese Medicine Hospital of Southwest Medical

The Company organized The Company organized The Company organized University municipal government departments and other

employees to attend Luzhou employees to participate in the employees to participate in the organizations. Through music-based interaction andhome matches in the Sichuan 2025 First Workers' Games of Sichuan division event of the exchange the event effectively helped relieve work-related “2025·It Seems We Have MetProvince City Football League Sichuan Province hosted by the 2025 "The Dream of China the stress among young employees and fostered a greater sense Somewhere Before” Qixi Networking

enriching their cultural and Sichuan Federation of Trade Beauty of Labor" online fitness of aspiration for a better life. Looking ahead the Company Music Concert

recreational lives outside work. Unions competing in events series for employees promoting will continue to organize a variety of activities tailored to the

including basketball football healthy lifestyles. needs of young people further helping employees feel valued

table tennis and Go. supported and fulfilled in their roles while injecting renewed

The Company organized vitality into team cohesion and corporate development.employees to participate in

the finals of the 6th "Li-Ning

DHS Cup" National Table Tennis The Company selected The Company organized Employee-Related Honors and Awards in 2025

Amateur King Tournament and employees to represent Sichuan employees to participate in Received the third

the 2025 National Amateur Province in the basketball the 2025 Chuan Promotion Received the first-place prize and the Excellent

Table Tennis Championships and table tennis events of the Association Table Tennis Received the award in the 2025 Received the title of Organization Awardenhancing their competitive public competition category Friendship Exchange Event “Special Contribution Employee Workplace Advanced Collective for in the 2025 Nationalathletic skills. at the 15th National Games strengthening engagement and Organization” award at Exercise Competition of Employment Promotion in Day Chess and Card

the First Chinese Specialty the Luzhou City State-

demonstrating the athletic cooperation with participating Sichuan Province Competition of the Cocktail Skills Competition owned Enterprises

excellence of its workforce. organizations. Luzhou City State-owned System Enterprises System

103 104Health and Safety

In addition We continued to improve our standardized occupational health

and safety management system and invited external experts on multiple

Luzhou Laojiao consistently places Health and Safety at the core of its operations continuously strengthening and optimizing occasions to conduct system reviews. During the reporting period all of the

its Occupational Health and Safety Management System to provide all employees with a safer and healthier working Company’s operating locations were certified under the GB/T 45001-2020/ISO

environment. 45001 Occupational Health and Safety Management System.ISO 45001 Certificate

Safety Management System

Health and Safety Performance in 2025 Health and Safety Investment in 2025

The Company strictly complies with the Work Safety Law of the People's Safety Management

Republic of China and other applicable laws and regulations and fully Organizational Structure Indicator Unit Data of 2025 Indicator Unit Data of 2025

implements the ISO 45001 Occupational Health and Safety Management

System standard. We have continued to advance the development of our Number of work-related Workplace safety investment RMB 10000 1397.63

institutional framework and to refine internal systems including the Work Strategy and ESG Committee

/0

deaths - employees

Amount invested in

Safety Responsibility System the Work Safety Commitment Management Number of work-related / 0 RMB 10000 268employment injury insurance

System and the Stakeholder Safety Management System. In 2025 the deaths - contractors

Company officially issued the Luzhou Laojiao Health and Safety Policy24 Coverage rate of employees Work-related fatality rate -

which applies across the full scope of the Company's operations. This policy % 0 with employment injury % 100Work Safety Committee employees

applies to all employees of Luzhou Laojiao and its subsidiaries and all insurance

business partners including contractors are encouraged to comply with it. Work-related fatality rate - % 0 Amount Invested in Work

contractors RMB 10000 20Safety Liability Insurance

In 2025 the Company further strengthened its organizational structure Days lost due to work-related Coverage of Work Safety

with the Board-level Strategy and ESG Committee serving as the highest Days 70injuries - employees % 100Liability Insurance

decision-making body responsible for overseeing Health and Safety strategy Work Safety Committee Office

and performance. At the same time we set Health and Safety performance

as a factor in the Company's CEO compensation to ensure the effective

implementation of Health and Safety management. Safety Risk Management

The Company has established a systematic safety accountability framework. By signing the Statement of Responsibility for

Managing Work Safety Targets at each level we ensure the full implementation of the List of Responsibilities for Work Safety Luzhou Laojiao has consistently centered its workplace safety efforts on the dual prevention mechanism while systematically

Management and the List of Responsibilities for Safety Production Posts. We also set non-zero Health and Safety targets advancing the digital and intelligent transformation of its work safety management system. Focusing on nine areas including

including contractors such as maintaining the minor injury rate per 1000 people at less than 2‰ . Each year the Company statutory corporate responsibilities safety implementation hazard identification and risk control the Company developed a

organizes a joint assessment team composed of representatives from the safety Trade Union enterprise management total of 1371 safety management checklists and established the “Luzhou Laojiao Work Safety Digital Management Platform.”

human resources and discipline inspection departments to conduct comprehensive evaluations of each department's The platform comprises 14 standardized management modules and 98 application functions significantly improving

fulfillment of workplace safety responsibilities and achievement of targets. In 2025 the Company achieved its annual safety management efficiency. In 2025 the Company further expanded the application of advanced technologies by leveraging

targets and all assessment results were satisfactory. high-precision positioning base stations and smart wearable devices and integrating the Internet of Things and AI image

recognition technologies to build a three-dimensional personnel positioning system. The system supports real-time positioning

Work Safety Management Targets and 2025 Progress of personnel and vehicles in production areas historical trajectory traceability intelligent alerts for abnormal prolonged stays

electronic geofencing one-touch emergency calls and dynamic access authorization management thereby creating a digital

Target 2025 Progress Target 2025 Progress closed loop of “monitoring-warning-response-improvement.”

The Company continued to improve its internal reporting and incentive mechanism for safety hazards. Employees can report

Minor injury rate per 1000 people Achieved 100% pass rate for occupational health Achieved hazards through the “Hazard Snapshot” function and once verified cases are assigned to the responsible personnel for

below 2‰ training rectification and managed within a closed-loop system. In 2025 the Company received 8507 safety hazard reports of which

Zero workplace safety accidents Occupational health examination 5031 were confirmed as valid upon review. Rewards totaling RMB 268000 were distributed and individuals with outstanding Achieved Achieved

resulting in serious injury or above coverage rate: 100% performance were recognized.

100% pass rate for safety education Achieved Coverage rate of monitoring for Achieved In strengthening emergency response capabilities the Company enhanced its emergency preparedness system and carried

and training occupational hazard factors: 100%

out diversified comprehensive training and drills. Throughout the year it organized company executives new employees

Zero incidence rate of occupational Achieved safety administrators and other personnel to participate in more than 90 certification and specialized training sessions

diseases reaching approximately 9700 participant attendances. It also conducted nearly 300 emergency preparedness training

sessions and drills with more than 5700 participant attendances comprehensively improving employees’ emergency

response capabilities and risk prevention awareness.

24 https://www.lzlj.com/esg/policies/11408.html

105 106Cohesion LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Bringing Together Diverse Talent to Create Shared Progress 2025 Luzhou Laojiao Co. Ltd.Safety Management Measures Safety Culture Development

Luzhou Laojiao places great emphasis on Safety Culture Development regularly organizing company-wide specialized

The Company steadily advanced the "Six Major Actions" to strengthen the safety capabilities training on workplace safety fire safety and related topics and continuously raising employee safety awareness through ●

of all employees carrying out 181 safety training and regulatory learning sessions and 224 initiatives such as Work Safety Month.emergency plan drills throughout the year while continuously improving its risk prevention

and control processes;

● Various safety devices were installed in baijiu warehouses filling rooms and other areas Workplace Safety Training

Workplace to ensure explosion-proof lightning protection and leakage prevention measures were in

Safety place and Emergency rescue equipment was equipped and subject to regular inspection and The Company organized a special training session themed "Understanding the underlying patterns

maintenance; and characteristics deepening root-cause prevention and control and accelerating the mutually

reinforcing development of high-quality growth and high-level safety" featuring a keynote lecture

● Personnel engaged in special operations and the operation of special equipment were delivered by officials from the Bureau of Law Enforcement for Industry and Trade under the Ministry

required to work with certificates operating procedures were subject to strict approval and of Emergency Management. Conducted in a combined on-site and live-streamed format the training

emergency disposal plans were established; meanwhile A safety management system for covered the Company's leadership heads of Each Department (Unit) safety management personnel

relevant parties was put in place to standardize the management of contractors and lessees. and employees in higher-risk positions with more than 400 participants in total.● The Company organized five job-specific skills drills for safety management personnel

volunteer firefighters and other relevant personnel; held 87 exchange and learning activities

including "Experience Sharing on Workplace Safety Management" and the "Skills Competition

Fire Safety for Identifying Safety Hazards Around Us"; and collected more than 150 safety-themed

Management submissions including videos and paintings.● The Company compiled printed and distributed the "Essential Safety Knowledge Materials"

and the "Firefighting Facilities Knowledge Handbook" to continuously strengthen employees'

awareness of fire safety responsibilities and emergency response skills. Special Training session

● The Company organized specialized training on occupational health and chronic disease

prevention and control and also participated in specialized sessions organized by the district Health and safety-related honors and awards in 2025

Health Commission for principal persons in charge chief health officers occupational health

Occupational In July 2025 the management personnel and coordinators. In July 2025 the

Health Company was

● The Company conducted regular employee health examinations issued protective equipment Company was recognized as an

based on hazard factors associated with each position and installed standardized safety recognized as an Outstanding Collective

warning signage on site to effectively safeguard employees' occupational health. Outstanding Collective in the Luzhou City in the Luzhou City

"Ankang Cup" "Ankang Cup"

competition. Outstanding Specialized Firefighting Team competition. The Luzhou City "Ankang Cup"

Award for Enterprises and Public Institutions Outstanding Collective Award

Safety Training Statistics for 2025

Data of Data of

Key Indicator Unit Key Indicator Unit

20252025

Number of participants in Total safety training hours -

/ 6100 Hours 7200

safety drills Contractors

Number of safety drills - Safety training coverage rate -

/224%100

employees Employees

Number of Safety Drills - Safety training coverage rate -

/59%100

Contractors Contractors

Total safety training hours -

Hours 22168

Employees

107 108Occupational Health and Safety Occupational Health Examinations and Protection

Luzhou Laojiao strictly complies with the Law of the People's Republic of China on Prevention and Control of Occupational The Company launched the innovative "One Scale One Tape Measure and One Calendar" health management

Diseases the requirements for occupational health and safety management system certification and other applicable laws program and established online health communities helping 236 employees achieve an average weight loss of 0.6

and regulations and has established and continuously refined its Occupational Health and Safety Management System. jin within 7 days.The Company has put in place systematic hazard identification and risk assessment mechanisms implemented risk-based ● The Company organized the "Walking with Occupational Health" mini marathon in which 110 employees

classification management and improved its emergency response framework to effectively prevent occupational health completed a 5.55-kilometer wellness run that incorporated health knowledge learning along the route. During the

risks and continuously strengthen employees' health awareness and protective capabilities. In 2025 the occupational health awareness week it also held a large-scale on-site consultation event distributed more than 3000 informational

check-up coverage rate for employees reached 100% and no suspected occupational disease cases were reported during the year. materials and provided on-site health services for more than 50 employee visits delivering health support directly

to employees.Occupational Health and Safety Risk Management Measures

From June to September the Company carried out systematic monitoring of 229 positions

and 460 testing points across 11 major production areas covering 12 categories of hazard

Hazard

factors including noise dust and chemical toxicants. Results from all testing points were

Monitoring and

compliant with applicable standards. In response to key risks such as noise and dust

Engineering

the Company implemented corresponding engineering controls and personal protective

Controls

measures and established a regular testing mechanism that is dynamically updated in

line with changes in production.Mini Marathon Event

The Company completed monitoring of occupational disease hazard factors and work

activity surveys covering 158 positions and classified positions based on risk levels (335 Occupational Health Training

Risk

at Level I 18 at Level II and 1 at Level III). The number of risk positions at each level

Assessment

declined compared with the previous year. Based on the risk assessment results the ●

and Graded In collaboration with the Luzhou City Center for Disease Control and Prevention and the Mental Health Center

Company implemented differentiated supervision and conducted 18 on-site supervision

Control the Company conducted a special training session under the theme of "Prevention First Safeguarding Health

and inspection visits during the year achieving full coverage of all medium- and high-risk Together" reaching more than 80 core management personnel.positions.● The Company launched a dedicated occupational health learning module on its internal knowledge platform with

3157 employees completing the online program.

● From April 25 to May 1 the Company organized a series of ● On November 18 the Company organized

The Company strengthened its occupational health emergency response organization activities for the Occupational Disease Prevention and Control comprehensive training on occupationalEmergency and ensured that it was fully staffed and equipped. Guided by the goal of "clear Law Publicity Week under the theme of “Caring for Workers’ health and chronic disease prevention andManagement responsibilities and timely response" it improved its Emergency preparedness system. Mental Health.” Featuring an innovative model that integrated control. A total of 103 occupational health

and Capacity During the year it conducted 1 comprehensive emergency drill and 2 specialized drills knowledge sharing interactive engagement and health management staff participated on site

Building and made 3 revisions to the relevant plans based on the drill outcomes effectively management the program enhanced employees’ awareness while the online livestream attracted 1186

enhancing employees' practical emergency response capabilities. of occupational health through special lectures online cumulative views effectively strengthening

learning health promotion initiatives sports activities and on- employees’ abil ity to manage chronic

site consultation. diseases.Employee Occupational Health and Safety Management Measures

Occupational Health Records Management

● The Company established dynamic occupational health monitoring records for approximately 2490 employees

exposed to occupational hazards following a "one person one file" approach. To strengthen standardized records

management it organized 3 dedicated training sessions during the year covering 13 relevant departments and Occupational Disease Prevention 2025 Special Lecture on Comprehensive Training on Occupational

proposed and advanced the implementation of 20 corrective actions. At the same time it continued to ensure and Control Publicity Week Occupational Health Health and Chronic Disease Prevention and

investment in protective equipment and strengthened training on its proper use to ensure effective protection. Series - Community Health Control

Awareness Outreach

109 110Synergy

Building Collaborative

Value Chains to Foster

Win-Win Outcomes

Luzhou Laojiao recognizes that more refined and digitalized

supply chain management together with stronger R&D capability

is essential to the Company’s pursuit of excellence. By building a

highly resilient supply chain and focusing on digital transformation

intelligent upgrades and liquor-making technology innovation

the Company is generating sustained momentum for industrial

upgrading and advancing enterprise growth in tandem with

industry progress.Supply Chain Management 113

Innovation-Driven Development 119

Digital and Intelligent Luzhou Laojiao 128Synergy LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Luzhou Laojiao Co. Ltd.Management of Impacts Risks and Opportunities

Supply Chain Management

By establishing a closed-loop management mechanism covering supplier access evaluation performance and exit

the Company systematically manages risks at every stage and leverages digital tools to enable precise monitoring and

improve operational efficiency. The Company has developed a BI system and launched a performance data dashboard for

The Company is committed to building a responsible supply chain by continuously improving its full-lifecycle supplier transportation and warehousing suppliers which visually presents performance assessment indicators for key areas such as

management system supporting suppliers’ development through technological innovation fostering stable and mutually suppliers’ inbound and outbound warehousing in-storage status and business practices. This enables the responsible teams

beneficial partnerships across the supply chain and cultivating a sustainable industrial ecosystem. to efficiently identify supplier capabilities and potential risk points and to optimize supplier screening tiering and incentive

management strategies.Governance Full Life Cycle Supplier Management Process

With the Luzhou Laojiao Supplier Code of Conduct25 as the foundation the Company has established internal management

policies such as the Procurement Management Measures and the Detailed Rules for Supplier Database and further refined ● Based on a comprehensive evaluation of suppliers across multiple dimensions including

supporting rules including the Detailed Rules for the Supplier Database for Liquor and Related Material Logistics Services operational strength supply capability quality control and sustainable development

and E-commerce Logistics Services. On this basis the Company has built a level III supply chain management structure performance the Company places particular emphasis on alignment between suppliers’

comprising “guidance and decision-making management and supervision and execution and demand.” Within this structure development direction and the Company’s strategic goals and gives priority to high-

the Manager's Office Meeting is responsible for strategic decision-making the Procurement Supervision and Management Supplier potential suppliers with strong technological innovation capabilities;

Department oversees overall coordination and management and the Procurement Execution Department organizes the access

Procurement Demand Department to implement the relevant requirements. ● We apply differentiated requirements to different categories of suppliers. For example

packaging material suppliers must provide quality management system certification while

suppliers handling food-contact materials must provide food safety certification and third-

Supply Chain Management Structure party testing reports demonstrating compliance with the GB 4806 national standards27.Level I: Guidance and Decision-making Level

Decision-making Manager's Office Meeting ● The Company has established a dynamic performance evaluation system under which it

conducts monthly KPI assessments and annual performance reviews across dimensions

such as quality delivery cost and technology incorporates ESG-related assessments

Procurement Supervision and Management Department Supplier and adjusts business arrangements based on the assessment results;

Level II: Management

and Supervision Enterprise Management and Development Center

evaluation

● Leveraging BI data dashboards the Company dynamically tracks supplier performance

Distillery Company Office Sales Company Office across key indicators rapidly and accurately identifies potential issues promptly requires

corrective action and provides business incentives to high-performing suppliers.Level III: Execution Procurement Execution Department

and Demand All Departments (Units) Responsible for Procurement Execution ● By combining internal audits with third-party audits the Company comprehensively

identifies ESG-related risks among key suppliers in areas such as quality health and

Procurement Demand Department environmental protection and implements tiered category-based management based on

All Departments (Units) that Put forward Procurement Demands Supplier risk the assessment results;

management

Strategy The Company strengthens oversight of suppliers’ environmental practices and encourages suppliers to continuously reduce the adverse environmental impacts of their operations

through the adoption of greener low-carbon technologies and other measures.We have systematically established the supply chain risk management mechanism26 covering identification assessment and

response across the entire value chain encompassing five key areas: procurement contract risks inventory risks stockout

risks information risks and emergency preparedness. Leveraging a digitalized supply chain system the Company conducts

● For suppliers that fail to meet assessment standards or breach the Company’s

dynamic risk scanning and impact analysis for potential risks across procurement production logistics and other stages and Supplier management "red line" requirements we adopt a zero-tolerance approach. Upon review

formulates targeted control measures accordingly. At the same time it actively captures development opportunities arising withdrawal and confirmation by the relevant departments such suppliers are immediately blacklisted

from collaborative innovation and greener transformation across the supply chain continuously enhancing industry chain and all business relationships are terminated.resilience and strategic coordination.

25 https://www.lzlj.com/esg/policies/11409.html

27 GB 4806 national standards: It is a series of national food safety standards issued by the National Health Commission

26 Refer to pages 109 and 110 of the 2024 ESG Report for details. which are mandatory regulations governing the production and use of food contact materials and products.

113 114Synergy LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportBuilding Collaborative Value Chains to Foster Win-Win Outcomes Luzhou Laojiao Co. Ltd.

Sustainable Supply Chain Management Digital and Intelligent Supply Chain Building

We incorporate ESG indicators such as quality management workplace safety and waste management into the supplier The Company focuses on supply chain digitalization and guided by its strategic goals for the 15th Five-Year Plan period has

assessment system to strengthen supply chain resilience. In addition we require suppliers to sign the Agreement on Safety established a development pathway that advances four priorities in parallel: online data-driven intelligent and ecological

Fire Protection Environmental Protection and Public Security Management to clarify the responsibilities of both parties development. Through a three-stage roadmap it is steadily advancing Luzhou Laojiao’s digital and intelligent supply chain

regulate supplier conduct and maintain a safe and stable supply chain. transformation28. By building a digital transformation system covering the entire industry chain and integrating systems

such as SAP29 warehousing MES OTB and SRM30 we continue to enhance the visibility of supply chain performance and

In building an integrity-based supply chain the Company clearly stipulates in the Supplier Code of Conduct that suppliers strengthen the level of intelligent operations.must comply with all applicable anti-corruption laws and regulations in the jurisdictions where they operate and requires all

suppliers to sign the Agreement on Joint Integrity Building. We regularly provide suppliers with integrity-focused training and

incorporate the promotion of a culture of integrity into various supplier engagement meetings. By the end of the reporting Luzhou Laojiao Baijiu Logistics Supply Chains Innovation and Development Forum on

period the signing rate of suppliers for the Agreement on Joint Integrity Building had reached 100%. We conducted a total of “Intelligent Upgrading and Digital Transformation”

29 anti-corruption training sessions for suppliers achieving 100% coverage of all suppliers.

On November 20 2025 the "Intelligent Upgrading and Digital Transformation" innovation and

By the end of the reporting period development forum for the alcohol logistics supply chain hosted by the Alcoholic Beverage Logistics

Supply Chain Branch of the China Federation of Logistics & Purchasing and organized by Luzhou

the signing rate of suppliers for conducted a total of achieving Laojiao was successfully convened. At the forum the Company reviewed the sector's development

the Agreement on Joint Integrity trajectory noting that the alcohol logistics supply chain has evolved from traditional stand-alone

Building had reached 29 anti-corruption training 100% coverage warehousing and transportation functions into coordinated development across the full value chain

sessions for suppliers of suppliers encompassing procurement production warehousing transportation and sales and is steadily 100% entering a new stage of intensive and specialized development.Integrity-themed Event on “Clean Supply Chains for Smart Governance and ReliablePackaging Material Assurance”

In 2025 Luzhou Laojiao held the ceremony for signing the Agreement on Joint Integrity Building

with packaging material suppliers at Huangyi baijiu industry park with more than 80 enterprises

participating. The agreement clearly sets out requirements on anti-corruption business ethics and

conflict-of-interest management helping packaging material suppliers strengthen their awareness

of integrity and work together with the Company to foster a fair transparent and clean cooperation

ecosystem.Forum Site of the "Intelligent Upgrading and Digital Transformation" Innovation and Development Forum

28 Refer to page 111 of the 2024 ESG Report for details.

29 SAP System: Short for System Applications and Products it is an integrated enterprise management software that centrally

manages various enterprise resources optimizes business processes and improves operational efficiency and profitability.

30 S RM System: Short for Supplier Relationship Management it centrally manages supplier information procurement

Integrity-themed Event Site

processes contracts performance evaluation and risks.

115 116Synergy LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Luzhou Laojiao Co. Ltd.Supply Chain Empowerment

Luzhou Laojiao Intelligent Packaging Workshop

In October 2025 Luzhou Laojiao officially completed and commissioned its No. 18 flexible intelligent We place great importance on building strategic partnerships with core suppliers. In collaboration with warehousing suppliers

filling production line which integrates flexible manufacturing for multiple product varieties smaller we established a small-order picking and distribution center and developed an intelligent order-processing system to

pack sizes and customized products and subsequently entered trial operation. centrally manage products associated with fragmented orders and optimize the end-to-end pickup process for transportation

suppliers.While preserving traditional craftsmanship the production line incorporates intelligent robots and AI

vision recognition systems to fully replace manual labor in labor-intensive processes such as boxing The Company regularly holds logistics performance meetings peak season guarantee kick-off and review meetings

and sorting significantly improving operational precision and production efficiency with production inventory and base liquor stocktaking kick-off meetings and specialized sessions to strengthen communication with suppliers

capacity reaching 5000 bottles per hour. Supported by the MES production management system it and enhance their management capabilities in areas such as quality standards and operational procedures. We also

also enables digitalized management across the entire production process allowing rapid product strengthen suppliers' overall competitiveness by conducting routine business assessments monthly safety inspections and

changeovers and flexible manufacturing for different products. Luzhou Laojiao's No. 18 flexible annual performance assessments while following up on corrective actions as needed thereby fostering mutually beneficial

production line not only provides a replicable and widely applicable technical pathway for smart partnerships with value chain partners.manufacturing in the baijiu sector of China but also advances digital transformation at the production

end of the industry chain.Luzhou Laojiao Filling Operations Skills Invitational

In 2025 Luzhou Laojiao organized its filling production suppliers to participate in a filling operations

skills competition. Guided by the principle of "promoting learning capability enhancement and

development through competition" the event effectively strengthened suppliers' overall capabilities

in filling processes quality control and workplace safety helping to foster a sustainable collaborative

ecosystem characterized by strong production support and effective coordination.Luzhou Laojiao Intelligent Packaging Workshop

Luzhou Laojiao Intelligent Material Management System

In 2025 Luzhou Laojiao put its intell igent

material management system into operation. By

applying AGV31 robotic arms and high-precision

positioning systems among other technologies

the Company achieved fully automated handling

of packaging materials throughout the entire Filling Operations Skills Invitational Event

process from unloading to storage significantly

improving operational efficiency. At the same

time the intelligent material management 32

system interacts with production lines in real Local Supply EmpowermentLuzhou Laojiao Intelligent Material Management

time enabling zero-delay material requisition and System

uninterrupted supply while automated quality To deepen regional collaboration we have fully leveraged local strengths and further advanced our "local sourcing" strategy.inspection ensures zero defects in packaging In 2025 local suppliers accounted for 68.03% of the total supplier base while settlement amounts paid to local suppliers

materials thereby supporting lean production. represented 93.06% of the Company's total annual procurement spending. Settlement amounts paid to suppliers in the

baijiu industry park also accounted for 87.6% of the total annual procurement volume effectively supporting the steady

development of the local economy.

31 Automated Guided Vehicle (AGV) is a driverless transport vehicle powered by batteries. It travels along predefined paths

guided by navigation devices such as magnetic strips tracks lasers or QR codes and is equipped with safety protection

and load transfer devices. 32 Local supply herein refers specifically to the Company's packaging material suppliers and logistics suppliers.

117 118Synergy LUZHOU Environmental Social and LAOJIAO

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Governance (ESG) ReportLuzhou Laojiao Co. Ltd.Metrics and Targets Product R&D Management Structure

Supply Chain Management Targets Product R&D Professional Committee

Office of the Product R&D Professional Committee (affiliated

Number of completed safety emergency drills ≥ 1 per year to the Product R&D Department of the Sales Company)

Targets

Monthly support assurance rate ≥ 98% Supply chain peak season assurance

implementation rate ≥ 99.9% Liquor Body Product R&D

Department Strategy Sales Planning Integrated Quality

Packaging

Material Supply Chain

Design &

Management

of the Sales Development Management Department Operations Management Management

Company Department Department Department Center

Purchasing and Center of the

Supply Center Center Liquor-making

Supplier Management and Certifications in 2025 Company

Indicator Unit Data of 2025 Strategy

Total number of suppliers for the year33 / 122

Luzhou Laojiao has positioned technological innovation at the heart of the Company’s development strategy systematically

Number of suppliers certified under the ISO 45001 Occupational Health and Safety

/ 55 identifying major opportunities and potential risks related to critical technological breakthroughs industrial upgrading and

Management System

the development of new quality productive forces and using these insights to guide its annual scientific research planning.Number of suppliers certified under the ISO 14001 Environmental Management System / 60

Number of suppliers certified under the ISO 9001 Quality Management System / 73 Management of Impacts Risks and Opportunities

The Company continues to strengthen its in-house R&D capabilities and advance collaboration among industry academia

and research institutions. By leveraging digital transformation to empower key areas including production management and

Innovation-Driven Development marketing the Company continues to enhance its core competitiveness.R&D Management

Luzhou Laojiao has consistently regarded Innovation-driven Development as the key engine for advancing high-quality

development across the industry. Guided by a philosophy of openness collaboration and mutual benefit the Company has

made steady progress in promoting innovation in the baijiu sector of China injecting strong momentum into the industry's We place great emphasis on internal R&D management cultivate a high-caliber R&D team and take coordinated measures

sustainable upgrading. across product R&D technological innovation and design innovation. From advancing brewing technologies to refining

product appearance we enhance the competitiveness of company products on a comprehensive basis. During the reporting

period the Company developed 401 new products and completed 289 product redesigns.Governance

The Company places great importance on building technology platforms and R&D teams and remains committed to As of the end of the reporting period

empowering smart manufacturing through technological innovation. It has formulated internal management systems

including the Product R&D Management Measures (Trial) and the Measures for the Implementation of Science and Technology

Awards which clearly define product R&D procedures the management responsibilities of relevant departments and reward Luzhou Laojiao’s R&D accounting for the Company had representing

standards thereby fostering innovation across the workforce. investment totaled

0.216 0.84% of 480 R&D 12% of the total Guided by the objective of “co-governance consultation and sharing” we have established the Product R&D Committee to RMB billion total revenue employees number of employees

oversee major strategic and business decisions related to product R&D. The Committee includes the Strategy Development

Department Sales Management Department and Comprehensive Operations Department among others. In parallel the

Company has established the Technology Committee composed of senior executives and leading research experts with

its day-to-day office housed in the Chief Engineer's Office to take full responsibility for the end-to-end management of The Company has continued to advance technological innovation by systematically promoting a range of R&D projects

technology projects. Through collaboration across organizational levels departments and systems we integrate high- including functional microorganisms in pit mud and tea-baijiu integration and has received multiple national-level honors.quality resources from all parties translate research outcomes into real productive capacity and continuously strengthen the In particular the "Functional Microorganisms in Pit Mud and Their Preparation Method" developed by Luzhou Pinchuang

Company’s core competitiveness. Technology Co. Ltd. a wholly owned subsidiary of Luzhou Laojiao successfully addressed the longstanding industry

challenge that "pit mud is difficult to mature and new pits are unlikely to produce high-quality baijiu." This achievement

has enabled the deep integration of traditional craftsmanship with modern biotechnology and effectively supported the

33 The total number of suppliers for the year herein refers to the Company's packaging material suppliers and logistics suppliers. transformation and upgrading of the brewing industry toward "new quality productive forces."

119 120Synergy LUZHOU Environmental Social and LAOJIAO 2025 Governance (ESG) ReportBuilding Collaborative Value Chains to Foster Win-Win Outcomes Luzhou Laojiao Co. Ltd.

Recognition for Technological Innovation in 2025

Industry-Academia-Research Collaboration

Leveraging scientific research platforms such as the National Engineering Research Center of Solid-State Brewing the

national postdoctoral research station and the Sichuan Province Solid-State Brewing Technology Innovation Center the

Company has established in-depth university-enterprise partnerships with more than 50 universities across China through a

range of initiatives including jointly building research centers cultivating high-caliber talent collaborating on government-

funded projects and establishing open research funds. In 2025 the Luzhou Laojiao postdoctoral research station recruited 16

postdoctoral researchers hosted 53 postdoctoral researchers and had cumulatively trained 78 postgraduate interns.In collaboration with Tsinghua University Together with Shanghai Jiao Tong University

the Company carried out research on and Jiangsu Weikang the Company

intelligent inspection technologies and established a Gastrointestinal Health Research

independently developed an in-situ cellar pit Center built a Luzhou Laojiao microbial strain

inspection system effectively overcoming resource bank and developed probiotic

Functional Microorganisms in Pit Mud and Their Development and Application of Key Technologies Across the challenges of real-time monitoring of products tailored to the gut health needs of

Preparation Method the Entire Industry Chain of Traditionally Brewed Foods moisture acidity and starch content in consumers who drink alcohol. These products

were officially launched at the 14th annual

China Patent Excellence Award Special Prize of the Technology Invention Award of fermented grains and closing a technological

the China General Chamber of Commerce gap in the dynamic analysis of the

meeting of the national engineering research

fermentation “black box.” center of solid-state brewing.University-

enterprise Together with Jiangnan University and

collaboration the Sichuan Province Food Inspection

projects in Institute the Company established a key

Together with Nanjing Normal University and laboratory jointly revised the Measures for

Jiangsu Weikang the Company developed 2025 the Management of Open Research Projectsthe “Luzhou Laojiao Probiotic Dietary and created an operating mechanism forSupplement Tablets” which were officially open research projects characterized bylaunched at the 2025 fourth international “openness collaboration mobility andconference on the development of the competition.” Guided by industry needs

traditional fermented food industry the the laboratory carried out fundamental

14th solid-state brewing industry technology frontier and innovative research. In 2025

innovation forum and the annual meeting of the laboratory launched 3 new projects

the national engineering research center of successfully completed 3 projects published

Research on Key Technologies for the Tea-Baijiu Development and Application of Microecological solid-state brewing. 8 papers in Chinese core journals filed 2

Integration Industry Chain and Their Industrialization Regulation Technology for Strong-Aroma Baijiu Pits patent applications and participated in the

formulation or revision of 6 standards at

First Prize of the Science and Technology Progress Third Prize of the Science and Technology Progress various levels.Award of the China National Light Industry Council Award of the China National Light Industry Council

Design Innovation Awards Received in 2025 Luzhou Laojiao Advances Industry Standard Innovation with the Development of China’s First

Sensory Evaluation Standard Sample for A Single Baijiu Variety

Luzhou Laojiao Erqu (2025 Edition) National Cellar 1573 Twelve-Fold Liquor Set

Gold Award at the International Spirits (China) Silver Award at the World Wine and Beverage In October 2025 Luzhou Laojiao and the Sichuan

Competition Vessel Design Competition

Institute of Quality and Standardization jointlyNational Cellar 1573 Spring Brew National Cellar 1573 Spring Brew Luzhou Laojiao Strong Aroma launched the “52%vol National Cellar 1573 Baijiu- Silver Snake Brings Prosperity - Lucky Serpent Blessings 700 Years Sensory Evaluation Standard Sample” project.The project provided critical technical support

Gold Award for Best Liquor Excellence Award for Best Excellence Award for Best for enhancing product quality and establishing

Bottle Design Liquor Bottle Design Liquor Bottle Design a metrological traceability system and became

China’s first sensory evaluation standard sample

National Cellar 1573 Art New Year Edition - Gold National Cellar 1573 Art New Year Edition - Great Era

Rush Fang Lijun Edition Pang Maokun Edition for a single baijiu variety marking a new stage

in the standardization of China’s baijiu industry. Project Launch Ceremony and Seminar

Most Popular Award at the Cultural and Special Jury Nomination at the Cultural and

Creative Product Design Competition Creative Design Competition

121 122Synergy LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Luzhou Laojiao Co. Ltd.Industry Leadership Building A Co-Governance Framework for the Baijiu Sector of China and Advancing High-

Quality Development through Collaborative Innovation

Luzhou Laojiao actively participates in the development of national and industry standards and through a range of initiatives

including hosting industry summits organizing technical exchanges and building shared platforms helps build industry Through its collaboration within the Industry Cooperation Alliance for Intellectual Property Protection

consensus and contributes to the sector’s development. Luzhou Laojiao worked with industry task groups around the core objective of "regulating market

order and safeguarding the foundation of the industry" to build a multi-dimensional comprehensive

co-governance framework for the sector. Through coordinated efforts across five key dimensions

Participation in the Development of National and Industry Standards the initiative has not only effectively curbed infringement and counterfeiting but also enhanced the

sector's overall risk resilience and strengthened the foundation for Sustainable development across

the industry.● Quality Requirements for Spirits—Part 1: Whisky (GB/T 11856.1—2025)

● General Technical Specifications for Anti-Counterfeiting Technology Products (GB/T19425- Public education and outreach: multi-channel engagement to strengthen public

2025) awareness

● Sensory Analysis Methods—Texture Profile Analysis (GB/T16860-2025) We moved beyond traditional anti-counterfeiting publicity approaches by partnering with multiple

● Sensory Analysis—Methodology—Magnitude Estimation Method (GB/T19547-2025)

National / Local alcohol producers to launch the “Mengmeng Jian Dian Sha” series of engaging educational

Standards ● Technical Specification for the Production of Sichuan Baijiu (Strong-Aroma Type) Base Liquor videos systematically sharing baijiu authentication knowledge with the public. At the same time

(DB51/T 3261-2025) we actively brought together baijiu beer and imported spirits companies to participate in the

● Technical Specification for the Production of Strong-Aroma Daqu for Sichuan Baijiu (DB51/T Industry Cooperation Alliance for Intellectual Property Protection pop-up events in industrial parks

3262-2025) and universities. Through immersive interactive experiences we integrated anti-counterfeiting

education into real-world consumption settings significantly enhancing the public’s ability to

● Technical Code for the Production of Biochar-Based Organic Fertilizers from Distillers’ Grains

identify counterfeit products and strengthening awareness of their rights protection.

(DB51/T 3263-2025)

Academic exchanges: bringing together multi-stakeholder expertise to address

collaborative governance challenges

● Bottle-Aged Vintage Baijiu (T/CBJ 1108-2025)

Group Specifications for the Packaging Labeling Transportation and Storage of Baijiu in Glass We proactively created a dialogue platform linking government enterprises and academia. ●

Standards Bottles (T/LAPRA 108-2025) Together with the Law School of Sichuan University and regulatory authorities we held discussions

on frontier issues such as responses to “distant-water fishing” and the identification and

● Occupational Standards for Baijiu Tasters (T/SPAQ 0022S-2025) enforcement of infringement involving bare-bottle baijiu while also conducting in-depth academic

exchanges with professors from the People’s Public Security University of China.Industry ● Fruit Wine—Part 4: Green Plum Wine (QB/T 5476.4-2025) Alliance collaboration: joining forces to strengthen the foundation for collaborative

Standards governance

● Fruit Wine—Part 5: Mulberry Wine (QB/T 5476.5-2025)

In developing the authentication sub-alliance we actively engaged leading baijiu companies

such as Shede and Xijiu provided dedicated delivery addresses and forwarded more than 1000

product orders in total. This provided critical support for the alliance’s “mystery test purchases”

and helped enable the tracing and screening of infringing products.Leading the development of the General Requirements for Quality Control Management of

Raw and Auxiliary Materials in Food Production Law enforcement coordination: regional collaboration for targeted action against

infringement

In May 2025 the national standardization demonstration project for the General Requirements for Together with Fenjiu Group we organized a special enforcement outreach visit to Shanxi for

Quality Control Management of Raw and Auxiliary Materials in Food Production led and submitted the industry working group and held in-depth discussions with the provincial public security

by Luzhou Laojiao was formally approved. Jointly advanced by the National Technical Committee department and market regulation authority. During these meetings we raised infringement issues

for Standardization of Food Quality Control and Management the State Administration for Market and enforcement needs involving brands including “Luzhou Laojiao” and “Jiannanchun” helpingRegulation authoritative institutions and several leading food enterprises the project aims to advance a regional collaborative governance model characterized by “local law enforcement +establish end-to-end quality management standards covering raw material production procurement industry support.”

acceptance warehousing and transportation.The successful approval of this project fills a standards gap in upstream management across the food

industry chain and provides important support for quality improvement and safety assurance across

the food industry as a whole.

123 124Synergy LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Luzhou Laojiao Co. Ltd.Building A Co-Governance Framework for the Baijiu Sector of China and Advancing High- The 4th International Conference on the Development of the Traditional Fermented Food

Quality Development through Collaborative Innovation Industry the 14th Solid-State Brewing Industry Technological Innovation Forum and the

Annual Meeting of the National Engineering Research Center of Solid-State Brewing

Team cohesion: strengthening collaborative governance resilience through internaland external collaboration From October 11 to 13 2025 the “2025 4th International Conference on the Development of theTraditional Fermented Food Industry the 14th Solid-State Brewing Industry Technological InnovationWe carried out cross-company team-building activities with Fenjiu Group to strengthen the Forum and the Annual Meeting of the National Engineering Research Center of Solid-State Brewing”

cohesion of the industry working group and enhance coordination across teams. We also jointly hosted by the National Engineering Research Center of Solid-State Brewing and the China

established a regular mechanism for sharing infringement leads and conducting coordinated National Research Institute of Food & Fermentation Industries and organized by Luzhou Laojiao andinvestigations creating a closed-loop anti-counterfeiting system featuring “vertical linkage and Sichuan University of Science & Engineering was successfully convened. During the conferencehorizontal coordination.” the “Luzhou Laojiao Probiotic Special Dietary Tablets” jointly developed by Luzhou Laojiao Nanjing

Normal University and Weikang Probiotics were officially launched. Several Chinese and international

academicians provided in-depth analysis of potential technological innovation opportunities in the

baijiu sector of China helping advance interdisciplinary and cross-industry development.Conference Group Photo

Annual Meeting of the China Alcoholic Drinks Association Baijiu Technological Innovation

Strategy Development Working Committee in 2025On June 20 2025 the “2025 Annual Meeting of the China Alcoholic Drinks Association BaijiuLiquor Industry Group SeminarTechnological Innovation Strategy Development Working Committee” hosted by the China Alcoholic

Drinks Association and organized by Luzhou Laojiao was successfully convened. Centered on the

theme “Interpreting Tradition Inheriting Brewing Craftsmanship” the meeting brought together more

than 200 industry experts and representatives from enterprises and research institutions to discuss

pathways for the inheritance and innovative development of baijiu production technologies injecting

fresh momentum into the high-quality development of the baijiu sector of China.Conference Group Photo

125 126Synergy LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Luzhou Laojiao Co. Ltd.Metrics and Targets Digital and Intelligent Luzhou LaojiaoLuzhou Laojiao has launched its scientific research planning for the 15th Five-Year Plan period and established long-term 2025 marks the final year of Luzhou Laojiao's digital strategy under the 14th Five-Year Plan. With “data-driven managementquantitative targets for technological innovation across three areas: technology platforms research talent and industry and decision-making” at its core the Company continues to advance transformation across all business areas.standards.Long-term Goals for Technological Innovation Digital Management System

Luzhou Laojiao has established the Digital Transformation Steering Committee headed by the Chairman and the General

● Building on existing platforms such as the National Solid-State Brewing

Manager and the Digital Transformation Executive Office composed of the heads of each business area and the IT function

Engineering Technology Research Center the national postdoctoral

to comprehensively advance the Company's digital transformation. The Company has also put in place a digital architecture

Development of Technological research station the National Industrial Design Center and the Sichuan plan and is systematically promoting business architecture optimization application architecture innovation and the

Innovation Platforms Province Solid-State Brewing Technology Innovation Center the Company strengthening of data architecture to provide technological support for intelligent production.will continue to advance the development and steady operation of the

Sichuan Province Solid-State Brewing Pilot-Scale R&D Platform and the

industry-university-research joint research center.Digital Architecture

● Develop at least 3 senior experts at the provincial/ministerial level or

above. Enterprise Digital Architecture Planning

Research Talent Development

● Develop 10 professor-level senior engineers and 40 senior engineers.● Develop 50 postdoctoral researchers 15 doctoral degree holders and 100

master's degree holders.Business Application Data Technology

Industry and National Standard

● By 2027 participate in the development of 5 national standards and 7 Architecture Architecture Architecture Architecture

Setting industry standards.In addition the Company has established a digital construction guarantee system. Its three core components—“Centerof Excellence” “Information Sharing Service” and “ITBP34” —together form a well-structured and highly efficient digital

operations system providing organizational support for the Company's full digital transformation.Digital Construction Guarantee System

Digital Development Center

Center of Excellence Information Sharing Service ITBP

34 ITBP (IT Business Partner) refers to a team within the IT department that works closely with business departments as

strategic partners. They focus on exploring and implementing ways to leverage technology for business empowerment.ITBP collaborates deeply with business teams thoroughly understanding their needs and transforming those needs into

practical and feasible IT solutions. Their role is to act as a "technology bridge driving business forward."

127 128Synergy LUZHOU Environmental Social and LAOJIAO

Building Collaborative Value Chains to Foster Win-Win Outcomes 2025 Governance (ESG) ReportLuzhou Laojiao Co. Ltd.Achievements in Digital Intelligence

5G+Drone Inspection at Huangyi Distilling Ecological Park

In 2025 Luzhou Laojiao continued to advance key initiatives including the development of its “5G Fully Connected Factory”

and the further build-out of its intelligent computing center thereby enhancing production efficiency and strengthening its At the Huangyi Distilling Ecological Park Luzhou Laojiao has systematically deployed two digital

core competitiveness. security systems—“5G+Intelligent Drone Patrol Inspections” and “Multi-technology IntegratedPersonnel Positioning” —significantly enhancing intelligent workplace safety management and the

park’s proactive risk prevention and control capabilities.Digital Transformation of Product Authentication and Anti-Counterfeiting The ecological park has established a drone airport on the rooftop of the Information Center

where robotic arms perform automatic battery replacement to enable autonomous drone patrol

inspections. Equipped with video monitoring capabilities the drones can identify smoke in real time

In 2025 Luzhou Laojiao independently developed and launched the authentication module of the and automatically trigger alerts. Through an integrated communications system linked directly to the

“Jiuzhiwei Platform” connecting for the first time the “Smart Customer Service Platform” “Market command center they enable remote real-time monitoring of safety hazards as well as rapid dispatchManagement Platform” and “Qianlima Platform” through Restful API interfaces to enable real-time and response.interoperability of authentication-related business data.The park has fully implemented a multi-technology

The platform delivers industry-leading performance with an HTTP35 request success rate of integrated personnel positioning solution combining≥ 99.4% SQL36 query response time of ≤ 50 ms and a cache hit rate of ≥ 95%. Powered by a self- “positioning cards + Bluetooth + LORA + 5Gdeveloped workflow engine the application standardizes the management of business documents private network.” All personnel entering the baijiu

reduces approval steps by 70% and effectively addresses the longstanding challenges of traditional warehouses are required to wear positioning

authentication namely low efficiency and high cost. As a result the average processing time for cards enabling the system to remotely monitor

business documents was reduced to 150 hours per piece representing an efficiency gain of 68.7%. their locations and movement paths in real time.This effectively regulates on-site conduct and 5G+Drone Patrol Inspections

strengthens workplace safety management in key

areas such as the baijiu warehouses.“5G Fully Connected Factory”

Phase II of the Artificial Intelligence Computing Center Project

In 2025 Luzhou Laojiao worked with Luzhou Mobile to develop a dedicated standalone 5G private

network. Using a hybrid multi-band networking model spanning 2600MHz 4900MHz and 700MHz In active response to the national strategy of developing “new quality productive forces” Luzhou

the project deployed 19 macro base stations 3 micro base stations and a locally deployed UPF Laojiao successfully established a 20P AI computing cluster in 2025 and continued to optimize its

achieving full 5G coverage across all park areas. The project also innovatively adopted a dual-active intelligent computing center accelerating the Company’s comprehensive digital transformation and

disaster recovery architecture combining a “locally deployed UPF + shared UPF” which not only intelligent upgrades. Built around high-density low-power chips as its core hardware the project

ensures localized processing of production data but also establishes disaster recovery links through integrates cold-aisle energy-saving technology and a containerized management platform to

the operator network enable flexible scheduling and refined operation of both existing and new computing resources. This

effectively enhancing delivers a dynamic balance between high performance and green low-carbon development further

overall system reliability strengthening Luzhou Laojiao’s green computing infrastructure.and business continuity.The project has been

successfully selected

for the 2025 5G Factory

Directory by the General

Office of the Ministry of

Industry and Information

Technology.

5g Fully Connected Factory

35 HTTP (Hypertext Transfer Protocol) is a straightforward request-response protocol that defines the types of messages a

client may send to a server and the responses it can expect to receive.

36 SQL (Structured Query Language) is a database language that supports a broad range of functions including data Artificial Intelligence Computing Center

manipulation and data definition.

129 130Responsibility

Carrying Forward the

Heritage of the Ancient

Cellars to Benefit SocietyGuided by its corporate philosophy of “co-distilling with naturecoexisting in harmony” Luzhou Laojiao integrates sustainable

development practices into corporate governance and brand

building. Through cultural heritage preservation industry

collaboration and joint social initiatives the Company promotes

cultural development and advances social harmony.Community Contributions 133

Cultural Heritage 138Responsibility LUZHOU Environmental Social and LAOJIAO Governance (ESG) Report

Carrying Forward the Heritage of the Ancient Cellars to Benefit Society 2025 Luzhou Laojiao Co. Ltd.Case Studies of Rural Revitalization Initiatives in 2025

Community Contributions

● In response to the county's actual industrial development needs We provided targeted funding

to support the development of the Hongyuan County Live Livestock Trading Market Integrated

We integrate the fulfillment of social responsibility into our business operations and through systematic and long-term Digital Service Center project working together to build a demonstration trading market with

engagement mechanisms carry out philanthropic initiatives in key areas such as rural revitalization educational support strong practical value and a high level of digitalization;

and emergency relief and disaster response thereby promoting inclusive community development and enhancing public well-

● We distributed more than 9000 chicks to farming households in assisted villages such as

being. Xiangtian Village in Gulin County and Baiyang Village in Xuyong County effectively boosting

household courtyard economies strengthening the collective economy and helping farmers

Rural Revitalization increase their income;

● Using consumer-based assistance as a key driver we systematically advanced multi-dimensional

Luzhou Laojiao has deeply integrated rural revitalization into its corporate development strategy. We fully implement the industrial revitalization purchasing more than RMB 1.3 million worth of agricultural specialty

Industry products from Hongyuan County over the year including yak jerky and yak milk powder;

decisions and arrangements of the CPC Central Committee as well as the provincial Party committee and government and

Revitalization

consistently place rural revitalization assistance in a prominent position within our overall work. We continuously strengthen ● To empower growers we entered into cooperation agreements with them and provided technical

accountability for assistance initiatives and ensure the effective implementation of all related measures. During the year we guidance and price guarantee measures to encourage continued organic cultivation. We also

convened four Party committee meetings and eight special meetings on assistance work to deliberate on key issues such as conducted regular training programs. In 2025 we

industrial development and talent cultivation. We also formulated and implemented the 2025 Work Plan for Baseline Support organized more than 400 training sessions on organic

to Hongyuan County and the 2025 Targeted Assistance Work Plan defining a list of priority tasks and detailing more than ten production management reaching over 30000

participants in total and helping strengthen growers'assistance measures across seven categories. At the same time we improved our working mechanism featuring “leadership commitment to sustainable development. In additionaccountability departmental responsibility and dedicated teams and personnel for implementation.” We also deployed seven the operation of our production bases created local

young backbone employees to work year-round in designated counties and villages to carry out on-site assistance efforts. employment and increased average household

income by RMB 2500-3700 promoting the

In 2025 the Company fully leveraged its strengths in funding technology and management to deliver high-quality coordinated advancement of ecological preservation

assistance initiatives in areas including Industry Assistance educational assistance employment assistance consumption and economic development. Distribution of Donated Chicks

assistance Talent Assistance and the promotion of positive social customs. It invested a total of RMB 13.3762 million in rural

revitalization assistance benefiting more than 5000 villagers with a focus on consolidating poverty alleviation outcomes

and continuing to advance rural revitalization.● We invested RMB 100000 to launch an e-commerce talent training program at the Party School

of the Hongyuan County Committee as part of our contribution to rural revitalization efforts.As of the end of the reporting period Closely aligned with the practical needs of local industries the program engaged senior experts

to provide 40 trainees with hands-on instruction across the full e-commerce value chain helping

cultivate local digital skills talent. At the same time by creating job opportunities through multiple

the Company invested a total of benefiting more than channels and supporting entrepreneurship we effectively eased employment pressure on young

people in less-developed areas;

RMB 13.3762 million in rural revitalization assistance 5000 villagers

● We continued the Pillar Project student assistance initiative. In 2025 it supported more than 30

Talent rural students in gaining admission to higher education institutions further strengthening the

Revitalization talent base for long-term rural revitalization.● To support the preservation and renewed vitality of rural culture we invested RMB 35000 to

Cultural support villagers in organizing traditional festivals and distinctive cultural activities promoting the

Revitalization wider dissemination and orderly preservation of intangible cultural heritage such as Baiwang Folk

Singing and Instrumental Performance and Tibetan opera.

133 134Public Welfare Initiatives

"Luzhou Laojiao Scholarship" "Luzhou Laojiao Hongzhang Teaching Fund"

Luzhou Laojiao continued to carry out donation initiatives such as “Small Backpacks Big Love” and the “Pillar Project” while We have maintained ongoing To fulfill our corporate responsibility of

sustaining public welfare programs including the “Luzhou Laojiao Scholarship” the “Luzhou Laojiao Golden Chalk Award” cooperation with Southwest Medical funding education and giving back to the

and the “Luzhou Laojiao & University of Electronic Science and Technology of China Education Development Fund” thereby University providing cumulative community and in accordance with theencouraging teachers to devote themselves to education and supporting students in their growth and development. In support to 300 outstanding students donation agreement for the “Luzhou Laojiaoaddition the Company actively organized a range of volunteer activities including charitable teaching Community care and and enabling them to pursue academic Hongzhang Teaching and Scholarship Fund”

support for the “Sichuan Super League” Music Festival encouraging employees to engage in public welfare practice. During excellence in their respective fields. signed in 2021 We made a designated

the reporting period employee volunteers recorded a total of 2909 participations carried out 138 activities and contributed donation of RMB 810000 to Luzhou High

more than 4300 service hours. School to support teaching and scholarship

awards and help students grow and thrive.In 2025 the Company’s total investment in public welfare initiatives reached RMB 24.71 million including RMB 4.31 million Luzhou Laojiao

invested in education philanthropy. Education

Donation

"Luzhou Laojiao & University of Electronic Program "Luzhou Laojiao Golden Chalk Award" and

Science and Technology of China Education "Luzhou Laojiao Golden Shield Award"

Public Welfare Student Support Initiatives under the “Pillar Project” and “Small Backpacks Development Fund"Big Love” Since 2023 We have donated a total The Company established the “Luzhouof RMB 2 million to the Education Laojiao Golden Chalk Award” at SouthwestLuzhou Laojiao has actively worked to strengthen the foundations of basic education with a focus on Development Fund of the University of Medical University and the “Luzhousupporting children from financially disadvantaged families who are diligent motivated confident and Electronic Science and Technology of Laojiao Golden Shield Award” at Sichuan

resilient. In 2025 the Company continued to participate in targeted assistance programs in Luzhou China demonstrating our commitment Police College. By recognizing outstanding

City including the “Pillar Project” and “Small Backpacks Big Love” to support student development to corporate social responsibility educators these awards promote teachers’

and further promote educational equity. professional development and contribute to through concrete action and supporting the development of a high-quality teaching

the advancement of higher education. workforce in Luzhou.“Growing Together in Pursuit of Shared Dreams National Cellars Youth Taking Responsibility”

Charitable Teaching Activity

From May 29 to 30 2025 Luzhou Laojiao’s National Cellars youth volunteers visited Hongdongqiao

Village Primary School in Dashi Town Xuyong County and Xiangyang Primary School in XiangtianVillage Longshan Town Gulin County to carry out a charitable teaching initiative themed “GrowingTogether with Shared Aspirations and Dreams with National Cellars Youth Courageously TakingResponsibility” celebrating the holiday with the children. During the program We offered a range of

distinctive courses including art science experiments music basketball handicrafts badminton and

calligraphy. This initiative marked our first engagement with Hongdongqiao Village Primary School and

the tenth consecutive year of our heartfelt gathering with the teachers and students of Xiangyang

Primary School. Since the Youth League Committee of the Company launched the program in 2016 Wehave continued to put into practice the corporate philosophy of “co-distilling with nature coexisting inharmony” bringing youthful vitality to rural education.Luzhou Laojiao Scholarship award ceremony

Committed to fulfilling the responsibilities of a state-owned enterprise and actively

responding to emergency rescue and disaster relief efforts

In 2025 Luzhou Laojiao actively fulfilled its social responsibility as a state-owned enterprise by

responding swiftly to sudden natural disasters and fully supporting emergency rescue disaster relief

and post-disaster reconstruction efforts. The Company donated RMB 10 million each to the earthquake-

stricken area in Dingri County Tibet and the landslide-affected area in Junlian County Yibin City.These funds were designated for emergency response the resettlement of affected residents and

the restoration of normal production and daily life helping disaster-affected communities overcome

Volunteers with the Children Volunteers Teaching Children difficulties and rebuild their homes through practical actions.

135 136Rural Volunteer Service Series Activities Cultural Heritage

In March Luzhou Laojiao organized young volunteers to visit Shiliang Community in Longmatan District

and carry out the themed service " Youth Volunteer · Beautifying the Countryside." During the event

volunteers collaborated with local police to conduct anti-fraud publicity raising residents' awareness Luzhou Laojiao regards cultural heritage as the spiritual foundation and source of value for its corporate development

of scams through case studies and interactive sessions. and has systematically built a cultural framework that integrates historical legacy the spirit of the times and brand

responsibility. The Company not only safeguards millennia-old brewing techniques and tangible heritage but also promotes

In September we traveled to Baiyang Village Tianchi Town Xuyong County—a village supported the revitalization and wider dissemination of culture in the modern era through innovative forms of expression. In doing so it

by the company—and conducted the themed volunteer service activity "Warming Baiyang Village continues to enrich the cultural essence of Chinese baijiu and has set a benchmark for the industry in cultural continuity and

Volunteerism in Action." Through popular science lectures fun interactions and convenient services value creation.the activity helped villagers solve practical problems and created a warm harmonious festive

atmosphere. Over 50 participants joined the event achieving positive service outcomes.Inheriting Baijiu Culture

The Company has consistently regarded the preservation and innovation of Chinese baijiu culture as a core responsibility

and source of value for its development continuously advancing the deep integration of liquor-making technology academic

research and cultural communication while carrying forward millennia of brewing wisdom."Youth Volunteer · Beautifying the Countryside" volunteer activity scene "Huaiyu Cup" Brewing Skills Competition

On March 1 2025 Luzhou Laojiao successfully held the "Huaiyu Cup" Brewing Skills Competition.Featuring challenge and title-defense rounds the event brought together the Company's core brewing

technicians to compete on the same stage vividly showcasing the integrated innovation of traditional

brewing craftsmanship and modern production technology. The competition not only provided

industrial workers with a professional platform to demonstrate their skills exchange expertise and

enhance their capabilities but also systematically highlighted through the competitive process

the distinctive appeal of intangible cultural heritage brewing techniques and the core value of the

"Warming Baiyang Village Volunteerism in Action" volunteer activity scene craftsmanship spirit effectively promoting the contemporary inheritance of traditional baijiu culture

and the industry's high-quality development.Philanthropy and Charity Prestigious Honors Received in 2025

Luzhou Branch of the Sichuan Luzhou Branch of the Sichuan State-owned Assets Supervision

Poverty Alleviation Foundation Poverty Alleviation Foundation and Administration Commission of

Sichuan Province

Special Contribution Award Outstanding Contribution "Top 10 Photographers" Award

for Caring Support in the Award for the 10th Anniversary in the "Assistance Through“Small Schoolbag Great of the “Small Schoolbag Great the Lens: Snapshot CampaignLove” Philanthropic Donation Love” Philanthropic Donation on Support Provided by State-

Campaign Campaign owned Assets and State- "Huaiyu Cup" Brewing Skills Competition

owned Enterprises for Rural

Revitalization"

137 138Shaping Brand Culture

Participation in the First Chinese-Style Mixed Drink Skills Competition

The First Chinese-Style Mixed Drink Skills Competition was officially launched in June 2025 under the Guided by the core framework of “historical inheritance resonance with the times and international dialogue” Luzhou

theme "Honoring a Century of Craftsmanship Blending the Charm of the East." Covering knowledge Laojiao has built a brand culture system distinguished by heritage interactivity and global appeal through the systematic

of Chinese Baijiu and mixed drinks appreciation of traditional culture and product creation the development of diverse platforms such as sports marketing artistic crossover initiatives and emotional engagement

competition provided an important platform for skills exchange across the industry. experiences.The Company actively organized employees to participate in the competition. A total of seven Corporate Philosophy

contestants delivered outstanding performances demonstrating strong professional capabilities and Corporate MissionCo-distilling with nature

innovation and secured first- second- and third-place awards in the finals. In addition the Company Brewing happiness

was named a “Special Contribution Unit” underscoring our active role in advancing the preservation Coexisting in harmonyy

and innovative development of industry craftsmanship.Enterprise Development Corporate Vision

Philosophy Luzhou Laojiao inspires the

Growing with society Core Elements of world

Thriving with nature the Luzhou Laojiao National Cellar 1573 brings the

Brand Culture

Coexisting with humanity taste of China to the world

First-place award ceremony Core Value

Corporate Spirit

Dare to lead the way Sincere in character

Strive and find the joy Exacting in craft

Respect every person every post Faith in quality

Pursue the new the excellent Focus on the consumer

Final Competition Site Receiving the “Special Contribution Award”

2025 Luzhou Laojiao National Cellar 1573 Storage Ceremony

The Theory of Laojiao Advances the Systematic Development of the Disciplinary Framework In 2025 under the theme "Riding the Waves Forward

for Baijiu Studies China’s Strong-Aroma Baijiu" Luzhou Laojiao held

the National Cellar 1573 Storage Ceremony on a ship-

shaped stage at Dongmen Wharf using immersive

On March 1 2025 Luzhou Laojiao supported the publication of the historical scenes to recreate the classic story of

Theory of Laojiao the first academic monograph in China's baijiu "Wenyongsheng" winning a gold award overseas

industry to provide a systematic study of “old cellar studies.” The in 1915. Through a dialogue between the past and

book for the first time clearly defines core industry concepts such the present the event presented the full sequence

as “old cellar” and “century-old cellar pit” introduces forward- of ceremonial elements including sacrificial rituals

looking perspectives including “pit mud evolutionary dynamics” and liquor drawing and sealing reinforcing the brand

“microbial social behavior” and systematically explains the scientific identity of the "ancestor of strong-aroma baijiu"mechanisms behind the principle that “old cellars produce fine while strengthening its cultural distinctiveness withinbaijiu” through analytical tools such as the “Nine-Dimension Theory” a global narrative framework. The event created

and the “Golden Ratio Fermentation Model.” a culturally immersive platform that fostered deep

emotional connections with distributors and consumers

As a scientific synthesis of Luzhou Laojiao's more than 700 years generating over 12 million Weibo topic discussions 2025 Luzhou Laojiao National Cellar 1573

of traditional distilling techniques this work fills a gap in systematic Publication of the Theory of 8.5 million live streaming views and 350 million online Storage Ceremony

academic research in the baijiu field and provides a robust scholarly Laojiao by Luzhou Laojiao impressions. In this way it brought renewed vitality to

foundation for the contemporary transmission and international the century-old brand’s historical legacy and emotional

development of traditional brewing techniques. resonance through contemporary communications.

139 1402025 Luzhou Laojiao "Cellar Master Festival" Partnership Between Luzhou Laojiao and the ITTF World Cup

In 2025 guided by the priorities of "brand traffic and business" Luzhou Laojiao launched the In 2025 as a global premier partner of the ITTF

"Cellar Master Festival." Through a model integrating "scenario + flagship products + operations + World Cup Luzhou Laojiao leveraged the sport's

event hosts" the Company closely combined interactive experiences scenario-based marketing broad influence to implement a systematic sports

and product sales creating a complete closed-loop process from offline scene development and marketing program centered on tournament

brand communication to product promotion and sales conversion. The event brought together platforms building a year-round integrated

brand promotion channel operations the membership system public relations communications engagement model spanning professional

and e-commerce platforms to enable cross-channel resource integration and traffic sharing break competitions and brand-led amateur events.down marketing barriers and create mutual reinforcement between brand communication and sales Through the Macau Singles World Cup and the

conversion. This edition of the Cellar Master Festival attracted 60000 participants added 9506 new Chengdu Mixed Team World Cup the Company

members and generated over 128 million impressions effectively accumulating brand assets and user launched interactive initiatives including city

resources and injecting new momentum into the Company’s marketing system. chal lenge event rol louts and park-based

experiential activations significantly enhancing

consumer awareness and perception of the

brand. Over the course of the year tournament

broadcasts reached a cumulative audience of On-site at the Luzhou Laojiao and ITTF World Cup

over 1.27 billion and the brand achieved 312 Partnership Event

hours of global exposure effectively advancing

the younger and more international expression

of its brand value.Luzhou Laojiao's 2025 "Cellar Master Festival"

Luzhou Laojiao's Global Brand Communication Initiative at the Australian Open

In 2025 guided by its brand philosophy of “sharing the taste of China with the world” Luzhou Laojiao

leveraged the Australian Open to launch a global campaign integrating culture and sport. Cultural

Co-hosted the 2025 International Poetry & Liquor Culture Conference Ambassador Jackie Chan and Chairman Liu Miao attended the event in person incorporating Chinese

intangible cultural heritage elements such as lacquer fans and dragon dances into the tournamentIn November 2025 Luzhou Laojiao together with the People's Government of Luzhou City and Poetry setting and successfully creating an overseas brand experience themed around the “Chinese IntangiblePeriodical co-hosted the International Poetry & Liquor Culture Conference. During the conference Cultural Heritage Spring Festival.” Related content generated a total of 1.2 billion views and 579 million

a series of events were held including the Liquor City Forum creative exchange sessions poetry interactions on social media sparking a far-reaching wave of cross-cultural engagement.recitations and cultural immersion activities creating diverse platforms for literary exchange and During the same period we launched the “National Cellar 1573 Australian Open Amateur Challenge”

public cultural engagement. Under the theme "Let Poetry and Liquor Warm Everyone" the Night of in 24 cities nationwide holding 24 qualifying tournaments and a final in Beijing over seven months.Glory brought together more than 500 writers artists translators and media representatives from The event attracted more than 1700 players and guests supported the development of a tennis club

around the world while also attracting over 2000 on-site guests and millions of online viewers. network spanning 14 cities and completed digital profiling of core users with a “tennis” tag laying a

Through poetry music drama and other art forms the event delivered a cross-disciplinary cultural solid foundation for the brand’s sustainable presence in the premium sports segment.celebration.International Poetry & Liquor Culture Conference Australian Open Global Brand Campaign

141 142Preserving Cultural Heritage

Traditional Distilling Techniques of Luzhou Laojiao Baijiu

Drawing on its deep historical heritage Luzhou Laojiao has established a cultural heritage protection system built around

the trinity of “cellars craftsmanship and documentation.” This approach has enabled traditional techniques and historical Originating in the Qin and Han Dynasties and taking shape and maturing through the Yuan Ming and Qing

memory to remain vibrant in the course of contemporary development offering a model corporate practice for preserving Dynasties the traditional distilling techniques of Luzhou Laojiao Baijiu have been passed down through 24

and promoting baijiu culture. generations over more than 700 years earning recognition as a "living cultural relic" of Chinese brewing

craftsmanship. In May 2006 as a representative heritage of strong-aroma baijiu these techniques were inscribed

on the first National Intangible Cultural Heritage List.

1573 National Treasure Cellars

First built in 1573 during the Ming Dynasty the ancient cellar complex was designated by the State Council in

December 1996 as part of the fourth group of National Key Cultural Relic Protection Units. It was subsequently Luzhou Laojiao Archival Documents (1771–1983)

included in the Tentative List of World Cultural Heritage Sites three times in 2006 2012 and 2019. In March 2013

the State Council issued the Notice on the Verification and Announcement of the Seventh Group of National Key In June 2025 Luzhou Laojiao Archival Documents (1771–1983) was included in the national China ArchivalCultural Relic Protection Units further bringing the “Luzhou Laojiao cellar complex distilling workshops and liquor Document Heritage List becoming the first archival documentary heritage entry related to alcoholic beverages onstorage caves” under the designation of the fourth group of National Key Cultural Relic Protection Units. the list. This milestone means that Luzhou Laojiao is the only cultural entity in the industry to be recognized across

all three major national heritage lists: National Key Cultural Relics Protection Units National Intangible Cultural

Heritage and National Archival Document Heritage. These archives systematically document the transmission

of distilling techniques changes across the industry and the Company's core strengths and serve as important

primary source materials for the study of the history of Chinese baijiu.Floor Plan of the Xietaixiang Shopfront at the Historic Luzhou Laojiao Brewing Workshop

Prestigious Honors Received for Luzhou Laojiao's Cultural Heritage Inheritance Efforts in 2025

● Luzhou Laojiao Archival Documents (1771–1983) was included in the national China Archival Document

Heritage List

● The Luzhou Laojiao Scenic Area was selected as an Outstanding Case in the 2025 Blue Book on the Integrated

Development of Intangible Cultural Heritage and Tourism and was the only case selected from the baijiu

sector of China

● Events such as the "Storage Ceremony" were successfully selected for the "Chinese Alcohol Industry Cultural

IP" program and were featured in the China Alcoholic Drinks Association Cultural News

● Completed the nomination filings for four municipal-level inheritors as well as the annual evaluations and

training plan submissions for representative inheritors of intangible cultural heritage at the national provincial

and municipal levels

143 144Environmental Social and

Governance (ESG) Report

Appendices LUZHOU Luzhou Laojiao Co. Ltd.LAOJIAO

Appendices Chapter Laws and Regulations Internal Policies

Management System for Transfer Manifests of

Hazardous Waste

Standard for Pollution Control on Hazardous

Packaging Standardized Management System for General Solid Waste

List of ESG Policies and Regulations Complied With Waste StorageMaterials Standardized Management System for Hazardous Waste

and Waste Regulations of Sichuan Province on Prevention

and Control of Environmental Pollution by Solid Operation Management System for Pollution Prevention and Control Management

Waste Facilities

Chapter Laws and Regulations Internal Policies Notice on Enabling Electronic Management Ledger for General Industrial Solid Waste

Energy and Measures for Energy Management Assessment

Integrity: Building a Strong Governance Foundation for Steady Development Resource Water Law of the People’s Republic of China

Management Energy Management System

Articles of Association Excellence: Pursuing the Highest Standards of Product Quality Through Craftsmanship

Rules of Procedure for Shareholders' Meetings

Company Law of the People's Republic of China Rules of Procedure for the Board of Directors Measures for the Management of Daily Control Weekly Inspection and

Corporate Securities Law of the People's Republic of China Information Disclosure Management System Monthly Scheduling of Food Safety Risks

Governance Guidelines for the Articles of Association of Listed Investor Relations Management System Product Recall Control Procedures

Companies Measures for Compliance Management Product Recall Control Procedures and the Luzhou Laojiao 2025 Food

Market Value Management System Product Quality Law of the People's Republic of Safety Emergency Drill and Food Safety Recall Drill Plan (Drill)

China

Basic Standards for Enterprise Internal Control Quality Manual of Packaging Material Suppliers

Food Recall Management Measures

Quality Manual of Distilling Raw and Auxiliary Materials Suppliers

Product Safety Food Safety Law of the People's Republic of China Quality Manual for Logistics Enterprises"Three Early Warnings and Three Cards" Integrity Alert Mechanism and Quality

General Standard for the Labeling of Quality Manual of Product Distribution Enterprises

Supervision Law of the Republic of China Regulations on Employee Integrity Compliance Prepackaged Foods Measures for Product Pilot Testing Management

Anti-Monopoly Law of the People's Republic of China Measures for Integrity Review in Official Selection and Appointment Measures for the Supervision and Administration Industry 4.0 Packaging Material - Labels

Business Ethics Anti-Unfair Competition Law of the People's Republic of

Interim Provisions on Middle-Level Official Accountability of Food Labeling Industry 4.0 Packaging Material - Glass Bottles

China Several Provisions on Middle-Level Official Integrity Complianceand Anti- Measures for Food Safety Officer Management

corruption Anti-Money Laundering Law of the People's Republic of Official Management Measures

China Food Safety Protection PlanBusiness Ethics and Anti-corruption Policy

Measures for the Administration of RMB Current Measures for Food Safety Risk AssessmentMonetary Fund Management Measures

Accounts with Banks Bank Deposit Management Measures

Excellent Management Measures for After-Sales Service

Administrative Measures for Letters and Visits Reporting Customer Service / Verification Manual 1.0 for Products with Quality Issues

Anti-Unfair Competition Law of the People's

Cybersecurity Law of the People's Republic of China Republic of China

Data Security

and Privacy Data Security Law of the People's Republic of China Measures for the Cybersecurity Management of Industrial Control Responsible AdvertisingAdvertisement Law of the People's Systems Marketing Republic of China Luzhou Laojiao Co. Ltd. Responsible Marketing PolicyProtection Personal Information Protection Law of the People's

Republic of China Law of the People's Republic of China on the

Protection of Consumers' Rights and Interests

Symbiosis: Brewing Sustainable Beauty in Harmony with Nature

Patent Law of the People's Republic of China

Environmental Management Manual Trademark Law of the People's Republic of Administrative Measures of Luzhou Laojiao Co. Ltd. for the Use of

Collection of Environmental Protection Management Systems Intellectual ChinaProperty "National Cellars" and "Luzhou Laojiao" as Corporate Trade Names

Environmental Protection Law of the People's Republic Environmental Protection Responsibility System and Assessment Protection Copyright Law of the People's Republic of China

of China Intellectual Property Management ManualManagement System Enterprise Intellectual Property Management

Regulations of Sichuan Province on Environmental Management System for Laws and Regulations on Ecological Standards

Protection Environmental Protection and Evaluation of Environmental Factors

Environmental Emission Standard for Air Pollutants for Boilers

Compliance Information Reporting and Emergency Management System for

Management Emission Standard for Air Pollutants for Thermal Power Environmental Emergencies

Plants Cohesion: Bringing Together Diverse Talent to Create Shared ProgressManagement System for Investigation and Control of Potential

Integrated Emission Standard of Air Pollutants Environmental Hazards Labor Law of the People's Republic of China

Law on Noise Pollution Prevention and Control of the Water Pollution Prevention and Control Management System Recruitment Management Measures

People's Republic of China Employee Rights Labor Contract Law of the People's Republic of Air Pollution Prevention and Control Management System China Employee Code of Conduct and Labor Discipline Management

Management System for Prevention and Control of Environmental and Protection MeasuresSocial Insurance Law of the People's Republic of

Noise Pollution China Compensation Management Measures

145 146Environmental Social and

2025 Governance (ESG) ReportAppendices LUZHOU Luzhou Laojiao Co. Ltd.LAOJIAO

SZSE ESG Indicator Index

Chapter Laws and Regulations Internal Policies SZSE Guidelines No. 17 for Self-

Regulation of Listed Companies— Issue Corresponding Chapter

Promotion Management Measures Sustainability Reporting (Trial)

Employee Training and Position Management Measures

Development / Chapter 3 Environmental Information DisclosureCourse Management Measures

Internal Lecturer Management Measures Article 21 Addressing Climate Change

Employee Communication and

Care / Administrative Measures for Assistance Funds for Employees in Need

Article 22 Addressing Climate Change

Article 23 Addressing Climate Change

Work Safety Law of the People's

Republic of China Work Safety Responsibility System Article 24 Addressing Climate Change

Law of the People's Republic of Climate responseWork Safety Commitment Management System Article 25 Addressing Climate Change

Health and Safety China on Prevention and Control of

Occupational Diseases Stakeholder Safety Management System Article 26 Addressing Climate Change

occupational health and safety Luzhou Laojiao Health and Safety Policy

management system certification Article 27 Addressing Climate Change

Article 28 Addressing Climate Change

Synergy: Building Collaborative Value Chains to Foster Win-Win Outcomes

Article 30 Pollutant discharge Environmental Compliance Management

Luzhou Laojiao Supplier Code of Conduct

Article 31 Waste disposal Packaging Materials and Waste Management

Procurement Management Measures

Detailed Rules for Supplier Database Article 32 Ecosystem and biodiversity protection Sustainable Agriculture Practices

Supply Chain Management / Detailed Rules for the Supplier Database for Liquor and Related Article 33 Environmental compliance management Environmental Compliance Management

Material Logistics Services and E-commerce Logistics Services

Agreement on Safety Fire Protection Environmental Protection and Article 35 Energy utilization Energy and Resource Management

Public Security Management

Article 36 Water resources utilization Energy and Resource Management

Innovation-Driven Product R&D Management Measures (Trial)

Development / Measures for the Implementation of Science and Technology Awards Article 37 Circular economy Packaging Materials and Waste Management

Chapter IV Social Information Disclosed Herein

Responsibility: Carrying Forward the Heritage of the Ancient Cellars to Benefit Society

Article 39 Rural Revitalization Rural Revitalization

2025 Work Plan for Baseline Support to Hongyuan County Article 40 Social Contribution Public Welfare Initiatives

Community Contributions /

2025 Targeted Assistance Work Plan Innovation-Driven Development

Article 42 Innovation-driven

Digital and Intelligent Luzhou Laojiao

Cultural Heritage / /

Article 43 Ethics of science and technology NA

Article 45 Supply chain security Supply Chain Management

Article 46 Treat SMEs Equitably NA

Article 47 Safety and quality of products and

Product Safety and Quality

services Excellent Customer Service

Article 48 Data Security and Privacy Protection Data Security and Privacy Protection

Employee Rights and Protection

Article 50 Employee Employee Training and Development

Employee Communication and Care

Chapter 5 Sustainability-Related Governance Disclosures

Management of Risks and Opportunities Related to

Article 52 Due Diligence Financial Materiality

Corporate Governance

Article 53 Stakeholder Communication Stakeholder Communication

Article 55 Anti-Bribery and Anti-corruption Business Ethics and Anti-corruption

Article 56 Unfair Competition Business Ethics and Anti-corruption

147 148Environmental Social and

2025 Governance (ESG) ReportPreface LUZHOU Luzhou Laojiao Co. Ltd.LAOJIAO

Data Performance Table

Economic Social

Indicator Name Unit 2025 2024 2023 Indicator Name Unit 2025 2024 2023

Total operating revenue RMB 100 million 257.31 311.96 302.33 Innovation-driven development

Net profit attributable to parent company RMB 100 million 108.31 134.73 132.46

R&D investment amount RMB 100 million 2.16 2.80 2.67

Governance Proportion of R&D investment in operating revenue % 0.84 0.90 0.88

Indicator Name Unit 2025 2024 2023 Number of R&D employees / 480 475 468

Corporate governance Proportion of R&D employees % 12.27 12.40 /

Number of board meetings held / 13 9 11 Cumulative number of invention patent applications related to

principal business / 657 / /

Overall attendance rate of directors % 100 100 100

Cumulative number of invention patent applications / 675 560 434

Number of board members / 11 11 11

Cumulative number of invention patents granted / 251 211 188

Number of independent directors / 6 4 4

Proportion of independent directors % 54.5 36.4 36.4 Cumulative number of valid patents / 504 / /

Number of female directors / 1 1 2 Product safety and quality

Business ethics and anti-corruption Number of food safety incidents / 0 0 0

Signing rate of Agreement on Joint Integrity Building with suppliers and

distributors % 100 100 / Number of product recall incidents / 0 0 /

Coverage rate of business ethics training for all employees and contractors % 100 / /

Sessions of quality training / 22 24 /

Cumulative anti-corruption training hours for the board Hours 66 / /

Cumulative anti-corruption training hours for management Hours 1080 / / Customer service

Cumulative anti-corruption training hours for entry-level employees Hours 19800 / / Customer service satisfaction rate % 99 99.7 100

Sessions of anti-money laundering training / 2 / / Customer feedback response rate % 100 100 100

Coverage rate of anti-money laundering training for key positions % 100 / /

Customer complaint resolution rate % 97.18 97.30 100

Number of money laundering incidents or related violations of laws or

regulations occurred / 0 / /

Supply chain management

Number of any litigation or subject to any major administrative penalties

arising from unfair competition / 0 / /

Total number of suppliers Suppliers 122 100 /

Data security and privacy protection

Sessions of anti-corruption training for suppliers Sessions 29 4 /

Sessions of cybersecurity training / 5 6 /

Number of data security or privacy security breaches / 0 0 / Coverage rate of anti-corruption training for suppliers % 100 100 /

149 150Environmental Social and

Governance (ESG) Report

Preface LUZHOU 2025 Luzhou Laojiao Co. Ltd.LAOJIAO

Indicator Name Unit 2025 2024 2023 Indicator Name Unit 2025 2024 2023

Employment Aged 51 and above % 1.30 10.47 /

Total number of employees / 3912 3832 3770 Employee turnover rate by type

Number of employees by gender Senior management % 0.00 7.14 /

Number of male employees / 2645 2601 2547 Middle management % 0.03 1.84 /

Number of female employees / 1267 1231 1223 Entry-level employees % 6.13 7.14 /

Number of employees by age group Employee Training

Aged below 30 / 1319 1347 1320 Training investment RMB 10000 1394 1388.15 1388.15

Aged 31-50 / 2093 1998 1987 Total number of employees trained / 3816 3345 /

Aged 51 and above / 500 487 463 Total employee training hours Hours 360781.99 297378.88 136094.8337

Number of employees by educational background level Average training hours per employee Hours 94.54 88.90 /

Below associate degree level / 399 417 / Employee training by gender

Bachelor's degree and associate degree holders / 2789 2796 / Male employees / 2556 2253 /

Postgraduate degree and above holders / 702 603 / Female employees / 1260 1092 /

Number of employees with doctoral degrees / 22 16 / Employee training by employee level

Number of employees by type Number of senior management trained / 12 11 /

Senior management / 12 14 / Number of mid-level management employees trained / 170 159 /

Middle management / 172 163 / Number of entry-level employees trained / 3634 3175 /

Entry-level employees / 3728 3655 / Employee Care

Employee turnover Number of employees receiving large and fixed hardship subsidies / 1935 1876 /

Total employee turnover rate % 6.16 6.92 / Total assistance for disadvantaged employees RMB 10000 103.19 87.18 65.86

Employee turnover rate by gender Health and Safety

Male employees % 4.58 6.19 / Number of work-related deaths - employees / 0 0 0

Female employees % 1.58 8.45 / Number of work-related deaths - contractors / 0 0 /

Employee turnover rate by age group Work-related fatality rate - employees % 0 0 0

Aged 30 below % 3.02 10.39 / Work-related fatality rate - contractors % 0 0 /

Aged 31-50 % 1.84 3.70 /

37 This data has been updated retrospectively.

151 152Environmental Social and

2025 Governance (ESG) ReportPreface LUZHOU Luzhou Laojiao Co. Ltd.LAOJIAO

Environmental38

Indicator Name Unit 2025 2024 2023 Indicator Name Unit 2025 2024 2023

Days lost due to work-related injuries - employees Days 70 320 / GHG emissions

Workplace safety investment RMB 10000 1397.63 1273.26 2366.3 Direct GHG emissions (Scope 1) tCO2e 106713.30 126172 117800.73

Indirect GHG emissions (Scope 2) tCO2e 25107.36 24829 15629.51

Amount invested in employment injury insurance RMB 10000 268 246 /

Total GHG emissions (Scopes 1 and 2) tCO2e 131820.66 151001 133430.24

Coverage rate of employees with employment injury insurance % 100 100 /

GHG emissions intensity (Scopes 1 and 2) tCO2e/million gross industrial output value 10.48 14.69 14.37

Amount invested in work safety liability insurance RMB 10000 20 20 / Wastewater discharge39

Coverage of work safety liability insurance % 100 100 / Total wastewater discharge Tonnes 1307370.28 1300200.68 /

Safety Training COD emissions Tonnes 277.69 29.90 /

BOD emissions Tonnes 37.79 / /

Number of participants in safety drills / 6100 6500 4100

Ammonia nitrogen emissions Tonnes 15.09 0.94 /

Number of safety drills - employees / 224 211 /

Total phosphorus emissions Tonnes 11.50 0.58 /

Number of safety drills - contractors / 59 41 / Emission of air pollutants

Total safety training hours - employees Hours 22168 85356 / Total waste gas emissions Cubic meters 824753910.59 799468961.90 /

Total safety training hours - contractors Hours 7200 7034 / Particulate matter Tonnes 0.10 0.12 /

Sulfur oxides emissions Tonnes 0.60 0.46 /

Safety training coverage rate - employees % 100 100 /

Nitrogen oxides emissions Tonnes 24.70 22.82 /

Safety training coverage rate - contractors % 100 100 /

Smoke and dust emissions Tonnes 0.45 0.46 /

Packaging material consumption40

Glass consumption Tonnes 112080.71 145687.47 /

Metal consumption Tonnes 415.74 4694.84 /

Ceramic consumption Tonnes 1237.61 1238.15 /

Wood and paper consumption Tonnes 67585.67 74858.85 /

38 Intensity and density indicators have been retrospectively updated to reflect methodological boundary adjustments.

39 The total volume of wastewater discharge remained within normal fluctuation levels. Following the implementation of

negotiated discharge arrangements the concentration of water pollutants in effluent released from the Luohan Distilling

Ecological Park increased resulting in a higher total load of pollutants discharged beyond the plant boundary.

40 In 2025 the Company enhanced and upgraded its packaging material consumption statistical system. The statistical scope

was expanded from the five major product items in 2024 to all product categories leading to a corresponding adjustment

of the 2024 data.

153 154Indicator Name Unit 2025 2024 2023

Plastic consumption Tonnes 8457.95 2812.32 /

Other packaging materials consumption Tonnes 3711.43 5115.66 /

Total packaging materials consumption Tonnes 193489.11 234407.30 /

Solid waste discharge

Total hazardous waste discharge Tonnes 45.22 /

403645.4641

Total non-hazardous waste discharge Tonnes 389784.62 365200.00

Tonnes/million

Hazardous waste discharge intensity gross industrial 0.004 /

output value 39.2842Tonnes/million

Non-hazardous waste discharge intensity gross industrial 31.00 39.33

output value

Energy use

Non-renewable energy consumption Tonne of standard coal 78749.99 72336.20 /

Renewable energy consumption Tonne of standard coal 781.64 730.52 /

Comprehensive energy consumption Tonne of standard coal 79531.64 73066.72 /

Tonne of

standard coal/

Comprehensive energy consumption intensity million gross 6.33 7.11 /

industrial output

value

Water resource use

Reuse of reclaimed water Tonnes 454516 376775 /

Volume of circulating water Tonnes 2955289 2705482 2624477

Total freshwater intake Tonnes 2914435 3151865 3275500

Total water consumption Tonnes 2914435 3151865 /

Tonnes/million

Water consumption intensity gross industrial 231.80 306.69 /

output value

Cooling water recirculation rate % 87.26 / /

Utilization rate of alternative water sources % 15.75 / /

41 The data disclosed in 2024 refers to the total waste discharge.

42 The data disclosed in 2024 refers to the total waste discharge intensity.

155156

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