Building on Integrity Crafting Fine
Liquor Upholding Self-Discipline and
Benefiting Society
The "Gujing" logo composed of blue sky white clouds an ancient well and a Chinese scholar tree
is the totem in the hearts of all Gujing people.Among them the "blue sky" symbolizes the paramount importance of quality brand and
employees;
The "white clouds" represent high aspirations and a simple clean and harmonious relationship
among employees;
The "Chinese scholar tree" signifies greenness environmental protection vitality as well as loyalty
perseverance and dedication;
The "ancient well" embodies a long-standing and enduring spirit.About This Report About This Report 2
Message from the Chairman 4 CONTENTS
About Us 6
Organizational Scope Reference Standards
Annual Honors (Selected) 10
This report presents the performance of Anhui Gujing Distillery United Nations Sustainable Development Goals (SDGs)
Company Limited (hereinafter referred to as "Gujing Distillery" "the ESG Management 12
Company" or "we") and its subsidiaries including Yellow Crane Tower The Ten Principles of the UN Global Compact
Distillery Co. Ltd. (hereinafter referred to as "Yellow Crane Tower The Sustainability Reporting Standards (GRI Standards) of the Global
Distillery") Anhui Mingguang Liquor Co. Ltd.(hereinafter referred to Reporting Initiative (GRI)
as "Mingguang Liquor") and Anhui Longrui Glass Co. Ltd. (hereinafter
referred to as "Longrui Glass") in corporate governance economic ISO 26000 Guidance on Social Responsibil ity issued by the
social and environmental aspects. Certain sections also include International Organization for Standardization (ISO)
information related to Anhui Gujing Group Co. Ltd. (hereinafter Guiding Opinions on High-Standard Fulfillment of Corporate Social
referred to as "Gujing Group" or "the Group"). Responsibility by Centrally-Administered State-Owned Enterprises "Gu" (Ancient) Charm "Jing" (Well)
in the New Era issued by the State-owned Assets Supervision and in Full Bloom 20 Nourishing China 42
Administration Commission (SASAC)
Guidelines for Self-discipline Supervision of Listed Companies on Ecological Heritage for Safeguarding Upholding Integrity Driving
the Shenzhen Stock Exchange No. 17—Sustainable Development the Essence of Brewing Innovation and Enriching Lives
Reporting Period Report (Trial)
Guidelines on Sustainability Reporting for Chinese Enterprises
This report covers the period from January 1 2025 to December 31 (CASS-ESG 6.0) I. Climate Change Response 22 I. Quality Service 44
2025 with certain content extending beyond this timeframe. ESG Evaluation Guidance for Alcoholic Beverage Enterprises and
ESG Disclosure Guidance for Alcoholic Beverage Enterprises issued II. Protection of the Ecological Environment 29 II. Sustainable Supply Chain 68
by China Alcoholic Drinks Association (CADA)
III. Health and Safety 77
IV. Employee Development 84
Reporting Cycle
V. Contributing to Society 92
This is an annual report and the fourth Environmental Social and Access to the Report
Governance (ESG) report released by Gujing Distillery.This report is available in both Chinese and English. In case of any
discrepancies the Chinese version shall prevail.Future Outlook 118
Reliability Assurance For more ESG-related information on Gujing Distillery or to "Gong" (Contribution) to download the electronic version of this report please visit: Society with Dedication 98 Appendix 120
The Board of Directors of the Company assumes responsibility for Ecological Heritage for Safeguarding I. Key Performance 120
overseeing this report ensuring that there are no false statements Gujing Distillery Official Website: https://www.gujing.misleading representations or material omissions. com/ the Essence of Brewing II. Index of Key Performance Indicators 128
Shenzhen Stock Exchange Official Website: http://www. (KPIs) for MSCI ESG Ratings
szse.cn/
I. Governance System 100 III. Index of the Content of the Guidelines of 129
Information Disclosure II. Compliance Operation 103
Shenzhen Stock Exchange
IV. Index of the Content of the Ten Principles
To request a printed copy of this report please contact the Board III. Risk Management 109
130
of the UN Global Compact
Key financial performance data in this report is sourced from the Secretary's Office:
2025 Annual Report of Anhui Gujing Distillery Company Limited IV. Business Ethics 111 V. Index of the GRI Standards
while other data is derived from the Company's internal management 131
systems. Compared to the Company's previous ESG reports this V. Protection of Shareholders' Rights and 113
report adopts the same statistical disclosure methods but adjusts the Phone: 0558-5710057
VI. List of Important Laws Regulations and
Interests 137
scope of disclosure for some indicators. The financial figures in this ESG Systems
report are presented in Renminbi (RMB). E-mail: gjzqb@gujing.com.cn VI. Party Building 115 VII. Certification Report 139
VIII. Feedback Form 141
2 34 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Message from the Chairman 5
Message from the Chairman
Based on ecology and moving towards green development we have painted the development background with meticulous craftsmanship. Green
and low-carbon practices are the inevitable path for high-quality corporate development. In 2025 we have formulated the 15th Five-Year Plan for
Energy Conservation and Carbon Reduction continuously increasing investment in environmental protection. Throughout the year we have allocated
RMB 69889800 to environmental protection efforts delving deeply into the development path of "green brewing and intelligent manufacturing" to
enhance environmental governance and efficiency. On the production front the second phase of the distributed photovoltaic power station project was
fully implemented expanding the supply of green electricity. The intelligent management platform for "energy + dual carbon" operated efficiently with
technologies such as brewing waste heat recovery being widely promoted. The Intelligent Industrial Park saved approximately 500000 tons of water and
20000 tons of standard coal annually reducing carbon emissions per unit of product by 18%. We have been successfully selected as "China's Top Runner
for Industrial Carbon Peaking." In terms of recycling we have overcome industry challenges in the resource utilization of high-concentration wastewater
in brewing recycling over 600000 tons of solid waste such as distiller's grains and establishing a circular economy industry chain that "makes full use of
resources." We have added one National Green Factory and one provincial green factory building a robust green development barrier from point to area.From production processes to waste recycling and from energy structure optimization to eco-friendly technology innovation we have empowered green
transformation with technology allowing the ecological wisdom of oriental brewing to continuously shine in practice.Based on a responsibility-centered approach and acting towards goodness we have practiced the responsibility of state-owned enterprises
through integrated development. We have always borne in mind the "major concerns of the country" integrating social responsibility into our
development context. With an inclusive and sharing mindset we ensure that the fruits of development benefit a broader range of groups demonstrating
our corporate sentiment of "benefiting society" through concrete actions. We have deepened the model of "agriculture to the forefront and industry
to follow" promoting "contract farming" for raw grain and establishing high-quality raw grain bases to the standards of a "first production workshop."
Simultaneously we have dispatched resident village officials to the frontlines of rural areas providing price guarantees technical guidance and sales
support to farmers thereby activating rural development vitality through industrial revitalization. We have fostered a corporate culture that emphasizes
integrity and righteousness implemented the "Three-Listening and Three-System" approach conducted regular all-staff training improved a multi-
tiered and comprehensive welfare support system and provided assistance to those in difficulty and support for education enhancing employees' sense
of happiness and fulfillment. We have remained committed to quality deeply rooted in quality control and continuously improved a comprehensive
quality control system from raw grain to raw liquor and from liquor bodies to packaging thus safeguarding the safety of consumers' taste buds. We
have kept enhancing the quality of our services building a bridge of connection with consumers through sincere service and conveying the warmth of
our brand. We have integrated ESG concepts into our cooperation system and facilitated value co-creation and green coexistence with upstream and
downstream partners in the industry chain continuously transforming the "green content" of the baijiu industry into "gold content" for development.We have promoted the "good-person" culture and continuously carried out public welfare activities such as "Golden Autumn Student Assistance and
Scholarships" "Respect for the Elderly in the Double Ninth Festival" and emergency rescue transmitting positive energy and uniting forces for good to
society.Based on governance and advancing towards substance we have consolidated the development foundation with standardized management.Governance is the "stabilizer" for sustainable corporate development. Led by Party building safeguarded by the rule of law and bound by compliance
we have continuously improved our modern corporate governance system. In 2025 we have continuously refined the governance structure where the
Shareholders' Meeting Board of Directors and management perform their duties operate in a coordinated manner and effectively check and balance
each other. We have incorporated ESG indicators into the corporate operation and management assessment system deeply integrating ESG concepts
Liang Jinhui throughout the entire chain of corporate governance. In addition we have strengthened the concept of compliant operation and constructed a "1+5+1"
Secretary of the Party Committee and law-based Gujing model achieving a 100% legal review rate for rules and regulations economic contracts and major decisions to safeguard business
Chairman safety through full-process compliance. We have reinforced comprehensive risk management and control and internal control audits establishing a
dynamic risk screening mechanism and strictly guarding against risks. We have also adhered to the bottom line of honest operation maintaining zero
Anhui Gujing Distillery Company Limited tolerance for corruption and commercial bribery conducting comprehensive integrity education and creating a clean and upright business ecosystem.We have effectively safeguarded the legitimate rights and interests of shareholders smoothed the communication channels for investors standardized
related-party transactions and persisted in stable dividends to reward investors. Moreover our consecutive listings on prestigious lists such as the "China
ESG Listed Companies Pioneer 100 for State-Owned Enterprises (2025)" by China Media Group and the "Top 100 ESG Golden Bull Award" served as
high recognition and authoritative endorsements of our ESG governance efforts as well as incentives and motivations for us to adhere to standardized
governance and fulfill our responsibilities.The year 2025 marks the final year of the 14th Five-Year Plan period and the preparatory year of the 15th Five-Year Plan period. The journey ahead is long and arduous but with determined steps we will reach our destinations. Standing at the new starting point of planning for
It is also a pivotal year for Gujing Distillery as we leverage the initiative for "the year for improving the working style" to drive the 15th Five-Year Plan Gujing Distillery will regard ESG development as the core engine for our high-quality development. We will always uphold the ESG
the deep integration of ESG governance with production and operations steering our development towards greener newer development concept firmly grasp the opportunities of the times strive forward with determination and advance through innovation. We will remain
and superior trajectories. This ESG report serves as a genuine testament to Gujing Distillery's commitment to upholding our unwavering in our strategy uncompromising in our quality proactive in the market and dynamic in our management continuously integrating the three
corporate values of "building on integrity crafting fine liquor upholding self-discipline and benefiting society." It represents dimensions of ESG deeply into every aspect of corporate development strategy production and operations and cultural cultivation striving to build core
our solemn promise to empower industrial upgrading through green development and to fulfill our social responsibilities to ESG competitiveness.all sectors of society. On behalf of the Board of Directors of Anhui Gujing Distillery Company Limited I would like to extend my
sincerest gratitude to all shareholders partners friends from all walks of life who have long cared for and supported Gujing as With a clear goal in mind we will forge ahead regardless of difficulties. Gujing Distillery will join hands with partners from all sectors to paint a new
well as to all Gujing staff who have worked together with us. industrial landscape with green development write a new chapter of responsibility with accountable actions and activate new development momentum
through standardized governance and make sustainable development the most brilliant foundation for "Crafted in China for the World to Enjoy."6 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report About Us 7
About Us Product Portfolio
Company Profile
As one of China's top eight time-honored liquor brands Gujing Distillery is the first Chinese baijiu (a traditional Chinese distilled spirit) company
to launch an initial public offering (IPO) on both the A-share and B-share markets. Based in Bozhou Anhui Province home to the historical figures
Cao Cao and Hua Tuo and recognized as one of the world's top ten spirits producing areas the Company traces its origins back to Gongxing
Distillery established in the 10th year of the Zhengde reign of the Ming Dynasty (AD 1515). It was restructured into a provincial government- Gujinggong Yellow Crane Tower Mingguang
owned enterprise Boxian Gujing Distillery in 1959.Gujing Distillery's strategic product Gujinggongjiu · Nianfenyuanjiang carries a legacy dating back to AD 196 when Cao Cao a renowned military
leader and statesman in ancient China presented the local specialty "Jiuyun Spring Liquor" together with its making secrets from his hometown
Bozhou to Emperor Xian of Han (Liu Xie). Since then the liquor became a tribute to the imperial court and Cao Cao has been historically Crystal-clear color
recognized as the "Liquor Deity" of Gujinggong. The Jiuyun Brewing Method has been recorded in the Guinness World Records. With its Soft and mellow An exceptional masterpiece
distinctive characteristics—crystal-clear color orchid-like aroma sweet and mellow taste upon entry and a lingering aftertaste—the Gujinggong orchid-like aroma
Liquor has won four consecutive gold medals in the national baijiu evaluations and received a gold award at the 13th SIAL Paris. Over the years elegant and refreshing with a full-bodied and mellow aroma
the Company has earned numerous prestigious honors including China Time-Honored Brand National Quality Benchmark National Industrial sweet and mellow taste upon entry
Design Center National Green Factory National 5G Factory and Anhui Provincial Government Quality Award. Additionally the Gujinggong with a long-lasting finish offering a clean and smooth taste
Liquor Brewing Heritage Site has been selected into the 7th batch of Major Historical and Cultural Sites Protected at the National Level while and a lingering aftertaste
its craftsmanship has been recognized as a National Intangible Cultural Heritage Project its Traditional Brewing Zone has been recognized as a
National Industrial Heritage Site and its Gujinggong Liquor has been recognized as a National Geographic Indication Product thus earning the
titles "The Peony of Liquors" and "China's Premier Tribute Liquor."
In April 2016 Gujing Distillery entered into a strategic cooperation agreement with Yellow Crane Tower Distillery Co. Ltd. ushering in a new
era of collaboration between China's prestigious liquor brands. In January 2021 the Company signed a strategic cooperation agreement with
Mingguang Liquor. In September 2021 a similar agreement was signed with Zhencang Liquor. Currently Gujing Distillery operates under four Gujing
major brands namely Gujinggong Yellow Crane Tower Old Mingguang and Jiuyun Liquor and produces six distinct aroma types including
nongxiang (strong aroma) qingxiang (light aroma) jiangxiang (sauce aroma) minglvxiang (mung bean aroma) guxiang (ancient aroma) and Gujinggong Yellow Crane Tower Old Mingguang
kaomaixiang (roasted wheat aroma). The Company also boasts eight major production bases including the Gujinggongjiu · Nianfenyuanjiang Nianfenyuanjiang
Traditional Brewing Zone (a National Industrial Heritage Site) Gujing Distillery Zhangji Eco-brewing Base Gujing Distillery Quality and Sci-Tech
Park Yellow Crane Tower Distillery Wuhan Plant Yellow Crane Tower Distillery Xianning Plant Yellow Crane Tower Distillery Suizhou Plant Anhui
Mingguang Liquor and Guizhou Jiuyun Liquor Industry.In 2025 Gujing Distillery ranked 11th on the "World's List of Distilled Liquor Brands" in the global distilled liquor brand evaluation and the
Gujinggong Liquor Brewing Heritage Site was successfully included in China's World Cultural Heritage Tentative List. Anhui Gujing Distillery
Company Limited has won the titles of "National Enterprise Committed to Product and Service Quality Integrity" and "National Consistently Bozhou Anhui Province Wuhan Xianning and Suizhou Hubei Chuzhou Anhui Province
Qualified Product in Quality Inspection" for ten consecutive years. Province
Nongxiang qingxiang jiangxiang minglvxiang guxiang kaomaixiang
(strong aroma) (light aroma) (sauce aroma) (mung bean aroma) (ancient aroma) (roasted wheat aroma)
Three Major Diverse Flavors Five China Well-Known Key Production Six Aroma Brands Trademarks Areas Types8 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report About Us 9
Operational Performance Subsidiaries
2023 2024 2025 2023 2024 2025 Bozhou Gujing Sales Co. Ltd. Anhui Guqi Liquor Industry Co. Ltd. Ezhou Junya Trading Co. Ltd.
Total assets Total revenue Anhui Gujing Suhuai Liquor Industry Sales Co. Anhui Guqi Liquor Industry Sales Co. Ltd. Wuhan Juntai Trading Co. Ltd.Ltd.Yellow Crane Tower Distillery Co. Ltd. Anhui Mingguang Liquor Co. Ltd.Anhui Longrui Glass Co. Ltd.Yellow Crane Tower Distillery (Xianning) Mingguang Tiancheng Mingjiu Sales Co. Ltd.RMB 100 million 354.21 405.22 381.97 RMB 100 million 202.54 235.78 188.32 Anhui Jiu'an Electromechanical Equipment Co. Co. Ltd.Ltd. Anhui Jiuhao China Railway Construction
Yellow Crane Tower Distillery (Suizhou) Engineering Co. Ltd.Anhui Jinyunlai Culture Media Co. Ltd. Co. Ltd.
2023 2024 2025 2023 2024 2025 Anhui Zhenrui Construction Engineering Co.
Anhui Ruisi Weier Technology Co. Ltd. Wuhan Tianlong Jindi Technology Ltd.Total profit Net profit Development Co. Ltd.Shanghai Gujing Jinhao Hotel Management Co. Renhuai Maotai Town Zhencang Winery
Ltd. Xianning Junhe Sales Co. Ltd. Industry Co. Ltd.Bozhou Gujing Hotel Co. Ltd. Wuhan Junya Sales Co. Ltd. Guizhou Zhencang Liquor Industry Sales Co.RMB 100 million 63.32 77.96 50.84 RMB 100 million 47.26 57.07 36.41 Ltd.Anhui Yuanqing Environmental Protection Co. Suizhou Junhe Trading Co. Ltd.Ltd. Anhui Gujing Health Technology Co. Ltd.Huanggang Junya Trading Co. Ltd.
2023 2024 2025 2023 2024 2025 Anhui Gujing Yunshang E-Commerce Co. Ltd. Anhui Guj ing Qingyang Supply Chain
Wuhan Gulou Junhe Trading Co. Ltd. Management Co. Ltd.Taxes paid Asset-liability Anhui Run'an Xinke Testing Technology Co. Ltd.ratio Wuhan Gulou Juntai Trading Co. Ltd. Anhui Guge Culture Media Co. Ltd.Anhui Jiudao Culture Media Co. Ltd.Xiaogan Gulou Tiancheng Trading Co.Anhui Gujinggongjiu Nianfenyuanjiang Theme Ltd.RMB 100 million 66.93 82.37 73.16 % 36.72 36.59 31.66 Hotel Management Co. Ltd.Organizational Structure Corporate Culture
Shareholders' Meeting Culture of Contribution
Audit Committee
Board of Directors
Strategy and ESG Committee
Nomination Committee
Chairman
Remuneration Appraisal Committee Mission Vision Core Values
General Manager
Executive Deputy General Manager
Crafting fine liquor for a happy life To become the most popular and Building on integrity crafting fine
Deputy General Manager respected baijiu company in China liquor upholding self-discipline and
benefiting society
Development Strategy
We will remain unwavering in our focus on the core business of baijiu advancing Strategy 5.0 to build a digital international and law-based new
Gujing.Gujing Strategy 5.0 involves establishing a new model featuring front-end customer acquisition mid-end experiential engagement and back-end
settlement while integrating and developing all of the Company's industries in a holistic manner.
5A Management Committee (Under
Preparation)
Power and Environmental Protection
Center
Brewing Management Center
Finished Product Bottling Center
Logistics and Dispatch Center
Technology and Quality Center
Emergency Management Center
Digitalization Center
Procurement Center
Human Resources Center
Internal Audit Center
The Board Secretary's Office
Financial Management Center
Administrative Services Center
Corporate Management Center10 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Annual Honors (Selected) 11
Annual Honors (Selected)
Gujinggong2
Gujing Distillery 1 In the Top 50 Most Valuable & Strongest Spirit Brands 2025 "Nianfenyuanjiang" won the Excellent Brand in Anhui's
released by Brand Finance Gujinggong Liquor ranked 8th Food Industry in 2024.with a brand value of USD 3.566 billion making it the only
Anhui baijiu brand on the list and one of the top six Chinese
th Named a "2025 China Consumer Famous Brand." Ranked 18 in the "China ESG Listed Companies Pioneer Won the "National Trustworthy Liquor Project · baijiu brands.
100 for State-Owned Enterprises (2025)" by China Media Demonstration Enterprise."
Group.Honored with the "National Consistently Qualified Product
Ranked in the "China ESG Listed Companies Pioneer 100 in Quality Inspection" "National Enterprise Committed to
in the Yangtze River Delta Region (2025)" by China Media Product and Service Quality Integrity" etc.Group.Yellow Crane Tower Distillery
Certified with the Data Management Capability Maturity
Passed the review for the third batch of National Industrial Model (DCMM Level 4 - Quantitative Management Level)
Heritage Sites. Rated as the "7th National Role Model Establishment." Yellow Crane Tower Distillery (Suizhou) Co. Ltd. was
included in the list of National 5G Factories by the Ministry
of Industry and Information Technology.Ranked 11th on the "World's List of Distilled Liquor Brands Selected for the first batch of the list of China Consumer
Selected as one of the first 60 national "Guardian Brands." in 2025." Famous Brands by the Ministry of Industry and Information
Technology. The Southern Daqingxiang · Lou 12 of Yellow Crane Tower
Liquor won the Annual Qingzhuo Award of the China
Alcoholic Drinks Association. As of 2025 Yellow Crane Tower
Won the "First Prize of the Science and Technology Progress Awarded the "Model Enterprise for High-qual i ty Liquor has won this award for nine consecutive years.Award of the China National Light Industry Council." Development in Anhui's Food Industry in 2024."
The Technology and Quality Center was rated as the "China Won the "ESG Brand Pioneer" of the "ESG Whale Bull
Light Industry Solid-State Fermentation Engineering Award" by the China Enterprise Reform and Development
Technology Research Center." Society.Mingguang Liquor
Shortlisted among the "Top 500 Key Enterprises in China's Won the Third "Guoxin Cup" Top 100 ESG Golden Bull
Food Industry in 2025" ranking 40th. Award by China Securities Journal.Recognized as one of the "Top 20 Fast-Developing Enterprises" and "Top 20 Industrial Enterprises with Comprehensive
Benefits" in Mingguang City in 2024.Awarded the "Regional Landmark Product" at the 6th Won the "2025 China Enterprise ESG Top 100" by Sina
China Baijiu Huanghuai Core Production Area High-Quality Finance.Development Summit.Won the "Listed Company with the Best Shareholder
Included in the "Classic 30 Product Recommendation List Return" in the "2025 Phoenix Star Listed Company
for the 30th Anniversary Series of Activities of the China Selection." Advanced Individuals
National Association for Liquor and Spirits Circulation."
Received the "2024 Liquor Industry ESG List—Outstanding Liang Jinhui was awarded the "National Model Worker." Li Tianfeng won first place in the Anhui Provincial Selection
Social Welfare Case." for the Packaging Designer category in the 4th National
Industrial Design Vocational Skills Competition in 2024 and
Zhang Lihong won the title of "Outstanding Individual in was named the "Technical Expert of Anhui Province."
the National Ankang Cup Competition from 2022-2023."
Note 1: It refers to the Company—Gujing Distillery.Note 2: It refers to the brand—Gujinggong Liquor.12 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report ESG Management 13
ESG Management ESG Strategy
Taking into account both global and domestic development trends alongside our resource endowment we clearly put forward the strategic goal
We have consistently adhered to the ESG philosophy of "Crafting Fine Liquor for a Happy Life" fully integrating ESG into our corporate of "advancing Strategy 5.0 to build a digital international and law-based new Gujing." This strategy coordinates multiple values of corporate
development strategic planning. We have established a stable and efficient ESG governance framework continuously deepened our ESG development environment society and governance striving to achieve long-term and sustainable development.management system and kept enhancing our governance capabilities and performance levels thus providing solid momentum for our high-
quality and sustainable development.ESG Governance Strengthen industry leadership by deeply integrating digital technology with manufacturing as
well as fostering greater synergy between technological and industrial innovation.To effectively respond to the growing demands of ESG development and strengthen coordinated management and advancement we have
incorporated ESG matters into the deliberation agenda for the Board of Directors and established a Strategy and ESG Committee. Furthermore a "Digital" Establish a new "1+2+6+N" digital management model leverage digital tools to empower
three-tier ESG governance framework involving the decision-making management and execution levels has been put in place in a step-by-step marketing and management accelerate the transformation and upgrading of traditional
manner to provide organizational guarantees for ESG initiatives. industries and foster new quality productive forces.Board of Directors & Strategy and ESG Committee
As the supreme decision-making body for ESG matters the Board of Directors is accountable to the
Shareholders' Meeting and responsible for overseeing and managing the Company's overall ESG strategy and
Decision- planning.Making Level
As a specialized body under the Board of Directors the Strategy and ESG Committee chaired by the Chairman Uphold our strategy of focusing on the baijiu business advance national market penetration
is responsible for researching major decisions related to the Company's long-term development strategies and optimize the industrial layout to solidify our international presence.significant investments and ESG governance. It provides advisory opinions and suggestions and reports on "International"
relevant matters to the Board of Directors. Participate in industry events at home and abroad conduct global promotional tours and
strengthen international collaboration and exchanges.Managers
Management Responsible for formulating ESG management strategies and plans assessing ESG-related risks overseeing
Level progress toward ESG goals and tasks and leading the preparation of ESG reports. Embed the requirements of law-based corporate governance into all operational decision-
making processes and operate in accordance with laws and regulations to ensure closed-loop
risk management."Law-Based"
Headquarters' Other Functional Departments & Subsidiaries Effectively strengthen the coordinated advancement supervision and assessment of ESG
initiatives and promote the standardization systematization and institutionalization of ESG
matters.Execution Responsible for embedding ESG initiatives into strategic planning ensuring their effective execution regularly
Level reporting on ESG performance monitoring ESG execution across all subordinate units and supporting the
preparation and disclosure of ESG reports.Maintain good coordination between development and security and build a robust line of
defense for security and emergency response.Advance the "Three Excellence Initiative" to deliver superior service."New Gujing" Accelerate green and low-carbon transformation through coordinated efforts in industrial
restructuring pollution control ecological conservation and climate action.Support all-around rural revitalization and coordinated development between regions.Foster harmonious labor relations and make positive contributions to social well-being.14 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report ESG Management 15
ESG-Related Risk Management ESG Key Performance Indicators (KPIs) and Their Achievement Status
Key Risk Risk Subcategories Effective Mitigation Measures KPI Objectives & Targets Achievement Status Categories in 2025
Closely track policy and regulatory developments and deepen communication
with government agencies and industry associations. To deepen the operations of "Three Institutes and One Laboratory" focus on
Changes in industry policies
Technological Adjust business strategies and production management models in a timely baijiu R&D breakthroughs transform research achievements into productive Innovation 47 research projects Increasingly stringent
Policy and manner.forces and provide robust technological support for the Company's high- conducted
environmental requirements quality development
Regulatory Risks Increase inputs in environmental protection to optimize eco-friendly
equipment and production processes.Optimize product portfolio and develop strategic flagship products.Fierce market competition
Define clear brand positioning highlight product uniqueness and enhance Digitalization To comprehensively advance the digital transformation of "baijiu + Internet" Changes in consumer marketing efforts. and build a 5G transparent factory All achieved
Market Risks demands
Increase investments in R&D to cater to diverse consumer needs.Build a stable supply chain by establishing long-term partnerships with
multiple raw material suppliers across various regions to spread supply risks.Supply instability
Establish a raw material reserve system to maintain a safe inventory level. Zero major quality incidents zero food safety incidents 100% product pass
Price fluctuations Product Quality All achieved
Raw Material and Adopt "contract farming" to stabilize prices.rate in market sampling inspections and 0% product withdrawal and recall
rate
Procurement Risks Quality inconsistency Strengthen quality control at the source by collaborating with high-quality raw
material bases.Production equipment Establish routine maintenance and regular inspection mechanisms for
failures equipment to identify and eliminate potential hazards in a timely manner.% response rate of complaints within 24 hours and no customer-related Complex production Introduce advanced production systems to enhance operational skills and Customer Service
100 All achieved
process control standards. privacy data breach incidentsprocesses
Workplace safety incidents Strengthen workplace safety measures check for security hazards and
improve hazard rectification training and risk control.Environmental pollution
Production and incidents Upgrade environmental protection facilities enhance environmental
Operational Risks monitoring and ensure proper training.Information security and To achieve the "Four-Zero" goal for workplace safety normal operation
data privacy breaches Consolidate network information and data security management by strictly of equipment and facilities compliance with the "Three Simultaneities" Workplace Safety
controlling information access permissions and scope to safeguard personal safety system for project construction 100% completion rate of hazard All achieved
Loss of key talent privacy. identification and rectification etc.Cash flow difficulties Optimize financial budget management and expand financing channels.Risks in recovering accounts Establish a customer credit rating system and strengthen tracking and
receivable collection of accounts receivable.By 2030 to strive to reduce the energy consumption per unit of baijiu output Financial and Unprofitable or Conduct thorough investment evaluations and feasibility analyses adopt value by more than 10% compared with that in 2025 and reach an advanced
Investment Risks underperforming diversified investment strategies and closely monitor the financial and level in the industry
investments operational conditions of investment projects.Energy and By 2030 to strive to reduce the total energy consumption by 3%-5% compared
Strengthen the IP protection mechanism and take legal action against Resource with that in 2025 In progress
Intellectual property (IP) infringements. Utilization
infringement During the 15th Five-Year Plan period to strive to achieve a cumulative saving
Establish a comprehensive public opinion monitoring and rapid response
Brand and Negative or misleading of 10000 tons of standard coal through management technical energy-system.Reputation Risks public opinion saving and other measures Enhance brand management and the ability to respond to public opinion.Establish a standardized regulatory system optimize approval processes
conduct routine and special supervision and impose strict penalties.Bidding violations
Drive the digital transformation of business and enhance real-time monitoring.Irregularities in selection and
appointment Strengthen selection and appointment criteria and enforce rigorous processes % wastewater discharge compliance rate % air emission
for selecting and appointing officials. Wastewater 100 100
Exhaust and Solid compliance rate and 100% hazardous waste disposal compliance rate; All achieved
Integrity Risks Corruption and bribery Fully leverage assessment results to drive accountability and corrective actions. Waste Emissions
Self-seeking misconduct Normal operation of equipment and facilities
Carry out education on combating corruption and upholding integrity to foster
a culture of integrity across the organization.16 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report ESG Management 17
Analysis of Dual Material Topics Assessment results of material topics
In 2025 in accordance with the requirements of the Guidelines for Self-discipline Supervision of Listed Companies on the Shenzhen Stock Following a comprehensive assessment six topics were identified as having both financial and impact materiality while the Company has
Exchange No. 17—Sustainable Development Report (Trial) and referring to the Guidelines for Self-discipline Supervision of Listed Companies responded to them in this report in accordance with the four-element content and relevant regulations on corresponding topics in the Guidelines.on the Shenzhen Stock Exchange No. 3—Preparation of Sustainable Development Report as well as relevant international disclosure Twenty-three topics were identified as having impact materiality only while the Company has addressed them in accordance with the relevant
standards and assessment methods the Company carried out a dual materiality assessment for sustainable development topics. regulations on corresponding topics in the Guidelines. Five topics were identified as having neither impact nor financial materiality and then the
Company has disclosed or explained them in this report with reference to major international sustainability disclosure standards and our actual
circumstances.Process of dual materiality assessment and analysis
Taking into account our industry characteristics and business operations we have identified the impact of each topic on our business model
operations development strategy financial performance etc. as well as the actual and potential impacts of our performance on each topic on
the economy society and environment. The process is as follows: 24
251123
12
2113
Understanding of the Context for the Company's Activities and Business Relationships 14 19
Analyze the Company's internal activities and business relationships including our business relationships products and services
markets geographical locations industry characteristics etc.; 3 16
Understand the external objective environment including relevant laws regulations regulatory policies and industry hotspots 20 18 26 1
related to the Company; 28
22193231
30 8Identify key stakeholders significantly affected including internal and external parties and sort out the stakeholder engagement 6 33 34 29
mechanisms methods and frequency. 27 15 5
410
9
Establishment of a Topic List 7 2
Based on the 21 topics set in the Guidelines of the Shenzhen Stock Exchange and combined with macro policies industry policies
and development trends ESG rating standards and other criteria and peer analysis we sorted out and developed a topic list with
a total of 34 relevant topics.Assessment and Confirmation of Topic Materiality
Impact materiality assessment: Based on stakeholder questionnaires and incorporating opinions from internal and external
experts we formulated the assessment results of impact materiality for topics. A total of 2142 questionnaires on the impact
materiality for topics were collected. Financial Materiality
Financial materiality assessment: Based on department interviews and questionnaires considering opinions from shareholders
and relevant executives and referencing suggestions from internal and external experts we developed the assessment results of
financial materiality for topics. A total of 35 questionnaires on the financial materiality for topics were collected.Information Disclosure of Topic Materiality
Present the dual materiality assessment results to the Strategy and ESG Committee under the Board of Directors for review and
confirmation with highly material topics highlighted in the report.Disclose the analysis process and results of the topic materiality.Impact Materiality18 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report ESG Management 19
Environmental Topics Social Topics Governance Topics
1 Climate change response 11 Product quality and safety 28 Party building
2 Product carbon footprint 12 Customer Service 29 Corporate governance
3 Environmental compliance 13 Innovation-driven development 30 Compliance operation and risk management management
14 Digitalization
4 Energy management 31 Business ethics
15 Science and technology ethics
5 Usage of water resource Protection of shareholders'
16 Sustainable supply chain 32 equity
6 Emissions and waste management 17 Responsible marketing 33 Intellectual property protection
Resource utilization and circular 18 Responsible drinking7 34 ESG Managementeconomy
19 Industry communication and
8 Packaging material management exchange
9 Green technology innovation 20 Equal treatment of SMEs
Ecosystem and biodiversity 21 Labor and human rights
Gujing Distillery's 2022 ESG Report Gujing Distillery's 2023 ESG Report
10 protection management
22 Diversity and equal opportunity
23 Employee development
24 Health and safety
25 Information security and privacy protection
26 Rural revitalization
27 Community participation and public welfare services
Stakeholder Engagement
Gujing Distillery's 2024 ESG Report Gujing Distillery's 2025 ESG Report
We view regular engagement with stakeholders as a crucial path to promoting our high-quality development. Leveraging channels such as our
official website stock exchange platforms mainstream media ESG reports and WeChat official accounts we have systematically disseminated
our ESG philosophy shared practical achievements and proactively aligned with the expectations of all parties. Moreover we have deeply
applied the "Three-Listening and Three-System" approach which involves listening to customer feedback in markets understanding employees'
development needs and gathering improvement suggestions in society. Through one-on-one and face-to-face interactions we have transformed
problem lists into our ESG action plans and continuously improve ESG governance.ESG Capacity Building
Gujing Distillery places great emphasis on ESG capacity building. The management has taken the lead in formulating special plans clarifying
responsibilities and work standards while coordinating business training and guidance. Each department and subsidiary has designated special
personnel for work coordination establishing a comprehensive work network featuring "headquarters coordination + local execution + dedicated
liaison." Continuous efforts have been made to deepen the understanding and awareness of ESG among middle and senior-level employees
through organizing and participating in specialized ESG training sessions thereby enhancing ESG knowledge and capacity building. Through
training the senior management has further strengthened the awareness of ESG strategy leadership mastered methods for constructing an ESG
management system optimizing ratings and ensuring compliant disclosure enabled to effectively integrate internal and external resources to
promote the deep integration of ESG with our development strategy. Furthermore we have actively provided specialized ESG training to our
Gujing Distillery's Official Website Gujing Distillery's WeChat Official Gujing Health's Official Mall suppliers distributors and contractors fostering a sound ESG ecosystem among our partners within the industry and supply chains.Account20 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 21
01 Environmental protection investment: RMB 69889800
Clean energy consumption:
78793.70 MWh
"Gu" Charm in
Full Bloom Proportion of green electricity in the purchased electricity: 77.82%
Ecological Heritage for Compliance rate of exhaust gas
Safeguarding the Essence emissions: 100%
Compliance rate of wastewater
of Brewing emissions: 100%
Compliance rate of solid waste
disposal: 100%
Gujing Distillery adheres to the philosophy that "lucid waters
and lush mountains are invaluable assets" and remains
committed to the path of prioritizing ecological conservation Recycled water volume:
and pursuing green and low-carbon development. We 12533000 tons
continuously improve environmental management
mechanisms actively respond to climate change enhance
resource utilization efficiency strictly fulfill pollution control
responsibilities and vigorously develop a circular economy
taking concrete actions to solidify the ecological foundation
of brewing.Climate change response 22
Protection of the ecological 29
environment
Our alignment with SDG22 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 23
Climate Change Response Gujing Distillery's Climate-Related Risk Identification and Response
Facing the challenges of global climate change we have actively responded to China's carbon peaking and carbon neutrality ("dual carbon") Likely Impact
goals improved climate governance strengthened climate risk assessment and management and formulated a "dual carbon" strategic plan. Risk
Through measures such as energy-saving renovations energy transitions process optimizations and supply chain management we have Category Risk Type Business or Response MeasuresImpact Value Chain
steadily advanced carbon reduction across the entire value chain. Period Impacted Financial Impact
Monitor extreme weather alerts develop
emergency response plans and conduct
Asset
Governance simulation drills.Acute risks: impairment interruption of Upgrade building facilities and regularly clean
Extreme weather events production and natural creeks and drainage channels in the
We have gradually improved our climate governance system establishing a three-tier climate governance structure of "decision-making level such as heavy rainfall Short to medium Upstream and operation or
plant area.management level and execution level." and droughts may term direct operations increased costs damage production Strengthen equipment tour inspections and and increased
facilities and disrupt maintenance.procurement
supply chains. costs due to Conduct comprehensive supply chain
reduced supply assessments diversify procurement sources
The Carbon Peaking and Carbon Neutrality (Energy Conservation and Emission Reduction) Work Leading Group Physical and ensure adequate reserves of key raw materials.headed by the Company's General Manager assumes primary responsibility for ecological environmental Risks
Decision- protection and energy conservation. It researches and formulates overall strategies and deployments coordinates Chronic risks:
making level the Company's relevant resources to create synergies deliberates and resolves major issues in the work and Continuously monitor the global warming
ensures the solid progress of related tasks. In March 2025 the General Manager organized a meeting on energy Long-term temperature trend and conduct in-depth research on rise may lead to changes Increased the possible impacts of global warming on conservation management to deploy energy conservation and carbon reduction efforts for 2025 and future plans. in the quality and flavor transportation grains.of major raw materials Medium to Upstream and costs due to
such as sorghum and long term direct operations changes in the Strengthen theoretical research on the
wheat or changes in procurement Company's brewing microorganisms.the brewing microbial area Carry out conservation research on major
environment thus raw grain varieties to understand their
The Carbon Peaking and Carbon Neutrality (Energy Conservation and Emission Reduction) Work Group led by affecting the quality and suitable growth conditions.Management the Company's Deputy General Manager in charge and comprising department heads from the headquarters as
flavor of the liquor.level members is responsible for implementing strategic arrangements related to pollution prevention and energy conservation assigning specific tasks to relevant departments and subsidiaries in accordance with management Policy risks:
procedures and monitoring and assessing energy consumption. * The "dual control of Monitor and interpret policy changes and
energy consumption" upgrade the management system to ensure
shift to "dual control that our production and operations comply
of carbon emissions" with the requirements of "dual control of
and the stricter "dual Short to Direct and Increased carbon emissions."
carbon" policies medium indirect operational and compliance Formulate action plans for carbon peaking The Energy Conservation and Environmental Protection Department under the Corporate Management Center compel the Company term operations costs and carbon neutrality develop the 15th
undertakes formulating and implementing plans related to climate change response reviewing progress on to accelerate Five-Year Plan for Energy Conservation and Execution climate-related goals and indicators quarterly and regularly reporting annual progress to the Company. It reports transformation and Carbon Reduction clarify the action path level adapt proactively.semi-annually to senior management by the work report or any other means and prepares annual investment implement energy-saving renovations and
* Regulatory bodies accelerate the replacement of clean energy.budgets for energy conservation and emission reduction. require high-quality
Market risks:
Declining sales
Consumers increasingly Align with customer preferences and actively
prefer green and low- Medium to
volume reduced develop eco-friendly products.long term Downstream market share Strategy carbon products and decreased Carry out green packaging design and
Transition intensifying industry revenue implement packaging recycling practices.competition.We have implemented the national "dual carbon" policy requirements and set our "dual carbon" strategic goals of achieving operational carbon Risks
peaking ahead of 2030 and striving for operational carbon neutrality before 2060. The Gujing company1 has formulated the 15th Five-Year Plan Technology risks: Develop and apply technologies and
for Energy Conservation and Carbon Reduction based on its development reality which outlines an implementation path for "dual carbon" Rapid upgrades in Increased processes to reduce energy consumption
actions covering 4 dimensions and 20 measures and sets phased carbon control and reduction targets. We have developed a specialized climate energy-saving and Short to
medium Direct operations operational
and carbon emissions.action plan to accurately identify and respond to climate-related risks and opportunities comprehensively advance a green and low-carbon emission reduction
technologies may render term
costs and Increase investment in innovation to raise
transition and pilot product carbon footprint management during the "15th Five-Year Plan" period. technical inputoutdated R&D methods the digital and intelligent level of energy and
less competitive. carbon management.We have developed micro-grid systems to achieve stable power system dispatch and increase new energy Reputation risks: Decreased
consumption; focused on projects such as distributed photovoltaics energy storage and heating to further reduce Stakeholders prioritize market value
Climate fossil energy consumption; strengthened the development and management of carbon assets to actively participate corporate performance increased Maintain close communication with and rapid
Action Plan in the power trading market and carbon trading market; and expanded exchanges and collaborations with local in environmental protection and climate Medium to
financing costs response to stakeholders.governments at all levels large customers and enterprises in the upstream and downstream of the industry to Direct operations due to a declined change response; long term bond rating Strengthen environmental information and
enhance supply chain control. failure to meet their weakened brand carbon-reduction performance disclosures.expectations may influence and
damage corporate lower revenue
image.
1 The term "The Gujing company" does not include its subsidiaries such as Yellow Crane Tower Distillery Mingguang Liquor and Longrui Glass.24 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 25
Gujing Distillery's Climate-Related Transformation Opportunities Indicators Unit 2023 2024 2025
Carbon emissions from purchased steam tCO2e / / 8111.40
Likely Impact
Opportunity Type Description Total greenhouse gas emissions 4
Impact Period Business or Financial Impact (Scope 1 + 2 - Location-based) tCO2e 171619.07 198388.76 346329.46
Total greenhouse gas emissions
Dividends from The application of innovative technologies enables to (Scope 1 + 2 - Market-based)
tCO2e / / 306296.17
Technological reduce resource and energy consumption improve Medium to long
Innovation production efficiency and lower carbon emissions and term
Lower operational costs
Greenhouse gas emission intensity tCO2e/ RMB 10000 of
operating costs. (Scope 1 + 2 - Location-based) output value / / 0.1169
2 The greenhouse gas accounting for the Company's captive thermal power plant is mainly based on the Guidelines for Accounting and Reporting of Corporate Greenhouse
Premium for Green Leverage the "Peach Blossom Spring Qu + Autumn Medium to long Increased sales revenue and green Gas Emissions-Power Generation Facilities issued by the Ministry of Ecology and Environment on January 1 2023. The main emission sources are emissions from fossil fuel
Products Brewing" solar-term brewing system to strengthen the term investment combustion and emissions generated from purchased and consumed electricity. brand image of ecological brewing. 3 The latest carbon emission factor for power released by the National Greenhouse Gas Emission Factor Database was adopted available at https://data.ncsc.org.cn/
factories/index
4 In 2025 the carbon emission statistics scope was greatly expanded compared with 2023 and 2024. The organizational scope includes the Gujing company Mingguang
Utilize the sunlight resources in Bozhou to build Liquor Yellow Crane Tower Distillery and Longrui Glass covering greenhouse gas emissions from the combustion of fossil fuels (coal natural gas diesel gasoline) and
distributed photovoltaics on the roof of the Intelligent Reduce production and operating greenhouse gas emissions from the process (calcium carbonate use raw liquor fermentation process). Therefore the total amount of greenhouse gas emissions increased Green Electricity significantly.Substitution Industrial Park and purchase green electricity on a Long term costs and avoid the risk of future large scale from external sources to reduce electricity carbon price increases.procurement costs and Scope 2 carbon emissions.Target Progress
Risk Management Increase the proportion of renewable In 2025 the newly added distributed photovoltaic installed capacity reached 3.8MW energy use in 2025 with the proportion of green electricity in the purchased electricity rising to 77.82%.We have identified analyzed evaluated and responded to climate-related risks and opportunities strengthened our ability to manage and
address climate change risks seized the opportunities brought by climate change and integrated climate-related risk management into our
overall risk management system.Energy-saving projects such as the transformation of the steam turbine at the
Continue to implement green headquarters and the optimization of brewing gelatinization time in the Intelligent
energy-saving and low-carbon Industrial Park have been carried out. It was expected to save 7.77 million kWh of
technology transformation by the electricity 36000 tons of water and 12000 tons of steam. In addition
Gujing company in 2025 through optimized management the comprehensive energy consumption per unit of
Metrics and Targets raw baijiu decreased by 7% in 2025.We have further improved our greenhouse gas emission management expanded the scope of carbon inventory statistics and consolidated the
data foundation for carbon reduction efforts. In 2025 based on the location method the total greenhouse gas emissions from our own operations
were calculated to be 346329.46 tCO2e. Due to our active procurement of green electricity the total greenhouse gas emissions calculated based
on the market method were 306296.17 tCO2e. Relying on the "dual carbon" strategic goals and the 15th Five-Year Plan for Energy Conservation and Carbon Reduction the Company has
formulated phased emission reduction targets.Indicators Unit 2023 2024 2025 Year Phased Carbon Emission Reduction Targets
Direct greenhouse gas emissions2
(Scope 1) tCO2e / / 284490.78 2026 No less than 98% of the Gujing company's purchased electricity to be green electricity
Indirect greenhouse gas emissions tCO e / / 61838.68 2026 Add 14 MW of new grid-connected renewable energy capacity (Scope 2 - Location-based) 2
2027 Meet the standards for an energy efficiency leading factory
Indirect greenhouse gas emissions
(Scope 2 - Market-based) tCO2e / / 21805.39
2030 Reduce carbon emission intensity per unit of output value for the Gujing company by 10% compared
Carbon emissions from purchased electricity 3 with 2025
(Location-based) tCO2e / / 53727.28
2030 Meet the standards for a low-carbon factory
Carbon emissions from purchased electricity (Market-
based) tCO2e / / 13693.99 2035 Meet the standards for a near-zero carbon factory26 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 27
Greenhouse Gas Emission Reduction
We have established sound rules and regulations related to carbon emission management
carried out statistical analysis of basic carbon emission data strengthened energy and
carbon management supported technological R&D and innovation and promoted the
institutionalization standardization and systematization of energy conservation and carbon
reduction efforts.In 2025 we successively joined the Anhui Society of Artificial Environment and Low-Carbon
Energy and the Anhui Carbon-neutral Association to provide external professional technical
support for our green production energy conservation and carbon reduction. In accordance
with the Notice on the Allocation and Settlement of National Carbon Emission Trading
Quotas for the Power Generation Industry in 2023 and 2024 issued by the Ministry of Ecology
and Environment we have calculated and reported carbon emission data from thermal
power plants conducted the work of carbon emission quota settlement and compliance and Certificate of Compliance Completion for 2024
achieved 100% settlement and compliance for the fourth compliance period.The Company has promoted the green transformation of its energy structure. During the reporting period we have added 3.8
MW of distributed photovoltaic installed capacity by the introduction of an energy management company bringing the total
installed capacity of distributed rooftop photovoltaic systems to 10.9 MW with an annual planned power generation of
approximately 11000 MWh. All the generated PV power has been repurchased. During the reporting period 77.82% of our
purchased electricity was green electricity amounting to approximately 78793.70 MWh resulting in an annual reduction Longrui Glass Rooftop Photovoltaic
in greenhouse gas emissions of approximately 48032.64 tCO2e. Moreover we have carried out coal substitution by
building multiple new gas-fired boilers replacing 20% of coal consumption and signed a strategic agreement with China Energy
Engineering Group Co. Ltd. to cooperate in the construction of biomass boilers to further replace fossil fuels. We have invested over
RMB 20 million to establish a circulating water waste heat recovery and utilization system using lithium bromide technology CASE Supplier's Dual-Track Approach to Carbon Reduction through "Biomass Energy + Photovoltaic Power Generation"
to recover waste heat from the brewing process for heating equivalent to saving 4320 tons of steam annually and reducing
annual greenhouse gas emissions by approximately 1349.59 tCO2e.We actively pursue the concept of green and circular development continuously promoting the comprehensive utilization of distiller's grains
resources. We have established long-term partnerships with two large feed processing enterprises in Gujing's supporting Industrial Park
The Company has fully promoted green logistics demonstrating its responsibility as a "pacemaker" in achieving carbon converting "solid waste" generated during the brewing process into feed and biomass energy. Among them a bio-environmental technology
peaking within the baijiu industry. By arranging 15 regional distribution centers intelligently planning vehicle routes company utilized biomass fuel gasification technology to convert biomass energy into the required thermal energy replacing traditional natural
implementing automated loading lines in warehouses and combining full and partial loads the overall fuel consumption and gas for thermal energy supply. This approach saves approximately 2.16 million cubic meters of natural gas annually reduces coal consumption
carbon emissions have been reduced. We have comprehensively promoted the replacement of traditional paper documents by about 30000 tons and lowers carbon emissions by approximately 75000 tons. We have also collaborated with other energy companies to
with electronic waybills significantly lowering paper consumption and resource waste. During the process of warehouse construct a photovoltaic power station with a total installed capacity of 5.94 MW generating approximately 6 million kWh of electricity annually
transfer and cargo handling new energy electric forklifts have completely replaced diesel forklifts realizing zero emissions and further reducing carbon emissions by about 5800 tons each year.and low noise in on-site logistics.The Company has collaborated with upstream and downstream partners to advance carbon emission reduction across the entire
value chain. We have upgraded environmental management standards for coal transportation links explicitly requiring that
transportation partners in 2026 and beyond must be equipped with clean energy vehicles and ensuring that over 80% of the Energy Management
annual total coal transportation volume is undertaken by clean energy vehicles. We have also cooperated with suppliers to carry
out comprehensive utilization of distiller's grains resources reducing carbon emissions from waste disposal. Suppliers have been Energy Management System
encouraged to use green electricity in their production operations and expand the application of clean energy.Centering on "intelligent manufacturing and green brewing" we have improved our energy management mechanisms by formulating relevant
systems such as the Energy Management System and the Measurement Management Measures. We have built an energy-saving and eco-
friendly management system that meets the requirements of the new era continuously enhancing energy utilization efficiency. Our subsidiary
Longrui Glass has obtained ISO 50001 Energy Management System certification.Energy Management Targets
Year Target
2030 To strive to reduce the energy consumption per unit of baijiu output value by more than 10% compared
with that in 2025 and reach an advanced level in the industry
To strive to reduce the total energy consumption by 3%-5% compared with that in 2025
2030 saving of 10000 tons of standard coal through management technical energy-saving and other
measures during the 15th Five-Year Plan period
Green Electricity Certificate Transaction Vouchers Electric Forklift28 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 29
Energy Management Measures Protection of the Ecological Environment
We systematically carry out energy conservation efforts in two areas: "management-led energy saving" and "technology-led energy saving."
In terms of management-led energy saving we have introduced external investors to build the first smart integrated power management We adhere to the path of prioritizing ecological conservation and pursuing green and low-carbon development continuously build green and
platform in the baijiu industry achieving automation visualization and transparency in power dispatching effectively increasing low-carbon production methods strengthen the efficient utilization of water resources enhance pollution emission control vigorously facilitate
self-generated power output and photovoltaic consumption. We have also refined and optimized the energy consumption indicator the intensive and economical use of resources and energy and develop a circular economy. We aim to achieve an organic unity and synergistic
assessment system detailed the assessment indicator dimensions for brewing and finished product workshops and added assessment enhancement of economic environmental and social benefits.indicators for wastewater treatment stations blending and storage and thermal power plants achieving full coverage of quota-based
total energy consumption control. In terms of technology-led energy saving we have organized various units to carry out systematic
energy conservation work. The Gujing company has implemented 15 energy conservation and technology upgrading projects significantly
reducing various energy consumption indicators. The comprehensive energy consumption per unit of raw baijiu has decreased by 7%
compared with the same period. Longrui Glass has completed 16 energy-saving transformations including air compressors No. 2 furnace Environmental Protection Management
mold cooling fans and No. 7 and No. 8 deep-processing spray lines saving 1.258 million kWh of electricity annually. During the reporting
period the direct energy consumed by the Company included coal natural gas gasoline and diesel while indirect energy included Environmental Strategy and Targets
purchased electricity steam etc.We continued to intensify our efforts in environmental protection at the source implementing the "Two Strengths and Two Inspections"
initiative to ensure 100% compliance with pollutant emission standards. We strengthened the full-process supervision of key environmental risk
points such as distiller's grains sludge and ash to ensure lawful and compliant treatment. We standardized the management and disclosure of
environmental information fully meeting regulatory requirements. By strictly controlling the environmental protection acceptance standards for
Energy Consumption Performance new projects we proactively eliminated environmental risks before project operation. We conducted routine on-site environmental supervision
identifying 400 environmental risks and urging relevant units to rectify them one by one.Indicators Unit 2023 2024 2025
Direct energy consumption tons of standard coal / / 96028.72 Gujing Distillery's Progress on Environmental Management Targets
Diesel consumption tons 255.70 258.19 441.61 Environmental Management Target Achievement Status in 2025
Gasoline consumption tons 177.72 97.37 122.17
No general or above sudden environmental incidents Achieved
Natural gas consumption 10000 cubic meters 2260.80 2982.18 3975.34
No major administrative penalties or criminal liabilities Achieved
Coal tons of standard coal / / 47223.90
Indirect energy consumption tons of standard coal / / 14959.09 No major deficiencies in environmental monitoring plans and risk management measures Achieved
Purchased electricity MWh 78010.90 98504.90 101257.60
100% lawful treatment and disposal rate and 100% compliance rate for external pollutants Achieved
Purchased steam GJ / / 73740.00
Comprehensive energy consumption tons of standard coal 85101.31 99875.74 110987.81
Clean energy consumption MWh 5221.00 7767.50 78793.70 Gujing Distillery's Environmental Management Performance
Indicators Unit 2023 2024 2025
Environmental protection investment RMB 10000 3300.59 4614.37 6988.98
CASE The Thermal Power Station Actively Carried out Lean Improvement and Energy-Saving Transformation Environmental pollution and destruction incidents cases 0 0 0
The thermal power plant continuously optimizes production and operation management improving operational efficiency through fine-tuning Chemical spill incidents cases 0 0 0
and frequent adjustments of operational parameters. By pre-adjusting the air-coal ratio and controlling oxygen content it has increased boiler
operating efficiency with steam output per ton of coal rising by 0.4 m3/ton. This approach saves approximately 1200 tons of bituminous coal
annually and reduces carbon emissions by about 3000 tCO2e. The steam turbine has been changed from an extraction-condensing type to a Environmental protection training and publicizing times 23 16 29
back-pressure type achieving efficient waste heat recovery and utilization by eliminating the condensation process and increasing steam supply sessions
by about 10 t/h.30 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 31
Environmental Management System
The Company has established an environmental management organization headed by the
General Manager (see attached diagram) with the Energy Conservation and Environmental
Protection Department under the Corporate Management Center serving as the daily
regulatory department. Efforts are coordinated with departments such as the Power and
Environmental Protection Center Brewing Management Center and Technology and Quality
Center to jointly manage our pollution control water resource management and circular
economy initiatives. This organization has also formulated management systems such as
the Environmental Protection Management System Environmental System Management
Manual and Environmental Factor Identification and Evaluation Control Procedures. The
ISO14001 environmental management system certification covers Gujing Distillery Yellow
Crane Tower Distillery Mingguang Liquor and Longrui Glass.Environmental Management System
Certificate
Gujing Distillery's Environmental Management Structure Environmental Emergency Drills
General Manager (Responsible for Overall
Environmental Protection Management)
Environmental Impact Management
We strictly adhere to various environmental laws and regulations and solidly promote environmental compliance management for construction
projects. Specific measures are as follows:
Director of Corporate Management Director of Power and Environmental Director of Brewing Management
Center (Responsible for Protection Center (Responsible for Center (Responsible for Director of Technology and
Environmental Compliance Compliance Discharge and Emission Environmental Compliance in Quality Center (Responsible for
Supervision) of Wastewater and Exhaust Gas) Brewing Workshops) Manual Effluent Monitoring) Strictly implement the environmental impact Strictly enforce the "Three Simultaneities" management
assessment system. system.According to relevant laws and regulations on environmental We ensure that environmental protection facilities
Manager of Energy Conservation and
Environmental Protection Department Head of Effluent Treatment Station Head of Thermal Power Station Officer Responsible for impact assessment we conduct environmental impact are designed constructed and put into operation
(Responsible for Environmental (Responsible for Wastewater (Responsible for Exhaust Gas Compliance Discharge) Compliance Emission) Manual Effluent Monitoring assessments on new expanded and renovated projects. simultaneously with the main project.Compliance Supervision) Construction can only commence after meeting ecological
and environmental requirements and obtaining approval
documents. During the construction period all environmental
Head of Energy Conservation and protection measures proposed in the environmental impact
Environmental Protection Department
(Responsible for Environmental assessment and approval are strictly implemented.Compliance Supervision)
Headquarters Effluent Headquarters Thermal Power
Treatment Station Stations Headquarters Brewing Base Strictly abide by the pollutant discharge permit Strictly execute the environmental protection acceptance
Environmental Compliance at
Headquarters management system. upon completion.Zhangji Effluent Treatment Zhangji Thermal Power
Station Stations Zhangji Brewing Base Before actual pollutant discharge from the project we Before the formal operation of the project we organize
Environmental Compliance at
Zhangji Plant complete the application for a pollutant discharge permit completion acceptance work for environmental protection
Gujing Effluent Treatment Gujing Thermal Power in accordance with regulations to ensure discharge with a in accordance with the law. Only after passing the
Station Station Gujing Plant Brewing Base permit and according to the permit. acceptance can the project be put into formal operation.Environmental Compliance at
Gujing Plant
Water Resource Management
Environmental Risk Management
Strategy
We have strengthened environmental risk prevention. Before the formal operation of projects in accordance with laws and regulations such as
the Emergency Management Measures for Sudden Incidents of the People's Republic of China and the Administrative Measures for Emergency As a liquor-making enterprise water resources are strategic resources related to the future development of Gujing Distillery. According to the
Plans for Sudden Environmental Incidents of Enterprises and Public Institutions and in light of our actual situation we have formulated the Aqueduct Water Risk Atlas provided by the World Resources Institute (WRI) we hold controllable risks overall. Among them the water stress
Emergency Plan for Sudden Environmental Incidents of Anhui Gujing Distillery Company Limited. The plan clarifies the principles procedures levels of factories in Wuhan Xianning and Mingguang are low while those in Gujing Town of Bozhou and Suizhou are extremely high. Without
and disposal measures for emergency rescue work. We regularly organize emergency drills to effectively enhance environmental emergency considering large-scale inter-basin water diversion projects factories in these two places face extremely high water stress. We attach great
response capabilities and accumulate emergency response experience. In January 2025 and December 2025 we conducted environmental importance to water use safety actively deploy production bases in areas with sufficient water resources firmly promote the water substitution
emergency drills for ammonia water leakage and high-concentration wastewater leakage achieving the effect of "practice through training" strategy maintain close communication with local governments and make every effort to secure water allocations from the "Yangtze River to
and enhancing employees' environmental awareness and sense of responsibility. During the reporting period no environmental incidents or Huaihe River" project. Meanwhile we also carry out water-saving transformation throughout the Company build a reclaimed water circulation
administrative penalties for environmental violations occurred. and utilization system and improve the recycling rate of water resources.32 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 33
Gujing Distillery's Water Resource Risk Analysis
Likely Impact
Risk
Category Risk Type Impact Value Chain Business or Response Measures
Period Impacted Financial Impact
The "Yangtze River to Huaihe River"
project began supplying water in 2025.Bozhou can receive 438 million m3 of
Enterprises may Yangtze River water annually and the
be forced to shut Short impairment due Gujing Town waterworks can receive
down or relocate medium to shutdown and 50000 m3 of water supply per day. The
when alternative and long Direct operations increased capital Company has replaced 130000 tons of
water sources are term expenditure due to groundwater sources with municipal tap
unavailable relocation water.Carry out the reclaimed water recycling
with the recycled water volume reaching
12533000 tons.
Physical Replace water sources with the "Yangtze
Risks River to Huaihe River" project.Recycle water resources to build a water- Water Stress Levels at Gujing Distillery's Main Operating Locations (Source: WRI Aqueduct Water Risk Atlas)
Reduced local efficient enterprise.Water scarcity supply increases
directly impacts procurement and Support grain farmers in constructing a
major water-using Short high-standard facility for farmland.processes such as medium Upstream and
transportation
costs; insufficient Governance Implement water-saving renovations on
agricultural irrigation and long direct operations water supply and equipment processes and pipelines to
industrial cooling term rising water prices improve water efficiency. In strict compliance with national laws and regulations such as the Water Law of the People's Republic of China and the Water Pollution
and product cleaning increase operating Prevention and Control Law of the People's Republic of China and to ensure the Company's water security we have solidly promoted water-
costs To reduce water consumption in the saving work in an orderly manner and formulated institutional documents such as the Management Measures for the Supply and Use of
overloaded Gujing plant plan to relocate Groundwater and Circulating Cooling Water in Brewing Production Workshops thereby establishing a water-saving management mechanism
some production capacity from the with clear responsibilities and joint management to ensure the implementation of water-saving measures through institutional rigidity.Gujing plant to the headquarters non- The Company's General Manager serves as the highest responsible person for water resource management. The Energy Conservation and
overloaded area by 2026. Environmental Protection Department under the Corporate Management Center is responsible for daily water resource management including
coordinating the formulation of water conservation regulations procedures and water use indicators guiding the development of water-saving
Insufficient water technologies participating in the review of water-saving technological transformation projects and inspecting approving supervising and
supply quotas or accepting the implementation of the "Three Simultaneities" system for water conservation in new infrastructure projects.rejection of new
Stricter regulations water abstraction
or policies (changing permits may
water allocation or Short limit production Keep a close eye on changes in regulations
restricting water use medium Direct and capacity leading and policies develop risk response plans
adjusting water supply and long indirect to revenue decline and adjust business layout. Risk Management
flow strengthening or term operations or even shutdown; Improve recycled water utilization rates.formulating new water increased We have systematically managed our water use situation adopting WRI's water risk tool (Aqueduct (4.0) Water Risk Atlas) to analyze indicators
abstraction permits investment and such as baseline water stress water resource depletion groundwater table decline and drought.operating costs
for wastewater
treatment
Transition
Risks Changes in water Increased costs Improve recycled water utilization rates.Water Distribution Diagram of Gujing Industrial Park in 2025
resource supply Medium due to water to long Direct operations availability and Implement water-saving renovations on demand and water term water price equipment processes and pipelines to prices fluctuations improve water efficiency.Water Extraction
Declines in available
water volume
and water quality Reputational
intensify competition Short risk may lead medium Extract deep groundwater to avoid for clean water and long Sales
to reduced
investment and competing with local communities for Water for production Water for supporting Water for other sources affecting the
relationship between term decreased market
surface water and shallow groundwater. facilities purposes
62%
value 30% 8%the Company and
local communities34 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 35
Gujing Distillery's Water Resource Management Measures Gujing Distillery's Water Resource Management Performance
Water Resource
Management Measures Specific Initiatives Indicator Unit 2024 2025
Total fresh water abstraction 10000 tons / 271.16
In 2025 subject to the specific water supply conditions of the municipal pipeline
network our water supply network has been connected to the municipal network Municipal tap water abstraction 10000 tons / 59.63
with water use in some areas having been replaced by tap water.Surface water abstraction 10000 tons / 0
Water Source Substitution We have constructed a circulating water system and laid reclaimed water pipelines to
recycle water resources. According to different production processes we have adopted Groundwater abstraction 10000 tons / 211.53
a water quality-based allocation strategy to provide water sources of varying qualities
accordingly. Reclaimed water was used to replace groundwater for fire-fighting water Proportion of municipal tap water % / 21.99
green plant irrigation landscape water replenishment and toilet flushing water.Water abstraction intensity tons/RMB 10000 of output value / 0.9153
Total recycled/reused water volume 10000 tons 1609.60 1253.30Based on the control indicators for intelligent water-saving sanitary appliances in the
Installation of Water-Saving living water usage of the Intelligent Industrial Park the utilization rate of relevant
Appliances Utilization rate of circulating water % / 82.21water-saving sanitary appliances has reached over 95%.Total water consumption 5 10000 tons / 96.45
Water consumption intensity tons/RMB 10000 of output value / 0.3255
Taking the opportunity of the "Energy Efficiency Promotion Week" we annually
organize a series of water-saving promotional activities creating a positive water-
5 Total water consumption (10000 tons)=Total fresh water intake (10000 tons)-Total wastewater discharge meeting the standards (10000 tons)
Creation of a Water-Saving saving atmosphere. For example water-saving animations are produced and played
Promotional Atmosphere on loop on large screens in the Company area and on shuttle buses. Water-saving policies are broadcast on a loop using our radio system. Water-saving knowledge
courseware is developed and special training sessions on water-saving policies and
knowledge are provided to the heads of production units. Pollution Control
Adhering to the pollution control philosophy of "source reduction process control and end-of-pipe treatment" we have established a
comprehensive pollution control system that covers exhaust gases wastewater and solid waste thus achieving closed-loop management and
control throughout the entire process.CASE Water-Saving Management in the Brewing Management Center Anhui Gujing Distillery Company Limited (Headquarters) Anhui Longrui
3 national green factories Glass Co. Ltd. (newly added in 2025) and Yellow Crane Tower Distillery
The Brewing Management Center has controlled the automatic discharge of the bottom pot water to a low liquid level at the end of each (Xianning) Co. Ltd.steaming cycle through automated programs. It has added a set amount of tail liquor on the basis of the low liquid level and has reused the Green
bottom pot water thereby reducing water usage in the bottom pot and achieving annual water savings of 32000 tons. In 2025 the center has factory
carried out renovations to the circulating water pipeline network in the Industrial Park area combining the circulating water systems of the
Intelligent Industrial Park and Industrial Park for joint operation. The original open circulating water system in the Industrial Park has been provincial green Anhui Mingguang Liquor Co. Ltd. Yellow Crane Tower Distillery Co. Ltd.converted to a closed system which has reduced losses and water consumption resulting in monthly water savings of 2000 tons. Additionally it 3 factories and Anhui Gujing Health Technology Co. Ltd. (newly added in 2025)
has strengthened the cultivation of employees' energy-saving awareness implemented clean production measures and reduced cleaning water
usage.Zero-waste 1 municipal zero-waste factory factory Yellow Crane Tower Distillery Co. Ltd.Metrics and Targets
Based on the actual production conditions we have formulated annual water abstraction plans water-saving targets and annual water-
saving technological transformation measures. We have incorporated water usage into the performance evaluations of each production unit
and enforced strict water consumption quota standards. During the reporting period our water usage indicators per unit of finished liquor and
per unit of base liquor have both outperformed the advanced indicators in the Industry Water Usage Quotas of Anhui Province (advanced Cleaner Anhui Gujing Distillery Company Limited (Headquarters) Anhui Longrui
indicators: base liquor ≤ 26 m3/kL and finished liquor ≤ 5 m3/kL). production 4 factories Glass Co. Ltd. Anhui Mingguang Liquor Co. Ltd. and Yellow Crane Tower
audit Distillery (Xianning) Co. Ltd.36 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 37
Air Emission Management Indicator Unit 2023 2024 2025
The Company's production air emissions includes emissions from Air emission compliance rate % 100 100 100
coal-fired boilers gas-fired boilers coding processes in finished
product workshops and raw grain collection and crushing processes. Particulate emissions tons 2.62 2.71 3.16
We implement classified treatment achieving a 100% compliance
rate for emitted flue gas indicators. Sulfur dioxide emissions tons 11.37 15.56 15.06
Nitrogen oxide emission tons 67.19 75.06 63.32
Air emission treatment facility Wastewater management
We continuously upgrade our wastewater treatment capacity
optimizing and retrofitting existing treatment stations to establish
Types of air emissions Treatment measures a standardized and intelligent wastewater treatment system. Using
advanced processes such as modified A2/O + advanced treatment
A combined process of bag dust removal reduction/catalytic reduction denitrification limestone/ we effectively enhance wastewater purification efficiency ensuring
lime-gypsum desulfurization and wet electrostatic precipitator is adopted meeting ultra-low stable compliance of treated wastewater indicators and effectively
Coal-fired boiler emissions emission standards (with particulate matter less than 10 mg/m3 sulfur dioxide less than 35 reducing the impact on water environment. We install water quality
mg/m3 and nitrogen oxides less than 50 mg/m3). monitors and other equipment at key locations such as water use and
drainage points for real-time monitoring of water quality changes
The "low-NOx combustion" technology is adopted and the pollutants can be stably discharged up supplemented by third-party professional organization testing. We
20 50 actively conduct source tracing promote comprehensive utilization Gas-fired boiler emissions to the standard (with particulate matter less than mg/m3 sulfur dioxide less than mg/
50 and continuously optimize operational processes to ensure safe m3 and nitrogen oxides less than mg/m3). stable and efficient facility operation achieving a 100% compliance
rate for discharged wastewater indicators. Wastewater Treatment Station
Coding emissions from They are treated using activated carbon adsorption and the raw grain collection and crushing
finished product workshops emissions are processed by dust collectors after collection. The air emissions have met the regulatory standards. Target Achievement Status in 2025
Raw grain collection and
crushing emissions They are processed by dust collectors after collection. 100% wastewater discharge compliance rate Achieved
Spraying emissions Longrui Glass adopts the treatment process of "water spray + dry filtration + activated carbon adsorption + desorption + catalytic combustion." Normal operation of equipment and facilities Achieved
Indicator Unit 2023 2024 2025
CASE Longrui Glass Upgrades Air Emissiom Treatment System for its Newly Commissioned Project
Total treated and standard discharged wastewater 10000 tons 156.10 158.25 174.71
In December 2025 four new production lines of Longrui Glass were put into production. During the project construction period the Company
actively increased environmental protection investment spending over RMB 30 million to upgrade the glass kiln and flue gas treatment system. Wastewater discharge compliance rate % 100 100 100
Through dry desulfurization low-temperature denitrification and bag dust removal the air emission generated by high-temperature combustion
in the glass bottle production process is effectively treated achieving an annual emission reduction of 22.4 tons. COD emissions tons 36.33 23.18 30.75
Through long-term continuous investment and strict management in the field of environmental governance Longrui Glass has been rated as a NH3-N emissions tons 0.56 0.50 0.22
Grade A enterprise in the key industry performance assessment for heavy pollution weather in Anhui Province enjoying the policy of not stopping
production during heavy pollution weather thus truly achieving a win-win scenario for both ecological and economic benefits.Waste Management
Target Achievement Status in 2025 目标 2025 年目标达成情况
100% air emission compliance rate Achieved 100% hazardous waste disposal compliance rate Achieved
Normal operation of equipment and facilities Achieved Normal operation of equipment and facilities Achieved38 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 39
Hazardous waste General solid waste Strategy
We place great emphasis on the management of packaging materials and their waste promoting the use of lightweight green renewable and
recyclable packaging materials. We actively research and develop green packaging products advance the construction of high-quality lightweight
Solid hazardous waste generated during production such We promote waste recycling and reuse by systematically glass bottle and can production lines and deep-processing projects and carry out the recycling of packaging waste.as waste mineral oil spent lead-acid batteries and office cleaning collecting sorting and repurposing distiller's
consumables is sorted and stored in hazardous waste grains slag fly ash waste packaging materials and surplus
warehouses. Licensed professional agencies are entrusted sludge generated during production minimizing their
with safe disposal and resource utilization of hazardous environmental impact. The domestic waste is entrusted to
waste. Procedures such as data entry for hazardous waste qualified agencies for collection transfer and treatment. Risk Management
in/out transfer filing and reporting are strictly followed to
ensure legal and compliant hazardous waste disposal. Packaging material Specific Initiativesmanagement measures
We have promoted green design for packaging materials gradually phasing out non-environmentally
friendly processes such as electroplating and film coating.Green design
Indicator Unit 2023 2024 2025 In 2025 20 suggestions were implemented in the packaging material structure optimization project
such as optimizing the foam structure of the Gu 8 product gift box in the Intelligent Industrial Park
Waste engine oil tons 15.76 23.59 12.70 reducing packaging material loss and increasing production line speed.Hazardous chemical waste and laboratory waste liquid tons 1.83 3.85 4.71 We have reduced packaging material loss in production by implementing accountability at the post
Spent lead-acid batteries tons 60.44 41.45 53.89 process control and special inspections achieving a YoY decrease of 39% in workshop packaging
Reduced wastage material loss rate with box loss reduction reaching 52.51%.Other hazardous waste tons 452.77 502.69 447.58 We have utilized idle packaging materials such as old-style liquor bottles in inventory for resource
Total hazardous waste generated tons 530.80 571.57 518.88 recovery.Hazardous waste disposal compliance rate % 100 100 100
We have used reusable transit boxes for bottle caps in the Intelligent Industrial Park gradually
Total general industrial solid waste generated 10000 tons / / 62.38 replacing disposable wooden pallets with recyclable plastic pallets significantly reducing wood
consumption and waste generation.General industrial solid waste disposal compliance Recycling
rate % / / 100 We have established a sound packaging waste recycling system to sort and sell various packaging
wastes generated from production returns (e.g. waste cartons waste plastic film scrap metal) to
qualified third-party agencies for professional recycling and regeneration.Noise and Odor Control We have promoted localization of packaging material suppliers. By the end of 2025 the supporting
rate for local packaging material suppliers in Bozhou exceeded 70% with major suppliers located
To mitigate the impact of various noises on the working environment within a 5km radius significantly reducing transportation energy consumption.and surrounding acoustic environment we implement classified
prevention and control. Noise pollution is controlled at the source by Supply chain management We have fully implemented the innovative model of "palletized transport+direct-to-line delivery"
procuring low-noise equipment or retrofitting existing machinery. For and collaboration achieving "one-stop" direct-to-line delivery of compliant packaging materials from supplier
high-noise equipment we optimize layout during design fully utilize warehouses to production workshops reducing resource waste from secondary handling and
the sound insulation effect of buildings and install soundproof doors unpacking and improving supply chain responsiveness.and windows to ensure that noise emissions at the factory boundary
comply with regulatory standards. To treat odorous gases from the We have encouraged suppliers to recycle reusable packaging materials (such as turnover boxes lattice
effluent treatment station we implement a centralized treatment pallets pearl cotton etc.).process using "chemical spraying + activated carbon adsorption" to
ensure that odor emissions comply with the Emission Standards for
Odor Pollutants. Noise Barrier Installed between Gujing Plant and Residential Area to the East of the
Company
CASE Yellow Crane Tower Distillery Implements No-Printing on Outer Cartons
Packaging Material Management
Yellow Crane Tower Distillery has 34 categories of outer boxes without printing. The advantages include: reducing ink pollution at the source and
Governance lowering environmental load; saving resource consumption like thinners and improving raw material utilization; simplifying the recycling process
and enhancing cyclic regeneration value—printing-free cartons do not require de-inking can be directly shredded and pulped to make recycled
We strictly comply with laws and regulations such as the Requirements of Restricting Excessive Package—Foods and Cosmetics and have paper improving recycling efficiency by over 50%; clean ink-free cartons can also be directly reused for warehouse turnover and item storage
formulated management systems including the Detailed Rules for the Performance Evaluation of Packaging Material Suppliers and the Plan for extending service life and achieving the environmental goals of "reduction reuse and recycling"; It reduces carbon emissions from the printing
On-the-Job Assessment of Packaging Material Losses. Departments such as the Procurement Center Finished Product Bottling Center and process decreases the carbon footprint in the production chain and supports the achievement of "dual carbon" goals.Logistics and Dispatch Center manage the entire process of packaging material procurement transportation usage and recycling.40 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gu” (Ancient) Charm in Full Bloom: Ecological Heritage for Safeguarding the Essence of Brewing 41
Metrics and Targets 2023 2024 2025
Indicator Unit 2025
Compliance rate of industrial 100% 100% 100%
Usage of packaging materials tons 169783.41 solid waste disposal
Usage of carton packaging materials tons 33661.51
Usage of plastic packaging materials tons 6016.90 Resource utilization rate of 100% 100% 100%
Usage of glass packaging materials tons 122132.82 coal ash and slag
Usage of ceramic packaging materials tons 1930.84
Usage of metal packaging materials tons 6041.34 Resource utilization rate of 100% 100% 100%
distiller's grains
Ecological Protection
We comply with international conventions such as the Convention on Biological Diversity. Our plant locations and operational areas do not
involve the ecological protection red line environmental quality bottom line resource utilization upper line and environmental access negative
list. The areas within the environmental impact scope of the Company do not include key ecological functional zones nature reserves or other
areas with important ecological functions or sensitive/vulnerable ecological environments. Upholding the brewing philosophy of "brewing in
harmony with nature and humanity" we focus on protecting the bay of the Guohe River the bend area of the Xiaohong River two millennium-
old wells and Gujing's nationally protected "meritorious fermentation pits" built in the Ming and Qing dynasties which are home to over 600
beneficial microbial communities. Moreover we actively promote ecological restoration and sustainable utilization of natural resources ensuring
that our production activities do not disrupt local biodiversity. During the implementation of the intelligent brewing transformation project we
adopted a comprehensive biodiversity protection strategy of "avoidance mitigation restoration and transformation" to minimize the impact
of our operations on the surrounding ecological environment. Specific measures include designating a protected area for a century-old Chinese
honey locust tree and during the treatment of the Hongyan River preserving wetlands adopting ecological slope protection and constructing
protective forest belts to protect biodiversity.During the reporting period our factories expanded green space by 151 mu bringing the total greening area to 1011 mu continuously enhancing
the green ecological foundation and contributing to the harmonious coexistence of liquor production and the ecological environment.Plastic Pallets Replacing Disposable Wooden Pallets with No Print of the Outer Packaging Box
Circular Economy
We vigorously develop the circular economy and continuously carry out the resource utilization of wastewater and solid waste. We have
developed a process for the resource utilization of high-concentration wastewater from liquor production transforming waste products such as
yellow seriflux (a byproduct of fermentation) leachate from distiller's grains and feints into high-value products through new processes. This
maximizes the lifecycle of products and materials improves resource efficiency and reduces solid waste emissions. The slag and waste gypsum
from the Company's thermal power station are recycled by a renewable resources company as raw materials for building materials.In 2025 we effectively utilized about 590000 tons of distiller's grains 800.74 tons of spent fermentation husk 11733 tons of discarded fly ash
11777 tons of waste slag and 1030 tons of waste desulfurization gypsum. The Finished Product Bottling Center advanced 248 cost improvement
initiatives saving 2977 tons of water 39374 kWh of electricity and refurbished and reused 2319 items.42 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 43
02 R&D investment of RMB 404 million 100% product pass rate at the
factory
"Gu" Charm in % suppliers signed the
Full Bloom 100Integrity Commitment Agreement
Ecological Heritage for Workplace safety investment of RMB
Safeguarding the Essence 13908300
of Brewing
Proportion of female managers
(mid-to-senior level) at 12.50%
Gujing Distillery remains steadfast in serving national strategies
and meeting the needs of the people and upholds the corporate 665 new hires during the
values of "building on integrity crafting fine liquor upholding reporting period
self-discipline and benefiting society." With a dedicated
focus on our primary business baijiu we are committed
to delivering superior quality and services continuously
enhancing brand value and empowering industrial upgrades A total of over RMB 8.6 million in
through technological innovation and digital transformation. grants and scholarships distributed
Furthermore we are dedicated to improving people's well- through the Golden Autumn
being collaborating with all partners to build a harmonious and Student Assistance and Scholarship Program successfully helping more
mutually beneficial corporate ecosystem and wholeheartedly than students pursue
contributing our strength to the people's better lives through 1600 their educational dreams
concrete social actions.Quality service 44
Sustainable supply chain 68
Health and safety 77
Employee development 84
Contributing to society 92
Our alignment with SDG44 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 45
Quality Service Strategy
We integrate risk prevention and control and opportunity seizing into the core of our technological innovation strategy. We systematically
We remain true to our original aspiration for quality and service empowering brewing upgrades through technological innovation strictly identify core risks such as R&D innovation talent reserve and intellectual property formulating targeted countermeasures. Simultaneously we
adhering to product quality and safety standards upholding responsible marketing optimizing customer service experience and safeguarding seize opportunities arising from industry policies and market developments building a solid foundation for technological development through a
consumer trust with full-chain quality management and considerate service. scientific strategic layout continuously strengthening our core competitiveness.Likely Impact
Technological Innovation Risk Type Impact Value Chain Business or Response Measures
Period Impacted Financial Impact
Technological innovation is an inexhaustible driving force for enterprise development. Centered around the strategic goal of "building a strong
enterprise through science and technology" we strengthen industry-university-research cooperation vigorously develop new quality productive Technological innovation
forces transform and upgrade traditional industries and continuously promote the application of research achievements in intelligent and green risks: Continuously increase R&D investment and
brewing technologies to production contributing to the development of Bozhou's "Six-One Strategy" and the "City of Baijiu in China." Decreased product accelerate the development and application
There are technical bottlenecks Direct and quality damaged of key core technologies and new products
or failure risks in the process Long term indirect brand reputation
of new technology R&D and Focus on key areas deepen industry-operations and reduced market
application which may affect university-research collaborative share innovation establish joint laboratories and
Governance the Company's development process. concentrate efforts on breakthroughs
We have formulated rules and regulations such as the Research Project Management System and the Intellectual Property Incentive Measures
to establish a well-structured scientific and efficient research management system covering the whole process. A Technology Innovation Introduce top-notch talents in fields such Reduced efficiency
Committee has been formed to advance technological innovation in a coordinated way and a collaborative efficient innovation governance R&D ability risks: as brewing microorganisms and intelligent in commercializing brewing accelerate the growth of young
framework has been established by coordinating efforts across the Brand Management Center the Technology and Quality Center the Corporate There are still shortfalls in the technological talents and build a talent development
Management Center and two specialized subsidiaries. This framework further enhances our innovation ability and core competitiveness through reserve of high-end scientific achievements system that emphasizes both introduction
all-round management and precise evaluation of all scientific projects of the Company. In addition the Company's technological innovation research leading talents Medium to Direct delayed and cultivation and has a well-connected
and R&D activities strictly abide by scientific and technological ethics norms to ensure that technological innovation is carried out in an orderly experience accumulation of long term operations implementation echelon
manner within a compliant safe and responsible framework. young R&D teams and talent of technological team building which may innovation strategy Strengthen the talent cultivation and
constrain the Company's and decreased incentive mechanism regularly carry out
innovation efficiency to a input-output ratio of technical exchange activities and accelerate
Organizational Structure of the Technology Innovation Committee of Gujing Distillery certain extent. human cost experience accumulation and ability
improvement
Anhui Gujing Distillery Company Limited
Technology Innovation Committee of Anhui Gujing Distillery Company Limited
Brand Management Center Technology and Quality Center Anhui Ruisi Weier Anhui Run'an Xinke Testing Corporate
Technology Co. Ltd. Technology Co. Ltd. Management Center
Technology Center Liquor Body Design Center Quality Control Center
Lean Management
Office
Equipment Management
Department
Energy Conservation
and Environmental
Protection Department
Project Management
Department
Traditional Chinese
Medicine and
Processing Product
Analysis Laboratory
Market Office Agricultural Products
and Processing
Physicochemical
Technology Analysis Laboratory
Department
Ecological Environment
General Affairs and Resource
Department Physicochemical
Analysis Laboratory
Food Physicochemical
Analysis Laboratory
General Comprehensive
Management Utilization Research
Department Laboratory for Brewing
By-products
Production
Workshop Pilot Research
Laboratory
Technology
Development Microbiology Research
Department Laboratory
Market New Product Research
Department Laboratory
Standardization Management Office
Quality Management Office
New Product R&D Laboratory
Liquor Body Evaluation Laboratory
Liquor Body Design Laboratory
Brewing Technology Research Laboratory
Baijiu Health Research Laboratory
Flavor Technology Research Laboratory
Food Safety Research Laboratory
Intellectual Property Department
Product R&D Department46 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 47
Likely Impact Scientific Research Talent Cultivation
Opportunity Type Impact Value Chain Business or Response Measures We prioritize the cultivation of R&D talent adhering to the principle of "empowering corporate intelligent development with master artisans."
Period Impacted Financial Impact By combining external recruitment with internal training we continuously improve mechanisms for attracting cultivating and incentivizing
innovative talent consistently expanding our R&D team. Adopting a model of "bringing experts in and sending technicians out" we conduct
Policy opportunities: technical exchange activities with universities and research institutions such as Jiangnan University and Hunan University building a multi-faceted platform for the growth of R&D talent. In 2025 the Company invited industry experts and scholars to deliver 3 academic lectures and
Strong national support for Accelerate the Align strategic planning with policy selected key technical personnel to participate in over 10 high-level academic exchanges and training programs broadening the horizons of
digital transformation and Direct and implementation of Medium to intelligent brewing directions to develop smart factories and technical staff.green brewing technology
long term indirect and green production low-carbon brewing projects accelerate the R&D in the baijiu industry operations projects to reduce construction of a digital new Gujing and By the end of 2025 the Company had over 1000 baijiu technical experts including: 13 recipients of government allowances from the State creates opportunities for the
operating costs participate in industry standard setting Council provincial and municipal authorities 27 National Baijiu Judges 10 National Lujiu Judges 3 National Fruit Wine Judges 1 International Company's innovation-driven Spirits Judge 9 Senior Engineers at the Professor Level 39 Senior Engineers 1 Chinese Brewing Master 8 Senior Brewers 2 China Liquor Industry
development. Science & Technology Leaders 4 Chief Baijiu Tasters in China 3 Senior Liquor Tasters 1 Chinese Baijiu Craft Master 1 Chinese Baijiu Tasting
Master 2 Chief Baijiu Liquor Body Designers in China 6 Senior Liquor Body Designers 2 National Baijiu Liquor Body Designers 9 Anhui Province
Launch products featuring digital Brewing Masters 7 Technology Leaders 22 Hubei Provincial Baijiu Judges 2 "Jingchu Artisans" and 2 Industrial Craftsmanship Talents forming
traceability and green brewing technologies an elite R&D team led by leading talents doctors and senior engineers.Market opportunities: develop nutritious and healthy product series to meet market demands and
Increasing consumer demand Improve product cultivate differentiated competitive
for quality stability and green Direct market acceptance advantages
health in baijiu makes products Long term operation and sales volume
with digital traceability and downstream and expand market
Increase market promotion of technological
ecological brewing more share innovation and ESG achievements and
competitive.。 convey the Company's technological strength to consumers through productpackaging offline experiences industry
exhibitions and other channels
Risk Management
Relying on diverse innovation platforms and an industry-university-research collaborative system we have built a comprehensive risk prevention
and control mechanism to precisely address various technological innovation risks including those related to technology and intellectual
property rights. Simultaneously we seize industry technological innovation policies and market opportunities. Supported by a professional
talent echelon and protected by a sound intellectual property protection regime we achieve manageable risks and optimal use of opportunities
promoting efficient commercialization of technological achievements.Innovation Platform Building
We actively promote the building of innovation platforms establishing over ten technology research and innovation platforms including
the National Industrial Design Center National Postdoctoral Research Station China Light Industry Solid-State Fermentation Engineering
Technology Research Center Key Laboratory of Solid-State Fermentation Intelligent Brewing Technology in Anhui Province Anhui Province
Authenticated Enterprise Technology Center Anhui Provincial Industrial Design Center Chinese Baijiu Healthy Research Institute Gujinggongjiu Industry-University-Research Exchange and Communication
· Nianfenyuanjiang Grain Research Institute and Gujinggongjiu · Nianfenyuanjiang Quality Research Institute. We have jointly established
the "China Light Industry Key Laboratory of Microbial Genomics and Ecological Brewing Technology" with Jiangnan University and the "China We have taken solid steps to promote collaborative
Light Industry Key Laboratory of Brewing Molecular Engineering" with Beijing Technology and Business University solidifying the Company's innovation between industries universities and
innovation foundation. research institutes by conducting joint research
with the University of Science and Technology of
China Sichuan University of Science & Engineering
Jiangnan University Zhejiang University China
National Research Institute of Food & Fermentation
Industries and other institutions. Our research
focuses on the breeding of grain dedicated to
brewing Baijiu flavor and health mechanisms
and other fields aiming to promote standardized
cultivation of premium raw materials and improve
the quality control ability of baijiu. Moreover we have
engaged in in-depth discussions with industry leaders
such as Moutai Langjiu and Red Star Wine on core
technologies like intelligent brewing and microbial
applications collaborating to solve common industry
challenges and injecting innovation momentum into
the high-quality development of the baijiu industry. In November 2025 Gujing Distillery participated in the 7th Baijiu Academic Forum and the 1st
Ecological Aged Liquor Academic and Technology Summit.48 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 49
Metrics and Targets 26%vol Nianfenyuanjiang Mild Edition Gu 20
Goals of technological innovation
and digitalization Achievement Status in 2025
Respond to new consumer experiences needs and trends with the golden drunken
We have carried out 47 scientific research projects and completed and zone.commercialized 24 projects. The Health Research Institute conducted research
on food and liquor pairing human multimodal drinking models etc. systematically
exploring the interaction mechanism between health components/flavor active
substances and content initially establishing a prototype health check-up
Technological innovation: database. 1 project passed technology achievement appraisal and 1 project won
the First Prize of Science and Technology Progress Award from the China National
To deepen the operations of "Three 35%vol 125ml Gujinggong Shenli LiquorLight Industry Council. The Grain Research Institute preliminarily identified
Institutes and One Laboratory" focus 2sorghum varieties suitable for Gujing's brewing needs proposed screening ranges
on baijiu R&D breakthroughs transform for brewing wheat quality indicators and criteria for distinguishing soft wheat
research achievements into productive varieties. Research results provided reference for wheat variety indicators for the
forces and provide robust technological planting base in Longkang Farm. The Quality Research Institute developed aging
support for the Company's high-quality and maturation control technology for key flavor regulation revealing the pattern of
development A health-preserving wine carefully developed to provide consumers with a new microbial succession influenced by seasonal factors and its correlation with process choice for a light-health lifestyle.parameters. The Key Laboratory developed a prediction model and an intelligent
prediction platform for steaming fermented materials loading height helping
control the optimal lid-closing time. 1 project won the Second Prize of Science and
Technology Progress Award from the China Alcoholic Drinks Association and the
Third Prize of Science and Technology Progress Award in Sichuan Province.
26%vol 750ml Gujinggong Liquor Han Tang Song
Ming International Editions
Digitalization:
To comprehensively advance the digital All achieved
transformation of "baijiu + Internet" and
build a 5G transparent factory Meet the dual pursuits of global consumers
for oriental aesthetics and low-alcohol
drinking.Indicators Unit 2023 2024 2025 52%vol 500ml Gujinggongjiu · New Year's
Eve [Ren] & [He]
R&D investment RMB 100 million 3.67 4.35 4.04
Percentage of R&D investment in total revenue % 1.81 1.85 2.14
Number of R&D personnel persons 1147 1061 1170 Respond to the universal emotions of the
general consumers for family reunion and
the sense of ritual of the Spring Festival with
a mild taste and harmonious aesthetics.Technology R&D and Commercialization
R&D and Upgrade of New Products
Commercialization of Innovative Achievements
We are dedicated to crafting premium liquor with ingenuity and craftsmanship continuously promoting product R&D and iterative upgrades
to meet the diversified and personalized consumption needs of the market. Throughout the year 237 product development projects were We continue to deepen baijiu research strengthen the top-level design and full-process management of technology achievement
carried out with 114 new products launched on the market. These include innovative products such as Nianfenyuanjiang Mild Gu 20 Gujing commercialization actively organize technology achievement appraisals and project acceptance and promote the transformation of
Shenli Liquor Guochao Series and New Year's Eve [Ren] & [He] Series expanding our reach among younger consumer groups. We completed research results into practical applications. In 2025 47 research projects were carried out. A full-process management mechanism of "weekly
packaging optimizations for provincial market products Gu 5 and Gu 7 and improved the opening structure of gift boxes for Nianfenyuanjiang communication monthly reporting semi-annual summary and year-end assessment" was established to accelerate technological breakthroughs
Gu 16 and above enhancing product experience. We collaborated with E-commerce platforms and Dunhuang to launch the Nianfenyuanjiang and achievement commercialization. Dozens of scientific and technological achievements including the Key Equipment for Intelligent Brewing
Gu 8 & Dunhuang & JD.com co-branded gift box to boost brand image. We developed cultural and creative products such as the Osaka Expo of High-Quality Nongxiangxing Baijiu Daqu the Research and Application of Intelligent Baijiu Distillation Patterns and the High-Value
Commemorative Liquor Bozhou Airport Inaugural Flight Commemorative Liquor "Fish Leaping Over Dragon Gate" "Everything Goes Well" and Utilization of Byproducts from Raw Grain Crushing have been successfully commercialized with the achievement commercialization rate
"Hearts in Harmony" empowering market sales with culture. remaining above 50%.50 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 51
Key Equipment for Intelligent Brewing of High-Quality Nongxiangxing Baijiu Daqu
We completed the development and optimization of an intelligent qu-making management platform (qu a sacchariferous
and fermentative agent used for baijiu production) achieved intelligent environmental control and strategy optimization in
qu rooms developed and applied an environmental parameter prediction and optimal fermentation model and formulated
an optimization plan for the number and installation position of temperature sensors in qu rooms at the Intelligent Industrial
Park.The research result "Extraction and The project "Research on Hyperspectral The plant-fermented beverage The plant-fermented beverage
"Intelligent Distillation Equipment Pilot Line" Project Application of Active Health Factors Image Rapid Detection of Brewing "Xin'gan Baobei" of Gujing Health "Xin'gan Baobei" of Gujing Health
in Nongxiangxing Baijiu Based on Grains Based on Deep Learning" won the Technology receiveda Technology was recognized as a
Dual Guidance of Flavor and Health" Second Prize of Science and Technology Signature Achievement of the Food
The project achieved systematic breakthroughs in the fundamental theory key processes and equipment innovation of won the First Prize of Science and Progress Award from the China Alcoholic
the Certificate of Recognition for Industry Nutrition and Health Action.Technology Progress Award from the Drinks Association and the Third Prize of Famous and Premium Special-featured
solid-state distillation for baijiu. A novel highly efficient and energy-saving solid-state distillation system was independently China National Light Industry Council. Science and Technology Progress Award Foods in Anhui Province.developed reducing steam consumption and shortening distillation time. This significantly reduced labour intensity whilst in Sichuan Province.maintaining stable yield and flavor quality.Digital and Intelligent Construction
Research on Key Technologies for High-Quality and Efficient Fermentation in Liquor Making
Centered on building "a digital international and law-based new Gujing" we comprehensively advance the "Baijiu+Internet" digital
transformation. We have constructed an integrated "terminal-network-cloud-application" digital infrastructure system covering the entire
We conducted gradient grain input optimization tests across different spatial levels and temperature environments over process from raw material handling to brewing bottling and logistics distribution creating the industry's first full-link 5G transparent factory and
one liquor production cycle achieving high-quality and efficient utilization of grains. The research results were successfully forging new quality productive forces for baijiu through "green brewing and intelligent manufacturing." The Company has been recognized as a
promoted and applied in three plant areas in May 2025. National 5G Factory a Specialized Industrial Internet Platform an Intelligent Manufacturing Pilot Factory Candidate Unit and a "Pacemaker in
Industrial Data Governance in China."
We have established a leading group for building a digital Gujing and a Data Management Committee set up a Digitalization Center formed a
digital technology team and formulated strict project management systems to ensure digitalization efforts are governed by regulations and
Research on Clean Utilization Technology of Yellow Water executed in compliance. We promote the deep integration of advanced technologies such as 5G big data and the Internet with core processes
like qu-making brewing and bottling achieving digital penetration across all production links and accelerating the development of a digital
new Gujing. Throughout the year we invested RMB 79048100 in digital transformation further enhancing intelligent upgrades in digital
Through multiple rounds of tests results showed that adding an appropriate amount of yellow water for grain moistening improves infrastructure platform building cybersecurity and production lines.raw liquor quality reduces yellow water generation and effectively lowers groundwater consumption in liquor production. This has
been fully promoted and applied in the Brewing Department III with an annual processing capacity of over 10000 tons.On December 24 2025 our "Achievements of Key R&D Projects under the 14th Five-Year Plan" passed achievement evaluation by the Anhui Association of Scientists and
Entrepreneurs receiving an international leading evaluation.52 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 53
Innovative Digital Management Model
We have pioneered the new "1+2+6+N" model for building a digital Gujing. Taking Strategy 5.0 as the blueprint and supported by two data
foundations we build 6 core capabilities and open N platform applications to comprehensively promote the building of a perception
connectivity and intelligence-enabled baijiu industrial internet platform.New "1+2+6+N" Model for Building a Digital Gujing
N: Applications
1: Strategy AGV Unmanned Material-transporting Vehicle AGV Qu-turning Forklift Unmanned Crane in Gujing Intelligent Industrial Park
"Digital Gujing"
Emergency platform
Logistics platform CASE Implementing Digital and Intelligent Brewing Building an Intelligent Qu-Making Workshop
2: Foundations
At the Gujing Intelligent Industrial Park the level of automation and
Big data platform Industrial loT platform Testing platform intelligence has significantly improved across the entire process
from raw grain quality inspection upon entry to qu-making brewing
finished product bottling warehousing and logistics distribution.Open IoT platform The qu-making workshop introduced qu-making robotic arms AGV
platform
application automatic qu-turning carts RGV transport carts etc. creating a 6: Capabilities
Training platform 5G+ unmanned qu-making workshop. This enables unmanned and
Digital Supply chain Intelligent Quality Collaborative Green automated operations in the qu-making workshop allowing more
marketing collaboration manufacturing control office development precise process execution reducing the impact of human factors on
capability capability capability capability capability capability Serve ······ qu-making production and improving production efficiency.SMEs
Unmanned Qu-making Workshop at Gujing Intelligent Industrial Park
Simultaneously we actively explore and apply "Baijiu+5G" scenarios forming a new unique practice of "1510" Gujing's 5G fully-connected
transparent factory at the Intelligent Industrial Park. This centers on a 5G private network covers five key areas and involves the development of
ten scenario applications forging new quality productive forces for baijiu "intelligent manufacturing." This covers every stage of the Intelligent
Industrial Park achieving extensive connectivity of production units and promoting the transformation from traditional manufacturing to digital
and intelligent manufacturing.New Practice of "1510" Gujing's 5G Fully-Connected Transparent Factory
Gujing Distillery has passed the certification of the quantitative Gujing Distillery's project "Empowering the Construction and
management level (Level 4) of the Data Management Capability Operation of Digital and Intelligent Full Link for Traditional Baijiu
Maturity Assessment (DCMM). with Multi-Dimensional Data Support" won the Gold Award in the
Industrial Manufacturing Category of the 2025 "Data Element x"
Competition (Anhui).Safeguarding Cybersecurity
We strengthen the security management of terminal devices deploying terminal security management systems and "zero trust" systems to
control network access and terminal access. We implement situational awareness platforms and host security protection systems to monitor the
security status of internal and external network environments and important business system servers in real time completing Tier-3 cybersecurity
system assessment. We conduct thematic cybersecurity training and publicity activities to comprehensively disseminate cybersecurity knowledge
and enhance employees' cybersecurity awareness and protective skills. In 2025 the Company experienced no major cybersecurity incidents and
no major information or data leakage incidents. Three information security notifications were received all of which were promptly investigated
and properly handled efficiently mitigating information security risks.54 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 55
Product Quality and Safety Gujing Distillery's Distinctive "135 Lean Quality" Management Model
We adhere to the principles of "quality foremost" and "customer first" and strictly comply with applicable laws and regulations of the People's
Republic of China including the Product Quality Law of the People's Republic of China the Food Safety Law of the People's Republic of
China the Advertising Law of the People's Republic of China and the Law of the People's Republic of China on the Protection of Consumer "1" Guided by the Performance Excellence Model (PEM)
Rights and Interestss. We have launched the "Three Excellence Initiative" centered on pursuing excellence in quality integrity and branding.continuously advanced our comprehensive quality project and implemented full lifecycle quality control striving to become the most popular
and respected baijiu company in China."3" Supported by three core systems—Quality Food Safety and Integrity
Governance
"Pursuing authenticity in quality" is the cornerstone of Gujing Distillery's "Three Excellence Initiative." We have established a robust quality
organization network covering corporate leadership functional departments and individual positions. The Company's principal leaders are "5" Guaranteed by five key "Lean Quality" actions based on the Plan-Do-Check-Act (PDCA) cycle
responsible for the overall planning and deployment of quality work. Departments including the Technology and Quality Center Procurement
Center Brewing Management Center and Digitalization Center perform their respective duties and collaborate with each other. We promote
the implementation of principal responsibility and company-wide quality accountability from top to bottom deepen the operation of the
"Three Institutes and One Laboratory" advance the development of the comprehensive quality control system and fully launch the digital and Note: The "135 Lean Quality" management model has been recognized as a "Quality Benchmark for Industrial Enterprises" by the Ministry of Industry and Information Technology (MIIT) of the People's Republic of China.intelligent Quality Management System (QMS) achieving full life cyclelife quality control "from grain to glass."
We implement the quality control guidelines establish a distinctive quality construction system consisting of "Four Pillars and Eight
Cornerstones." By enforcing a matrix-based quality control system we have fully implemented our "135 Lean Quality" management model and
strengthened full-process end-to-end quality control from raw material breeding to final product delivery and passed top-grade certification Strategy
of liquor products. As a result we have received numerous honors including the National Advanced Enterprise in Quality Integrity the National
Enterprise Committed to Product and Service Quality Integrity and the National Consistently Qualified Product in Quality Inspection. We have established and continuously improve a systematic product quality risk and opportunity control procedure to systematically identify
and assess quality risks at all stages including raw material management production processes and customer usage. These risks are effectively
Keywords of Gujing prevented and controlled through measures such as strengthening the quality system deepening supply chain collaboration and promoting
process optimization. Simultaneously we proactively identify opportunities arising from market demand changes and technological upgrades
actively transforming continuous product quality improvement into a competitive advantage for enhancing customer trust improving brand
"Four Institutes and One Laboratory" refer to Chinese Baijiu Healthy Research Institute Gujinggongjiu · Nianfenyuanjiang Grain reputation and exploring sustainable markets. By establishing a closed-loop management mechanism we drive the simultaneous growth of
Research Institute Gujinggongjiu · Nianfenyuanjiang Quality Research Institute Gujinggongjiu · Nianfenyuanjiang Culture Research operational resilience and long-term value.Institute and Key Laboratory of Solid-State Fermentation Intelligent Brewing Technology in Anhui Province.Likely Impact
Risk Type
Gujing's "Four Pillars and Eight Cornerstones" Quality Expression System Impact Value Chain Business or
Response Measures
Period Impacted Financial Impact
Quality management risks: Regularly conduct internal audits and external
Adhere to Long-term Principle Pursue Excellence Failure of quality certifications of the quality system to identify
and Establish Fine Quality Consciousness Product quality issues may control leading quality control loopholes ensuring system
trigger a chain reaction such Medium to Direct to complaints effectiveness and compliance
as consumer complaints long term operations brand damage
Gujinggongjiu · Gujinggongjiu · Gujinggongjiu · and legal action affecting and reduced Continuously optimize quality control
Nianfenyuanjiang Nianfenyuanjiang Chinese Baijiu Healthy Nianfenyuanjiang
Research Institute corporate reputation and sales processes to achieve a closed loop across the
Grain Research Institute Quality Research Institute Culture Research Institute negatively impacting sales. entire quality control chain
Establish a traceability system for raw
materials like raw grain designate high-quality
Raw material quality risks: planting bases and formulate stringent raw
material acceptance standards
Quality fluctuations in core Inconsistent
raw materials like raw grain Short to Upstream product quality
Strengthen control at the supply chain source
and efficiency control at the medium and direct unstable taste regularly conduct supplier qualification audits
supply chain source affect term operations and flavor and and quality spot checks and provide special
the stability of base liquor damaged brand training and guidance to suppliers
brewing and finished product reputation Establish key raw material reserve and
quality quality testing mechanisms conduct multi-
Build the "Three Excellence Initiative" Consolidate the "Four Pillars and Eight Cornerstones" and dimensional indicator testing on incoming raw
Construct the "Lighthouse Factory" materials and control quality at the source
Contribution and Sharing
Inheritance of Intangible Cultural
Heritage
Flavor and Health
Intelligent Manufacturing
Lean Quality
Quality Control Guidelines
Baijiu Traceability
Scientific Grain Utilization56 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 57
Likely Impact Strictly Selecting High-quality Raw Grain
Opportunity Type Impact Value Chain Business or Response Measures We regard raw grain quality as the core foundation of brewing
Period Impacted Financial Impact establishing a stringent quality control system covering the entire
chain of "breeding planting harvesting storage transportation
and usage" through scientific management and innovative practices
Focus on consumers' quality needs upgrade across the whole industry chain. In collaboration with the Institute
the quality control standards for high-end of Crop Sciences Chinese Academy of Agricultural Sciences we have
products and build a core product matrix of
Market opportunities: high quality established the Grain Research Institute focusing on the development Improve the market
acceptance and of wheat varieties specifically for brewing. We successfully cultivated Increasing consumer demand
premium ability of Strengthen the publicity of product quality proprietary varieties such as Wanke 421 and Gumai No. 1 precisely for baijiu quality safety
Medium Direct products expand and safety and convey the Company's meeting the qu-making process requirement of "core rotten but husk and health and expanding
term operation market demand for high- the high-end market
quality concept through product traceability intact" promoting microbial enrichment and imparting unique flavors
downstream share and enhance display offline tasting experiences etc.quality premium products to the liquor body. We have also expanded the base areas for grains
make quality become a core customer stickiness Continuously optimize product quality dedicated to brewing and promoted the cultivation of high-quality
purchasing decision factor. and repurchase rate and drinking experience based on raw grain to ensure premium quality brewing materials.market demand research and cultivate
a differentiated quality competitive
advantage
Our wheat is sourced from high-quality wheat producing areas in the Yellow River and Huaihe River regions rich in
Technological innovation: Introduce advanced food quality testing Improve the equipment and technologies establish carbohydrates proteins and appropriate inorganic salts.Continuous iteration of efficiency of quality digital quality testing laboratories and
technologies such as food testing and control improve testing accuracy and efficiency
testing and intelligent quality Medium to Direct reduce quality
control provides more long term operations control costs and
Build an intelligent quality control platform Our sorghum is produced in western Liaoning featuring plump grains and high starch content.efficient and precise technical achieve precise and to achieve data-driven management of
support for product quality digital control of the entire process of production testing
management. product quality and traceability promoting the digital transformation of quality control Our corn is sourced from the main production areas in North and Northeast China.Our rice and glutinous rice have good fermentation and saccharification properties.Risk Management
Relying on an integrated management system and end-to-end quality control mechanisms we systematically prevent and control quality risks
across raw material brewing and bottling processes establishing a digital and intelligent traceability system and improving recall mechanisms.Simultaneously we deeply explore opportunities for quality improvement solidifying the quality foundation through system empowerment and
cultural cultivation transforming the core strength of quality control into brand competitiveness. Strict Brewing Process
We prioritize the liquor brewing quality at the Intelligent Industrial
Strengthening Management System Park rigorously enforcing production standards strictly controlling processes and meticulously managing every stage of production.We have strictly constructed and implemented an integrated management system centered on the Hazard Analysis and Critical Control Points We have established a four-tier raw liquor evaluation mechanism
(HACCP) system Integrity Management System Quality Management System Environmental Management System and Occupational Health and covering the centers departments workshops and teams hold
Safety Management System. This achieves full-process multi-dimensional risk control and quality assurance for products from raw materials monthly production quality analysis meetings and formulate targeted
to finished goods. Having obtained CNAS and CMA third-party testing accreditations we ensure that every stage of the process stands up to improvement measures for identified issues. We have further reduced
scrutiny. Furthermore our Top-Grade Certification for alcoholic beverages serves as a public commitment to our pursuit of excellence. Driven by the moisture content when putting materials into the fermentation
systematic management and authoritative certification we are dedicated to providing customers with safe reliable high-quality products that pits adjusted the feeding structure in traditional workshops and
exceed standards with every product embodying our commitment to integrity and professionalism. increased the proportion of top-grade liquor. We value the integration
of traditional brewing techniques with digital technologies applying
advanced technologies such as automation information technology
and digitalization to continuously optimize and standardize brewing
processes strengthen equipment operation and maintenance
management and steadily improve raw liquor yield and quality. Gujing Distillery uses intelligent robotic steam probing for loading steaming
fermented materials.Strengthening Bottling Management
We implement a "Four Strictnesses and Four Excellences" management model in the baijiu bottling process forming a full-process assurance
system. We maintain a clean well-ventilated bottling workshop with appropriate temperature and humidity. Bottling equipment is regularly
cleaned and disinfected. Before bottling the quality of raw liquor and the integrity of packaging materials are inspected. We also implement
training for bottling personnel and steadily promote the automated bottling project.58 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 59
Strengthening "Comprehensive Quality Control" System Fostering a Culture of Quality
We have uniformly revised the production process standards for Gujing Distillery and its subsidiaries establishing a "Three Unifications" In 2025 focusing on the theme of "Innovation-Driven Foundation Strengthening and Chain Reinforcement Digital and Intelligent Empowerment
(Planning/Scheduling/Standardization) mechanism for the capacity aroma type and process of liquor companies providing precise basis for for Quality and Efficiency Improvement" we have planned and launched 26 special activities under nine series for "Quality Month." Through
cross-base capacity planning. We have organized and completed internal audits of the Quality/HACCP/Integrity Management Systems rigorously innovative formats such as "speech + short video" story competitions OPL course development data analysis competitions quality lectures
inspecting and rectifying 287 issues. The annual management review has been conducted identifying 4 management topics for improvement. and supply chain collaboration we have systematically built a quality management closed loop characterized by "company-wide participation
We have passed the annual system audit and top-grade liquor certification with 12 management suggestions for improvement. Considering knowledge accumulation data-driven decisions and strategic leadership." During the activities 243 high-quality OPL courses have been refined
factors such as production raw material batches and shift/ product changeovers we have optimized supplier production batch management to strengthening the grassroots training system. On-site audits of 26 suppliers have been conducted preventing 60 batches of potential quality
achieve precise traceability of quality issues. In 2025 we conducted training on implementing the three major systems with over 100 participants issues through preemptive quality inspection. These efforts have effectively embedded the culture of quality deeply within the organization and
including management personnel new and existing internal auditors and system management staff. enhanced grassroots capabilities gradually establishing a new quality management landscape characterized by top-down coordination and
company-wide co-governance. We have received honors including first prize in the provincial brand story speech competition five first prizes in
During the reporting period through system empowerment Yellow Crane Tower Distillery significantly improved both the yield of qingxiangxing the provincial quality innovation skills competition and first and second prizes in the 13th National Brand Story Competition.(light aroma) liquor and the rate of top-grade nongxiangxing (strong aroma) liquor. The transformation of Mingguang Liquor was promoted
across three major areas: digitalization of quality control documentation of systems and integration of food safety defense.Traceability System Development
We have established a digital and intelligent Quality Management System (QMS) that automatically updates the details of packaging material use
liquor body testing bottling process execution and delivery. By virtue of QMS we have established a complete quality data traceability chain
which enables fast traceability from raw materials to finished products and vice versa and constantly strengthens the closed-loop management
of issues. Moreover we maintain zero tolerance for product quality issues and have established a fast-track quality issue response mechanism.By tracing the root causes of market-reported quality concerns we have ensured the highest standards of product quality.We have established raw grain bases in "three counties and one district" built a smart management Gujing Distillery organized personnel to participate in evaluation activities such as Gujing Distillery carried out training on quality improvement for packaging material speeches micro-videos OPL and quality-trustworthy teams. suppliers.Digital platform and collected planting data in real-time through an integrated "space-air-ground" monitoring
control at network.the source We have established the Grain Research Institute to deepen raw grain research creating an "identity
card" for each batch of raw grain making information on planting storage and other stages traceable.Metrics and Targets
Quality Control and Food Safety Objectives & Targets Achievement Status in 2025
Zero major quality incidents Achieved
Full-process We have built a full life-cycle traceability system integrating 5G IoT AI and other technologies covering
traceability in all stages including qu-making fermentation and bottling. Over 200 key control points are included Zero food safety incidents Achieved
production in the management forming a three-level traceability association of "bottle-box-pallet."
100% product pass rate in market sampling inspections Achieved
0% product withdrawal and recall rate Achieved
Visual
verification at We have implemented the "one bottle one code" system. Consumers can scan the code to view
the consumer complete information such as the production date origin and product information which helps
end prevent counterfeiting and unauthorized sales.Indicators Unit 2023 2024 2025
Product pass rate at the factory % 100 100 100
Product pass rate in market sampling inspections % 100 100 100
Extension
of the We have extended the transparent factory strategy to the source of the industry chain. Through
transparency activities such as the Raw Grain Harvest Festival we invited consumers to "visit" the bases online Product batch inspection coverage % 100 100 100
system building a two-way quality verification system of "front-end traceability + back-end transparency."
Product withdrawal and recall rate % 0 0 060 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 61
Food Safety Management
We have strictly adhered to the "Four Strictest Requirements" for food safety solidly implemented the "Two Responsibilities" and dynamically Solidifying responsibilities and building a closed-loop control system
followed and strictly complied with quality and food safety laws regulations and standards related to baijiu production. A Food Safety
Committee chaired by the Chairman has been established with a Food Safety Task Force led by the Chief Engineer responsible for leading and
promoting the Company's food safety management work systematically building a full-chain food safety control system covering the "source- We have implemented the full-chain work mechanism of "daily control weekly inspection and monthly scheduling" and digitally
process-subsidiary." In 2025 the Company has achieved "zero occurrence" of food safety incidents and a 100% product pass rate in market upgraded the daily control process achieving online statistical analysis of issues and closed-loop tracking of rectifications.sampling inspections. We have also received multiple honors including "National Trustworthy Liquor Project · Trustworthy Enterprise" and
"National Demonstration Enterprise for Product and Service Quality Integrity" setting a benchmark for food safety management in the industry. We have deepened cross-departmental collaborative supervision carried out weekly cross-inspections and compiled 43 issues
of the Weekly Food Safety Inspection and Rectification Report throughout the year. We have innovated a monthly experience
sharing mechanism for excellent Food Safety Officers and organized 5 special exchange activities.Gujing Distillery's "333311" Food Safety Principal Responsibility System
We have strengthened assessment and incentives implemented assessment rewards for Food Safety Officers and awarded 15
3 Levels of Management Corporate executives Food Safety Director and Food Safety Officers outstanding individuals the honorary title of "Food Safety Guardian." Through multiple rounds of self-inspections and special Organization audits efforts have focused on rectifying various risks and hidden dangers.
3 Major Responsibilities Responsibilities of corporate executive responsibilities of Food Safety Director and regulations/responsibilities of Food Safety Officers
3 Phase Mechanisms Daily control weekly inspection and monthly scheduling
Improving lean management efficiency with digital empowerment
Conducting daily inspections against the Food Safety Risk Control Checklist and maintaining
accurate records in the Daily Food Safety Inspection Log We have built a multi-dimensional data visualization report on daily food safety control issues to provide accurate support for
3 Key Tasks Conducting weekly inspections and compiling the Weekly Food Safety Inspection and
management decision-making.Rectification Report We have iteratively upgraded the QMS system to automate "daily control" assessment and evaluation achieving intelligent
Organizing monthly scheduling meetings and documenting outcomes in the Monthly Food scoring calculations; optimized the QMS to enable online quality inspection for 26 suppliers and rapid traceability of
Safety Scheduling Meeting Minutes problematic batches improved quality inspection alerts and statistical functions and added modules for issue selection and
statistical analysis comprehensively strengthening data-driven management effectiveness.
1 Evaluation System Food safety education and training assessment system
1 Incentive and Assessment Establishing an incentive system for Food Safety Directors and Officers
Focusing on the source and building a solid defense line for raw grain safety
We have developed a smart management platform for raw grain base planting achieving information-based control of the entire
process from planting to harvesting; and formulated the Sanitation Specification for the Storage and Transportation of Raw
Grain from Planting Bases establishing a unified and standardized control system.We have precisely controlled planting risks organized special training for planting entities and conducted unannounced
inspections during the raw grain planting stage concurrently to ensure raw grain quality and safety at the source.Strengthening education to reinforce safety awareness for all staff
We have built a tiered and categorized training system including 128 OPL single-point courses on food safety and 12 tiered
specialized courses. A total of 142000 people have participated in learning and assessments achieving 100% training
coverage.We have deepened professional capacity building by organizing HACCP management system implementation training and special
centralized training for the catering industry. Leveraging the workshop "Lean Dojo" platform we have conducted 397 frontline
hands-on training sessions.We have carried out the "one regulation with one test per month" regular learning activity and organized 83 food safety
accident emergency response drills comprehensively enhancing employees' emergency response and coordination capabilities.62 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 63
Regulating Advertising Practices
Innovating models and optimizing the supply chain control
We strictly comply with applicable Chinese laws and regulations such as the Advertising Law of the People's Republic of China
and the Advertising Management Regulations standardizing the application review and delivery of advertising scenarios.We have pioneered a "Five-Dimensional Empowerment" proactive management model shifting control nodes forward to
suppliers and building a collaborative win-win supply chain ecosystem. We have strengthened new media oversight by regularly inspecting new media content quality across all units and strictly
enforcing the "three-tiered review and three-tiered proofreading" policy to prevent misleading or ambiguous marketing tactics.We have assisted suppliers in improving their quality management systems promoting the addition of over 200 quality
inspection devices. We have conducted tiered training and practical assessments achieving QMS system online operation for 26
core suppliers.We have optimized supply chain management mechanisms completing BOM standard upgrades for 6 major product categories
and implementing a supplier self-reporting mechanism for BOMs. We have selected key material suppliers to implement a Ensuring Product Information Transparency
centralized procurement model standardized clamp ring structures and formulated full-process management measures for
outsourced processing achieving full-chain controllability of the supply chain.We have refined packaging and labeling details including clear indications of ingredients and alcohol content across all baijiu
products and have displayed the warning message "excessive drinking is harmful to health" on all products to help consumers
make informed purchasing and drinking decisions.Building a platform to deepen market services
Promoting Responsible DrinkingWe have built a multi-dimensional and efficient market service system achieving a 100% resolution rate for market feedback
issues handled throughout the year ensuring rapid response to protect consumer rights.We have hosted the Hefei sub-venue event for the "2025 National Responsible Drinking Awareness Week" and the Core Consumer
We have launched a "Technology and Quality in the Market" special initiative in which 16 teams of professionals have visited Experience Day of Gujing Distillery discussing the concept of responsible drinking under the theme "Care for the Youth No
150 retail outlets and collected 316 market issues and optimization suggestions providing a precise basis for product Drinking for Minors."
iteration.We have conducted regular awareness campaigns promoting "responsible drinking moderate drinking and healthy drinking" in
We have strengthened market empowerment support by providing partners with 62 sessions of professional training and advertisements advocating "drink less drink better." We have included statements such as "Do not sell to minors" and "Do not
product promotion activities and targeting improvement of 30 quality-related issues continuously enhancing market drive after drinking" to encourage responsible drinking and healthy lifestyles among consumers.satisfaction and brand reputation.Conducting Responsible Marketing Training
We have continuously strengthened publicity and training of responsible marketing for all employees. Through internal courses
and policy briefings we have organized regular specialized training and legal education for employees enhancing their awareness
of responsible marketing.We actively respond to the trend of healthy consumption and
launch a variety of low-alcohol and healthy baijiu products. In
2025 the 26%vol Nianfenyuanjiang Mild Edition Gu 20 series
Gujing Distillery carried out the activity of "Technology and Quality in the Market." Gujing Distillery organized and carried out quality expression presentations. has precisely targeted the "golden drunken zone" advocating a
new drinking trend of "mild taste without compromising flavor."
The 35%vol Gujinggong Shenli Liquor-Huoli leveraging the
geographical advantage of Bozhou as the "Capital of Traditional
Chinese Medicine" has been meticulously crafted as a healthy
Responsible Marketing baijiu product offering consumers a new choice for a "light
wellness lifestyle." Alongside launching healthy products
We consistently adhere to integrity in business operations and have formulated the Media Advertising and Brand Promotion Management we have prominently displayed warnings such as "excessive
Regulations to continuously standardize marketing and advertising practices. We have established a responsible marketing audit mechanism to drinking is harmful to health" and specific group warnings on
oversee and audit the entire marketing process including advertising product information disclosure and consumer data usage for compliance product packaging to reinforce consumption alerts. We have
and authenticity. Through regular audits and special inspections we promptly identify and prevent risks such as false advertising and misleading also actively conducted publicity and educational campaigns to
promotions ensuring marketing activities comply with legal regulations industry norms and social responsibility requirements. We also actively advocate responsible drinking and healthy lifestyles opposing
promote healthy and civilized lifestyles vigorously advocate responsible drinking and effectively protect consumer rights and interests. waste and excessive consumption. 2025 National Responsible Drinking Awareness Week64 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 65
Customer Service Promoting Consumer Engagement
Upholding a "customer first" philosophy and a market concept that "customer needs are our aspiration and customer benefits define our We have continued to strengthen basic market outlets by optimizing
value" we have made every effort to protect the legitimate rights and interests of consumers maintained smooth communication channels with the layout of exclusive stores and establishing brand cultural
consumers improved our after-sales service system and continuously delivered better service experiences to consumers. experience centers providing immersive brand experiences for
consumers. Through events such as the Peach Blossom Spring Qu
Festival Gujing Fan Festival and Raw Grain Harvest Festival we have
deepened consumer understanding of Gujing Distillery. Moreover
we have intensified our efforts in five key consumer engagement
Protecting Customer Rights and Interests initiatives including tasting events free drinks for consumers raw
liquor exploration tours cooperation with renowned enterprises and
In strict compliance with the Law of the People's Republic of China on the Protection of Consumer Rights and Interests we have diligently promotional campaigns while offering baijiu customization services
fulfilled product quality obligations improved product quality and service standards and safeguarded the basic rights and interests of to meet diverse consumer needs. We have completed various publicity
consumers including the right to know to safety to choose and to privacy. Moreover we maintain zero tolerance for product quality issues and and promotion activities for the Mild Gu 20 product including 10
have established a fast-track quality issue response mechanism. By tracing the root causes of market-reported quality concerns we have ensured innovative events such as Douyin live streaming promotional video
the highest standards of product quality. Furthermore we have maintained strict confidentiality of customer data prohibiting unauthorized shooting television station promotions and live streaming of the
disclosures and protecting consumer privacy and information security to the maximum. In 2025 no customer-related privacy data breach Brewing Ceremony helping to precisely target new products to the
incidents were reported. market and identify new types of consumers.CASE Gujing Dajiu Pu Opens Creating a New Consumer Experience Through a Freshly On-site Dispensing and Sale Model
Establishing Unimpeded Communication Channels
In December 2025 Gujing Distillery opened its first direct-operated Dajiu Pu (freshly dispensed liquor retail shop) on Tongxiang Road in Bozhou.We have deeply listened to and understood consumer voices and Operating under a "front shop back workshop on-site dispensing and sale" model the shop offers factory-direct cost-effective freshly dispensed
feedback interacting with consumers through various platforms liquor products. Through transparent experiences and affordable pricing this meets the drinking needs of different consumer groups innovates
such as our global call center official website e-commerce offline brand consumption scenarios and enhances consumer trust and brand reputation.platforms WeChat order meetings tasting events and consumer
satisfaction surveys. Leveraging our status as a National Industrial
Tourism Demonstration Base we have carefully organized "factory
tour" events for consumers allowing them to immerse themselves
in the charm of baijiu brewing and narrowing the distance between
the brand and consumers.Optimizing After-Sales Service
We have established multiple mechanisms to continuously refine relevant regulations and the after-sales support system such as the Non-
Conforming Product Control Procedure the Customer Complaint Handling Process the Return and Exchange Management Regulations
the Market Quality Information Feedback Handling Measures the Issue List Feedback System and the Corrective and Preventive Actions
Form. These mechanisms ensure that every consumer complaint receives a swift response and timely resolution. A dedicated After-Sales Service
Department has been in place to handle complaints on a regular basis and an issue list system has been implemented to stipulate that a case
should not be closed until it has been fully resolved. We have promptly responded to user feedback traced issues to their root causes and
addressed them at the source achieving continuous optimization and upgrading of our products and services.During the reporting period the Company maintained a high standard of efficiency and quality in complaint handling. 100% of complaints were Conducting Customer Satisfaction Measurement
accepted within 24 hours and 95% of complaints were resolved within five days. More complex cases were settled within 30 days. Utilizing the American Customer Satisfaction Index (ACSI) methodology we have conducted annual customer satisfaction surveys by
questionnaire through independent third-party agencies. These surveys assess customer expectations perceived quality perceived value
customer satisfaction and customer loyalty continuously enhancing consumer satisfaction and strengthening our competitive edge.Improving the Product Recall Mechanism
Customer Service Performance
We have established a dedicated product recall team comprising key personnel from quality management sales production management
and other critical functional departments with clear responsibilities for the specific implementation of product recall procedures. We have
issued a series of documents including the Market Quality Information Feedback Handling System the Quality Accountability Management Indicators Unit 2023 2024 2025
System the Product Recall Control Procedure and the Emergency Preparedness and Response Control Procedure clearly defining the specific
responsibilities of each department in emergency handling and product recalls. We have established and improved a three-tier recall system Number of complaints cases 3515 2938 3125
based on the severity and urgency of quality risks clearly stipulating the processes for proactive reporting evaluation and handling of major
quality incidents. Product recall drills are regularly organized to ensure a rapid response and standardized handling of high-risk quality issues. Complaint resolution rate % 100 100 10066 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 67
Gujing Distillery Consumer Satisfaction Survey
Product Performance Service Quality
Year SatisfactionIndex Liquor Body Packaging Purchase After-Sales Promotion
Quality Quality Convenience Service Quality
20230.939.379.319.439.529.26
20240.939.409.369.459.529.26
20250.939.349.349.449.59.24
The 4th Chinese New Year Culture Festival of Gujinggongjiu · New Year's Eve The 8th Peach Blossom Spring Qu Festival & the 4th Gujing Fan Festival of
Gujing Distillery Distributor Satisfaction Survey Gujinggongjiu · Nianfenyuanjiang
Product Performance Service Quality
Year Satisfaction Index Liquor Body Packaging Service On-Site
Anti-
Counterfeit Reception Financial
After-
Quality Quality Attitude Service Supervision Service Audit
Sales \
Service
20230.949.579.389.599.658.999.549.529.54
20240.949.589.389.659.669.069.599.539.56
20250.939.499.359.569.619.019.529.459.48
Brand building The "Four-Season Village Songs" Featured Performance and the 5th Raw Grain The 12th Autumn Brewing Ceremony of Gujinggongjiu · NianfenyuanjiangHarvest Festival of Gujinggongjiu · Nianfenyuanjiang
At Gujing Distillery we uphold the behavioral philosophy that "everyone represents the Gujing brand embodies its image and sets its example."
With this in mind we have continuously advanced brand development and media communication through diverse marketing initiatives and in-
depth cultural promotions so as to strengthen our brand's modern appeal and international presence. Moreover we have actively engaged in Deepening Cultural Communication
global exchanges using baijiu culture as a bridge to showcase the unique aesthetic sensibilities and modes of expression of the Chinese people
while demonstrating our profound cultural confidence to the world. We have always adhered to the integration of cultural heritage and innovation. Leveraging the intangible cultural heritage techniques of
Gujing Distillery's brewing process we have actively fulfilled our role as a state-owned enterprise in the "Building up China's Cultural Strength"
strategy and incorporated intangible heritage protection and craftsmanship transmission into our responsibility practices. We have developed
Strengthening Brand Management distinctive industrial tourism routes allowing visitors to explore museums fermentation pits and brewing heritage sites immersing themselves in traditional brewing techniques and the thousand-year-old culture of baijiu. We offer specialized study programs for young people turning
We have established a Brand Committee as our decision-making body on branding and a Brand Management Center to execute brand-related production lines into "museums without walls" and cellars into "walking classrooms" spreading brewing knowledge and perpetuating the
decisions. Firmly adhering to the strategy of "aiming high leveraging external recognition to drive internal resonance and integrating both craftsmanship spirit through hands-on experience. With the Baijiu Culture Expo Park and the Intelligent Industrial Park as dual hubs we have
external and internal efforts" we have taken a series of measures across brand design media publicity brand activities and brand enhancement promoted synergy between the two enabling the intangible cultural heritage of baijiu to shift from static preservation to living transmission
and orderly developed the Brand Experience Pavilion project. As a result our brand exposure vibrancy and influence have been further welcoming over 280000 visitors annually.strengthened. In the Top 50 Most Valuable & Strongest Spirit Brands 2025 released by Brand Finance Gujinggong Liquor ranked 8th with a brand
value of USD 3.566 billion making it the only Anhui baijiu brand on the list and one of the top six Chinese baijiu brands.Amplifying Brand Presence
Guided by the "Three Excellence Initiative" we have continued to implement an integrated brand marketing strategy. Under the overarching
theme of "One Festival One Season One Ceremony and One Culture Festival" for brand IP events we have completed high-profile title
sponsorship campaigns for CCTV's Spring Festival Gala refined our national high-speed rail advertising initiatives and successfully executed
core IP events such as the Peach Blossom Spring Qu Festival the Raw Grain Harvest Festival the Autumn Brewing Ceremony and the Chinese
New Year Culture Festival. These events have facilitated our active interaction with loyal fans key distributors and core consumers. We have also
launched a series of innovative activities including the Gujing Enterprise Day at the Expo 2025 Osaka in Kansai Japan and the Global Tour in
Tokyo. We have maintained ongoing collaboration with forums such as the RCEP Local Governments and Friendship Cities Cooperation Forum
and the World Manufacturing Convention made impactful appearances at the China International Supply Chain Expo and China International
Alcoholic Drinks Expo and comprehensively reinforced our brand proposition "Crafted in China for the World to Enjoy." Our efficient execution of
events such as the Spring Ceremony for New Brewing the Spring National Food & Drinks Fair the launch of the Mild Gu 20 and the Annual Dealer Intelligent Industrial Park No. 1 Ceramic Jar Wine Warehouse Tourists' immersive experience of the intangible cultural heritage brewing
Awards Ceremony has further invigorated market enthusiasm with our brand influence continuing to rise. techniques68 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 69
Sustainable Supply Chain
Supplier Management
With the core objective of "building a compliant efficient green and socially responsible supply chain system" we have enhanced systematic
supply chain development and full-process operational management. Together with upstream and downstream partners in the industry chain We incorporate environmental protection qualification requirements into the supplier management mechanism and establish
we have pooled efforts to build a modern supply chain ecosystem that is both efficiently collaborative and greenly sustainable. corresponding management evaluation measures.We complete the update and investigation of the qualifications of packaging material raw and auxiliary material and food-safety-
related suppliers to reduce food safety risks in the supply process.Supply Chain Management
We strictly follow the strategic guidelines of the national "14th Five-Year Plan" regarding the resilience and security of industry and supply We review qualified suppliers of gases and chemicals on the SRM platform and adjust supply capacity settings within the SRM system.chains. Taking the sustainable development of procurement as our entry point we have continuously integrated ESG criteria into every aspect
of procurement and supply chain management ensuring that supply chain operations are well-regulated and based on clear standards. We have
also enhanced our supply chain risk management capabilities and comprehensively driven the green and digital transformation of the supply
chain.Indicators Unit 2025 Supplier evaluation
Number of suppliers Nr. 904 We conduct monthly performance evaluations of packaging material raw and auxiliary material and small-scale material suppliers
and regularly analyze performance data according to the Detailed Rules for the Performance Evaluation of Packaging Material
Number of sustainability certified suppliers Nr. 904 Suppliers the Detailed Rules for the Performance Evaluation of Raw and Auxiliary Material Suppliers and the Detailed Rules for
the Performance Evaluation of Small-scale Material Suppliers.Proportion of sustainability certified suppliers % 100
Proportion of local procurement from suppliers % 64 We provide timely performance feedback to packaging material raw and auxiliary material and small-scale material suppliers. In
2025 we interviewed packaging material suppliers with poor performance to urge them to make improvements.
Number of suppliers reviewed during the reporting period Nr. 2137 5
Number of suppliers penalized during the reporting period Nr. 30
Number of supplier training sessions Times 12
Percentage of suppliers signing the Integrity Commitment
Agreement % 100
Supplier exit
We upgrade the automatic verification and reminder function for blacklisted supplier contacts on the SRM system to prevent
execution risks. In 2025 we placed 30 non-performing suppliers on the blacklist and made the list public.Supplier Management
We have developed and implemented the Management Measures for Supplier Outsourcing and the Measures for the Management of Supplier
Inventory Data. Leveraging the Gujing Supply Chain Management Platform (SRM Platform) we have opened up collaborative links between the
Company and its suppliers in areas such as quality order placement delivery reconciliation and logistics. Through online management and
real-time data sharing we have comprehensively improved the supply chain collaboration efficiency. In August 2025 we systematically revised
and implemented the Supplier Management Regulations integrating ESG criteria into the entire supplier lifecycle including access review
evaluation and exit.Supplier access
We formulate a supplier development review plan and set supplier access conditions and review rules. The review content includes
aspects such as supplier qualifications production status quality control environmental protection and credit. In 2025 we
organized reviews for 27 categories of material suppliers covering raw grain packaging materials and general materials with a
total of 347 suppliers reviewed.We deeply integrate supplier development and sourcing with procurement business conduct real-time online reviews of suppliers
and strictly control supplier information. In 2025 we reviewed over 2000 suppliers across all categories on the SRM system.Gujing Distillery conducts supplier reviews Gujing Distillery conducts on-site supplier inspections70 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 71
Supply Chain Risk Management CASE Digital Intelligence Empowerment From "Seed to Fermentation Pit": Gujing Raw Grain Planting Base Smart Management Platform
We have established safety stock standards for raw and auxiliary materials fuels small-scale materials and packaging materials put in place
an inventory analysis mechanism regularly analyzed inventory levels and material arrival statuses and formulated targeted countermeasures. In August 2025 Gujing Distillery completed
Based on the characteristics of different types of materials we have set up a tiered mechanism for selecting qualified suppliers and evaluating and launched the Gujing Raw Grain Planting
their performance. Only suppliers that have passed the review may participate in our procurement projects. Supplier evaluations are conducted Base Smart Management Platform. Designed
in accordance with the corresponding performance evaluation implementation rules covering product quality delivery timeliness service and on the principles of "intelligence openness
other aspects enabling dynamic supplier management. In addition to meet material supply demands during peak production seasons we have sharing and integration" the platform
developed category-specific supply assurance measures establishing a full-process risk control system that spans supplier management order integrates GIS IoT and AI algorithms.execution production coordination logistics/transportation loading unloading and delivery. Through an integrated risk control path that It comprises four core modules—Base
emphasizes prevention at the front end management in the middle and strict execution at the back end we ensure material supply risks are Management Arable Land Management
under control effectively guarantee the stable supply of various production materials firmly secure the safety of our brewing production and Planting Management and Warehousing
comprehensively enhance the Company's supply chain safety management level. Management—enabling full-lifecycle digital
monitoring of raw grain from "seed to
We have continuously strengthened the stability and security of the raw material supply chain and comprehensively advanced large-scale fermentation pit."
planting at our raw grain bases ensuring supply quality and safety at the source. Through deep collaboration with raw grain suppliers and
farmers—by signing base planting agreements providing technical guidance and offering financial support—we have jointly built high-quality
grain planting bases effectively reduced market risks for farmers and continuously improved the resilience of our supply chain. Throughout
the year the contracted planting area for sorghum and wheat reached approximately 360000 mu. To raise the standardization level of storage
and transportation we have developed and implemented the Sanitation Specification for the Storage and Transportation of Raw Grain from
Planting Bases of Gujinggongjiu · Nianfenyuanjiang and have provided specialized training and guidance to all planting suppliers. These efforts
have continuously enhanced management standardization in warehousing transportation and other processes truly achieving "from farm to Gujing Raw Grain Planting Base Smart Management Platform
workshop" and building a solid food safety defense line for raw grain.We regularly check the validity of the qualifications of our qualified suppliers with a focus on packaging material raw and auxiliary material and
food-safety-related suppliers to reduce food safety risks in the supply chain. To guard against integrity and corruption risks among suppliers
we sign a Code of Conduct for Good Faith Business with suppliers that have passed the review. Any supplier that violates the integrity or anti-
corruption provisions during cooperation will be dealt with according to the terms of the code of conduct.Base Integrates functions such as planting base information base area distribution and planting environment
Management perception enabling visualized management of planting bases on a signal map.Digital Supply Chain Construction
To enhance supply chain transparency and resilience against risks we have been deeply promoting the digital transformation of procurement
and supply processes. By building an integrated visualized digital platform we aim to achieve precise and transparent management across the
entire supply chain.Arable Land Uses AI algorithms for plot analysis delivering comprehensive and precise management of cultivated land
Management with intuitive presentation of plot information and rapid plot location.Full-process Smart
digital management
control of raw grain Planting Records full-cycle farming operations—plowing planting managing harvesting and storing—to create agronomic planting
Management records for raw grain ensure unified supervision and management of germplasm resources and safeguard Gujing raw grain quality and food safety.R e l y i n g o n t h e S R M ( S u p p l i e r R e l a t i o n s h i p We innovatively created the "Gujing Raw Grain
Management) system we have achieved full online Planting Base Smart Management Platform." By Warehousing Achieves standardized "one warehouse one code" management of raw grain warehousing linking the entire
traceability for all processes from demand reception using IoTs and big-data technologies we have Management data chain from grain receiving and outbound shipment to transportation and inbound quality inspection.and tender comparison to order collaboration. In promoted the transformation of tradit ional
2025 we implemented "contactless" catalog-based agriculture to a more intelligent and standardized
mall procurement through the digital platform model through digital means laying a solid
enabling efficient scheduling and transparent foundation for high-quality development in terms of
management of low-value materials with a budget of raw materials.less than RMB 5000 per item. Green Supply Chain Construction
We integrate the concept of green development into every aspect of the supply chain. In terms of green logistics we have upgraded
environmental protection standards for coal transportation promoted the use of clean-energy vehicles and shortened supply radii. We are also
pursuing low-carbon packaging materials and actively promoting energy-saving operation of warehousing equipment building a green supply
chain across the board.72 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 73
Green logistics Supplier ESG Capacity Building
We are committed to placing capability enhancement at the core and pursuing coordinated development as our goal. To this end we have
established a supplier empowerment system covering institutional development professional training technology guidance and green
We systematically upgraded environmental management standards for coal transportation in 2025 clearly requiring that from 2026
80 transformation to continuously improve our partners' sustainable development capabilities and compliance performance and thereby drive onward transport units must be equipped with clean-energy vehicles with clean-energy vehicles undertaking more than % of our high-quality development across the entire industry chain. In terms of capacity building we adopt a methodology combining "theoretical
the total annual coal transport volume. training on-site observation and hands-on practice" and conduct systematic training for key suppliers in areas such as packaging materials and
raw grain in batches. In 2025 we delivered 12 training sessions for suppliers covering product quality food safety lean management and more
We invested in the construction of an intelligent environmental protection barrier gate and monitoring system in 2025 enabling real- effectively enhancing suppliers' ESG expertise and compliance awareness.time identification and data collection for coal transport vehicles entering the plant. We strictly enforce the management principle
that "vehicles failing to meet environmental standards are prohibited from entering the plant and from unloading" ensuring clean
transport policies are fully implemented.CASE Yellow Crane Tower Distillery Hosted a Quality Training Session for Packaging Material Suppliers
We have increased the proportion of local suppliers to reduce transportation energy consumption.In September 2025 Yellow Crane Tower Distillery a subsidiary
of Gujing Distillery hosted the 2025 Quality Training Session for
Packaging Material Suppliers. Bringing together over 60 supplier
Green warehousing representatives from across the country Yellow Crane Tower
Distillery systematically presented performance evaluation methods
product standardization requirements and food safety regulations.By deepening suppliers' understanding of quality standards and
Warehousing equipment selection: For the intensive packaging material warehouse energy-efficient shelf designs and high- compliance management the training fortified quality defenses at the
efficiency conveying equipment are selected to reduce production and operational energy consumption. When purchasing we source and steered the supplier system toward higher standards and
comprehensively evaluate equipment purchase price operating energy consumption maintenance and disposal costs choosing sustainable development.low-carbon low-cost equipment for the long term.Energy-saving shelf design: We have precisely designed the arrangement of shelving along with the dimensions and heights of Yellow Crane Tower Distillery hosted a Quality Training Session for packaging
bays and storage slots of the intensive packaging material warehouse in the Intelligent Industrial Park to match operational needs material suppliers
and reduce ineffective equipment movements and operating time thereby lowering energy consumption.Conveyor energy-saving configuration: A dual-main-artery zoning design for conveyors is employed and lift-and-transfer units
are added to create smaller loops and shorten pallet travel distances. Conveyors are equipped with an automatic sleep function
activating sleep mode immediately after pallet passage to reduce energy use and extend equipment life. The bottle buffer area uses
a dual-accumulation start design operating only after two pallets have accumulated improving conveying efficiency and achieving
energy saving and consumption reduction.Intelligent inventory management system: We use an intelligent system to monitor the storage location and quantity of goods
in real time and automatically dispatch handling equipment for precise storage and retrieval thereby reducing the number and
duration of equipment operations. The system also monitors and analyzes equipment operation status in real time to ensure
efficient and energy-saving performance.Vertical shelves in the intensive warehouse Gujing Distillery hosted special training for suppliers74 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 75
Building a Clean Supply Chain Deepening Domestic Cooperation
We always prioritize integrity in professional conduct taking a multi-dimensional end-to-end approach to ethics education and risk prevention We have signed industry-university-research cooperation agreements with universities to accelerate the transformation of technological
and control. We have continuously strengthened the ideological defense line against corruption and established an internal-external innovations. Together with partners we have built green planting bases to solidify the raw grain supply foundation for the baijiu industry
collaborative integrity control system. achieving win-win cooperation across the industry chain. We have actively participated in various industry conferences and development forums
sharing practical experience and jointly exploring paths for industry development. We have also showcased at international expos to expand
cooperation space and pool industry development forces with an open and cooperative attitude to empower and enhance the high-quality and
sustainable development of the baijiu industry.We sign a Code of Conduct for Good Faith Business with suppliers to build and strengthen a
"close and clean" manufacturer-supplier cooperation relationship. In 2025 the signing rate of
Integrity the Integrity Commitment Agreement by suppliers reached 100%. In the meantime adhering
management to the principle of "prevention first" we before important holidays conducted hierarchical and
graded honest reminders and organized the signing of the Notification on Clean Conduct building
a "firewall" for the Company at the contractual and institutional levels.We have revised the integrity risk prevention and control registration forms and flow charts
in line with operational realities precisely strengthening process management. We have also
continuously enhanced personnel-post interactions. In 2025 a total of 142 key personnel Risk prevention and Relying on its Grain Research Institute Quality Research Institute Chinese Baijiu Gujing Distillery signed a tripartite cooperation agreement with Anhui Provincial
rotations were completed. Through position rotation we effectively blocked the risk of corruption control Healthy Research Institute and Key Laboratory in Anhui Province Gujing Distillery Agricultural Reclamation Group Co. Ltd. and Qiaocheng District Agricultural
and ensured no blind spots in prevention and control. successfully held the 2024 Annual Meeting of the "Three Institutes and One Investment Company to jointly promote the optimization and upgrading of the raw
Laboratory." grain supply chain.We organized study sessions on typical violation cases and screened educational videos such as
Combating Petty Corruption with Great Efforts based on the "Three Meetings and One Lesson"
system. In 2025 a total of 397 Party members and management personnel were organized to Integrity publicity
and education visit Bozhou Detention Center and Party Conduct and Clean Governance Education Center. By using case-based warnings and lessons we have guided employees to deeply understand the
serious consequences of violating discipline and laws and effectively build a solid ideological line
of defense against corruption and moral decline.Gujing Distillery hosted the First Herbal Fermentation and Nutrition Summit Forum Gujing Distillery participated in the 23rd China International Alcoholic Drinks Expo.in 2025.Equal Treatment of SMEs
We strictly implement the Regulations on Ensuring Payment of Amounts Owed to SMEs. By optimizing settlement processes and shortening
payment cycles we effectively ease the financial pressure on SMEs. Under equal conditions we give priority to SME suppliers with professional
advantages supporting the coordinated development of the upstream and downstream industry chain.Industry Communication and Exchange
We have continuously deepened domestic and international exchanges and cooperation promoted coordinated industrial development actively
participated in the formulation of industry standards helped build a scientific and complete baijiu standard system systematically deepened the
international influence of Chinese baijiu culture and made Chinese baijiu a global language.Standard-setting
As a leading enterprise in the baijiu industry we have been deeply involved in multi-level standard-setting translating our hands-on experience
into general industry norms. In 2025 Gujing Distillery continued to make strides in standardization. It led/participated in the drafting of one
national standard and one group standard further consolidating and enhancing baijiu's market influence. Gujing Distillery exhibited at the 2025 International (Bozhou) TCM Expo and the 41st National (Bozhou) TCM Trade Fair.76 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 77
Enhancing International Exchanges Health and Safety
We steadfastly pursue an internationalization strategy broadening global exchanges and cooperation with an open stance and continuously
expanding the international influence of our brand. As of 2025 Gujing Distillery products have successfully entered nearly 40 countries and In strict accordance with the Work Safety Law of the People's Republic of China the Law of the People's Republic of China on the Prevention
regions across six continents—Asia Europe North America South America Africa and Oceania—initially establishing a wide-covering and and Control of Occupational Diseases and the Group's Work Safety Management System we have continuously improved our work safety
diversified international market system. management system effectively prevented safety risks rectified potential hazards and continuously enhanced the safety competency of both
employees and contractors thereby building a solid safety foundation for the Company's high-quality development.In terms of deepening international cooperation we have continuously strengthened strategic synergy with core overseas distributors and
leveraged local channel resources to achieve in-depth market development and brand penetration. We have also actively explored cross-border
cooperation and reached a strategic cooperation with the internationally well-known liquor group Camus in France. We jointly invested in the
establishment of the "Guqi Whiskey Distillery" to jointly create the industry's first whiskey with unique herbal notes. The product is scheduled for
launch in 2026 marking a significant step for Gujing Distillery in international production capacity layout and category innovation. Governance
Regarding brand communication and cultural exchange we have The Company has integrated health and safety into the strategic development plan corporate governance system comprehensive risk
continuously and deeply engaged in top-tier global display platforms. management system and daily operation management and established a three-tier governance structure comprising the "decision-making
In 2025 it successfully held two theme activities on the Enterprise level—management level—execution level" with clearly defined responsibilities at each tier constructing a safety responsibility network that
Day at the China Pavilion of the Expo 2025 Osaka. So far our brand covers all aspects horizontally and vertically.has joined hands with the World Expo for six consecutive sessions
and has become one of the Chinese baijiu brands with the highest Organization Personnel Composition Scope of Authority Work Tasks and Objectives
frequency of appearance on the World Expo stage. Additionally the
Company has actively participated in overseas visits with industry
The Chairman as the The highest decision-making body responsible associations successively participating in international exhibitions for health and safety strategy formulation
such as the SEOUL FOOD 2026 in South Korea and the Serbian Spirits Decision- director and senior
Making Level Work Safety Committee executives and center performance evaluation and risk management Expo. Through these activities we have not only deepened industrial with clear authorization to set workplace safety
exchanges and expanded our global vision but also consistently directors as members. goals.conveyed the brewing wisdom and cultural charm of Chinese baijiu to
the world helping Chinese baijiu culture move onto the international Gujing Distillery successfully held a themed activity on the Enterprise Day at the
stage. China Pavilion of the Expo 2025 Osaka.Responsible for transforming the health and safety
strategy into an organizational management
Directly led by senior and service support system; coordinating cross-
Management Safety Management Leading Group (led by management with the departmental employee health and safety affairs; Level the General Manager) participation of all center and incorporating safety performance indicators directors. into the assessment system of the heads of
each unit to achieve a rigid link between safety
responsibilities and business responsibilities.The person-in-charge of the Responsible for aligning with national laws and
Safety Committee Office Emergency Management regulations organizing the formulation of the
(located in the Emergency Center and professional Company's work safety policies objectives and
Management Center) safety management plans; conducting compliance supervision over
personnel. subordinate centers and production sites.Execution
Level
Responsible for the concrete implementation
Directors of each business of work safety in their respective departments; Heads of each center subject to assessment by the General Manager and
and production unit center and heads of
production workshops the Leading Group; and accountable for health and safety performance within their management
entities.Strategy
We have deeply integrated safety and occupational health into our long-term corporate development plan. Adhering to the principle of "safety
first prevention foremost comprehensive management" we have implemented a meticulous refined and precise approach to safety deeply
practiced the supervision-and-service model of "Two Frontlines" (frontline problem-solving and frontline management) and built a risk
Gujing Distillery participated in the SEOUL FOOD 2026 in South Korea. prevention system characterized by "professionalization intelligence and multi-dimensional integration."78 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 79
Likely Impact Safety risk prevention and control
Risk
Type Risk Type Impact Value Chain Business or Response Focusing on the core requirements of work safety risk prevention and control we have supported various preventive measures with dedicated
Period6 Impacted Financial Impact funding deepened the graded control of safety risks and the establishment of a dual prevention mechanism and built an all-around work safety
defense line.Set up specialized management
Risk of major hazard teams for real-time control; use
installation accidents: surveillance drone patrols and
The damage to other methods to monitor high-risk
Baijiu production involves core liquor assets operations in real time; dynamically We have fully established a dual prevention mechanism for both the identification management and control of
high-risk areas such Short-term will interrupt update hazard identification and Deepening safety risks and the investigation and remediation of potential hazards. In 2025 the Company organized annual job
Physical as liquor storage dust medium- Self-operation market supply implement graded control; risk hazard identification work and a total of 23136 safety risks of hazards were identified. Based on risk levels the
Risks explosion-prone zones to-long downstream resulting in huge
and confined spaces. Establish a "routine + special + identification Company redrew the plant's "Four-Color Map" and control table achieving quantitative management and accurate term asset impairment
Once out of control it seasonal" normalized inspection notification of risks.and damage to
is likely to cause major mechanism; engage third-party brand premium.accidents such as fires and professional service agencies for
deflagrations. safety diagnostics leveraging external expertise to compensate
for internal gaps.
6 Impact time: Short-term: less than 1 year; Medium-term: 1-5 years; Long-term: more than 5 years. For high-risk working environments the Company has set up four specialized management teams for related Focusing on parties drone patrols hot work and confined spaces with dedicated personnel assigned. Throughout the year we
key areas monitored 845 confined space operations and 7371 hot work operations and rectified 127 violations.Likely Impact
Opportunity Opportunity
Type Description Impact Value Business or Financial Response Measures
Duration Chain Impacted Impact
Cutting-edge Expand the application of drones and For key areas such as gas electricity special operations confined spaces and dust explosion-related areas 33
technologies such as intelligent prevention and control Conducting special inspections were carried out throughout the year and a total of 401 potential hazards were investigated
drones and intelligent Reduce the cost of technologies; explore intelligent with a rectification rate of %.monitoring can manual inspections; monitoring and early-warning
thorough 100
Opportunities potential hazard
empowered significantly expand the Medium Self-
significantly reduce systems to improve the intelligent
potential financial and all-round level of control; investigations Third-party service agencies were engaged to assist in risk identification and potential hazard investigation and
by technology scope of prevention and term operationcontrol and achieve the impairment caused by promote the extension of potential
remediation. In 2025 298 potential safety hazards were identified in Gujing Distillery's headquarters and branch
digital transformation accidents through early hazard investigation from the
subsidiaries ensuring no blind spots.of potential hazard warning. "ground" to the "air" and construct
investigation. a three-dimensional prevention and control network.The achievements of Reduce compensation Strengthen the prevention and provincial and municipal costs and talent attrition control of dust noise and other We have optimized the incentive mechanism of the "Snapshot for Safety" program. A total of 17890 potential
Opportunities healthy enterprises due to occupational hazards; strictly implement "one file hazard clues were collected throughout the year and 10634 potential hazards were confirmed after review.in culture and can be relied upon to Long Self- per person" health management All potential hazards were rectified in a closed-loop manner and about RMB in reward funds were
resilience optimize the working term operation
diseases; increase and annual check-ups; continue Innovating 203100
environment and protect financing premiums through the "Healthy to consolidate and upgrade the
prevention distributed fully mobilizing the safety sense of responsibility of all employees.the rights and interests Enterprise" certification. achievements of provincial/
models
of workers. municipal-level healthy enterprises. A drone high-altitude inspection system was introduced to achieve all-weather and all-round inspections.Throughout the year 443 potential safety hazards were investigated and rectified using drones greatly
improving the efficiency and coverage of potential hazard investigations in complex environments.Risk Management
The Company deeply integrates occupational health and safety risk management into the entire process of enterprise operations establishing a
closed-loop process of "identification assessment monitoring and response."
Work Safety Management
We strictly abide by laws and regulations such as the Work Safety Law of the People's Republic of China and the Law of the People's Republic
of China on the Prevention and Control of Occupational Diseases. We have formulated and issued our Work Safety Management System
and continuously improved our work safety responsibility system. We have signed work safety and fire safety target responsibility letters at all
levels completing the signing work for 26 subsidiaries and centers. We have fully decomposed work safety responsibilities at all levels effectively
assigning safety responsibility to every link every post and every employee. We encourage all business partners including suppliers distributors
and outsourced contractors to comply with the Company's safety rules extending safety standards across the entire value chain to ensure safe
production. Gujing Distillery conducted an emergency drill for raw liquor leakage.80 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 81
Safety Education and Training
We have always emphasized the cultivation of a safety production culture and sense of responsibility among employees and established a
systematic and standardized mechanism for improving safety competency. In accordance with laws regulations and job characteristics we have Completed annual occupational health check-ups for 1949 employees and established "one file per person." No occupational
built a comprehensive work safety training system covering courses such as electrical safety and hazardous operations. We have deepened "Work diseases or contraindicated cases were identified this year.Safety Month" activities combining diverse educational and promotional efforts with practical drills to comprehensively enhance employees'
safety awareness and emergency response capabilities. In 2025 we conducted 57 company-level safety training sessions with 3041 participants
including 47 professional knowledge sessions (2672 participants) and ten special sessions for new employees (369 participants) achieving a Provided free health check-ups for employees achieving 100% coverage.
100% three-level safety training rate for new employees.
Equipped the infirmary in the Intelligent Industrial Park with 12 AED devices arranged a "green channel" for employees to
access medical services and conducted 373 "Health Services at the Grassroots" activities.Organized the "Renowned Doctors Enter Top Enterprises" initiative and free clinic events invited experts from the Chinese PLA
General Hospital Anhui Provincial Hospital the First Affiliated Hospital of Anhui Medical University and others benefiting more
than 2000 employees.Focused on regular occupational health development by conducting various special training sessions. In 2025 eight special
training sessions on dust high temperature noise coal dust etc. were held with more than 1500 trainees.Gujing Distillery organized a safety lecture training for the third cohort of Gujing Distillery organized safety management training for teams.management trainees in 2025. CASE Gujing Distillery Held a Series of Activities During the 2025 Occupational Disease Prevention Law Publicity Week
In April 2025 Gujing Distillery under the theme "Caring for Workers'
Mental Health" held a series of activities for the 2025 Occupational
Disease Prevention Law Publicity Week. Through interactive quizzes
mental health and occupational protection knowledge were
integrated in such activities. The event comprised three knowledge
quiz sessions attracting nearly 2000 employees and popularized
occupational health knowledge through interactive experiences.Gujing Distillery organized post-resumption safety training. Gujing Distillery organized three-level safety education and training for relevant
personnel in the Brewing Department IV. Gujing Distillery held the 2025 Occupational Disease Prevention Law Publicity Week
event.Occupational Health Management
We have established systems such as the Occupational Health Safety Management of Contractors
Management System and the Occupational Health Management
Manual and set up an Occupational Health Office to build a We are committed to building a safety defense line across the entire value chain. For contractors we have formulated special policies such as
health protection system centered on "prevention first dynamic the Measures for Outsourcing Management of Anhui Gujing Distillery Company Limited (Trial) and the Notice on Strengthening the Safety
monitoring." We regularly engage third-party agencies to conduct Management of Related Parties. We also issued the Notice on Clarifying the Safety Management Responsibilities of User Units. Following the
occupational hazard status evaluations across nine dimensions management principle of "who sponsors who is responsible" and "who receives who is responsible" project undertakers shall be responsible
including occupational hazard control facilities on-site management for integrating contractors into their own safety management systems for full-process supervision.and health surveillance and have consistently received the highest
A-grade rating. We carry out regular science popularization and At the access stage we define access conditions strictly conduct bidding reviews verify qualifications and specify safety responsibilities in
thematic activities to promote mental health knowledge creating contract signing. At the operational stage we establish contractor information ledgers and problem-checking ledgers conduct daily safety
a healthy safe and harmonious working environment. During the inspections covering personnel information health status operational behavior and safety protection measures and regularly organize
reporting period the Company obtained the ISO 45001 Occupational safety training and emergency drills for contractor personnel to enhance their safety management awareness proactive safety capability and
Health and Safety Management System certification. standardization level of construction operations. We supervise and assess contractor safety performance and urge closed-loop rectification of
issues effectively curbing high-risk operational violations by contractors.Occupational Health and Safety Management System
Certificate In 2025 we thoroughly screened and reviewed 31 outsourced contractors and established dynamic information management files achieving full-
process control.82 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 83
Metrics and Targets Indicator Unit 2023 2024 2025
In 2025 the Company achieved its safety and occupational health targets with no major production safety accidents and no litigation cases Number of lost workdays due to work-related injuries Days/RMB 1 million
related to production safety or occupational health. per RMB 1 million in revenue in revenue 0.07 0.13 0.13
Coverage rate of occupational health check-ups % 100 100 100
Health & Safety Targets Achievement Status in 2025
Expenditure on employee physical check-ups RMB 10000 494.67 537.76 480.63
No work-related fatal accidents no major mechanical equipment accidents no traffic fatal Achieved Expenditure on occupational health check-ups RMB 10000 / / 23.58accidents no fires and no flood disasters.Newly added occupational disease cases Case 0 0 0
No production safety accidents among contractors. Achieved
Coverage rate of occupational health files % 100 100 100
Equipment and facilities operate normally and project construction complies with the "Three Coverage rate of safety risk protection training % 100 100 100
Simultaneities" safety system. Achieved
Coverage rate of work-related injury insurance % 100 100 100
100% of special equipment operators hold valid licenses. Achieved
100% qualification rate for related party qualification reviews. Achieved
Information Security
100% completion rate of potential hazard investigation and remediation. Achieved
We have strictly complied with the Data Security Law of the People's Republic of China the Personal Information Protection Law of the
People's Republic of China and other relevant laws and regulations. Through the dual drivers of "technical prevention and control" and
No occupational disease cases. Achieved "compliance management" we have comprehensively protected the security of the Company's trade secrets customer information and
employees' privacy.We have continuously strengthened our information security protection system construction. By deploying the terminal security management
system and the "Zero Trust" system we implement standardized control over the entire process of network access and terminal access building
a solid security perimeter for terminal access. Leveraging a situational awareness platform and host security protection systems we monitor
Health and Safety Indicators the internal and external network security environment and the security status of critical business system servers in real time comprehensively
enhancing our cybersecurity risk perception and detection capabilities. We conducted special training for all personnel on the theme of "Building
a Strong Cybersecurity Defense Line and Raising Awareness of Fraud Prevention." During the China Cybersecurity Week we used electronic
Indicator Unit 2023 2024 2025 screens to promote cybersecurity awareness and disseminate cybersecurity knowledge widely.In 2025 the Company successfully completed the Classified Protection Level 3 system assessments for seven core systems including the "Official
Investment in work safety RMB 10000 1529.44 1037.87 1390.83 Website System" and "Email System" further consolidating the security and compliance foundation of our core business systems. During the
reporting period the Company experienced no major cybersecurity incidents and no major information or data leaks. For the three information
Number of safety production training sessions Session 1739 2960 2985 security notifications received all were investigated and properly addressed promptly ensuring risk closure.Total hours of safety training Hour / / 5471.7
Number of person-times participating in work safety
training Attendance 104412 183727 180636
Coverage rate of work safety training % 100 100 100
Work safety accidents occurring in the workplace Case 0 0 0
Work safety accidents occurring among contractors Case / / 0
Rectification rate of potential safety hazards % 100 100 100
Total number of work-related injuries and deaths Person 0 0 0
Fatality % 0 0 0
Gujing Distillery Data Management Capability Level Certificate
Number of working days lost due to work-related
injuries Day 1508 2979 244584 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 85
Employee Development Employee Rights and Interests
We fully respect and protect the legitimate rights and interests of our employees. We deeply integrate human rights protection into corporate
Employees are the core driver for corporate sustainability. Guided by the philosophy that "talent matters more than products and growth governance production and operations and corporate culture. Guided by principles of legal compliance fair employment dignified work
outweighs success" we remain committed to a talent-driven development strategy. We have continuously improved our talent recruitment diversity and inclusion and transparent accountability we strictly abide by relevant national laws and regulations. We comprehensively
and development systems safeguarded employee rights and benefits strengthened democratic management and persistently fostered a implement the prohibition of child labor prohibition of forced labor opposition to employment discrimination and protection of employees'
harmonious safe and respectful working environment. In 2025 Gujing Distillery had a total of 13596 employees with a turnover rate of 4.21% rights to rest and leave fair remuneration occupational health and democratic participation. We are committed to building an equal respectful
below the industry average; the employee satisfaction was 93% at Yellow Crane Tower Distillery. safe healthy harmonious and stable workplace forging synergy for employee development and injecting sustained and robust endogenous
momentum into the Company's high-quality development.We conduct regular risk identification and review in key areas such as recruitment compensation and benefits labor protection and employee
Composition of Employees of Gujing Distillery care. Through measures including improving internal control management systems standardizing employment practices strengthening supervision and auditing and maintaining open communication and feedback channels we have ensured the protection of all employees'
legitimate rights and interests and continuously enhanced our human rights management level and governance effectiveness.Indicator Unit 2023 2024 2025
In 2025 the Company's labor contract signing rate and social insurance coverage rate were both 100% and there were no major human rights
Total number of employees person 12969 13453 13596 violations or related negative public incidents.Among them male employees person 9985 10434 10602 Fair Employment
Female employees person 2984 3019 2994 We strictly comply with the Labor Law of the People's Republic of China the Labor Contract Law of the People's Republic of China the Law
of the People's Republic of China on the Protection of Women's Rights and Interests the Law of the People's Republic of China on the
Proportion of female managers (middle and senior
levels) % 8.24 8.10 12.50 Protection of Persons with Disabilitie and other applicable laws and regulations. We have formulated documents such as the Human Resources
and Employment Management System to standardize the procedures for employee recruitment review assessment and hiring. We treat
Number of employees with disabilities person 88 93 88 employees of different ethnicities genders ages religious beliefs and cultural backgrounds equally. Any form of workplace harassment or abuse
is strictly prohibited by us. We pay attention to employee privacy protection and conclude perform amend terminate or cancel labor contracts
Number of newly recruited employees during the with employees in accordance with the law.reporting period person 1758 1573 665
Compensation and Benefits
Employee Distribution of Gujing Distillery in 2025 (Unit: Person) We have established a fair and reasonable compensation and benefits system implementing the philosophy that "steamed buns are for those
who can work and positions are for those of good character." Guided by the job-value-oriented principle we prioritize efficiency while taking
By age structure fairness into account enhance the external competitiveness of compensation and tilt towards key positions core talent and technical experts
and our employees' salaries are always paid on time. Based on the cornerstone of "comprehensive protection" we have built an "eight insurances
Aged 50 and above Aged 41-49 Aged 31-40 Aged 30 and below and two funds" system established a multi-level all-round welfare protection system and made full social security contributions. We protect
employees' rights to rest and leave in accordance with the law and implement paid annual leave and parental leave further strengthening
employees' sense of belonging happiness and fulfillment.Democratic Management
2063222354723838
We have continuously smoothed the channels for democratic management improved the operating mechanisms such as the factory affairs disclosure
system and the employee representative congress system and fully mobilized the enthusiasm and initiative of employees to participate in democratic
management. We prioritize the disclosure of factory affairs and have established a dedicated body and implemented a five-level disclosure system at
By educational background the levels of centers subsidiaries departments workshops and teams. We have promoted the standardization of employee representative congresses
Master's degree and above Bachelor's degree Associate degree or below institutionalization of democratic consultation and dialogue deepening of employee proposal handling and mechanization of collective wage
bargaining enhanced employees' ability to participate in democratic deliberation and increased the transparency of various decisions. In 2025 511
staff representatives of the Employee Representative Congress participated in political discussions and a total of 216 employee proposals (suggestions)
were processed with a 100% response rate and no labor disputes occurred throughout the year. The innovative case entitled Building Harmonious
Labor Relations with ‘Four Degrees and Four Haves' was selected as one of the top ten outstanding innovation cases of the Anhui Federation of Trade
Unions and the case Harnessing the 'Her' Power of Executive Committee Members: Fulfilling Duties with Commitment and Accountability was
260 4634 8702 recognized as one of the "Top Ten Best Practices" in the performance of duties by the Bozhou Women's Federation Executive Committee.
By gender By region
Male Female Bozhou region Others
10602299480925504
Employee Representative Congress86 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 87
Talent Cultivation Employee Vocational Training
We have strengthened talent development and echelon building continuously enriched our training system established diverse career Aligned with our corporate strategic development needs and tailored to the growth characteristics of diverse talent groups we have built
development paths expanded space for employees to realize their self-worth and stimulated employees' vitality and enthusiasm achieving a comprehensive multi-tiered and highly targeted talent development system. Under our "1321" talent development framework we have
mutual growth for employees and the Company. actively implemented key programs such as the "Seedling Program" the "Inheritance Program" and the "Lighthouse Initiative." Through
diversified training measures and a sound development mechanism we have continuously improved employees' professional competence and
comprehensive capabilities empowering all types of talent to precisely support business growth thereby laying a solid talent foundation for the
Company's strategic execution and sustainable development.Increasing Talent Introduction Gujing Distillery's "1321" Talent Development Framework
We attach great importance to talent introduction and adhere to recruitment principles of openness fairness and impartiality as well as job-
person fit and competence-position alignment in the implementation of all recruitment activities. Focusing on core business needs we have Skills Training Platform Designed to cultivate skilled personnel
targeted renowned universities to precisely recruit high-end talents in fields such as brewing machinery and computing. We have actively First-class
promoted social employment through campus recruitment headhunting and social recruitment and successfully hired 665 people throughout 1 Training Management Training Focused on developing various types of managerial and the year providing talent support for the Company's high-quality development. Platforms Platform professional talents
Online Training Platform Aiming to build the Gujing knowledge management system
Facilitating Career Paths Instructor Management Enabling internal instructors to promote mentoring and
System knowledge transfer
We have striven to build clear Three Key
career development paths Training Curriculum Management Continuously refining and updating training courses while
covering multiple sequences Employee Career Development Paths (Interconnected) 3 Support System integrating internal and external resourcess u c h a s m a n a g e m e n t Systems
technology and business. We Management Digital intelligence- Baijiu skills path
have implemented the "Two channel
Baijiu technical path enabled professional path Qualification System Implementing qualification-based training and evaluation
Pools and Two Paths" project
adhering to competency Senior management Consultants and senior
(Assistant GM Deputy GM) consultants
and performance as core
evaluation criteria. Through Two Major Ladder Program
Management track Technical track Marketing track
open selection processes Middle management Technical experts Chief digital intelligence Chief technicians Talent
a n d o t h e r s t a n d a r d i z e d (Assistant Director Deputy Director) (junior intermediate and senior) engineers 2 Development Skill enhancement classes for versatile shift and team leaders
procedures we ensure that Senior digital intelligence Special-grade Programs Foundation Program specialized training programs for automation talent vocational
outstanding talents can stand Frontline management engineers techniciansResearchers skill level certification training and assessments and theoretical
(Supervisor Deputy Manager and
out. Meanwhile the Company Manager) (junior intermediate and senior) Experienced digital and practical qualification trainingSenior technicians
has continuously provided intelligence engineers
abundant training resources Staff Technicians Digital intelligence
and mentorship mechanisms (levels 1-5) (levels 1-5) engineers
Technicians
A Comprehensive
to support employees in Junior/intermediate/ Set of Talent All-Round Learning
enhancing their professional senior workers 1 Development Credit Management On-the-job training credits full-time learning credits reward skills and comprehensive New employees/apprentices Management System credits and penalty credits
qualities. Mechanism
Keywords of Gujing
Establish the "Two Pools": Select technical personnel who embody craftsmanship spirit calmness and the pursuit of perfection
to enter the "Craftsman Pool"; select management personnel with creativity passion and courage to take action to enter the "Elite
Pool."
Open up the "Two Paths": For management-oriented talents open up the management path from staff to senior management.For skill-oriented talents open up the baijiu technical path from technicians to senior consultants the digital intelligence-enabled
professional path from digital intelligence engineers to chief digital intelligence engineers and the baijiu skills path from junior
workers to chief technicians.Gujing Distillery training in the "master-apprentice" talent development model New employee training of the Sales Company
Technical and skilled talent path
Managcment Talent Development
Channelhannel88 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 89
Building of Our Industrial Workforce
We focus on the core tasks of reforms in the building of our industrial workforce and adhere to the strategy of "developing our company with
Centering around the four-fold roles of frontline managers as experts doers coaches and demonstrators talents." Guided by the "spirits of model workers of labor and of craftsmanship" we have built a full-chain development system of "ideological
we have developed a "1+2+3+4" empowerment-based training/development model. The guidance + platform building + skills enhancement" and deeply integrated reforms in the building of our industrial workforce with the Company's
Frontline Company has conducted a total of eight sessions of special training on work ethic and management high-quality development.formed nine personalized learning modules produced 83 frontline management practice cases based managers on learning outcomes put forward a total of 150 suggestions across the four major ecosystems (broad
market broad production site broad organization broad value chain) and selected 15 outstanding Strengthen ideological guidance and lay a solid foundation for the craftsmanship culture
recommendations.Through the "Role Models in the Workplace" campaigns and "Model Workers and Craftsmen Entering Workshops and Campuses"
series activities we share the inspiring stories of advanced role models creating a strong atmosphere of respecting and learning
from advanced individuals. We have deepened the construction of innovation studios for model workers and craftsmen. Leveraging
the "Gujinggongjiu · Nianfenyuanjiang Craftsmanship College" platform we successfully applied for a key support project of the
All-China Federation of Trade Unions (approved by the Anhui Federation of Trade Unions) creating an important base for "master-
apprentice mentoring and skill inheritance." During the year three employees were named "Bozhou Craftsmen" one was named
The Company launched the "Seedling Program" which focuses on improving young employees in both "Bozhou Master Mentor" and one studio was selected as a "Bozhou Model Worker and Craftsman Innovation Studio" achieving
ideological quality and professional capabilities. Within the Company we have carried out ideological substantial breakthroughs in craftsman echelon building.Young education role model sharing and corporate culture promotion. Externally courses such as Hou-Ren-Sou (Report Contact Negotiate) have been introduced. We have organized a total of training
employees 107sessions and 9 symposiums supplemented by product presentation contests simulated job competition
contests and debate competitions comprehensively strengthening the overall competence and practical Building competitive platforms to stimulate the vitality of all employees to improve their skills
abilities of young talents.We have built a normalized platform for skills improvement through "daily training and skills competitions." Focusing on industry
characteristics and emerging fields we hosted traditional events such as the municipal forklift skills competition and the biological
fermentation engineering vocational skills competition. We innovatively organized the municipal vocational marketing skills
competition and the provincial information technology skills competition. For the first time we hosted the municipal Red Cross
Centered on "intelligent manufacturing" we have built a "four-tier progressive training-practice emergency first aid competition and won a provincial third prize (group). We successfully held the 2nd "Nie Guangrong Cup" Employee Skills Competition featuring competition items covering brewing quality inspection logistics and other areas
Automation integrated" development system. Through mechanisms such as small-group rotational training credit 129with participants increasing by % year-on-year. This competition was hosted to comprehensively test employees' professional
talents certification integration of training and practice and industry-academia collaboration we have multi- 23
dimensionally enhanced the hands-on capabilities of automation talents. skills form a virtuous cycle of "Competing to Learn Learning to Practice" and inject strong momentum into the reform of the industrial workforce.Promoting innovative practices to empower the reforms in the building of the industrial workforce
To activate the performance and personal initiative of frontline marketing managers and to foster
Marketing a healthy atmosphere of emulation catch-up and collective improvement the Company organized We innovatively launched the "Golden Ideas" collection campaign on the theme of "Strict Economy Energy Conservation and
talents specialized capability enhancement training for marketing managers reaching 2540 frontline sales Emission Reduction" focusing on process optimization energy consumption control and other areas. A total of 103 improvement
personnel. suggestions were collected and 12 outstanding cases were selected for promotion. This has driven the deepening of workforce
reform from "institutional implementation" to "frontline innovation." Driven by the dual engines of "skills competitions + innovation
practice" the professional competence of the Company's industrial workforce has continuously improved with the proportion
of highly skilled talents increasing by 8.7% year-on-year providing solid talent support for the Company's transformation and
upgrading.To effectively implement the "Three Excellence Initiative" and the strategy of "empowering corporate
Technical intelligent development with master artisans and experts" the Company held three sessions of lectures
talents delivered by technical quality experts and consultants with 577 person-times participating.Indicators Unit 2023 2024 2025
Investments in employee training RMB 10000 275.57 660.01 595.15
Number of hours for employee training hour 381195.00 620713.09 566976.12
Number of employee training person-times (in 10000 person-times 34.70 44.27 35.15 Hosting the 2025 Bozhou Marketer Vocational Skills Competition Holding the 2nd "Nie Guangrong Cup" Employee Skills Competition and the All-
Staff Training and Competition90 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 91
Care for Employees
We truly care about employees' lives advocate a balance between their work and life and care about female employees retired veteran cadres
and employees in difficulty. We have organized a rich variety of cultural and sports activities fostered a positive and uplifting cultural life
atmosphere and striven to create a warm workplace environment for employees.Caring for and Visiting Employees
Upholding the fine tradition of going into communities to communicate the Party's lines and policies carry out research and studies address
people's complaints and conduct field work we remain committed to the "Three-Listening and Three-System" and frontline work approaches
demonstrating genuine care for frontline staff employees in need and retirees. We have regularly carried out activities including the delivery of
health in spring coolness in summer education assistance in autumn and warmth in winter as well as health checkups quarterly major illness
medical assistance and door-to-door services. We have also organized rehabilitation and recuperation trips and offered free health checkups Carry out activities on "delivery of coolness in summer" Hold a health outreach event
for all employees. Experts from renowned hospitals have been invited to deliver on-site lectures and provide voluntary medical services for
employees through initiatives such as "Renowned Doctors Enter Top Enterprises" "Free Clinic with the Party in Mind" and "Receiving Sanfutie
to Treat Winter Diseases at the Height of Summer." With genuine care empathy and unwavering commitment we strive to address the pressing
difficulties anxieties and expectations of our employees. Caring for Female Employees
We have carried out signature services such as the "Women's Homes"
Data Highlights "Mental Wellness Stations" and "Youth Night School." We have
2025 regularly organized activities including the "Career Women Lecture
Series" "Women's Outreach Campaigns" and "Sharing Fine Liquor
for a Happy Life" salons and provided breast and cervical cancer Assistance for employees in difficulty: RMB 1.2 million invested screenings for female employees. We have shown care and concern
for them during menstruation pregnancy perinatal and lactation
Employees in difficulty supported: 51 individuals periods. We held the launch ceremony of the Three-Year Educational
Assistance Action Program of "Gujinggong's Dream Fulfillment for
Households of employees in difficulty assisted: 160 ‘Anhui Girls' & the "Beautiful Promise in Anhui: Blessed to Have You"
2025 Hundred-Couple Collective Wedding and have hosted seven
"Delivery of health in spring"—Wind-Expelling and Detoxifying Capsules distributed valued at RMB 1111800 youth social events serving over 300 single young people and carried
out four lectures themed "Professional Women in Anhui" to give care
"Delivery of coolness in summer"—Summer relief supplies for frontline staff valued at RMB 313400 services to female employees. In 2025 we were awarded the honorary title of "National March 8th Red-Banner Collective." Open a Mental Wellness Station for Women
"Delivery of education assistance in autumn"—Scholarships and grants totaling RMB 815000 awarded to 101 students
"Delivery of warmth in winter"—New Year and Spring Festival gifts of sympathy for employees in difficulty and model workers Enriching Cultural and Sports Life
valued at RMB 192000
We enrich employees' lives with rich cultural and sports activities. We held a series of special cultural and sports activities such as Spring Festival "Three Festivals" member gifts: total value RMB 12805500 cultural performance "Celebrating the Lantern Festival" "Celebrating May Day" and "Celebrating National Day" carried out the "Scholarly
Gujing" reading sharing activity and sent teams to participate in the municipal May Day employees' choral competition etc. to further enhance
"Door-to-Door Services": 316 employees visited with condolence payments totaling RMB 182000 the cohesion and combat effectiveness of our employees. In the 6th China (Bozhou) International Health Qigong Exchange Competition in 2025
the Company's representative team won the first prizes in both the group and individual events. Representing the Anhui Federation of Trade
Unions they also participated in the National Employees' Work-break Qigong Baduanjin Competition and achieved the best historical result.Extend care and appreciation to frontline employees Show care for retirees Gujing Distillery participated in the 6th China (Bozhou) International Health Qigong The Gujing Distillery representative team on behalf of Anhui Province participated
Exchange Competition and the Wuqinxi Competition during the 3rd National Health in the Baduanjin competition held during the "National Employees' Work-break
Qigong Tournament and Exchange Exercise Competition and Guozhuang Dance Exchange & Performance."92 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 93
Contributing to Society Consumption assistance
We fulfill our corporate responsibility and sense of mission through dedicated contribution. We go all out to benefit the people's livelihood Organized employee purchase of agricultural products such as grapes and sweet potatoes totaling RMB 1296200
relieve their difficulties and solve their worries. We sincerely promote rural revitalization cooperate with communities in local construction for the year.and enthusiastically engage in public welfare and charity. We take practical actions to promote social harmony and ensure that the fruits of
development benefit all people more fairly. Utilized the Company's resources and media platforms to promote the sales of specialty agricultural products such as the
"Yongchang Gift Package" featuring pears as the main ingredient and the "Four Treasures of Yangzhuang" (small peppers
sweet potato vermicelli sweet potato starch and lotus roots).Paying Taxes in Accordance with the Law
Gujing Distillery strictly implements various tax policies and regulations and adheres to paying taxes in good faith in accordance with the law.In 2025 Gujing Distillery paid RMB 7.316 billion in taxes and fees which contributed to the construction of public undertakings such as science Organizational assistance
education culture and health promoted local economic development and social stability and served the goal of achieving common prosperity.Dispatched three village officials to work in Yongchang Community Gongdian Town Lixin County where in 2025 the
collective economic income exceeded RMB 20 million.Rural Revitalization
We actively serve the national rural revitalization strategy for which we established a poverty-alleviation work leading group led by Liang Jinhui
Secretary of the Party Committee and Chairman of the Board of Directors. We have provided targeted assistance to three administrative villages
(Yanglou Bali and Wuma Villages) in Wuma Town Qiaocheng District Bozhou City and Yongchang Community in Gongdian Town Lixin County Education assistance
further consolidating and expanding the achievements of poverty alleviation effectively connecting them with rural revitalization and earnestly
promoting the implementation of poverty-alleviation work. Conducted educational donations and jointly established the "Gujinggongjiu · Nianfenyuanjiang Charity Fund" with the
Leading Group Office of Project Hope in Bozhou City to help children pursue their studies.Data Highlights
2025
An annual investment of RMB 8.3 million in rural revitalization
Purchase of specialty agricultural products worth RMB 1296200 for rural revitalization
Financial aid of RMB 275000 for impoverished students under rural revitalization
Helped 125 poverty-stricken households out of poverty
Benefited 54 impoverished students
Distributed RMB 815000 in scholarships and grants
Industrial assistance
Following the principles of "equality voluntariness complementary advantages and win-win cooperation" we cooperated
and co-built with Xixinan Village Huangshan City in the "Ten Thousand Enterprises Revitalize Ten Thousand Villages"
campaign and signed relevant agreements.Established the Gujinggongjiu · Nianfenyuanjiang Grain Research Institute and signed contracts with multiple large-scale
growers in Bozhou City to establish and improve standardized high-quality grain planting bases.Mingguang Liquor signed a mung bean base planting agreement with Putang Melon and Fruit Farmers' Professional
Cooperative in Jianxi Town Mingguang City.94 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 95
CASE Deepening Assistance Mechanisms to Foster Sustainable Development of Specialty Industries in Yongchang Community Outreach to the Community
Based on the village's situation Gujing Distillery has achieved a magnificent transformation of Yongchang Community in Gongdian Town which We vigorously promote the spirit of volunteerism actively integrate
was once in a development dilemma through measures such as developing contract agriculture highlighting the two characteristics of the pear into and deeply participate in the development of the localities
industry and the "Yongchang Gift Package" and promoting the integration of agriculture and tourism. It has written the Gujing answer in the and communities where we operate and foster new trends in
wave of rural revitalization with practical actions. cultural and ethical progress. We deepen the co-development of a
"National Role Model Establishment" strengthen the development
of cultural-ethical practice centers (institutes and stations) and
carry out activities such as "Civilization at the Frontline" and "Lei
Feng Day Volunteer Services." We advocate a culture of "good
Breaking new ground: The village-resident working team conducted in-depth research on the pear orchard and growers people"—Jiang Can of Gujing Distillery Sales Company received
From "Cuiguan pears" and connected with Anhui Gujing Health Technology Co. Ltd. to launch enzyme and pear drinks the "Gujing Good People" award. Throughout the year more
to "pear juice" made from Cuiguan pears. than 5100 employees of the Company participated in volunteer
activities with a cumulative participation time of 1610 hours. The
"Gu 20" Volunteer Service Corps and the "14+N" Volunteer Service
Team played active roles and our "Love-Assisted College Entrance
Examination" initiative was commended by municipal leaders. The
Company successfully passed the review for the "National Role Longrui Glass has carried out the "Respect the Elderly on the Double Ninth Festival"
activity for 13 consecutive years to promote the virtue of respecting the elderly.Based on the actual situation of Yongchang Community the village-resident working team Model Establishment."
developed large-scale contract planting of grains for Gujing Distillery's brewing to ensure the
quality of the raw grain for brewing. In 2025 Yongchang Community was awarded the title of
"Demonstration Unit for High-Quality Specialized Brewing Grain Planting of Gujing Distillery."
Exploring the way: Connected the distiller's grains processing enterprise with the local cattle farm to reach a
Contract agriculture cooperation exchanging distiller's grains for beef products; integrated local resources packaged
activates the potential specialty agricultural products such as beef Cuiguan pears Gongdian vermicelli and toona
of the land sinensis into the "Yongchang Gift Package" and used the business model of "large companies
driving small companies" and "big brands driving small brands" for integrated empowerment.Assisted the village in building its own live-streaming room used the e-commerce platform for
live-streaming sales and combined online and offline channels to expand the sales channels of
specialty agricultural products in Yongchang Community.Casting the soul:
Cultural empowerment Utilized the "Red Traffic Station" in Yongchang Community to focus on creating a high-quality
gives the countryside "Memory of Nostalgia · Harmonious and Beautiful Village" route to promote the integrated
roots and a soul development of agriculture and tourism.Yellow Crane Tower Distillery entered the community to assist in environmental governance
Public Welfare and Charity
We always practice the corporate values of "Building on Integrity Crafting Fine Liquor Upholding Self-Discipline and Benefiting
Society." We are actively committed to charity and have continuously made efforts in multiple fields such as donating to support
education disability-assistance public welfare projects helping the needy and cultural dissemination. We have vividly interpreted
the Company's social responsibility and mission and transmitted positive energy and gathered the power of goodness for society.Specifically the Company's "Golden Autumn Student Assistance" program has become a public-welfare brand with wide social
influence providing a growth ladder for students. In 2025 the total amount of the Company's public-welfare donations reached RMB
Products in the e-commerce live-streaming room of Yongchang Community The Red Traffic Station in Yongchang Community 8626300.96 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Jing” (Well) Nourishing China: Upholding Integrity Driving Innovation and Enriching Lives 97
CASE Nineteen Years of Student Assistance and Scholarship Programs Have Helped More Than a Thousand Students Realize Their Dreams CASE Longrui Glass Conducts Regular Public Welfare Services
In August 2025 the 2025 Golden Autumn Student Assistance and Longrui Glass has deepened external public welfare collaboration. In the area of child care it has worked with schools on "Love-Based
Scholarship Ceremony was held where financial aid was awarded Educational Assistance" donating over 1000 pieces of clothing and more than 2000 children's books. In the field of elderly care it has carried
to representative students receiving assistance from Project Hope's out the "Respect the Elderly on the Double Ninth Festival" activity for 13 consecutive years promoting the virtue of filial piety to the elderly
"Growth Assistance Program." At the event site the Company was innovating a dual-care mechanism that combines material support and emotional care and providing nursing home residents with daily living
awarded the honorary plaque of "Love Unit" of Project Hope in Bozhou assistance cultural performances and other services and thereby delivering its warmth as an enterprise with concrete actions.City by the Bozhou Municipal Committee of the Communist Youth
League of China and the Bozhou Youth Development Foundation.Since the launch of the Golden Autumn Student Assistance and
Scholarship program in 2007 over RMB 8.6 million has been disbursed
in assistance funds and scholarships successfully helping more
than 1600 students embark on the road to pursue their dreams of
studying.Jiang Can an employee of the Sales Company successfully donated hematopoietic Yellow Crane Tower Distillery organized an employee blood donation activity.stem cells.Emergency Rescue
We fully support all kinds of emergency rescue and disaster relief work. We have established a full-time fire brigade set up an
"I am deeply honored to receive this scholarship. It is not only a material support that relieves my financial pressure in studying but also a heavy emergency response mechanism for accidents and disasters proactively coordinated with neighboring communities in emergency
spiritual encouragement and a spur for my future endeavors. This ‘great love' and ‘universal love' are worthy of learning and inheritance by rescue operations and actively cooperated with the local authorities in emergency disposal effectively safeguarding the lives and
our younger generation." property safety of the people and helping restore normal production and daily life activities locally. In 2025 the Company carried out
6 social fire-fighting and rescue operations retrieving economic losses of about more than RMB 200000.
—Representative of the award-winning students
Gujing Distillery in conjunction with Anhui Provincial Women's Federation jointly launched the three-year educational assistance action program of "Gujinggong's Dream
Fulfillment for ‘Anhui Girls'." In the next three years it will focus on helping girls in difficult situations in northern Anhui complete their studies. Gujing Distillery participated in fire-fighting emergency rescue operations.98 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 99
03 The average tenure of directors is 9.89 years. More than 10 sessions of legal
publicity and training were carried
out."Gu" Charm in
Full Bloom Zero major accidents were achieved in risk prevention and control.Ecological Heritage for
No business bribery or
Safeguarding the Essence embezzlement incidents occurred throughout the year.of Brewing
Gujing Distillery integrates the ESG concept into the entire
chain of corporate governance promotes the coordinated
progress of social responsibility and governance efficiency with
a systematic thinking focuses on six core areas including the
governance system compliant operation risk control business
ethics protection of shareholders' rights and interests and
Party building leadership and empowerment continuously
improves the governance structure adheres to the compliance
bottom - line strengthens the risk defense line cultivates
business integrity safeguards shareholders' rights and interests
continuously strengthens the core functions and sustainable
development ability of the Company comprehensively
enhances the comprehensive competitiveness and provides
a solid guarantee for achieving high-quality sustainable and
steady and long-term development.Governance system 100
Compliant operation 103
Risk prevention and control 109
Business ethics 111
Protection of shareholders' 113
rights and interests
Party building 115
我Our们 al与ignSmDenGt with SDG100 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 101
Governance System Board of Directors and its special committees
We strictly abide by laws regulations and regulatory requirements such as the Company Law of the People's Republic of China the Securities The Board of Directors is fully responsible for the sustainable development governance of the Company conducts full discussions
Law of the People's Republic of China and the Code of Corporate Governance for Listed Companies. Through the governance structure on matters related to sustainable development and ensures the scientificity and accuracy of the Company's major decision-
composed of the Shareholders' Meeting the Board of Directors and its special committees and the management we ensure scientific decision- makings.making efficient execution and effective supervision forming a governance system where each entity performs its own duties operates in a
coordinated manner and effectively checks and balances each other fully guaranteeing the efficient and scientific operation of the company. The Board of Directors has established four special committees: Audit Nomination Compensation and Assessment and Strategy
and ESG.In 2025 we held 4 Board of Directors meetings and 9 special committee meetings.Governance system architecture
We revised systems such as the Articles of Association and the Independent Director System continuously improved the governance system Managers
and built a sound and efficient corporate governance architecture composed of the Shareholders' Meeting the Board of Directors and its special
committees and the management effectively ensuring the scientific nature of corporate governance decisions and creating long-term value for
investors. Carries out daily production and business operations in accordance with legal powers and the authorization of the Board of Directors.Organizes the implementation of the resolutions of the Board of Directors and reports work to the Board of Directors plays an active role
in "planning business implementing measures and strengthening management."
Shareholders' Meeting
Board of Directors Audit Committee Construction of the Board of Directors
The Board of Directors is a core component of the corporate governance structure bearing important decision-making and supervision functions.Strategy and ESG Committee We attach importance to the construction of the Board of Directors continuously improve its diversity effectiveness and independence and
ensure the scientific formulation and efficient execution of decisions.Nomination Committee
Diversity of the Board of Directors
Chairman Remuneration and Appraisal Committee The Company comprehensively considers the diverse composition of the Board of Directors formulates a diversity policy for the Board of
Directors based on factors such as professional experience professional skills educational background gender and age and actively organizes
diverse training and internal and external meetings to ensure that the Board of Directors has the professional skills practical experience and
General Manager diverse perspectives required for the Company's business development.The current members of the Company's Board of Directors all have profound professional theoretical knowledge and rich practical experience.Executive Deputy General Manager Their professional fields cover financial accounting marketing corporate management risk management digitalization etc. Some members
have rich auditing and risk management work backgrounds which can provide strong support for the Company's strategic planning and scientific
Deputy General Manager decision-making. As of the end of the reporting period the Company's Board of Directors has a total of 9 directors including 1 female director;
the average tenure of directors is 9.89 years.Headquarters functional departments and affiliated subsidiaries Professional competence
Name Gender Position/Responsibilities and duties Industry management Financial management
experience experience experience
Liang Jinhui Male Chairman ? ? ?
Shareholders' Meeting Li Peihui Male Director ? ? ?
Zhou Qingwu Male Director and General Manager ? ? ?
Respects and safeguards the legitimate rights of shareholders and regularly convenes and holds Shareholders' Meeting in Yan Lijun Male Director and Executive Deputy ? ? ?
accordance with regulations such as the Rules for Shareholders' Meetings of Listed Companies the Articles of Association and General Manager
the Rules of Procedure for Shareholders' Meetings of the Company.Xu Peng Male Director and Deputy General ? ? ?
Ensures shareholders' participation in the decision-making of major corporate matters stipulated by laws administrative Manager
regulations and the Articles of Association provides convenient conditions for small and medium-sized shareholders to Ye Changqing Male Director ? ? ?
participate in voting and ensures that small and medium-sized shareholders enjoy equal rights.Xu Zhihao Male Independent director ? ? ?
In 2025 3 Shareholders' Meetings were held. Li Jing Female Independent director / ? ?
Zhang Bin Male Independent director ? ? /102 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 103
Effectiveness of the Board of Directors Compliance Operation
The Company's Board of Directors is diligent and responsible operates in a standardized manner revises a number of corporate governance
systems such as the rules of procedure for Shareholders' Meeting and the rules of procedure for the Board of Directors improves the We always regard compliance operations as the cornerstone of the Company's steady development fully implement the requirements of the
implementation rules of the Nomination Committee Strategy and ESG Committee Audit Committee and Remuneration and Appraisal 2023–2025 Action Plan for Building a Law-Based New Gujing effectively ensure the Company's legal and compliant operations and lay a solid
Committee and revises the independent director system and the working system for special meetings of independent directors in a supporting legal foundation and compliance barrier for the Company's high-quality and sustainable development.manner. It regularly holds Board of Directors meetings; the four special committees regularly report to the Board of Directors presenting
various major discoveries and relevant valuable suggestions for the Board of Directors' decision-making reference to ensure the decision-
making efficiency and professionalism of matters related to sustainable development; the Company's CEO does not serve as the Chairman and
the convener of the Audit Committee is an independent director with accounting expertise. In 2025 the Audit Committee held 4 meetings the
Strategy and ESG Committee held 2 meetings the Remuneration and Appraisal Committee held 2 meetings and the Nomination Committee held Law-based corporate governance
1 meeting; the attendance rate of directors was 100%.
We deeply integrate legal and compliance requirements into the entire business process continuously deepen the construction of the
compliance management system build a "1+5+1" law-based Gujing model fully promote the in-depth integration of business operations and
legal control focus on building a professional legal talent team systematically plan legal publicity and education work continuously improve the
quality and efficiency of legal management and comprehensively promote the steady improvement of law-based corporate governance ability of
Independence of the Board of Directors the Company.The Company's Independent Director System details the eligibility requirements for independent directors the nomination election and
replacement of independent directors the duties and rights of independent directors and the guarantee for the performance of their duties; it The "1+5+1" law-based Gujing model
clearly stipulates that "the proportion of independent directors among the Board of Directors shall not be less than 1/3 and shall not be less than
3 people." During the election process of independent directors the Nomination Committee of the Board of Directors conducts a prudent review
of the eligibility qualifications performance ability and independence of the candidates issues a clear review opinion and makes a statement
and commitment regarding the review results; the nominees are also required to publicly state that they meet the independence requirements
and other conditions for serving as independent directors. 1 5 1
Adherence Enhancements System
The Company's independent directors strictly implement the requirements of the Articles of Association and the Working Rules for Independent
Directors play the roles of "participating in decision-making supervision and balance and professional consultation" earnestly perform their
duties and participate in the decision-making of major matters. They conduct self-inspections of their own independence every year and submit Adhere to integrating the Party's Enhance the ability of legal Establish a compliance
written confirmation documents to the Company. leadership into all aspects of law- guidance enhance the ability of management system to ensure
based corporate governance. governance in accordance with the legal and compliant operations.As of the end of 2025 the Company had a total of 3 independent directors accounting for 33.3% of the total number of the Board of Directors law enhance the ability of contract
and none of them held any positions other than director in the company; 2 of the independent directors served as the chairpersons of the management enhance the ability
Remuneration and Appraisal Committee and the Audit Committee respectively. During the reporting period the independent directors held 2 of risk prevention and control
special meetings reviewed and approved important matters such as related-party transactions and effectively safeguarded the legitimate rights and enhance the ability of legal
and interests of small and medium-sized investors. safeguard.Remuneration of directors and management members
The Company has set up a differentiated remuneration management system and plan including basic annual salary performance-based annual Focus on contracts strengthen the whole-cycle management
salary and term incentives to encourage directors and management members to create long-term value for the Company. In 2025 the Company
continued to improve the performance evaluation system for Board of Directors and the performance evaluation results were determined based
on comprehensive factors such as production and operation management achievement of business goals implementation of financial budgets Build a multi-dimensional control system covering standard texts typical cases and special inspections.and performance of duties. Revise and promote standard contract texts applicable to multiple business scenarios and establish a case analysis mechanism.In terms of remuneration transparency the Company has formulated institutional documents such as the Administrative Measures for Implement the contract management responsibility system promote the rectification of relevant issues through special
Remuneration and Appraisal of Management Members which stipulate the remuneration composition of senior management; a mechanism for inspections and achieve pre-prevention and process control of contract risks.withholding performance-based remuneration of senior management has been established. For senior management who violate national laws
and regulations or fail to perform their duties resulting in the loss of state-owned assets the appraisal results during the tenure of management
members will be retroactively adjusted and the relevant performance-based annual salary and medium-and long-term incentive income will be
withheld.Handle legal disputes with high-efficiency and High-quality
Coordinate the handling of multiple litigation and non-litigation cases and achieve good results.Establish a case review mechanism prompt management risks and put forward improvement suggestions through the analysis of
typical cases.Tilt legal resources towards the front-line business actively participate in business contract communication and provide legal
support for the operations of multiple subsidiaries.104 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 105
Focus on contracts strengthen the whole-cycle management Each business unit is primarily responsible for compliance management with dedicated Compliance Officers and
Compliance Liaisons assigned. Compliance Officers are designated among the relevant heads of the business unit and are
Continuously improve the working mechanisms of legal advisors and in-house corporate lawyers and continuously enrich the responsible for conducting compliance reviews of the business management activities within their respective departments
external legal advisor team and the internal corporate lawyer team. or areas.Regularly organize professional learning and training support team members to participate in external professional exchanges
and competitions and achieve excellent results and continuously improve the professional performance ability of the team.Compliance Liaisons are selected from key personnel within business units and are responsible for gathering compliance
Focus on contracts strengthen the whole-cycle management risk information and assisting in compliance risk identification assessments early warning reporting and training
activities within their business units.Keep a close eye on important national legal publicity nodes such as the "Constitution Publicity Week" implement the
responsibility of "whoever manages should popularize the law" and "whoever serves should popularize the law" conduct more
than 10 legal lectures and training sessions covering more than a thousand employees in total.Explore a new path of legal education integrating "online + offline." The online platform regularly pushes legal education courseware
"explaining the law through cases" videos etc. through channels such as the OA learning platform and the shuttle bus mobile TV;
the offline platform creates a scene-based legal culture space and organizes special legal lectures on-site consultations and other Gujing Distillery Compliance Review Process
activities relying on the Gujing New-Era Civilization Practice Center bringing the law to workshops and teams.Deepen "explaining the law through cases" organize court-trial hearings and carry out warning education on drunk driving etc. with System review process Contract review process Legal review process for major matters
more than a thousand commitment letters signed in total significantly enhancing the pertinence and deterrence of legal education.Transform the learning results into governance practices establish and improve long-term mechanisms in areas such as ensuring The business unit takes the lead The business unit drafts the For major legal-related matters
the payment of migrant workers' wages and intellectual property protection and promote the concept of law-based corporate in drafting the system document contract text in the contract system in the Company's business
governance to be deeply rooted in the hearts of the people. solicits opinions from relevant and circulates it to the finance and development they must first
business units of the Company first. legal affairs departments for review be submitted to the legal affairs
After completing the revision of the according to the contract review department for a legality review.first draft it submits the document process. After the review is passed After a legal opinion is issued
to departments such as the Party the business unit completes the they should be submitted to the
office audit finance and legal internal approval according to the corresponding decision-making
affairs for a joint review. approval authority. body for deliberation according to
the Company's rules of procedure.Construction of the law-abiding and compliance system
We thoroughly implement Xi Jinping Thought on the Rule of Law aiming to comprehensively build a law-abiding and compliance system. We
have built a hierarchical and classified ESG compliance operation system covering corporate governance and daily operation management. By
formulating and revising systems improving the compliance operation system and process and incorporating compliance performance into the
assessment and evaluation system we have consolidated the foundation of the ESG compliance operation system.Gujing Distillery's Compliance Action in 2025
Strengthen system revision and standardize system construction
The Legal Affairs Department serves as the lead department for compliance management is responsible for organizing We revised core governance systems such as the Company's articles of association the Party Committee's rules of procedure
coordinating guiding and supervising compliance management work and providing compliance support for other the list of matters for pre-research by the Party Committee the rules of procedure for the Shareholders' Meeting and the
departments. Its main responsibilities include: rules of procedure for the Board of Directors revised the independent director system and the working system for special
(I) Reporting major issues on compliance management to the Compliance Committee; meetings of independent directors in a supporting manner and formulated the public opinion management system and the
market value management system.(II) Researching and drafting compliance management plans work reports fundamental policies and specific regulations;
We implemented the compliance management improvement action and incorporated the compliance performance into the
(III) Participating in legal and compliance reviews of major issues of the Company and providing opinions and suggestions; relevant evaluation system.(IV) Guiding the compliance management work of all business units organizing compliance risk identification early We updated and released a number of business compliance guidelines and compiled the annual compliance manual.warning and inspections and leading the responses to major compliance risks;
(V) Organizing and implementing the annual compliance training program. We systematically sorted out the core business processes and promoted the close combination of compliance requirements
and business operations.Compliance Compliance
Officers Liaisons
Lead Department for
Compliance Management106 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 107
Strictly control the review gateway and manage compliance risks Performance of Gujing Distillery in law-based corporate governance
We conducted legality reviews on various contracts important systems and major business decisions. Indicators Unit 2023 2024 2025
We dynamically carried out the work of identifying evaluating and responding to compliance risks and established a Legal review rate (legal review of enterprise rules and
systematic compliance risk management and control mechanism. regulations economic contracts major decisions and % 100 100 100
new product R & D)
We conducted centralized publicity and implementation of systems related to engineering and procurement. By combining
with the business to interpret the division of responsibilities process specifications approval requirements etc. we helped Number of major legal cases under supervision case 19 5 4
relevant personnel understand the systems thoroughly and improved the procurement compliance awareness.Economic contract performance rate % 99.92 99.40 99.72
Civil claim cases case 361 441 288
Amount of civil claims RMB 10000 1934 1001 1044
Strengthen confidentiality training and build a solid compliance defense line
We organized key personnel in grass-roots positions to take part in special training. Through forms such as reviewing the
confidentiality tradition interpreting typical cases watching warning education films and computer-based tests we Intellectual property protection
effectively improved the confidentiality compliance awareness and practical operation skills of the trainees.We strictly implement a series of systems such as the Patent Management Measures the Trademark Management Measures and
the Intellectual Property Incentive Measures actively conduct trademark registration and improve the intellectual property system.Relying on the Intellectual Property Strategy Management Committee we have innovated anti-counterfeiting methods and effectively
applied a "combo approach" of administrative penalties notarized evidence preservation criminal accountability and civil litigation.We have coordinated with public security procuratorial judicial and market regulation authorities to comprehensively crack down on
Focus on senior management training and strengthen compliance management infringements of intellectual property rights.In 2025 we entrusted lawyers to file 288 civil litigation cases of infringement with the court coordinated the market supervision
We held the 2025 training for middle-and high-level management personnel. The training covered core contents such as department to investigate and handle 251 administrative cases of infringement organized notary organs to handle 94 cases of preserving
the Company's internal control system and work style construction. We invited experts to give lectures to improve the evidence of infringement cooperated with the public security organs to handle 37 criminal cases of infringement and seized 17544 bottles
compliance literacy and performance ability of managers. of fake baijiu and 1.01 million sets of packaging materials.We have continuously consolidated cooperative relations with law enforcement agencies organized a series of activities for the 4.26 World
Intellectual Property Day and its publicity week and held symposiums with the people's courts of Lixin in Bozhou High-tech Zone and Feixi
in Hefei Nanqiao in Chuzhou and other jurisdictions strengthening judicial protection of intellectual property rights of Gujing Distillery and
helping to optimize the business environment. We assisted in convening the 2025 Regional Police Cooperation Conference on Joint Crackdown
Standardize evaluation and bidding and strengthen closed-loop management and control on Intellectual Property Infringement Crimes in 17 Cities and 2 Districts of the Yangtze River Delta Pearl River Delta and Central Plains Region.We have become a member enterprise of the first batch of "Brand Protection" government-enterprise cooperation mechanisms and a "National
Administrative Law Enforcement Inspection Point for Enterprises" under the State Administration for Market Regulation.We conducted centralized publicity and implementation of systems related to asset evaluation and bidding. By combining the
superior policies and typical cases in the publicity we deeply interpreted the key points. We immediately conducted special We invited experts to conduct a supervision and audit on the operation of the Company's standard system of the Requirements for
tests after the meeting to achieve the closed-loop management of "combining learning with examination and promoting Enterprise Intellectual Property Compliance Management System conducted a comprehensive review of the intellectual property
learning through examination." management work throughout the entire chain of baijiu R&D production and sales focused on auditing the implementation of the system
successfully passed the supervision and audit and effectively improved the overall level of intellectual property management.Indicators Unit 2023 2024 20257
Number of new patent applications (number of patent
Innovate the organizational form and create a compliance culture application) item 130 81 116
Among them: Number of new invention patents item 15 10 40We innovatively launched a legal-themed "script-killing" activity organized employees to attend court hearings and visit
warning education bases. Number of authorized patents item 46 95 507
We carried out special legal popularization training on women's rights protection network security etc. Number of invention patents applied to the main
business item / / 112
We cooperated with the municipal judicial bureau and the procuratorate to carry out the activity of "bringing the law into the
enterprise" so that the compliance culture can be deeply rooted in the hearts of the people and form a good atmosphere of Number of new R&D technology-related patents added item / / 120
"full-staff participation and active compliance." throughout the year
Total number of effective patents item 1476 1560 1992
7 The statistics for 2025 include subsidiaries.108 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 109
Risk Management
We place comprehensive risk prevention and control at the Company-wide level focus on audit work deepen the risk management system
with a systematic thinking and build a dynamic monitoring mechanism covering the whole business chain. The internal control system risk
management and control are precisely adapted to the Company's development needs and the construction of the professional talent echelon is
continuously strengthened.Internal control management
We revise and improve the Internal Control Management Manual and the Internal Control Evaluation System refine the internal control process
nodes and strengthen the in-depth integration of the internal control system with production and operation and compliance management. We
include "strengthening audit with a loyal heart and promoting governance through audit" in the fourth batch of key cultivation objects of Party
building carriers to promote audit rectification which is an important part of giving full play to the role of audit supervision. We integrate core
monitoring with overall oversight and carry out special internal control audits on key modules including digitalization procurement contract
management and corporate management. We conduct audits of the Company's financial revenues and expenditures covering all departments
focusing on financial settlement contractual rights and interests expense reimbursement and other businesses. Through full communication
among all departments we have reached consensus on rectification measures. We also perform internal control audits for subsidiaries such
as Guqi Distillery and Zhencang Liquor continuously improving the accuracy and effectiveness of audit supervision to help reduce costs and
increase efficiency. Moreover we innovatively advance the annual audit of subsidiaries formulating 24 implementation measures focusing
on core risk control strict economy and enhanced services. We actively leverage the professional expertise of engineering audit services. The
audit team is permanently stationed at key project sites such as the Intelligent Industrial Park and has completed the review of 137 items of
project progress payments and completion acceptance payments totaling RMB 556 million. We adhere to training auditors through job rotation
temporary postings benchmarking learning and other forms so as to build a strong audit team.Meanwhile we adhere to dynamic follow-up and cancellation management for audit rectification conduct strict reviews of rectification
results and follow through to the end ensuring a closed-loop management of problem rectification. Awareness of auditing has been gradually
strengthened across all departments. We have continued to promote the rectification and implementation of issues identified in audits achieving
remarkable results in audit rectification and the standardized operation of the Company has been continuously improved.In December 2025 Gujing Distillery was awarded the IP Eagle Award by the Alibaba Intellectual Property Protection Alliance (AACA) winning two honors: the Best Cooperation
Case Award for Offline Cooperation and the Best Cooperation Award of the Identification Cooperation Alliance. We have officially become a member of the Alibaba AACA
Alliance contributing to the development of the intellectual property protection system in the Baijiu industry. Gujing Distillery's modern audit system
With the goal of enhancing value we continuously expand the audit field.Credit investigation management Guided by risk management we improve the construction of the internal control system.With the combination of inspection and prevention as the starting point we serve the value-added sales in the
We abide by market supervision regulations and the spirit of contract improve and standardize the financial management system and
maintain sound and steady asset quality. We have no negative public credit records such as administrative penalties effective civil judgments market.or compulsory enforcement. We fulfill our information disclosure obligations in accordance with laws and regulations and all indicators in our
credit report meet compliance requirements. At the same time we establish and continuously improve the credit internal control management With process follow-up as the means we strictly control the project quality cost.mechanism regularly conduct credit investigation status checks and actively accept the supervision of regulatory departments and the market
public laying a solid foundation for the Company's financing credit business expansion and win-win cooperation among multiple parties. With the linkage between discipline inspection and audit as the breakthrough we jointly improve the supervision
efficiency.Liability and bond management In the implementation stage we adhere to the problem-oriented approach trace the root causes accurately and
thoroughly audit the problems and study audit suggestions.We strictly abide by the Company Law of the People's Republic of China the Securities Law of the People's Republic of China and relevant
regulatory requirements of the bond market adhere to the credit bottom line of the capital market. There are no risks related to bond survival In the rectification stage we combine rectification systems rectification meetings and follow-up supervision to
and redemption and there are no major lawsuits arbitrations or credit-default records caused by bond-related matters. We continuously study and establish a long-term rectification mechanism.improve the credit management and liability control system standardize business operations maintain a good credit status lay a compliance
foundation for subsequent bond financing and expanding financing channels and effectively safeguard the order of the capital market and the
legitimate rights and interests of potential investors. In the stage of result application we summarize and refine typical and common problems strengthen warning
education and do a good job in risk early-warning.110 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 111
Risk management Business Ethics
Construction of the risk management system We adhere to the concept of honest operation resolutely combat corruption carry out publicity activities such as anti-unfair competition in an
The Company is committed to building a multi-dimensional risk control system. We have established a comprehensive risk management orderly manner continuously strengthen business ethics governance have zero tolerance for all improper behaviors that violate business ethics
department. The audit center takes the lead in organizing all departments and first-level subsidiaries to carry out a comprehensive risk solidly promote the construction of an integrity system and create a healthy and sustainable market environment.investigation and reviews and refines the list of risks identified. Each unit designates business backbones as specific persons in charge of risk
management who are responsible for risk identification assessment and prevention. Through the high-level attention from top to bottom and
clear responsibility division the construction of the Company's risk management system and the orderly progress of risk management work have
been effectively promoted. Anti-unfair competition
We adhere to the bottom line of anti-unfair competition strictly implement the Anti-Unfair Competition Law of the People's Republic of China
and the Opinions of the State Council on Establishing a Fair Competition Review System in the Construction of the Market System clarify
the boundaries of employees' market behaviors standardize the codes of market competition behaviors and prevent the occurrence of unfair
Responsible for competition behaviors from the institutional root. In daily operations we continuously conduct inspections on potential market competition
Comprehensive Responsible for promoting Business risk identification risks and closely monitor emerging issues of unfair competition. Once any signs of violations are identified we immediately launch special
Lead risk management and implementing specific Implementation backbones of assessment and verification procedures to safeguard the legitimate rights and interests of the Company in accordance with laws and regulations and defend
department risk management work each unit the formulation of the order of fair market competition. We participated in the 19th Joint Meeting on Anti-Unfair Competition of Famous Baijiu Enterprises in Anhui
prevention measures Province and actively promoted the establishment of a cooperation mechanism for curbing unfair competition. In 2025 the Company did not
receive any complaints or reports about unfair competition.Risk identification and assessment Anti-corruption
The Company takes the lead in organizing risk identification work. Through systematic sorting and investigation a complete list of risks is We strictly abide by the Company Law of the People's Republic of China the Anti-Money Laundering Law of the People's Republic of China
formed. Each year we organize all departments and subsidiaries to carry out risk assessment and scoring around the two core dimensions of the the Anti-Monopoly Law of the People's Republic of China the Interim Provisions on Prohibiting Commercial Bribery the Several Provisions
probability of risk occurrence and the degree of impact and formulate targeted risk response measures simultaneously. on Clean Practice of Leaders of State-Owned Enterprises and other relevant laws and regulations. We adopt a firm zero-tolerance attitude
toward commercial bribery fraud corruption and other acts and include suppliers and other business partners in the scope of supervision. We
After multi-channel and multi-form review and evaluation the company-level major risks are refined and determined and submitted to the continuously strengthen the development of anti-corruption compliance systems improve the anti-corruption institutional system and strictly
management for key attention and control. The changes in risks and the implementation effectiveness of response measures are tracked prohibit any form of commercial bribery and interest transfer. No commercial bribery or corruption incidents occurred in 2025.regularly every quarter. The risks at the center level and department level are managed independently by each business unit. The internal audit
center conducts supervision and inspections irregularly gradually building a risk management system with hierarchical levels clear rights and
responsibilities and orderly control.We formulated and strictly implemented systems such as the Supplier Management Regulations and the
Code of Conduct for Good Faith Business clearly standardized the procurement process and transaction
Empowerment of risk management behaviors conducted performance evaluations on suppliers regularly announced the performance
evaluation results of suppliers strengthened the requirements for suppliers' business ethics and anti-
The Company deeply integrates risk management and empowerment into the corporate culture and runs through the whole process of corruption and reported suppliers' improper behaviors.daily operation and management. By carrying out regular risk management publicity we continuously cultivate a stable and compliant risk
management culture. Relying on special risk training issuing risk assessment filling guidelines and analyzing typical assessment examples we Special We organized 137 employees from multiple departments such as the Financial Management Center
directly guide each unit to accurately identify and scientifically judge risks and help formulate practical risk response measures. system Procurement Center and Technology and Quality Center to sign integrity practice commitment letters and
construction continuously followed up on the main responsibility talks with newly-promoted management personnel and
We conduct quarterly company-level tracking and monitoring of key risks proactively communicating and coordinating with liaisons newly-recruited employees to build a solid ideological defense line for integrity practice.responsible persons and heads of all units. We promptly inform them of risk trends verify the effectiveness of implemented response measures
and simultaneously share risk management knowledge and typical cases. Through these efforts we continuously enhance all employees' risk We conducted self-inspections in accordance with the Borrowing and Lending of Funds by Managers to/
management awareness and professional control capabilities. from Management and Service Recipients among 67 middle-level and above management personnel of
all units of Gujing Distillery. We urged relevant personnel to sign self-inspection commitment forms further
preventing the risks of power-for-money deals and interest transfer.Due diligence
We strictly implement the regulatory requirements of the stock exchange on due diligence and standardized operation of listed companies. Led
by the Financial Management Center a cross-departmental special review team is established jointly with the Corporate Management Center
Internal Audit Center and Digitalization Center to comprehensively carry out special due diligence on internal control of systems and processes Special We carried out systematic rectification of prominent problems in the field of bidding urged the Procurement
so as to enhance the compliance effectiveness and risk prevention and control capabilities of the Company's systems and processes. In 2025 the Center to establish a register list for 176 procurement projects randomly selected and reviewed systematic 29
Company focused on the core operation links and systematically promoted cost control work with the core orientation of "optimizing resource rectification projects and took inferences from one instance to others regarding the discovered problems and promote
allocation improving operation efficiency and stimulating management vitality." Throughout the year focused on key areas such as packaging rectification.material optimization energy management project initiation standardization and model optimization we identified a total of 58 cost control
projects with an expected annual economic benefit of RMB 72034900. As of December 2025 43 projects have been completed and closed with
an annual economic benefit of RMB 64707300.112 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 113
Reporting handling and whistleblower protection system
We posted the QR Code-Based Supervision for Improving the Working Style notice boards to encourage
employees to report illegal and irregular behaviors occurring around them. We strictly follow the Regulations on Petition Work the Working Rules for Handling Reports and Complaints by Discipline Inspection and
Supervision Agencies and other laws regulations and relevant provisions. We actively encourage employees business partners and other
We organized and carried out 31 times of warning education and anti-corruption training with more than relevant parties to supervise and report all types of violations of discipline rules and laws. The Company strictly implements confidentiality
2200 participants. regulations in the whole process of case acceptance registration investigation and material storage strictly keeps confidential information
such as the whistleblower's name contact information home address and reporting content and ensures the safety of the whistleblower's
Integrity We fully utilized municipal-level warning education resources organizing Party members and management information and reporting content in accordance with laws and regulations effectively preventing risks such as information leakage and loss.culture personnel of the Group Company to receive warning education at the municipal detention center and the If the whistleblower's legitimate rights and interests are threatened or infringed due to reporting and accusation they can submit a protection
development municipal Party conduct and clean government education center 12 times covering more than 400 application. The Company will promptly correct the situation seriously investigate the responsibilities of relevant personnel and transfer the
people. case to the judicial organs for handling in case of suspected crimes.We coordinated with the Intermediate People's Court of Bozhou City and organized employees to attend
a court hearing on a case of bribery involving a leader of a state-owned enterprise enabling them to fully Gujing Distillery's Reporting Handling Process
understand the high cost of violating discipline and laws.
1.The Case Management and 2. The handling department 3. After the preliminary verification
Hearing Office of the Commission conducts analysis research and of the issues the responsible
The Company adheres to and advocates full-staff participation in supervision giving play to the role of for Discipline Inspection accepts investigation. office takes the lead in holding a
grassroots "mobile probes" to feedback on potential violations of ethical standards laws and regulations in assigned cases from higher clue review meeting at which the Unblock
the Company's operations. authorities and public reports investigation progress is reported supervision submitted online and offline analyzed and discussed. Depending
channels We set up report boxes launched a 24-hour complaint and report hotline and publicized work telephone registers such problem clues in on the actual circumstances
numbers and email addresses to improve the efficiency of collecting and handling problem clues. the ledger and transfers them to recommendations are made for such
offices including the Discipline actions as conversation and inquiry
Inspection and Supervision Office further verification provisional
of the Commission for Discipline retention for future investigation
Inspection. or case closure. For clues verified
Gujing Distillery Petition and Reporting Channels to involve substantial violations a
case is filed for formal investigation.Upon completion of handling the
whistleblower shall be replied to.Reporting phone number: 0558-5718060 Reporting email: gjjtjw@163.com
Gujing Distillery's Performance in Combating Corruption and Upholding Integrity
Indicators Unit 2023 2024 2025
Coverage rate of combating corruption and upholding integrity
education % 100 100 100
Number of directors and senior executives who have received person-
anti-commercial bribery and anti-corruption training times 12 12 12 Protection of Shareholders' Rights and Interests
Percentage of directors and senior executives who have received
anti-commercial bribery and anti-corruption training % 100 100 100 We effectively safeguard the legitimate rights and interests of investors continuously improve the investor relations system unblock the regular
Duration of anti-commercial bribery and anti-corruption training communication channels strictly regulate the management of related-party transactions adhere to a scientific profit distribution policy and
for directors and senior executives8 hours 38 69 136 fully demonstrate the Company's sense of responsibility.Number of employees who have received anti-commercial person-
bribery and anti-corruption training times 12969 13453 13596
Percentage of employees who have received anti-commercial
bribery and anti-corruption % 100 100 100 Improve the investor relations system
Duration of anti-commercial bribery and anti-corruption training hours 24608 41031 87457 We have improved the investor rights protection system formulated and strictly implemented systems including the Provisions on Investor for employees Relations Management and maintained frequent communications with stakeholders including investors multiple times every month. We hold
Shareholders' Meeting regularly to communicate the Company's operation and major decisions with investors listen extensively to their opinions
Number of concluded corruption litigation cases case 0 0 0 and suggestions and ensure that the Company's development direction is closely aligned with investors' expectations. Through various channels
person- such as performance briefings investor hotlines and the "Interactive Yi" platform of the Shenzhen Stock Exchange we maintain communication Integrity employment reviews times 431 363 716 with investors to enhance their recognition of the Company. Directors and senior management of the Company actively communicate with
investors and other stakeholders listen to their opinions and suggestions and respond to their demands in a timely manner to ensure that
8 In 2023 and 2024 only the training duration of the directors was counted and the training duration of the senior management was not counted. investors can obtain necessary information and effectively safeguard their legitimate rights and interests.114 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 115
Main Communication Channels for Investors
Official website link: Click to enter https://www.gujing.com/ log in to the "ESG section"
Contact phone number: (0558) 5712231 or (0558) 5710057
Regulate related-party transactions
We adhere to the principles of "openness fairness and impartiality" as well as market-based pricing logic strictly standardize the approval
procedures and implementation of related party transactions continuously improve the related party transaction management system regulate
transaction behaviors and reduce non-essential related party transactions. We have formulated clear and detailed provisions on the definition
scope review procedures information disclosure of related party transactions and the related party withdrawal system strictly prohibit
controlling shareholders actual controllers directors senior executives and other parties from conducting interest transfer through related
party transactions effectively protect the legitimate rights and interests of the Company and minority shareholders and ensure the fairness and
impartiality of related party transaction decisions for all shareholders.Related party transactions of the Company shall be implemented within the authorized scope only after being deliberated and approved by the
Board of Directors and the Shareholders' Meeting of the Company. The Company strictly performs the statutory review procedures with related
parties withdrawing from voting in accordance with regulations and comprehensively and fully discloses core information such as related party The site of Gujing Distillery's shareholders' meeting
relationships transaction subjects and transaction amounts effectively safeguarding investors' right to information and right to decision-making.Adhere to shareholder returns
We attach great importance to investor returns and have formulated and implemented a scientific and rational profit distribution policy. Since
listing we have implemented annual dividend distributions based on our operating performance and long-term development plans actively
rewarding shareholders through sustained and stable distribution plans. In 2025 the Company implemented a high-proportion cash dividend
for the 2024 annual profit distribution plan paying out a cash dividend of RMB 50.00 10 shares (tax inclusive). The Board of Directors reviewed Party Building
and approved the 2025 interim dividend proposal planning to distribute a cash dividend of RMB 10.00 per 10 shares (tax inclusive). This has not
only strengthened investors' trust and confidence in the Company but also further demonstrated the Company's strength and development
potential. In 2025 we adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era thoroughly studied and implemented the guiding principles of the 20th CPC National Congress and all plenary sessions of the 20th CPC Central Committee fully
implemented the guiding principles of General Secretary Xi Jinping's important speech during his inspection of Anhui thoroughly implemented
the guiding principles of the 13th Plenary Session of the 5th CPC Bozhou Municipal Committee kept a close eye on the Company's goals and
tasks rooted deeply grew upwards and made intensive and unwavering efforts to lay a solid foundation for the Company's stable development.Adhere to strengthening the foundation and casting the soul
We held 13 study meetings of the Party Committee Theoretical Study Center Group with 42 persons participating in exchanges and
discussions.We thoroughly studied publicized and implemented the guiding principles of the Fourth Plenary Session of the 20th CPC Central
Committee. The Company's Party Committee and its Theoretical Study Center Group carried out special study sessions. Liang Jinhui
Secretary of the Party Committee and Chairman of the Board delivered special lectures. Grassroots Party organizations held 408
lectures reaching 11935 people.We convened 22 meetings of the Company's Party Committee deliberating on 178 items of "Three Importance and One
Greatness" matters.We held the 2025 Conference on Publicity Ideology and Cultural Work and a special training session on public opinion management.We conducted 1977 special lectures within the Company covering 58512 person-times.Investors asking questions on site116 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report “Gong” (Contribution) to Society with Dedication: Operating with Steadfast Integrity Presenting Premium Liquor to the Times 117
Strengthen the grassroots foundation Conduct strict discipline improvement and conduct rectification.We held the second Party Congress of the Company elected the new leading bodies of the Party Committee and the Commission for We organized a special Party lecture delivered by Liang Jinhui Secretary of the Party Committee and Chairman of the Board themed
Discipline Inspection and completed the general election of 21 grassroots Party organizations on schedule. Thoroughly Implementing the Guiding Principles of the Eight-Point Decision on Improving Party and Government Conduct by the
Political Bureau of the CPC Central Committee and Striving to Promote High-Quality Development of Gujing. The Party Committee Leading group members conducted 155 person-times of in-depth grassroots research collected 184 opinions and suggestions leadership identified and rectified 11 problems its members 39 problems and directly affiliated Party organizations of the
and helped solve 188 problems at the grassroots level. Across the Company we collected and handled 2587 suggestions and Company and its listed subsidiary 241 problems.problems.We thoroughly carried out the woke themed "the year for improving the working style" established a database of negative typical We cultivated 28 Party building carriers and released 12 "good experiences and practices" for Party building work among which cases and a negative list of work style problems held themed Party days and "Self-Examination Day" for work style improvement and
4 cases were selected as excellent Party building brand cases by the Bozhou Municipal Bureau of Finance (State-owned Assets addressed persistent unhealthy tendencies such as indolence slackness weariness perfunctoriness and wilfulness.
Supervision and Administration Commission).We implemented the requirements of the Regulations on Practicing Thrift and Opposing Waste in Party and Government Organs
We recruited 62 new Party members accepted 58 probationary Party members as full Party members provided rotational training organized annual cuts to non-productive budgets and reduced total expenses and project expenditures by RMB 68.7 million
for 264 Party members and trained 94 person-times of Party organization secretaries. throughout the year.A total of 353 people participated in the "Dual-Line Empowerment" training and we held 7 sessions of "Party Affairs Small We launched the "QR Code-Based Supervision" channel for work style construction and handled 16 reports from employees.Classes."
We established an information database of 216 full-time and part-time Party affairs workers to strengthen the reserve force of Party
affairs personnel.Implement the "talent cultivation" strategy
We strictly selected and appointed middle-level managers completing the promotion and further appointment of 8 people in 6
batches.We conducted 2024 annual comprehensive assessments for 122 units and 215 person-times in batches and categories.We carried out the "Talent Program" "Seedling Program" and "Inheritance Program" in a hierarchical and classified manner selecting
and cultivating 1755 young talents.A total of 165 collectives and individuals successfully completed project applications the 2024 Jianghuai Talent Cultivation
Program team project was successfully approved and the R&D team was rated as an Anhui Excellent Engineer Team.We held a conference to celebrate the 104th anniversary of the founding of the Communist Party of China and the commendation ceremony of "Two Excellences and One
Advanced."
Solidly carry out mass organization work.We held the 2nd "Nie Guangrong Cup" Employee Skills Competition and the All-Staff Training and Competition with 129
competition items fully demonstrating the professional skills of employees.We collected 103 "golden ideas" for special improvement on "practicing economy energy conservation and emission reduction"
selected 12 outstanding "golden ideas" which generated an economic benefit of about RMB 7.12 million.We grandly commended the 7th session of Gujing's "Top Ten Outstanding Young People" and selected the 5th session of "People
Touching Gujing" creating a strong atmosphere of learning from role models and striving to be role models.We carried out the "Full-staff Marketing Led by Youth" PK activity and regular full-staff marketing activities by mass organizations
achieving a total sales volume of more than RMB 1.8 million.Nearly 400 young volunteers served major company activities such as the Autumn Brewing Ceremony Peach Blossom Spring Qu
Festival and workers' congresses.We held a commendation conference for "Two Excellences and One Advanced" and commended advanced collectives.118 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Future Outlook 119
Future
Outlook
Standing at a new starting point we will create new
glories. 2026 marks the opening year of the 15th Five-
Year Plan as well as a critical year for Gujing Distillery to
seize opportunities and meet challenges in a complex
environment. We will unite more closely around the CPC
Central Committee with Comrade Xi Jinping at its core
thoroughly study and implement the guiding principles
of the Fourth Plenary Session of the 20th CPC Central
Committee and the Central Economic Work Conference
focus on "extending broadening complementing and
empowering" the industry chain adhere to the philosophy
of "rooting downwards growing upwards intensive
cultivation and unwavering commitment" stay committed
to our strategy maintain uncompromising quality maintain
momentum in the market and keep our management
dynamic. We will continuously anchor value accumulate
momentum promote the high-quality development of the
Company and make new contributions to the economic
development of Bozhou!120 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 121
Appendix Indicators Unit 2023 2024 2025
Scope 1 greenhouse gas emissions tCO2e / / 284490.78
Key Performance
Scope 2 greenhouse gas emissions (based on location) tCO2e / / 61838.68
Economic indicator Scope 2 greenhouse gas emissions (based on market) tCO2e / / 21805.39
Indicators Unit 2023 2024 2025
Greenhouse gas emission intensity (based on location) tCO2e/RMB 10000 of output value / / 0.1169
Total assets RMB 100 million 354.21 405.22 381.97
Purchased electricity MWh 78010.90 98504.90 101257.60
Total revenue RMB 100 million 202.54 235.78 188.32
Diesel consumption Ton 255.70 258.19 441.61
Total profit RMB 100 million 63.32 77.96 50.84 Gasoline consumption Ton 177.72 97.37 122.17
Net profit RMB 100 million 47.26 57.07 36.41 Natural gas consumption 10000 m3 2260.80 2982.18 3975.34
Net profit attributable to parent company RMB 100 million / / 35.49
Comprehensive energy consumption Tons of standard coal 85101.31 99875.74 110987.81
Return on equity % / / 14.28
Clean energy consumption MWh 5221.00 7767.50 78793.70
Taxes paid RMB 100 million 66.93 82.37 73.16
Water withdrawal 10000 tons / / 271.16
Asset-liability ratio % 36.72 36.59 31.66
Recycled water consumption/total amount of reused 10000 tons / 1609.60 1253.30
Preservation and appreciation rate of state-owned water
assets % / / 101.60
Intensity of water withdrawal tons/RMB 10000 of output value / / 0.9153
Overseas business sales RMB 10000 2099.72 2159.95 1275.28
Total waste water discharge 10000 tons 156.10 158.25 174.71
Countries and regions involved in overseas business Nr. 24 28 40
Wastewater discharge compliance rate % 100 100 100
Water consumption intensity tons/ RMB 10000
Environmental indicators of output value
//0.3255
COD emissions Ton 36.33 23.18 30.75
Indicators Unit 2023 2024 2025
NH3-N emissions Ton 0.56 0.50 0.22
Environmental protection investment RMB 10000 3300.59 4614.37 6988.98
Particulate emissions Ton 2.62 2.71 3.16
Investment in energy conservation and emission
reduction technological transformation RMB 10000 / / 1130.90 Sulfur dioxide emissions Ton 11.37 15.56 15.06
Environmental pollution and damage incidents during Nitrogen oxide emission Ton 67.19 75.06 63.32
the reporting period Case 0 0 0
Air emission compliance rate % 100 100 100
Amount of major administrative penalties imposed
by relevant departments such as ecological and Total amount of harmless industrial solid waste 10000 tons / / 62.38
environmental authorities or criminal liabilities RMB 10000 0 0 0 generated
investigated and pursued due to environmental
incidents during the reporting period Total amount of harmless industrial solid waste disposal 10000 tons / / 62.38
Chemical leakage incidents during the reporting period Case 0 0 0 Compliance rate of harmless industrial solid waste
disposal % 100 100 100
The frequency of environmental protection training and
publicity Times 23 16 29 Waste engine oil Ton 15.76 23.59 12.70
Total greenhouse gas emissions (based on location) tCO e 171619.07 198388.76 346329.46 Hazardous chemical waste and experimental waste 2 liquid Ton 1.83 3.85 4.71
Total greenhouse gas emissions (based on the market) tCO2e / / 306296.17 Waste lead-acid battery Ton 60.44 41.45 53.89122 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 123
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Other hazardous wastes Ton 452.77 502.69 447.58 Number of authorized patents Item 46 95 507
Total amount of hazardous waste discharged Ton 530.80 571.57 518.88 Number of invention patents applied to the main
business Item / / 112
Hazardous waste disposal compliance rate % 100 100 100
Total number of valid patents Item 1476 1560 1992
Resource utilization rate of coal ash and slag % 100 100 100
Number of trademark rights Item 1448 1473 1843
Resource utilization rate of distiller's grains % 100 100 100
Number of copyrights Item 256 326 391
Packaging material consumption Ton / / 169783.41
Major safety and quality liability accidents related to
Usage of carton packaging materials Ton / / 33661.51 products and services that occurred during the reporting Nr. 0 0 0
period
Usage of plastic packaging materials Ton / / 6016.90
Product pass rate at the factory % 100 100 100
Usage of glass packaging materials Ton / / 122132.82
Product pass rate in market sampling inspections % 100 100 100
Usage of ceramic packaging materials Ton / / 1930.84
Product recall rate % 0 0 0
Usage of metal packaging materials Ton / / 6041.34 Number of suppliers Nr. 696 843 904
Number of sustainability certified suppliers Nr. / / 904
Proportion of sustainability certified suppliers % / / 100
Among them the proportion of local suppliers % / / 14.93
Social indicators Proportion of local procurement from suppliers % / / 64
Number of suppliers reviewed during the reporting
Indicators Unit 2023 2024 2025 period Nr. 1751 2257 2137
R&D investment RMB 100 million 3.67 4.35 4.04 Number of suppliers penalized during the reporting
period Nr. 35 55 30
Proportion of R&D investment to main business income % 1.81 1.85 2.14 Number of potential suppliers rejected due to non-
compliance with ESG Nr. 0 0 0
Investment in digital transformation9 RMB 10000 4128.00 3848.00 7904.81
Number of suppliers whose cooperation was terminated
Number of R&D staff Person 1147 1061 1170 due to non-compliance with ESG
Nr. 30 55 30
Number of supplier social responsibility/ESG training
Proportion of R&D personnel among the total number of sessions Times 10 5 12
employees % 8.84 7.89 8.61
Percentage of suppliers signing the Integrity
Number of new product development projects Nr. 67 52 237 Commitment Agreement % 100 100 100
Annual scientific research projects carried out Nr. / 82 47 Contract planting area of raw grain 10000 mu / / 36
Investment in work safety RMB 10000 1529.44 1037.87 1390.83
Number of new R&D technology patents in the whole
year Item / / 120 Number of safety production training sessions Session 1739 2960 2985
Number of new patent applications (patent application Item 130 81 116 Total hours of safety training Hour / / 5471.7volume)
Number of person-times participating in work safety
Among them the number of new invention patents Item 15 10 40 training
Attendance 104412 183727 180636
Coverage rate of work safety training % 100 100 100
Safety education and training rate of new employees % 100 100 100
9 In 2023 and 2024 the digital transformation investment of Yellow Crane Tower Distillery Mingguang Liquor and Longrui Glass was not counted.124 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 125
Indicators Unit 2023 2024 2025 Indicators Unit 2023a 2024 2025
Work safety accidents occurring in the workplace Case 0 0 0 Number of employees aged 31-40 Person / 5240 5472
Among them major or above work safety accidents Case 0 0 0 Number of employees aged 41-49 Person / 2117 2223
Work safety accidents occurring among contractors Case / / 0 Number of employees aged 50 and above Person / 2106 2063
Number of safety drills organized (company-level) Session / 2 1 Divided by educational level
Number of person-times participating in safety drills Attendance / 1100 1330
Number of employees with a master's degree or above Person / 228 260
Rectification rate of potential safety hazards % 100 100 100
Number of undergraduate employees Person / 4435 4634
Number of work-related casualties Person 0 0 0
Number of employees with a junior college degree or
Work-related fatalities Person 0 0 0 below Person / 8790 8702
Number of working days lost due to work-related Day 1508 2979 2445 Divided by geographical distributioninjuries
Number of employees in Bozhou region Person / 7772 8092
Number of lost workdays due to work-related injuries Days/RMB 1
per RMB 1 million in revenue million in revenue 0.07 0.13 0.13 Number of employees in other regions Person / 5681 5504
Coverage rate of occupational health check-ups % 100 100 100 Divided by professional composition
Expenditure on employee physical check-ups RMB 10000 494.67 537.76 480.63
Number of technical personnel Person / / 575
Expenditure on occupational health check-ups RMB 10000 / / 23.58
Number of sales personnel Person / / 3843
Newly added occupational disease cases Case 0 0 0
Number of production personnel Person / / 6702
Coverage rate of occupational health files % 100 100 100
Number of financial personnel Person / / 229
Coverage rate of safety risk protection training % 100 100 100
Number of administrative personnel Person / / 1168
Coverage rate of work-related injury insurance % 100 100 100
Number of other personnel Person / / 1079
Number of products recalled due to health and safety
reasons Nr. 0 0 0 Total number of newly recruited employees in the year Person 1758 1573 665
Number of customer complaints Nr. 3515 2938 3125 Proportion of female managers (middle and senior
levels) % 8.24 8.10 12.50
Number of customer complaints per million revenue Pieces/million RMB revenue 0.17 0.12 0.17
Employee turnover rate % 4.63 4.09 4.21
Customer complaint resolution rate % 100 100 100
Labor contract signing rate % 100 100 100
Verified complaints received (involving infringement of
customer privacy) Nr. 0 0 0 Social insurance coverage % 100 100 100
Total number of in-service employees Person 12969 13453 13596 Average number of paid annual leave days per person Day 9.09 8.83 8.18
Among them the number of part-time employees Person 0 0 0 Number of labor dispute cases throughout the year Item 0 0 0
Among them the number of ethnic minority employees Person 348 362 360 Total expenditure on employee training RMB 10000 275.57 660.01 595.15
Among them the number of disabled employees Person 88 93 88 Employee training coverage rate % 100 100 100
Divided by gender structure Total employee training hours Hour 381195.00 620713.09 566976.12
Number of male employees Person 9985 10434 10602
Average training hours per employee Hour 29.39 46.14 41.70
Number of female employees Person 2984 3019 2994
Number of employees trained Person-time
By age structure (10000)
34.7044.2735.15
Number of employees aged 30 and below Person / 3990 3838 Total amount of public welfare donations RMB 10000 2428 462 862.63126 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 127
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Collection of proposals from the workers' congresses Piece 281 236 214 Proportion of independent directors in the Strategy and
ESG Committee % 60 60 60
Physical examination coverage of employees % 100 100 100
Proportion of independent directors with a tenure of
Establishment of volunteer service teams Team 14 14 14 more than 6 years % 0 0 0
Number of times of carrying out public welfare services Times 760 795 120 Average tenure of Board of Directors members Year 8.89 9.67 9.89
Number of person - times of employees' participation in
volunteer activities Attendance 4000 5000 5100
Standard deviation of the ages of directors supervisors
and senior executives Year 4.82 4.83 4.82
Total cumulative participation time of employees in Number of board meetings held Times 6 4 4
volunteer activities Hour 1520 1590 1610
Number of senior executives Person 9 9 9
Investment in supporting employees in difficulty RMB 10000 66.71 80.79 120
Number of annual shareholders' meetings (including
Number of employees in need of support Person 49 53 51 extraordinary general meetings) Times 2 1 3
Number of families of workers in difficulty receiving Economic contract performance rate % 99.92 99.40 99.72
assistance Household 158 188 160
Legal review rate (legal review of enterprise rules and
Resolution rate of employees' labor disputes % 100 100 100 regulations economic contracts major decisions and % 100 100 100
new product R & D) (%)
Employee satisfaction rate % 84.7 86.6 86.6
Signing rate of compliance commitment letters % 100 100 100
Annual investment funds for rural revitalization RMB 10000 75.91 80.59 830
Number of person-times of directors and senior
Purchase of special agricultural products for rural RMB 10000 22.12 30 129.62 executives receiving anti-commercial bribery and anti- % 100 100 100revitalization corruption training
Financial aid to poor students for rural revitalization RMB 10000 27 25 27.5 Number of person-times of directors and senior
Number of beneficiary poor students Person 54 50 55 executives receiving anti-commercial bribery and anti- Attendance 12 12 12corruption training
Issuance of scholarships and grants RMB 10000 71.5 83.5 81.5 Percentage of directors and senior executives who have
received anti-commercial bribery and anti-corruption % 100 100 100
training
Duration of anti-commercial bribery and anti-corruption
training for directors and senior executives10 Hour 38 69 136
Governance indicators Number of person-times of employees receiving anti-
commercial bribery and anti-corruption training Attendance 12969 13453 13596
Indicators Unit 2023 2024 2025 Percentage of employees who have received anti-
commercial bribery and anti-corruption training % 100 100 100
Number of company directors Person 9 9 9
Duration of anti-commercial bribery and anti-corruption
Among them the number of female directors of the Person 1 1 1 training for employees
Hour 24608 41031 87209
Company
Number of person-times of integrity employment
Among them the proportion of female directors % 11.11 11.11 11.11 reviews Attendance 431 363 716
Among them the number of independent directors of
the Company Person 3 3 3
Among them the proportion of independent directors % 33.33 33.33 33.33
Proportion of independent directors in the audit
committee % 60 60 60
Proportion of independent directors in the
Remuneration and Appraisal Committee % 60 60 60
Proportion of independent directors in the Nomination
Committee % 60 60 60 10 In 2023 and 2024 only the training duration of the directors on anti-commercial bribery and anti-corruption was counted.128 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 129
Index of Key Performance Indicators (KPIs) for MSCI ESG Ratings Index of the Content of the Guidelines of Shenzhen Stock Exchange
MSCI ESG rating indicators Chapters and/or explanations Guidelines for Self-discipline Supervision of Listed Companies on
the Shenzhen Stock Exchange No. 17—Sustainable Development Chapters and/or explanations
Report (Trial)
Water stress Water resource management
Climate Change Response Governance Strategies Impact
Climate change response Risk and Opportunity Management Indicators and Targets
GHG Reduction
Packaging material management
Packaging materials and waste Waste management Pollutant Discharge Pollution Control
Supply chain management Waste Disposal Pollution Control
Ecosystem and biodiversity protection Ecological Protection
Product carbon footprint Climate change response Environmental compliance management Environmental Management
Energy Usage Energy management
Product quality and safety Usage of water resource Water resource management
Product safety and quality Responsible marketing
Circular EconomyCustomer service Circular Economy
Packaging Materials
Rural revitalization Rural revitalization
Health and safety
Health and safety
supply chain management Community Participation
Contribution to the Society Public Welfare & Charity
Emergency Rescue
Governance system architecture Equal treatment of SMEs Equal treatment of SMEs
Board of Directors construction
Compensation of directors and management members Product quality and safety
Corporate governance Product and Service Safety and Quality
Standardized related-party transactions Health and safety
Construction of law-abiding and compliance system Customer Service
Data Security and Customer Privacy Protection
Risk management Information Security and Privacy Protection
Occupational Health
Business ethics Employees' Rights and BenefitsEmployees
Law-based corporate governance Talent Development
Construction of law-abiding and compliance system Care for Employees
Credit investigation management Due Diligence Due Diligence
Corporate actions Liability and bond management
Stakeholder Engagement Stakeholder Engagement
Internal control management
Risk management Anti-corruption
Due diligence Anti-bribery and Anti-corruption Whistle-Blowing Handling and Whistleblower Protection
System
Supply chain management
Anti-unfair Competition Anti-unfair Competition130 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 131
Index of the Content of the Ten Principles of the UN Global Compact Index of the GRI Standards
Principle Indicator Page GRI Standards Chapters and/or explanations
GRI2: General Disclosures 2021
Principle 1 Enterprises should respect and uphold all internationally recognized human rights. 81、84、85 2-1 Organizational details About Us
2-2 Entities included in the organization's sustainability reporting About This Report
2-3 Reporting period frequency and contact point About This Report
Principle 2 Never participate in any act of ignoring or trampling on human rights. 85
2-4 Restatements of information Not changed
2-5 External assurance Attestation report
Principle 3 Enterprises should uphold freedom of association and recognize the right to collective Sustainable supply chainbargaining between labor and management. 85 2-6 Activities value chain and other business relationships
Quality service
2-7 Employees Employee development
Principle 4 Completely eliminate all forms of forced labor. 85 2-8 Workers who are not employees Sustainable supply chain
Organizational structure
2 - 9 Governance structure and composition
Governance system architecture
Principle 5 Effectively abolish the child labor system. 85 2-10 Nomination and selection of the highest governance body Construction of the Board of Directors
2-11 Chair of the highest governance body Construction of the Board of Directors
2-12 The supervisory role of the highest governance body in managing impacts Governance system architecture
Principle 6 Eliminate any form of discrimination in employment and the industry. 85
2-13 Delegation of responsibility for managing impacts ESG Management
2-14 Role of the highest governance body in sustainability reporting ESG Management
Principle 7 Enterprises should plan ahead to address environmental challenges. 22、25、31 2-15 Conflicts of interest /
2-16 Communication of critical concerns Stakeholder Engagement
2-17 Collective knowledge of the highest governance body Construction of the Board of Directors
Principle 8 Take the initiative to increase the responsibility for environmental protection. 22、25
2-18 Evaluation of the performance of the highest governance body Construction of the Board of Directors
2-19 Remuneration policies Remuneration of directors and management members
Principle 9 Encourage the development and promotion of environmentally friendly technologies. 26-28、35-39 2-20 Process to determine remuneration Remuneration of directors and management members
2-21 Annual total compensation ratio /
2-22 Statement on sustainable development strategy ESG Strategy
Principle 10 Enterprises should oppose all forms of corruption including extortion bribery and acceptance of bribes. 70、74、111-113 2-23 Policy commitments /
2-24 Embedding policy commitments /132 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 133
GRI Standards Chapters and/or explanations GRI Standards Chapters and/or explanations
2-25 Processes to remediate negative impacts / nti-corruption
205-3 Confirmed incidents of corruption and actions taken
Whistleblower protection system
2-26 Mechanisms for seeking advice and raising concerns /
2-27 Compliance with laws and regulations Compliance operation GRI 206: Anti-competitive Behavior 2016
2-28 Membership associations / 206-1 Legal actions for anti-competitive behavior anti-trust and monopoly
practices Anti-unfair Competition
2-29 Approach to stakeholder engagement Stakeholder Engagement
GRI207: Taxation 2019
2-30 Collective bargaining agreements Employees' Rights and Benefits
207-1 Approach to tax Lawful tax payment
GRI3: Material Topics 2021
207-2 Tax governance control and risk management /
3-1 Process for determining material topics Dual material topic analysis
207-3 Stakeholder engagement and management of concerns related to tax /
3-2 List of material topics Dual material topic analysis
207-4 Country-by-country reporting /
3-3 Management of material topics Dual material topic analysis
Environmental section
Economic section
GRI301: Materials 2016
GRI201: Economic Performance 2016
301-1 Materials used by weight or volume Packaging material management and water resource
201-1 Direct economic value generated and distributed Key performance management
201-2 Financial implications and other risks and opportunities due to climate 301-2 Recycled input materials used Circular Economy
change Risk management (in response to climate change)
301-3 Reclaimed products and their packaging materials Packaging Materials
201-3 Defined benefit plan obligations and other retirement plans Employees' Rights and Benefits
GRI302: Energy 2016
201-4 Financial assistance received from government /
302-1 Energy consumption within the organization Key performance
GRI202: Market Performance 2016
302-2 Energy consumption outside of the organization Key performance
202-1 Ratios of standard entry-level wage by gender compared to local minimum
wage Employees' Rights and Benefits 302-3 Energy intensity Energy management
202-2 Proportion of senior management hired from the local community / 302-4 Reduction of energy consumption Energy management
GRI203: Indirect Economic Impacts 2016 302-5 Decrease in energy demand of products and services Energy management
203-1 Infrastructure investments and services supported Rural revitalization GRI303: Water and Wastewater 2018
Community Participation 303-1 Interaction between the organization and water (as a common resource) Water resource management
203-2 Significant indirect economic impacts
Public Welfare & Charity
Water resource management
303-2 Management of water discharge-related impacts
GRI204: Procurement Practices 2016 Pollution Control
204-1 Proportion of spending on local suppliers Key performance 303-3 Water Extraction Water resource management
GRI205: Anti-corruption 2016 303-4 Water discharge Water resource management
205-1 Operations assessed for risks related to corruption / 303-5 Water consumption Water resource management
205-2 Communication and training about anti-corruption policies and procedures Anti-corruption 303-5 Water consumption134 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 135
GRI Standards Chapters and/or explanations GRI Standards Chapters and/or explanations
304-1 Operating sites of the organization that are owned leased or managed in or 402-1 Minimum notice periods regarding operational changes /
adjacent to protected areas and biodiversity-rich areas outside protected areas Ecological Protection
GRI403: Occupational health and safety 2018
304-2 Significant impacts of activities products and services on biodiversity Ecological Protection
403-1 Occupational health and safety management system Occupational Health Management
304-3 Protected or restored habitats Ecological Protection
403-2 Hazard identification risk assessment and incident investigation Work Safety Management
304-4 Species listed in the IUCN Red List and national protection lists in habitats
affected by operations / 403-3 Occupational health services Occupational Health Management
GRI305: Emissions 2016 403-4 Worker participation consultation and communication on occupational health and safety Occupational Health Management
305-1 Direct (Scope 1) greenhouse gas emissions Key performance 403-5 Worker training on occupational health and safety Occupational Health Management
305-2 Energy indirect (Scope 2) greenhouse gas emissions Key performance 403-6 Promotion of worker health Occupational Health Management
305-3 Other indirect (Scope 3) greenhouse gas emissions Key performance 403-7 Prevention and mitigation of occupational health and safety impacts
directly linked by business relationships Occupational Health Management
305-4 GHG emissions intensity Key performance
403-8 Workers covered by an occupational health and safety management system Occupational Health Management
305-5 Reduction of GHG emissions Key performance
403-9 Work-related injuries Key performance
305-6 Emissions of ozone-depleting substances (ODS) /
403-10 Work-related ill health Occupational Health Management
305-7 Nitrogen oxides (NOx) sulfur oxides (SOx) and other significant gas
emissions Key performance GRI404: Training and education 2016
GRI306: Waste 2020 404-1 Average hours of training per year per employee Talent Development
404-2 Programs for upgrading employee skills and transition assistance programs Talent Development
306-1 Waste generation and significant waste-related impacts Waste Management
404-3 Percentage of employees receiving regular performance and career
306-2 Management of significant waste-related impacts Waste Management development reviews Talent Development
306-3 Waste generated Waste Management GRI405: Diversity and Equal Opportunity 2016
306-4 Waste diverted from disposal Waste Management 405-1 Diversity of governance bodies and employees Employees' Rights and Benefits
306-5 Waste directed to disposal Waste Management 405-2 Ratio of basic salary and remuneration of women to men Employees' Rights and Benefits
GRI308: Supplier environmental assessment 2016 GRI406: Anti-discrimination 2016
308-1 New suppliers that were screened using environmental criteria Supply Chain Management 406-1 Incidents of discrimination and corrective actions taken Employees' Rights and Benefits
308-2 Negative environmental impacts of the supply chain and actions taken / GRI407: Freedom of Association and Collective Bargaining 2016
Social section 407-1 Operations and suppliers in which the right to freedom of association and
collective bargaining may be at risk Employees' Rights and Benefits
GRI401: Employment 2016 GRI408: Child Labor 2016
401-1 New employee hires and employee turnover Key performance 408-1 Operations and suppliers at significant risk for incidents of child labor Employees' Rights and Benefits
401-2 Benefits provided to full-time employees that are not provided to Employees' Rights and Benefits GRI409: Forced or Compulsory Labor 2016temporary or part-time employees
409-1 Operations and suppliers at significant risk for incidents of forced or
401-3 Parental leave Compensation and Benefits compulsory labor Employees' Rights and Benefits
GRI402: Labor Relations 2016 GRI410: Security Practices 2016136 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 137
List of Important Laws Regulations and ESG Systems
GRI Standards Chapters and/or explanations Topic Important laws and regulations Gujing Distillery's internal systems
410-1 Security personnel trained in human rights policies or procedures / Opinions of the CPC Central Committee and the State
Council on Fully Accurately and Comprehensively 15th Five-Year Plan for Energy Conservation and Carbon Reduction of Anhui
Climate change Implementing the New Development Philosophy to Gujing Distillery Company Limited
GRI411: Indigenous Rights 2016 response Achieve Carbon Peaking and Carbon Neutrality Energy Management System of Anhui Gujing Distillery Company Limited
Action Plan for Carbon Peaking before 2030
411-1 Incidents of violations involving rights of indigenous peoples Not involved during the reporting period
Environmental Protection Law of the People's Republic
GRI413: Local Community 2016 of China
Law of the People's Republic of China on Prevention
413-1 Operations with local community engagement impact assessments and and Control of Environmental Pollution by Solid WasteCommunity Participation Water Pollution Prevention and Control Law of the Environmental Protection Management System of Anhui Gujing Distillery development
People's Republic of China Company Limited
Eco-environment Law of the People's Republic of China on the Prevention Regulations on the Recycling and Disposal of Waste Materials of Anhui Gujing 413-2 Operations with significant actual and potential negative impacts on local protectionCommunity Participation and Control of Air Pollution
Distillery Company Limited
communities
Law of the People's Republic of China on the Prevention Administrative Measures for the Implementation of Cleaner Production in the
and Control of Soil Pollution Brewing Management Center of Anhui Gujing Distillery Company Limited
GRI414: Supplier Social Assessment 2016 Law of the People's Republic of China on Energy
Conservation
414-1 New suppliers screened using social evaluation dimensions / Regulations on Water Conservation
414-2 Negative social impacts of the supply chain and actions taken Supply chain management Research Project Management System of Anhui Gujing Distillery Company
Limited
GRI415: Public Policy 2016 Technological Law of the People's Republic of China on Scientific and Intellectual Property Incentive Measures of Anhui Gujing Distillery Company
Innovation Technological Progress Limited
415-1 Political Contributions N/A Regulations on the Planning and Scheduling of Production Capacity Aroma
Types and Processes of Liquor Companies
GRI416: Customer Health and Safety 2016
Product Quality Law of the People's Republic of China Sanitation Specification for the Storage and Transportation of Raw Grain from
Planting Bases of Gujinggongjiu · Nianfenyuanjiang
416-1 Assessment of the health and safety impacts of product and service Food Safety Law of the People's Republic of China
categories Product quality and safety
List of Prohibited Pesticides of Anhui Gujing Distillery Company Limited
Advertising Law of the People's Republic of China
Market Quality Information Feedback Handling System of Anhui Gujing
Product quality Cybersecurity Law of the People's Republic of China Distillery Company Limited
416-2 Incidents of non-compliance concerning the health and safety impacts of Product quality and safety and safety Data Security Law of the People's Republic of China Quality Accountability Management System of Anhui Gujing Distillery products and services Personal Information Protection Law of the People's Company Limited
Republic of China Product Recall Control Procedure of Anhui Gujing Distillery Company Limited
GRI417: Marketing and Labeling 2016 Law of the People's Republic of China on the Protection Emergency Preparedness and Response Control Procedure of Anhui Gujing
of Consumer Rights and Interests Distillery Company Limited
417-1 Requirements for product and service information and labeling Responsible marketing
Supplier Management Regulations of Anhui Gujing Distillery Company Limited
417-2 Incidents of non-compliance concerning product and service information / Management System for the Procurement of Goods and Services of Anhui and labeling Gujing Distillery Company Limited
Management System for the Procurement of Engineering Construction
417-3 Incidents of non-compliance concerning marketing communications / Projects of Anhui Gujing Distillery Company Limited
Civil Code of the People's Republic of China
Supply Chain Detailed Rules for the Performance Evaluation of Packaging Material Suppliers
GRI418: Customer privacy 2016 Management Law of the People's Republic of China on Tenders and of Anhui Gujing Distillery Company Limited
Bids Detailed Rules for the Performance Evaluation of Raw and Auxiliary Material
Suppliers of Anhui Gujing Distillery Company Limited
418-1 Verified complaints related to violations of customer privacy and loss of Information Security and Privacy Protection Detailed Rules for the Performance Evaluation of Small-scale Material
customer data Customer Service Suppliers of Anhui Gujing Distillery Company Limited
Management Measures for Supplier Outsourcing of Anhui Gujing Distillery
Company Limited
Work Safety Management System of Anhui Gujing Distillery Company Limited
Work Safety Law of the People's Republic of China Implementation Plan for the Three-year Action to Tackle the Root Causes of Work Safety
Law of the People's Republic of China on the Prevention
and Control of Occupational Diseases Regulations on the Management of Fire-fighting Facilities of Anhui Gujing Distillery Company Limited
Regulations on Work-related Injury Insurance Equipment Management System of Anhui Gujing Distillery Company Limited
Health and safety Law of the People's Republic of China on Emergency
Response Regulations on the Management of Special Operation Personnel of Anhui Gujing Distillery Company Limited
Regulations on the Management of Occupational
Health in the Workplace Safety Management Agreement for Related Parties of Anhui Gujing Distillery Company Limited
Interim Provisions on the Investigation and Treatment
of Hidden Dangers in Work Safety Accidents Regulations on the Management of Distiller's Grains Shipment in the Factory Area of Anhui Gujing Distillery Company Limited
Safe Operation Regulations of Anhui Gujing Distillery Company Limited138 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 139
Certification Report
Topic Important laws and regulations Gujing Distillery's internal systems
Labor Law of the People's Republic of China
Labor Contract Law of the People's Republic of China
Employment Promotion Law of the People's Republic Human Resources and Employment Management System of Anhui Gujing
of China Distillery Company Limited
Employee Social Insurance Law of the People's Republic of China Implementation Plan for the Review of Professional and Technical Channels of
responsibilities Regulations on the Prohibition of the Use of Child Labor Anhui Gujing Distillery Company Limited
Trade Union Law of the People's Republic of China Professional Quality Improvement Plan of Anhui Gujing Distillery Company
Limited for 2025
Law of the People's Republic of China on the Protection
of Women's Rights and Interests
Regulations on Democratic Management of Enterprises
Charity Law of the People's Republic of China
Public Welfare &
Charity Measures for the Information Disclosure of Charitable
Organizations
Articles of Association
Rules of Procedure for the Shareholders' Meeting of Anhui Gujing Distillery
Company Limited
Rules of Procedure for the Board of Directors of Anhui Gujing Distillery
Company Limited
Management System for Information Disclosure of Anhui Gujing Distillery
Company Limited
Management System for Investor Relations of Anhui Gujing Distillery
Company Limited
Detailed Rules for the Implementation of the Nomination Committee of the
Board of Directors of Anhui Gujing Distillery Company Limited
Company Law of the People's Republic of China
Corporate Detailed Rules for the Implementation of the Strategy and ESG Committee of
governance Securities Law of the People's Republic of China the Board of Directors of Anhui Gujing Distillery Company Limited
Code of Corporate Governance for Listed Companies Implementation Rules for the Audit Committee of the Board of Directors of
Anhui Gujing Distillery Company Limited
Implementation Rules for the Remuneration and Appraisal Committee of the
Board of Directors of Anhui Gujing Distillery Company Limited
Independent Director System of Anhui Gujing Distillery Company Limited
Work Rules for Independent Directors of Anhui Gujing Distillery Company
Limited
Administrative Measures for Remuneration and Appraisal of Management
Members of Anhui Gujing Distillery Company Limited
Internal Control Evaluation System of Anhui Gujing Distillery Company Limited
Risk Management System of Anhui Gujing Distillery Company Limited
Company Law of the People's Republic of China
Anti-unfair Competition Law of the People's Republic
of China
Anti-monopoly Law of the People's Republic of China Implementation Plan of Anhui Gujing Distillery Company Limited for In-depth
Education on Implementing the Guiding Principles of the Eight-Point Decision
Anti-money Laundering Law of the People's Republic on Improving Party and Government Conduct by the Political Bureau of the
of China CPC Central Committee
Business ethics Working Rules for Handling Reports and Complaints by Code of Conduct for Good Faith Business of Anhui Gujing Distillery Company
Discipline Inspection and Supervision Agencies Limited
Regulations on Practicing Thrift and Opposing Waste in Notification on Clean Conduct of Anhui Gujing Distillery Company Limited
Party and Government Organs
Supplier Management Regulations of Anhui Gujing Distillery Company Limited
List of Issues in Violating the Eight-Point Decision
on Improving Party and Government Conduct by the
Political Bureau of the CPC Central Committee and Its
Implementation Rules140 Gujing Distillery ｜ 2025 Environmental Social and Governance (ESG) Report Appendix 141
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(ESG) Report. In order to continuously improve the Company's ESG and social responsibility work we sincerely invite you to fill in the relevant
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Our contact information
Tel: 0558-5710057 Email: gjzqb@gujing.com.cn
Mailing: Headquarters Building of Anhui Gujing Distillery Company Limited Qiaocheng Postal Code: 236800
District Bozhou City Anhui Province
沪公网安备31011802005267号
