2024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

Stock Code: 000869， 200869 Stock Abbreviation: Changyu A， Changyu B Announcement No.: 2025-Final 01

Yantai Changyu Pioneer Wine Co. Ltd.

2024 Annual Report Abstract

I. Important Notice

This Annual Report Abstract comes from the whole contents of annual report. If investors desire to

comprehensively understand the Company’s operating results financial situation and future

development plan please read the Annual Report on the media specified by the China Securities

Regulatory Commission.Except for the following directors other directors attended this board meeting for reviewing this

annual report in person.Name of director not attending Position of director not Reason of not attending

Name of entrustee

the meeting personally attending the meeting personally the meeting personally

Xunzhang LIU Director On a business trip Hongjiang ZHOU

Enrico Sivieri Director On a business trip Marco Giovanni Ferrari

Stefano Battioni Director On a business trip Jianxun JIANG

Huirong LIU Independent director On a business trip Qinglin LIU

Non-standard audit opinion notice

□Applicable □Inapplicable

The preliminary scheme of the report period’s ordinary share profit distribution or increasing equity

with reserve deliberated by the board of the directors

□Applicable □Inapplicable

Whether to increase equity with reserve

□Yes □No

The Company’s preliminary scheme of profit distribution deliberated and passed by the board of

directors this time is shown as following: Based on the Company’s total 671823900 shares the

Company plans to pay CNY4 (including tax) in cash as dividends for every 10 shares to all

shareholders and send 0 bonus share (including tax); capital reserve will not be transferred to equity.The preliminary scheme of preferred share profit distribution during the report period deliberated and

passed by the board of directors

□Applicable □Inapplicable

12024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

II. Basic information of the Company

1. Brief introduction of the Company

Stock Abbreviation Changyu A Changyu B Stock Code 000869 200869

Place of Stock Listing Shenzhen Stock Exchange

Stock Abbreviation

—

before Alteration

Contact person and Authorized Representative of Securities

Secretary to the Board of Directors

information Affairs

Name Jianxun JIANG Tingguo LI

Address 56 Dama Road Yantai Shandong China 56 Dama Road Yantai Shandong China

Fax 0086-535-6633639 0086-535-6633639

Tel 0086-535-6602761 0086-535-6633656

E-mail jiangjianxun@changyu.com.cn stock@changyu.com.cn

2. Main businesses during the report period or brief introduction of products

(1) Situation of industry in which the Company operates during the report period

In 2024 in the face of increasingly competitive business environment the Company persisted intaking the market as the center adhered to the development strategy of “Focus on middle-and-highlevel Focus on high quality Focus on large single product” and the marketing philosophy of

“obtaining growth from the terminal and nurturing consumers” increased the performance

assessment of marketing personnel concentrated on the development of key markets and maintained

the leading position in the industry but failed to achieve isolation and bucking the trend. In 2024 the

Company realized the operating revenue of CNY3277.28million with a year-on-year decrease of

25.26% and the net profit attributable to the parent company’s shareholders of CNY305.21million

with a year-on-year decrease of 42.68%.

(2) Main businesses during the report period

During the report period the Company’s main business was production and operation of wine and

brandy thus providing domestic and foreign consumers with healthy and fashionable

alcoholic drinks. Compared with earlier stage there were no significant changes happened to the

Company’s main business. The wine industry that the Company involved in was still in growth stage.Being affected by many factors in recent years the competition in domestic wine market was fierce.However the Company still stands by the previous judgment and believes that the existing

consumption concept might change with the increase of people’s income level and their pursuit of a

relaxed romantic and healthy lifestyle. More domestic wine would be drunk by people and wine

would enter more and more household consumption. The situation of current low average

consumption of domestic wine would gradually improve. The Company was at the forefront in the

domestic wine market and was significantly ahead of major domestic competitors.

22024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

The Company’s products were divided into two series: wine and brandy. For wine main brands

included Changyu Noble Dragon AFIP Longyu Golden Icewine Valley Zenithwirl Vermouth

Rena Baron Balboa Donelly Atrio Kilikanoon and IWCC and so on. For Brandy main brands

included Koya Liquan Mminni Pagese Roullet Fransac and so on.

3. Key accounting data and financial indicators

(1) Key accounting data and financial indicators in recent three years

Whether the Company needs to retrospectively adjust or restate the accounting data of previous fiscal

years.□Yes □No

Unit: CNY

December 31 December 31 Increase/decrease compared December 31

2024 2023 with last year-end (%) 2022

Total assets 12520474218 13336267204 -6.12% 13171506378

Net Assets attributed to

1061920841910841500988-2.05%10579053733

shareholders of the listed company

Increase/decrease compared

202420232022

with last year (%)

Operating revenue 3277278347 4384764335 -25.26% 3918941160

Net profit attributed to

305210999532438907-42.68%428681411

shareholders of the listed company

Net profit attributed to

shareholders of the listed company

131065357464073693-71.76%413831359

after deducting non-recurring

profits and losses

Net cash flows from operating

3977410671173091743-66.09%868876647

activities

Basic earnings per share (CNY) 0.45 0.78 -42.31% 0.63

Diluted earnings per share (CNY) 0.45 0.78 -42.31% 0.63

Weighted average for earning rate

2.83%4.98%-2.15%4.09%

of net assets

(2) Key accounting data by quarter

Unit: CNY

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Operating revenue 810827748 711481688 674991354 1079977557

Net profit attributed to shareholders of

15894680262230580277675081256867

the listed company

Net profit attributed to shareholders of 154033406 40850475 -2876947 -60941577

32024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

the listed company after deducting

non-recurring profits and losses

Net cash flows from operating activities -65346151 269226515 -21606340 215467043

Whether there are significant differences between above-mentioned financial indicators or their sum

and the related financial indicators in the quarterly report and semi-annual report disclosed by the

Company.□Yes □No

42024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

4. Capital stock and shareholders’ situation

(1) Number of ordinary shareholder and preferred shareholder recovering voting power and situation of shares held by top ten shareholders

Unit: share

Total number of shareholders by Total number of preferred Total number of preferred shareholder recovering

Total shareholders in the report

43265 the end of last month before the 42990 shareholder recovering voting 0 voting power by the end of last month before the 0

period

disclosure day of the annual report power by the end of report period disclosure day of the annual report

Shareholders holding more than 5% or the top 10 shareholders holding situation

Number of Pledged /marked or frozen

Name of Shareholders Character of shareholders Percentage (%) Amount of holding shares

restricted shares Share status Amount

YANTAI CHANGYU GROUP CO. LTD. Domestic non-state legal person 51.42% 345473856 0 - 0

Fengdi JIANG Domestic natural person 0.71% 4781900 0 - 0

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Foreign legal person 0.51% 3446137 0 - 0

Social Security Fund 114 Domestic non-state legal person 0.51% 3425055 0 - 0

Hairong HU Domestic natural person 0.47% 3183035 0 - 0

ABC Credit Suisse Innovation Power Stock Type Securities Investment Fund Domestic non-state legal person 0.47% 3150050 0 - 0

VANGUARD EMERGING MARKETS STOCK INDEX FUND Foreign legal person 0.46% 3087201 0 - 0

HONG KONG SECURITIES CLEARING COMPANY LIMITED Foreign legal person 0.40% 2676593 0 - 0

Social Security Fund 413 Domestic non-state legal person 0.39% 2610060 0 - 0

NORGES BANK Foreign legal person 0.37% 2464119 0 - 0

Among the top 10 shareholders Yantai Changyu Group Company Limited has no associated relationship or accordant action

The explanation for the associated relationship and accordant action

relationship with the other 9 listed shareholders while the relationship among the other shareholders is unknown.Explanation for the top 10 shareholders who involved in financing activities

The top 10 shareholders do not involve in financing activities and stock trade business.and stock trading business (if have)

52024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

The lending of shares by the shareholders holding more than 5% top ten shareholders and top 10 shareholders of unrestricted shares in the securities

financing business

□Applicable □Inapplicable

The top ten shareholders and top 10 shareholders of unrestricted shares have changed from the previous period due to the leading/restitution reasons

□Applicable □Inapplicable

(2) Number of preferred shareholder and situation of preferred shares held by top ten preferred shareholders

□Applicable □Inapplicable

There are no situation of preferred shares held by top ten preferred shareholders

62024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

(3) Introduction for property right and control relations between the Company and its actual controllers

72024 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

5. Existing bond position on the submit date of annual report approval

□Applicable □Inapplicable

III. Important Matters

None

Yantai Changyu Pioneer Wine Co. Ltd.Board of Directors

April 18 2025

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