2025 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

Stock Code: 000869， 200869 Stock Abbreviation: Changyu A， Changyu B Announcement No.: 2026-Final 01

Yantai Changyu Pioneer Wine Co. Ltd.2025 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.All directors attended this board meeting for reviewing this annual report in person.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 657240128 shares the

Company plans to pay CNY2.5 (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

12025 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

information Secretary to the Board of Directors

Authorized Representative of Securities

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 2025 the domestic alcohol consumption market continued to slump and the wine industry in

which the Company operates faced unprecedented severe challenges. Facing the difficult

development environment the Company’s management team proactively adopted a series of

measures to strive for a breakthrough adhered to the right path while innovating better served users

and met market demands and carried out many positive explorations and practices. These efforts

have laid a solid foundation for the Company to emerge from difficulties and achieve sustained and

rapid development in the future further consolidating its leading position in the industry. The annual

operating revenue reached CNY2988.67million a year-on-year decrease of 8.81%; the net profit

attributable to shareholders of the parent company was CNY71.29million a decrease of 76.64%

compared with the previous year.

(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.

22025 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 Long Tailed Cat 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

2025 2024 with last year-end (%) 2023

Total assets 12050601981 12520474218 -3.75% 13336267204

Net Assets attributed to

1034724757710619208419-2.56%10841500988

shareholders of the listed company

Increase/decrease compared

202520242023

with last year (%)

Operating revenue 2988667522 3277278347 -8.81% 4384764335

Net profit attributed to

71291303305210999-76.64%532438907

shareholders of the listed company

Net profit attributed to

shareholders of the listed company

39128174131065357-70.15%464073693

after deducting non-recurring

profits and losses

Net cash flows from operating

355823459397741067-10.54%1173091743

activities

Basic earnings per share (CNY) 0.11 0.45 -75.56% 0.78

Diluted earnings per share (CNY) 0.11 0.45 -75.56% 0.78

Weighted average for earning rate

0.68%2.83%-2.15%4.98%

of net assets

(2) Key accounting data by quarter

Unit: CNY

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

Operating revenue 810921680 659654497 645394211 872697134

Net profit attributed to shareholders of

159276876263202661917154-116222993

the listed company

Net profit attributed to shareholders of

15277333319386494-3768045-129263608

the listed company after deducting

32025 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.

non-recurring profits and losses

Net cash flows from operating activities 21194646 218226482 118491215 -2088884

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

42025 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

40993 the end of last month before the 41524 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 52.56% 345473856 0 Inapplicable 0

Fengdi JIANG Domestic natural person 0.69% 4535834 0 Inapplicable 0

Hairong HU Domestic natural person 0.53% 3467035 0 Inapplicable 0

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Foreign legal person person 0.52% 3446137 0 Inapplicable 0

Social Security Fund 114 Other 0.52% 3425055 0 Inapplicable 0

HONG KONG SECURITIES CLEARING COMPANY LIMITED Foreign legal person 0.47% 3098457 0 Inapplicable 0

VANGUARD EMERGING MARKETS STOCK INDEX FUND Foreign legal person 0.47% 3087201 0 Inapplicable 0

Bank of Communications Co. Ltd.- Qianhai Kaiyuanxianghe Bond-type

Other 0.46% 3017569 0 Inapplicable 0

Securities Investment Fund

Social Security Fund 413 Other 0.46% 3000060 0 Inapplicable 0

Haitong International Securities Company Limited-Account Client Foreign legal person 0.37% 2461494 0 Inapplicable 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)

52025 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

62025 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

72025 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 PioneerWine Co. Ltd.Board of Directors

April 18 2026

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