Zhang Deqin talks about Maotai's response to the industry adjustment period: Chinese liquor should return to its original intention. Please believe that Maotai will not disappoint expectations.

The 2024 annual shareholder meeting of Guizhou Maotai was held at the Maotai Conference Center. In response to investors' concerns about the current situation of the liquor industry, Zhang Deqin, the Secretary of the Party Committee and Chairman of Guizhou Maotai Liquor Co., Ltd., used the "three beliefs" to share his views on the current situation of the liquor industry and Maotai's response with investors. Zhang Deqin believes that Chinese liquor should return to its original intention. He said, "Using it as a ceremony, using it to support the elderly, and using it to create joy" is the original intention. Faced with changes in consumer scenarios, investors are worried, and we understand that, but please believe that the quality, culture, and foundation of Maotai will not be shaken; believe that Maotai's innovation ability and self-regulation ability will not regress; believe that Maotai's service awareness and service capabilities will not fall behind. As long as we get through this cycle, we will make the Maotai national brand shine even brighter and live up to the expectations of all investors, taking on greater responsibilities.