Guizhou Maotai Wang Li: In August, compared to June and July, the market's terminal sales have shown a slight improvement.

On September 12, Maotai Group held a mid-year performance briefing for the first half of 2025. Board member Wang Li stated that as the traditional double festival approaches, market sales have started to pick up compared to June and July. Since the end of August, the terminal sales have shown a significant increase compared to before, and the market outlook is expected to further improve.