On May 25th, Luzhou Laojiao Co.,Ltd. responded to investor inquiries via an interactive platform. The company indicated that the industry may continue to face pressure in the near term. However, from a medium- to long-term perspective, opportunities within the sector still outweigh the challenges. High-quality development remains the central theme of China's economy, and the foundation for its long-term positive trajectory remains unchanged.

The company manages channel inventory based on a terminal quota system. Currently, product market prices are stable, and channel inventory levels are secure and controllable. As the consumer market recovers and the industry gradually rebounds, the company will seize development opportunities accordingly and steadily advance operational improvements for enhanced quality and efficiency.

Luzhou Laojiao has formulated its "Shareholder Dividend Return Plan for 2024-2026." Notably, the dividend plan for the 2026 fiscal year will be implemented in 2027. Moving forward, the company will comprehensively consider the consumer market environment, industry cycles, and its own operational development to plan and study dividend matters for the next phase.