DIWANG IND H (01950) announced that on August 8, 2025, its wholly-owned subsidiary Fujian Wangchidi Dijiang Liquor Co., Ltd. (Fujian Wangchidi) officially signed a strategic cooperation framework agreement with Shanghai Jiuyue Youpin Commercial Management Co., Ltd. (Shanghai Jiuyue) to jointly expand alcohol and other food sales activities.

According to the framework agreement, the company will establish a joint venture with Shanghai Jiuyue in China, focusing on marketing, distribution, and related supply chain management services for premium liquor products. The newly established joint venture will combine the company's advantages in brand, capital, and market resources with Shanghai Jiuyue's expertise in liquor supply chain, distribution networks, and industry experience to jointly expand the mainland China market.

In the future, both parties will flexibly adjust their business development pace according to market demand and strategic planning, and introduce new products, new technologies, and new partners in a timely manner to promote the continuous growth of the joint venture.

Shanghai Jiuyue, as a professional domestic premium liquor marketing and service provider, possesses rich liquor operation experience and has established a marketing network system covering sixteen provinces and forty-six cities nationwide. The joint venture can introduce its mature distribution channels, supply chain management capabilities, and abundant market resources, which will help the group further enhance the market penetration and operational efficiency of its liquor business, ensure the stability and cost-effectiveness of product circulation, and help explore new consumer groups and create business growth points.

After prudent consideration by the board of directors, it believes that this cooperation can consolidate the group's competitive advantages in consumer products and liquor fields, and further expand industrial chain synergies.