The "Kweichow Moutai Q3 2025 Earnings Conference" was held on November 6. Acting General Manager Wang Li, Independent Director Wang Xin, and Vice President, CFO, and Board Secretary Jiang Yan attended and responded to inquiries.

An investor inquired about Kweichow Moutai's future market value management plans. Jiang Yan stated that the company is transitioning from high-speed growth to high-quality development, during which market value management remains a top priority. Currently, the company has progressively established a comprehensive, multi-dimensional market value management system, including cash dividends, share repurchases, controlling shareholder share purchases, enhanced information disclosure, regular investor communication, and ESG management. These measures aim to continuously elevate corporate value, ensuring shareholders tangibly benefit from Moutai's high-quality growth.

Jiang Yan emphasized that the company's sustainable development relies on shareholders' long-term support and encouraged them to provide valuable feedback to further refine the market value management system, jointly creating enduring and sustainable value.