公告日期：2026-04-18

Yantai Changyu Pioneer Wine Co., Ltd.

2025 Annual Report

Final 2026-01

April 18, 2026

Contents

I、Important Notice, Contents and Definition...... 3

II、Brief Introduction for the Company and Main Financial Indicators ......6

III、Management Discussion and Analysis ...... 11

IV、Corporate Governance, Environmental and Social Responsibility ......37

V、 Major issues......64

VI、Changes in Shares and Shareholders’ Situation...... 73

VII、Related Situation of Bonds ...... 83
VIII、Financial Report ......83

I. Important Notice, Contents and Definition

The board of directors, directors and senior executives of the Company guarantee the truthfulness,
accuracy and completeness of the contents contained in the report with no false records, misleading
statements or significant omissions, and undertake individual and joint legal liabilities.

Mr. Hongjiang Zhou (Person in charge of the Company), Ms. Cuimei Guo (Person in charge of
accounting work and Person in charge of accounting organ & Accountant in charge) assure the
truthfulness, accuracy and completeness of the financial report in the annual report.

All directors attended this board meeting for reviewing this annual report in person.

Forward-looking statements such as future plans and development strategies covered in this report
do not constitute a substantial commitment of the Company to investors. Investors are advised to
pay attention to investment risks.

About significant risks that may be faced in production and operation process, please refer to “(5)
Potential Risks” of “11. Expectation for the Company’s Future Development” in the “III.
Management Discussion and Analysis” of this report. Investors are advised to read carefully and
pay attention to investment risks.

The Company’s preliminary scheme of profit distribution deliberated and passed by the board of
directors this time is shown as following: Based on the Company’s tota……
[点击查看PDF原文]

提示：本网不保证其真实性和客观性，一切有关该股的有效信息，以交易所的公告为准，敬请投资者注意风险。