About This ReportMessage from the ChairmanAbout UsOur ESG JourneyOur Actions in Alignment withthe United Nations SustainableDevelopment Goals (SDGs)
Future OutlookAppendicesIndex of IndicatorsThird-Party AuthenticationFeedback Form
ESG GovernanceESG StrategyESG-Related Risk ManagementESG Key Performance Indicators (KPIs),Objectives and TargetsESG Topic ManagementESG Stakeholder EngagementESG Capacity Building
Holding High the Banner of Party BuildingLeadershipSolidifying Our Foundation throughCorporate GovernanceEnsuring Compliance Management andLaw-Based OperationsPrioritizing Risk Prevention and Control forSteady and Long-Term GrowthStaying Committed to CombatingCorruption and Upholding Integrity
Delivering Genuine Quality andExceptional ServicesStrengthening Brand Prestige throughCultural InuenceAdvancing Innovative Development withScience and TechnologyFostering a Pleasant EcologicalEnvironmentEnsuring Safety and Stability throughCoordinated ManagementNurturing Talented Personnel and Caringfor EmployeesPromoting Industry-Wide Prosperitythrough Win-Win CooperationMaking Charitable Eorts and Giving Backto Society
Our PhilosophyOur Management
Our Practices
Crafting Fine Liquor for a Happy LifeIntegrity, Fairness and TransparencyBuilding on Integrity, Crafting Fine Liquor,
Upholding Self-Discipline, and Bene?tingSociety162438
CONTENTS
0203
About This ReportAnhui Gujing Distillery Company Limited
Organizational ScopeThis report presents the performance of Anhui Gujing Distillery Company Limited (hereinafter referred to as“Gujing Distillery”, “the Company”, or “we”) and its subsidiaries, including Yellow Crane Tower DistilleryCo., Ltd. (hereinafter referred to as “Yellow Crane Tower Distillery”), Anhui Mingguang Liquor Co., Ltd.(hereinafter referred to as “Mingguang Liquor”), and Anhui Longrui Glass Co., Ltd. (hereinafter referred toas “Longrui Glass”) in corporate governance, economic, social, and environmental aspects. Certain sectionsalso include information related to Anhui Gujing Group Co., Ltd. (hereinafter referred to as “Gujing Group”or “the Group”).
Reporting PeriodThis report covers the period from January 1, 2024 to December 31, 2024, with certain content extendingbeyond this timeframe.
Reporting Cycle
This is an annual report and the third Environmental, Social and Governance (ESG) report released by GujingDistillery.
Reliability Assurance
The Board of Directors of the Company assumes responsibility for overseeing this report, ensuring that thereare no false statements, misleading representations, or material omissions.
Information DisclosureKey financial performance data in this report is sourced from the 2024 Annual Report of Anhui GujingDistillery Company Limited, while other data is derived from the Company’s internal management systems.Unless otherwise specied, there are no signicant changes in the scope of disclosure compared to previousESG reports, and consistent statistical disclosure methods have been applied. The nancial gures in thisreport are presented in Renminbi (RMB).
Reference StandardsUnited Nations Sustainable Development Goals (SDGs)GRI Sustainability Reporting Standards (GRI Standards) issued by the Global Sustainability Standards Board(GSSB)ISO 26000 Guidance on Social Responsibility issued by the International Organization for Standardization(ISO)Guiding Opinions on High-Standard Fulllment of Corporate Social Responsibility by Centrally-AdministeredState-Owned Enterprises in the New Era issued by the State-owned Assets Supervision and AdministrationCommission (SASAC)Guidelines for Self discipline Supervision of Listed Companies on the Shenzhen Stock Exchange No. 17-Sustainable Development Report (Trial)Guidelines on Sustainability Reporting for Chinese Enterprises (CASS-ESG 6.0)ESG Evaluation Guidance for Alcoholic Beverage Enterprises and ESG Disclosure Guidance for AlcoholicBeverage Enterprises issued by China Alcoholic Drinks Association (CADA)
Access to the Report
This report is available in both Chinese and English. In case of any discrepancies, the Chinese version shallprevail.
For more ESG-related information or to download the electronic version of this report, please visit:
Gujing Distillery Ocial Website: https://www.gujing.com/Shenzhen Stock Exchange Ocial Website: http://www.szse.cn/
Phone: +86-0558-5710057Email: gjzqb@gujing.com.cnTo request a printed copy of this report, please contact the Board Secretary’s Oce:
About This Report
Anhui Gujing Distillery Company Limited
Message from the Chairman
0504Message from the ChairmanAnhui Gujing Distillery Company Limited
The year 2024 is a year of deepening the full implementationof the guiding principles of the 20th CPC National Congress, animportant year for advancing the 14th Five-Year Plan, and amilestone that bridges past achievements and sets the stagefor future progress in the development history of Anhui GujingDistillery Co., Ltd.In this year, we have thoroughly implemented the newdevelopment concept, cultivated and strengthened the newquality productivity, closely centered on the strategy of "Baijiuand 'Baijiu+'", worked hard and did more, making all businessindicators grew steadily.On behalf of the Board of Directors of Anhui Gujing DistilleryCo., Ltd., I would like to express our sincere gratitude to theshareholders and all stakeholders who have consistentlyshown their attention and support to us.Looking back, we have followed the guidance of Xi JinpingThought on Socialism with Chinese Characteristics for a NewEra and fully implemented the guiding principles of the 20thCPC National Congress as well as the second and third plenarysessions of the 20th CPC Central Committee. Taking the pursuitof “Three Excellence Initiative” as our action plan, we havefocused on our goals, worked together to overcome challenges,and driven improvement in both development quality andeciency. We have actively responded to the opportunities andchallenges brought about by ESG development, practiced theconcept of sustainable development, ensured effective ESGinformation disclosure, and achieved a deep integration ofESG governance with production and operations. Significantprogress and new achievements have been made in areas suchas quality and safety, technological innovation, digitalization,green and low-carbon development, talent development, andcommunity building.By pursuing authenticity in quality, we have driven excellencein development through lean management. We havebuilt a matrix-based quality control system, advanced thecomprehensive quality control system, achieved a significantimprovement in quality across the entire production chainfrom raw material breeding to final product delivery, andbeen recognized with honors such as National AdvancedEnterprise in Quality Integrity, National Trustworthy Productin Quality Inspection, and National Consistently QualifiedProduct in Quality Inspection. Centered around the strategicgoals of “building a strong enterprise through science andtechnology” and “advancing Strategy 5.0 to build a digital,international, and law-based new Gujing”, we have leveragedscientific research platforms such as Four Institutes and One
Secretary of the Party Committee and Chairman
Anhui Gujing Distillery Co., Ltd.
Laboratory to promote an in-depth cooperation betweenindustries, universities and research institutes for making fulluse of digital technology in liquor production. We have beenrecognized with honors such as the Pacemaker in IndustrialData Governance in China and the Key Industrial InternetPlatform in Anhui Province (2024) while being selected as aPacemaker in Digital Transformation of China’s Light Industry(2024). Additionally, our solid-state fermentation brewingfactory has been included in the list of National 5G Factories.The inheritance of intangible cultural heritage techniques inYellow Crane Tower Distillery Hanfen Liquor, the optimizationof aroma proles in Mingguang Liquor, and the expansion ofbase liquor production in Zhencang Liquor have strengthenedthe foundation of products quality.By pursuing goodness in conduct, we have fulfilled ourresponsibility and commitment through supportingagriculture and benefiting the public. We have fostered a
corporate culture that emphasizes integrity and righteousness,upheld the principle of “agriculture to the forefront andindustry to follow” which requires us to integrate the primaryand secondary industries and realize intensive processing ofagricultural products, expanded contract farming, dispatchedthe third batch of village officials, brought our leading rolein the liquor industry chain into full play, and driven valueco-creation with upstream and downstream enterprisesto contribute to the comprehensive advancement of ruralrevitalization. We have promoted the fine tradition of goinginto communities to communicate the Party's lines andpolicies, carry out research and studies, address people'scomplaints, and conduct field work. We have applied the“Three-Listening and Three-System” approach, and adoptedfrontline work approaches. We have showed genuine carefor our employees by continuously providing Golden AutumnStudent Assistance and Scholarships, insisting on delivery ofhealth in spring, coolness in summer, education assistancein autumn, and warmth in winter, opening a green channelfor medical treatment, organizing annual health check-upsfor all employees for free, and oering quarterly major illnessmedical assistance, among other eorts. We have also activelyparticipated in public welfare and charitable endeavors,engaged in volunteer services, and established an emergencyresponse mechanism for accidents and disasters to conveyour social responsibility and compassion, and promote socialharmony and development.
By pursuing beauty in branding, we have led a new trendin the liquor industry through the inheritance of value. Thebrand value of Gujinggongjiu has reached 375.756 billion yuan,
firmly maintaining its position as the fourth-largest liquorbrand in China. The flagship product “Nianfenyuanjiang”reached a brand valuation of RMB 254.075 billion, based onthe brand value assessment for international liquor products.Yellow Crane Tower Distillery has been awarded the titleof Craftsmanship Collective in Chinese Liquor Industry andMingguang Liquor has broken new ground with its aromaprole. We have successfully hosted the launch ceremony forThree Excellence Initiative”, the Autumn Brewing Ceremony,and the 5th International Distilled Spirits Technical Forum. Wehave creatively launched the “Three Gong Festival” themed“Gong Creation, Gong Contribution, and Gong Sharing”and deeply engaged with the dual-core media strategy ofSpring Festival Gala + High-Speed Rail. We have become thepermanent venue for the International Distilled Spirits Forum.Gujinggongjiu·New Year’s Eve has become the liquor productspecially designed for celebrating the successful inscriptionof Spring Festival on the UNESCO intangible cultural heritagelist. The global tour of the brand has reached Kazakhstan,Uzbekistan, and other locations, fully showcasing thebrand concept, Brewed in China and Savored Worldwide, ofGuojinggongjiu · Nianfenyuanjiang.The applause and flowers belong to the past. The newjourney is an expedition full of glory and dreams, one thatrequires us to measure with our steps and prove with ourstrength! We must believe in the power of belief, the strengthof perseverance, and the force that drives us forward. Wewill continue to uphold our values of “building on integrity,crafting fine liquor, upholding self-discipline, and benefitingsociety” to build a new Gujing characterized by digitalization,internationalization, and rule of law. With the vision of “Craftedin China for the World to Enjoy”, we will strive to move towardsbecoming a world-class enterprise with excellence in products,brands, innovation, and modern governance.The year 2025 marks the nal year of the 14th Five-Year Planperiod and the beginning of the 15th Five-Year Plan period, aswell as the year for improving the working style of Gujing. Wewill follow the guidance of Xi Jinping Thought on Socialism withChinese Characteristics for a New Era and insist on enhancingmanagement through fine work styles, driving developmentthrough efficient management, and ensuring stabilitythrough continuous growth. We will carry forward the spirit ofcraftsmanship through integrity and innovation and write oursuccess through practical action and responsibility to contributeour strength to the high-quality development of Chinese liquorand make greater contributions to the construction of a betterBozhou on the journey of Chinese modernization.
0607
Anhui Gujing Distillery Company LimitedAbout UsAs one of China’s top eight time-honored liquor brands, Gujing Distillery is the rst Chinese baijiu (a traditional Chinese distilledspirit) company to launch an initial public offering (IPO) on both the A-share and B-share markets. Based in Bozhou, AnhuiProvince, home to the historical gures Cao Cao and Hua Tuo, and recognized as one of the world’s top ten spirits producing areas,the Company traces its origins back to Gongxing Distillery, established in the 10th year of the Zhengde reign (AD 1515) of the Mingdynasty. It was restructured into a provincial government-owned enterprise, Boxian Gujing Distillery, in 1959.Gujing Distillery’s strategic product, Gujinggongjiu · Nianfenyuanjiang, carries a legacy dating back to AD 196 when Cao Cao, arenowned military leader and statesman in ancient China, presented the local specialty “Jiuyun Spring Liquor”, together withits making secrets, from his hometown Bozhou to Emperor Xian of Han (Liu Xie). Since then, the liquor became a tribute to theimperial court, and Cao Cao has been historically recognized as the “Liquor Deity” of Gujinggong. The Jiuyun Brewing Method hasbeen recorded in the Guinness World Records. With its distinctive characteristics—crystal-clear color, orchid-like aroma, sweet andmellow taste upon entry, and a lingering aftertaste—the Gujinggong Liquor has won four consecutive gold medals in the nationalbaijiu evaluations and received a gold award at the 13th SIAL Paris. Over the years, the Company has earned numerous prestigioushonors, including China Time-Honored Brand, National Geographic Indication Product, National Quality Benchmark, NationalIndustrial Design Center, National Green Factory, National 5G Factory, and Anhui Provincial Government Quality Award. Additionally,the Gujinggong Liquor Brewing Heritage Site has been designated as a National Key Cultural Relic Protection Site, while itscraftsmanship has been recognized as a National Intangible Cultural Heritage Project, earning the titles “The Peony of Liquors”and “China’s Premier Tribute Liquor”.In April 2016, Gujing Distillery entered into a strategic cooperation agreement with Yellow Crane Tower Distillery Co., Ltd., usheringin a new era of collaboration between China’s prestigious liquor brands. In January 2021, the Company signed a strategiccooperation agreement with Mingguang Liquor. In September 2021, a similar agreement was signed with Zhencang Distillery.Currently, Gujing Distillery operates under four major brands, namely Gujinggong, Yellow Crane Tower, Old Mingguang, andZhencang Liquor, and produces six distinct aroma types, including nongxiang (strong aroma), qingxiang (light aroma), jiangxiang(sauce aroma), minglvxiang (mung bean aroma), guxiang (ancient aroma), and kaomaixiang (roasted wheat aroma). TheCompany also boasts eight major production bases, including the Gujinggongjiu · Nianfenyuanjiang Traditional Brewing Zone (aNational Industrial Heritage Site), Gujing Distillery Zhangji Eco-brewing Base, Gujing Distillery Quality and Sci-Tech Park, YellowCrane Tower Distillery Wuhan Plant, Yellow Crane Tower Distillery Xianning Plant, Yellow Crane Tower Distillery Suizhou Plant, AnhuiMingguang Liquor, and Guizhou Zhencang Distillery.Guided by the core values of “building on integrity, crafting ne liquor, upholding self-discipline, and beneting society”, GujingDistillery is advancing its Strategic 5.0, aiming to build a digital, international, and law-based new Gujing. In 2024, the Companyonce again received several national quality recognitions, including the National Advanced Enterprise in Quality Integrity,the National Trustworthy Product in Quality Inspection, and the National Consistently Qualified Product in Quality Inspection.Additionally, our annual brand value reached RMB 375.756 billion, ranking fourth in China’s baijiu industry and first in AnhuiProvince’s liquor sector. The agship product “Nianfenyuanjiang” reached a brand valuation of RMB 254.075 billion, based on thebrand value assessment for international liquor products.
Corporate Culture: Culture of Contribution
Brand Value of Gujing Distillery
2021202220232024
RMB 200.672billion
RMB 227.027billion
RMB 293.102billion
RMB 375.756billion
Crafting ne liquor for a happy lifeTo become the most popular and
respected baijiu company in China
Building on integrity, crafting neliquor, upholding self-discipline, and
beneting societyMissionVisionCore Values
Operational Performance
Total revenue (RMB 100 million)
Total prot (RMB 100 million)Net prot (RMB 100 million)
Tax contribution (RMB 100 million)Asset-liability ratio (%)
2021202220232024
About Us
Total assets (RMB 100 million)Total assets (RMB 100 million)
254.18297.90354.21405.22132.70167.13202.54235.78
31.7144.7063.3277.9623.7432.5247.2657.07
37.4653.0766.9382.3732.1235.1036.7236.59
0809
Anhui Gujing Distillery Company Limited
Six AromaTypes
Key ProductionAreas
Five China Well-KnownTrademarks
Diverse Flavors
Three MajorBrands
GujinggongYellow Crane ToweMingguang
Crystal-clear color, orchid-likearoma, sweet and mellow tasteupon entry, and a lingering
aftertaste
Soft and mellow, elegant andrefreshing, with a long-lasting
nish
n exceptional masterpiece with afull-bodied and mellow aroma,oering a clean and smooth
taste
Chuzhou, Anhui ProvinceBozhou, Anhui ProvinceWuhan, Xianning, and Suizhou,
Hubei Province
Old MingguangYellow Crane TowerGujingGujinggongNianfenyuanjiang
Shareholders’ Meeting
Chairman
Deputy General ManagerExecutive DeputyGeneral Manager
Audit Committee
Remuneration and Appraisal CommitteeStrategy and ESG Committee
Nomination Committee
Board of Supervisors
General Manager
所属子公司
Corporate Management Center5A Management Committee(Under Preparation)
Board of Directors
Organizational StructureProduct Portfolio
Bozhou Gujing Sales Co., Ltd.Anhui Jinyunlai Culture Media Co., Ltd.Bozhou Gujing Hotel Co., Ltd.Anhui Run’an Xinke Testing TechnologyCo., Ltd.Anhui Guqi Liquor Industry Co., Ltd.Yellow Crane Tower Distillery (Xianning)Co., Ltd.Xianning Junhe Sales Co., Ltd.Huanggang Junya Trading Co., Ltd.Xiaogan Gulou Tiancheng Trading Co.,Ltd.Anhui Mingguang Liquor Co., Ltd.Anhui Zhenrui Construction EngineeringCo., Ltd.Anhui Gujing Health Technology Co.,Ltd.
Anhui Longrui Glass Co., Ltd.Anhui Ruisi Weier Technology Co., Ltd.Anhui Yuanqing EnvironmentalProtection Co., Ltd.Anhui Jiudao Culture Media Co., Ltd.Anhui Gujing Suhuai Liquor IndustrySales Co., LtdYellow Crane Tower Distillery(Suizhou) Co., Ltd.Wuhan Junya Sales Co., Ltd.Wuhan Gulou Junhe Trading Co., Ltd.Ezhou Junya Trading Co., Ltd.Mingguang Tiancheng Mingjiu SalesCo., Ltd.Renhuai Maotai Town ZhencangWinery Industry Co., Ltd.Anhui Guge Culture Media Co., Ltd.
Anhui Jiu’an Electromechanical Equipment Co.,Ltd.Shanghai Gujing Jinhao Hotel Management Co.,Ltd.Anhui Gujing Yunshang E-Commerce Co., LtdAnhui Gujinggongjiu Nianfenyuanjiang ThemeHotel Management Co., Ltd.Yellow Crane Tower Distillery Co., Ltd.Wuhan Tianlong Jindi Technology DevelopmentCo., Ltd.Suizhou Junhe Trading Co., Ltd.Wuhan Gulou Juntai Trading Co., Ltd.Wuhan Juntai Trading Co., Ltd.Anhui Jiuhao China Railway ConstructionEngineering Co., LtdGuizhou Zhencang Liquor Industry Sales Co.,Ltd.
Nongxiang (strong aroma), qingxiang (light aroma), jiangxiang (sauce aroma), minglvxiang (mung bean aroma), guxiang (ancient aroma), and kaomaixiang (roasted wheat aroma)
Administrative Services CenterHuman Resources CenterBoard Secretary OceDigitalization CenterFinancial Management CenterProcurement CenterInternal Audit CenterEmergency Management CenterTechnology and Quality CenterLogistics and Dispatch CenterFinished Product Bottling CenterBrewing Management CenterPower and EnvironmentalProtection Center
About Us
Our ESG JourneyMilestones in 2024
February
The “Welcome Home, Bozhou Natives” Spring Festival Symposiumwas held at Bozhou Hotel, where representatives from governments,enterprises, and chambers of commerce gathered to discuss hometownties and development opportunities, extending a sincere invitation forentrepreneurs to return and invest. Liang Jinhui, Secretary of the PartyCommittee and Chairman of Gujing Distillery, attended the event as abusiness representative.
Held the 2024 Spring Festival Annual Meeting, bringing together Gujingemployees to celebrate the Spring Festival and envision a promising future.
Conducted the Gujinggongjiu · Nianfenyuanjiang Spring Brewing Ceremony.
Launched the 2024 Launch Ceremony of the “Three Excellence Initiative”for Gujinggongjiu · Nianfenyuanjiang and hosted the 2023 AnnualCommendation Conference of Anhui Gujing Distillery Company Limitedat the same time. (“Three Excellence” stands for “Excellence in Quality,Integrity, and Branding”)
July
Held a conference on talent-related work and celebratedthe graduation of the firstcohort and the launch of thesecond cohort of the “SeedlingProgram”.
Organized the 2024 GujingCorporate Culture ExperienceCamp, certifying 67 Gujingdistributors from across thecountry as “Corporate CultureAmbassadors”.
August
Convened the 2024 Gujinggongjiu ·Nianfenyuanjiang Mid-Year DistributorCommunication Conference.
Held the 2024 Golden Autumn Student Assistanceand Scholarship Ceremony.
September
Hosted the 11th Gujinggongjiu · Nianfenyuanjiang AutumnBrewing Ceremony and the 5th International Distilled SpiritsTechnical Forum in 2024.
Held the first party member congress of the CPC Anhui GujingGongjiu Co., Ltd.
Participated in a police cooperation meeting on combatingintellectual property crimes in the Yangtze River Delta and CentralChina regions (including 12 cities and 1 district).
Gujinggongjiu · Nianfenyuanjiang became an ocial partner ofthe 2024 World Manufacturing Convention, marking its eighthconsecutive year of supporting the event.
March
Organized the 7th Peach Blossom SpringQu Festival and the 3rd Gujing Fan Festivalfor Gujinggongjiu · Nianfenyuanjiang.
Participated in the 110th China Food andDrinks Fair, showcasing Gujing’s “FourBrands and Five Aromas” product lineup.
Held the 10th Employee and 12th MemberRepresentative Conference.
December
Convened the 2025Gujing MarketingConference.
Hosted the 2024GujinggongjiuNianfenyuanjiang GlobalDistributor Conference.
April
Attended the AwardingCeremony for the ThirdBatch of China Time-Honored Brands andreceived the honorarytitle of “China Time-Honored Brand”.
October
Conducted the 2024–2025 Bozhou WheatBase Planting SupplierSigning Ceremony.
November
Held the 2024 “QualityMonth” Wrap-upMeeting and the2nd Gujinggongjiu· NianfenyuanjiangQuality AwardsCeremony.
May
Hosted the 4th RawGrain Harvest Festivalfor Gujinggongjiu ·Nianfenyuanjiang in 2024.
1011
Our ESG JourneyAnhui Gujing Distillery Company Limited
Honors in 2024
Note 1: Refers to Anhui Gujing Distillery Company Limited.Note 2: Refers to the “Gujinggong” brand.
Gujing Distillery
Included in the “ESG Pioneer 100 Index for State-Owned Listed Companies (2024)” by the State-owned AssetsSupervision and Administration Commission (SASAC) of the State Council.
Ranked in the “China ESG Listed Companies Pioneer 50 in the Yangtze River Delta Region (2024)” by China MediaGroup.
Received the honorary title of “China Time-Honored Brand”.
Recognized as a National 5G Factory for our 5G intelligent solid-state fermentation baijiu brewing factory.
Our Product Design Center was certied as a National Industrial Design Center (2024-2027).
Selected for the 2024 “Digital Three Enhancements” application scenarios by the Ministry of Industry andInformation Technology. (“Three Enhancements” stand for enhancements in product variety, quality, andbranding)
Our case “From Grain Aroma to Liquor Aroma: Gujing Distillery’s Full-Process Food Safety and QualityManagement System” was recognized as a model of innovative practice in fullling principal responsibilities forfood safety in 2024.
Once again received several national quality recognitions, including the National Advanced Enterprise in QualityIntegrity, the National Trustworthy Product in Quality Inspection, and the National Consistently Qualied Productin Quality Inspection.
Honored as a “Pacemaker in Industrial Data Governance in China”.
Selected as a “Pacemaker in Digital Transformation of China’s Light Industry (2024)”.
Named a “Key Industrial Internet Platform in Anhui Province (2024)”.
Recognized as an “Advanced Unit in Fullling Principal Responsibilities for Food Safety in Anhui Province”.
Once again won the “Guoxin Cup” Top 100 ESG Golden Bull Award.
Awarded the “ESG Rising Star” title of the “ESG Benniu Award”
Yellow Crane Tower Distillery
“Yellow Crane Tower Hanfenjiu Brewing Technique” wasselected for the Seventh Batch of Provincial IntangibleCultural Heritage Entries of Hubei Province.
The Liquor Body Design Center awarded the honorary titleof “Craftsmanship Collective in China’s Liquor Industry”.
Released the Southern Daqingxiang Baijiu Quality ControlGuidelines and Standards, completed the achievementappraisal of the “Research on the Quality Characteristicsand Key Technology Applications of Southern DaqingxiangBaijiu”, and won the title of “Southern Daqingxiang BaijiuBrewing Base” granted by the China Alcoholic DrinksAssociation.
The Xianning Factory was certified as a “National GreenManufacturing Enterprise” (National Green Factory).
Advanced Individuals
Wang Yuliang and Sun Yuxing from Gujing Distillery wererecognized as “National Liquor Brewing Industry TechnicalExperts”.
Li Jianhua from Gujing Distillery was honored as an“Advanced Individual in Fullling Principal Responsibilitiesfor Food Safety in Anhui Province”.
Xu Peng from Yellow Crane Tower Distillery and YangYongbo from the Sales Company were awarded “NationalLight Industry Model Workers”.
Li Jiuhong from Yellow Crane Tower Distillery was honoredas a “National-Level Master Artisan in China’s LiquorIndustry”.
Li Dongfeng from Mingguang Liquor was recognizedas an “Advanced Individual in Anhui Provincial LaborCompetition”.
Gujinggong
Our annual brand value reachedRMB 375.756 billion, ranking fourth inChina’s baijiu industry and rst in AnhuiProvince’s liquor sector.
The agship product “Nianfenyuanjiang”reached a brand valuation of RMB
254.075 billion, based on the brand
value assessment for international liquorproducts.
Longrui Glass
Certified as a “National GreenManufacturing Enterprise” (NationalGreen Factory) and “Anhui ProvincialGreen Factory”.Mingguang Liquor
Recognized as an “AdvancedUnit in Fulfilling PrincipalResponsibilities for Food Safety”by the Anhui Food IndustryAssociation.
Minglvye Liquor won the SilverAward at the 2024 China SpecialtyTourism Product Competition.
1213
Our ESG JourneyAnhui Gujing Distillery Company Limited
Our Actions in Alignment with the United Nations SustainableDevelopment Goals (SDGs)Since the adoption of the 17 Sustainable Development Goals (SDGs) by the United Nations in 2015, these goals have served ascrucial guiding principles for the international community in pursuing common prosperity and sustainable development. Asa responsible corporate citizen rooted in China with a global outlook, Gujing Distillery always upholds the idea of sustainabledevelopment, deeply integrates the 17 SDGs into its operations, and collaborates with stakeholders to create shared value.
Goal 1: End poverty in all its formseverywhere
Promote “contract farming” to ensure stable farmer incomes and increasethe benets of agricultural enterprises
Support rural revitalization through intensified efforts in industrial andconsumer assistance, consolidating and expanding poverty alleviationachievements
SDGsOur Actions
SDGsOur Actions
Goal 2: End hunger, achieve foodsecurity and improved nutrition andpromote sustainable agriculture
Take rigorous quality control measures to ensure high-quality raw grainsand safeguard the entire industry chain from grain to liquor
Develop the raw grain planting bases to promote sustainable land use
Goal 3: Ensure healthy lives andpromote well-being for all at all ages
Prioritize employee well-being by organizing colorful cultural and sportsactivities, enhance occupational health protection, and invite renownedmedical experts for consultations
Expand business presence to the comprehensive healthcare industry byleveraging Bozhou’s abundant resources in traditional Chinese medicinalmaterials and roll out products such as wellness liquors and medicinal andedible enzymes
Goal 5: Achieve gender equality andempower all women and girls
Prohibit child labor, oppose all forms of gender discrimination, and enforceequal pay for equal work
Protect the legal rights and interests of female employeesGoal 6: Ensure availability andsustainable management of water andsanitation for all
Strengthen water resource management and promote water recovery and
recycling
Install more effluent treatment facilities and provide separate drainage
pipelines for rainwater and euents
Ensure that drinking water is disinfected and purified and provide both
boiled and direct drinking water options
Goal 8: Promote sustained, inclusiveand sustainable economic growth, fulland productive employment and decentwork for all
Expand production capacity to create job opportunities, attract top talent,
and support employment for veterans
Strengthen industrial support by creating temporary and seasonal jobs to
encourage local employment
Goal 7: Ensure access to affordable,reliable, sustainable and modernenergy for all
Actively procure green electricity and increase the use of renewable energy
sources such as solar power
Goal 9: Build resilient infrastructure,promote inclusive and sustainableindustrialization and foster innovation
Lead industry development by exploring to invest in strategic emergingindustries
Assume part of the social functions through self-built infrastructure andprovide more support for infrastructure construction in assisted regionsGoal 10: Reduce inequality within andamong countries
Comply with the laws, regulations, and labor codes of host countries andregions during international trade and exchanges while respecting localreligious beliefs and cultural customs
Goal 11: Make cities and humansettlements inclusive, safe, resilient andsustainable
Assist in constructing infrastructure such as water and power supplyfacilities, as well as public service facilities in healthcare and education
Engage in charitable donations, carry out public benet activities such aseducational sponsorship, baijiu knowledge dissemination, and communityservices, and help vulnerable groups such as children, the elderly, andpeople with disabilities
Participate in emergency rescue activities, establish a dedicated firebrigade, and collaborate with local communities in disaster relief eorts
Goal 12: Ensure sustainableconsumption and production patterns
Produce high-quality, green, and low-carbon products while ensuringpremium services
Make sure that the red line is not crossed concerning workplace safety andenvironmental protection and effectively control hazardous waste andpollutants
Promote the comprehensive utilization of byproducts from liquor productionto promote a circular economyUphold responsible marketing practices, regulate advertising, and advocatefor moderate alcohol consumptionGoal 13: Take urgent action to combatclimate change and its impacts
Take proactive measures to address climate change while identifyingclimate-related risks and opportunities
Develop green and low-carbon industries, accelerate greenmanufacturing, and build a green supply chainGoal 14: Conserve and sustainably usethe oceans, seas and marine resourcesfor sustainable development
Protect local rivers and wetlands and preserve biodiversity within aquaticecosystemsGoal 15: Protect, restore andpromote sustainable use of terrestrialecosystems, sustainably manageforests, combat desertication, and haltand reverse land degradation and haltbiodiversity loss
Enforce strict control over wastewater, exhaust, and solid waste emissionswhile enhancing environmental pollution prevention and control as well asecological governance
Contribute to biodiversity conservation, ecological balance, and sustainabledevelopmentGoal 16: Promote peaceful andinclusive societies for sustainabledevelopment, provide access to justicefor all and build eective, accountableand inclusive institutions at all levels
Strengthen our corporate governance framework and ensure compliancewith laws and regulations
Establish unimpeded channels for employee reporting, complaints, andgrievances
Foster business ethics and anti-corruption initiatives and prohibitcommercial bribery and unfair competitionGoal 17: Strengthen the means ofimplementation and revitalize theGlobal Partnership for SustainableDevelopment
Build communication platforms to enhance industry-wide exchanges andcooperation
Empower suppliers and distributors to establish a responsible supply chain
Facilitate the international expansion of baijiu brands and expand overseasconsumer markets
Goal 4: Ensure inclusive and equitablequality education and promote lifelongopportunities for all
Organize employee training and skill competitions and encourage
employees to actively participate in these activities to empower workforce
development
Initiate student assistance and scholarship programs, support charitable
foundations, and provide nancial aid to local students
1415
Our Actions in Alignment with the United Nations Sustainable Development Goals (SDGs)Anhui Gujing Distillery Company Limited
1617
Our Philosophy: Crafting Fine Liquor for a Happy LifeAnhui Gujing Distillery Company Limited
Crafting Fine Liquor for a Happy Life
Establishing and refining anESG governance framework isessential for enhancing corporategovernance standards in listedcompanies. Recognizing ESG as astrategic opportunity, we focus onfour key areas, i.e., governance,strategy, risk management, andmetrics & targets, to embed ESGinto our corporate developmentstrategy. By building a robustand efficient ESG governancestructure, we have effectivelyidentified various risks within ESGmanagement while continuouslystrengthening our ESG governancecapabilities and performance.
Our Philosophy
A Strategy and ESG Committee was setup under the Board of Directors.
We identied
ESG material topics and emphatically analyzed the nancial materialityof
key topics.We were included in the“ESGPioneer 100 Index for State-Owned Listed Companies(2024)” by the SASAC.
We presented the strategic goal of“advancing Strategy 5.0 to build adigital, international, and law-basednew Gujing”.
We once again won the“GuoxinCup” Top 100 ESG GoldenBull Award.
Our Performance
Our Actions
ESG GovernanceESG StrategyESG-Related Risk ManagementESG Key PerformanceIndicators (KPIs), Objectivesand Targets
>>>>
Amid globalization and sustainable development, ESG has emerged as a centralfocus in global capital markets. The ESG philosophy aligns closely with a suiteof national development imperatives, including China’s green development,carbon peaking and carbon neutrality goals, modern governance, and building acommunity with a shared future for mankind. At Gujing Distillery, we are dedicatedto integrating ESG principles into our business practices under the philosophy of“crafting ne liquor for a happy life”. To this end, we continuously enhance ourESG management and transparently disclose our ESG practices to both internaland external stakeholders in a complete, accurate, and timely manner, therebystrongly fueling our sustainable growth.
>>>
ESG Topic ManagementESG Stakeholder EngagementESG Capacity Building
1819
Our Philosophy: Crafting Fine Liquor for a Happy LifeAnhui Gujing Distillery Company Limited
ESG GovernanceESG StrategyTo eectively address growing ESG-related demands and enhance coordinated management, we have incorporated ESG mattersinto the deliberation topics for the Board of Directors and established a Strategy and ESG Committee. Furthermore, a three-tiergovernance structure consisting of decision-making, management, and execution levels has been put in place in a step-by-stepmanner to propel our high-quality development through concrete ESG governance actions.
Taking into account both global and domestic development trends alongside our resource endowment, we put forward thestrategic goal of “advancing Strategy 5.0 to build a digital, international, and law-based new Gujing”. This strategy integratesbusiness interests with environmental, social, and governance considerations, fostering long-term value creation while driving theCompany’s sustainable development.
Board of Directors & Strategy and ESG CommitteeDecision-Making Level
As the supreme decision-making body for ESG matters, the Board of Directors is accountable to theShareholders’ Meeting and responsible for overseeing and managing the Company’s overall ESGstrategy and planning.
As a specialized body under the Board of Directors, the Strategy and ESG Committee, chaired bythe Chairman, is responsible for researching major decisions related to the Company’s long-termdevelopment strategies, signicant investments, and ESG governance. It provides advisory opinionsand suggestions and reports on relevant matters to the Board of Directors.
Board Secretary’s OceManagementLevel
Responsible for formulating ESG management strategies and plans, assessing ESG-related risks,overseeing progress toward ESG goals and tasks, and leading the preparation of ESG reports.
Headquarters’ Other Functional Departments & SubsidiariesExecutionLevel
Responsible for embedding ESG initiatives into strategic planning, ensuring their eective execution,regularly reporting on ESG performance, monitoring ESG execution across all subordinate units, andsupporting the preparation and disclosure of ESG reports.
“Digital”
The driving force of Gujing’s growth
Strengthen industry leadership by deeply integrating digital technology with manufacturing,as well as fostering greater synergy between technological and industrial innovation.
Establish a new “1+2+6+N” digital management model, leverage digital tools to optimizemarketing and management, promote the transformation and upgrading of traditionalindustries, and foster new quality productive forces.
“International”
The direction of Gujing’s expansion
Uphold our strategy of focusing on the baijiu business, advance national market penetration,and optimize the industrial layout to solidify our international presence.
Participate in global industry events, conduct global promotional tours, and strengtheninternational collaboration and exchanges.
“Law-Based”
The foundation of Gujing’s governance
Embed the requirements of law-based corporate governance into all operational decision-making processes and operate in accordance with laws and regulations to ensure closed-loop risk management.
Take practical measures to enhance ESG management while standardizing and systematizingESG matters.
“New Gujing”
The dening feature of Gujing’s future
Maintain good coordination between development and security and build a robust line ofdefense for security and emergency response.
Advance the “Three Excellence Initiative” to deliver superior service.
Accelerate green and low-carbon transformation through coordinated eorts in industrialrestructuring, pollution control, ecological conservation, and climate action.
Support all-around rural revitalization and coordinated development between regions.
Foster harmonious labor relations and make positive contributions to social well-being.
2021
Our Philosophy: Crafting Fine Liquor for a Happy LifeAnhui Gujing Distillery Company Limited
ESG-Related Risk ManagementESG Key Performance Indicators (KPIs),
Objectives and Targets
Changes in industry policies
Increasingly stringentenvironmental requirements
Closely monitor policy and regulatory developments and deepencommunication with government agencies and industry associations.
Adjust business strategies and production management models in a timelymanner.
Increase inputs in environmental protection to optimize eco-friendlyequipment and production processes.
Fierce market competition
Changes in consumerdemands
Optimize product portfolio and develop strategic agship products.
Dene clear brand positioning, highlight product uniqueness, and enhancemarketing eorts.
Increase investments in R&D to cater to diverse consumer needs.
Supply instability
Price uctuations
Quality inconsistency
Build a stable supply chain by establishing long-term partnerships withmultiple raw material suppliers across various regions to spread supply risks.
Establish a raw material reserve system to maintain a safe inventory level.
Adopt “contract farming” to stabilize prices.
Strengthen quality control at the source by collaborating with high-qualityraw material bases.
Production equipmentfailures
Complex productionprocesses
Workplace safety incidents
Environmental pollutionincidents
Information security anddata privacy breaches
Loss of key talent
Establish routine maintenance and regular inspection mechanisms forequipment to identify and eliminate potential hazards in a timely manner.
Introduce advanced production systems to enhance operational skills andprocess control standards.
Strengthen workplace safety measures, check for security hazards, andimprove hazard rectication, training, and risk control.
Upgrade environmental protection facilities, enhance environmentalmonitoring, and ensure proper training.
Consolidate network, information, and data security management by strictlycontrolling information access permissions and scope to safeguard personalprivacy.
Promote employee development and show care for talented personnel.
Cash ow diculties
Risks in recovering accountsreceivable
Unprofitable orunderperforminginvestments
Optimize nancial budget management and expand nancing channels.
Establish a customer credit rating system and strengthen tracking andcollection of accounts receivable.
Conduct thorough investment evaluations and feasibility analyses, adoptdiversified investment strategies, and closely monitor the financial andoperational conditions of investment projects.
Intellectual property (IP)infringement
Negative or misleadingpublic opinion
Strengthen the IP protection mechanism and take legal action againstinfringements.
Establish a comprehensive public opinion monitoring and rapid responsesystem.
Enhance brand management and the ability to respond to public opinion.
Bidding violations
Irregularities in selectionand appointment
Financial fraud
Corruption, bribery, andself-seeking misconduct
Establish a standardized regulatory system, optimize approval processes,conduct routine and special supervision, and impose strict penalties.
Drive the digital transformation of business and enhance real-timemonitoring.
Strengthen selection and appointment criteria and enforce rigorousprocesses for selecting and appointing ocials.
Fully leverage assessment results to drive accountability and correctiveactions.
Strengthen anti-corruption training to foster a culture of integrity across theorganization.
Key RiskCategories
Risk SubcategoriesEective Mitigation Measures
Policy andRegulatory Risks
Market Risks
Raw Material andProcurement Risks
Production andOperational Risks
Financial and
Investment Risks
Brand and
Reputation Risks
Integrity Risks
KPIObjectives & Targets
Achievement Statusin 2024Technological
Innovation
To deepen the operations of “Four Institutes and One Laboratory”, focus onbaijiu R&D breakthroughs, transform research achievements into productiveforces, provide robust technological support for the Company’s high-qualitydevelopment , and conduct
research projects
All achieved
Energy and
ResourceUtilization
Expect to achieve an increase in the proportion of renewable energy use to
% by 2025;Simultaneously promote the green transformation of the supply chain andachieve a
% reduction in energy consumption through green, energy-saving, and low-carbon technologies.
In progress
Wastewater,Exhaust, andSolid WasteEmissions
% wastewater discharge compliance rate,
% air emission compliancerate, and
% hazardous waste disposal compliance rate;Normal operation of equipment and facilities
All achieved
Carbon Emissions
Expect to achieve a
% reduction in carbon emission intensity per unit productby 2025.
In progress
Water ResourceManagement
Planned water consumption:
3.455
million tons
Actual waterconsumption: morethan
2.2
milliontons (exceeded
target)
Digitalization
To take the user as the center, promote the construction of data center, industrialInternet of things platform, MES system, product life cycle management system,detection platform and so on, enhance business application experiences, andboost business digitalization
In progress
Product Quality
Zero major quality incidents, zero food safety incidents,
% product passrate in market sampling inspections, and 0% product withdrawal and recallrate
All achieved
Customer Service
% response rate of complaints within 24 hours and no customer-relatedprivacy data breach incidents
All achieved
Workplace Safety
To achieve the “Four-Zero” goal for workplace safety, normal operation ofequipment and facilities, compliance with the “Three Simultaneities” safetysystem for project construction,
% completion rate of hazard identicationand rectication, etc.
All achieved
2223
Our Philosophy: Crafting Fine Liquor for a Happy LifeAnhui Gujing Distillery Company Limited
ESG Topic ManagementIn alignment with macro policy directions, industry development trends, and our business realities, and in accordance with therequirements set by the SASAC and stock exchanges, we established a four-step process comprising stakeholder selection, topicidentication, materiality assessment, and validation to conduct materiality management and analysis from nancial materialityand impact materiality. We identified
key topics and collected1,517questionnaires. By benchmarking against leadingenterprises and gathering expert insights, we conducted a materiality assessment, categorized and prioritized the topics, andemphatically analyzed the nancial materiality of
key topics. Based on this, we developed an ESG materiality matrix, which wassubmitted to the Strategy and ESG Committee for review and approval to determine reporting scope and disclosure priorities.
Note: The nancial materiality assessment is preliminary and will be continuously updated.
Gujing Distillery’s ESG Material Topics
Materiality Assessment of 9 Key ESG Topics
Gujing Distillery’s ESG Materiality Matrix
SNKey ESG Topics
Financial MaterialityAssessment
Impact MaterialityAssessment1Product quality and food safetyHighHigh2Customer serviceHighHigh3Technological innovation and digitalizationHighMedium4Addressing climate changeMediumMedium5Water resource managementMediumHigh6Supply chain management and responsible procurementHighMedium7Occupational health and safetyHighHigh8Pollutant and waste managementMediumHigh9Carbon emissions and energy eciency managementHighMedium
Core Topics
1. Product quality and food safety
2. Customer service
3. Technological innovation and
digitalization
4. Addressing climate change
5. Water resource management
6. Supply chain management
and responsible procurement
7. Occupational health and safety
8. Pollutant and waste management
9. Carbon emissions and energy
eciency management
GeneralTopics
19. Recycling and green packaging
20. Public charity and volunteer services
4. Addressing
climate change
7. Occupational health
and safety
3. Technological innovation and
digitalization
2. Customer service
1. Product quality and food safety
8. Pollutant and waste
management
9. Carbon emissions and energy efficiency
management
5. Water resource
management
6. Supply chain management and
responsible procurement
财务重要性ESG Stakeholder EngagementWith the growing demand for ESG information disclosures among A-share listed companies, we view stakeholder engagement asa key driver of our high-quality development. Utilizing multiple channels, including our ocial website, stock exchange platforms,mainstream media, ESG reports, and WeChat public accounts, we actively communicate our ESG philosophy, share best practices,and respond to stakeholder concerns and expectations. Moreover, we have consistently applied the “Three-Listening andThree-System” approach, which involves listening to customer complaints, employee concerns, and societal voices as well asimplementing the planned task list system, the time and location tracking system, and the result-oriented performance evaluationsystem. Through one-on-one, face-to-face interactions, we integrate stakeholder feedback into our action plans, translating theirinsights into tangible ESG initiatives and solutions.
ESG Capacity BuildingWe place a great emphasis on ESG capacity building by actively participating in various training programs organized by the SASAC,stock exchanges, and third-party professional institutions. We have invited industry experts to deliver lectures to our executives andemployees, thereby enhancing the professional prociency and overall competency of our ESG personnel. Additionally, we haveengaged in the research project on social responsibility of state-owned enterprises guided by the SASAC, have been recognized invarious ESG rankings, including the “ESG Pioneer 100 Index for State-Owned Listed Companies (2024)” and the “China ESG ListedCompanies Pioneer 50 in the Yangtze River Delta Region (2024)” by China Media Group, and once again won the “Guoxin Cup”Top 100 ESG Golden Bull Award. Furthermore, we have actively provided specialized ESG training to our suppliers, distributors, andcontractors, fostering a sound ESG ecosystem among our partners within the industry and supply chains.
ImportantTopics
10. Law-based corporate
governance and compliancemanagement
11. Risk prevention and control
12. Anti-corruption and business
ethics
13. Employee rights and interests,
growth, and well-being
14. Customer privacy protection
and data security
15. Rural revitalization and
regional contribution
16. Responsible marketing and
responsible drinking
17. ESG governance
18. Biodiversity conservation
Gujing Distillery’sOcial WebsiteGujing Distillery’sStakeholderCommunication Form
Gujing Distillery’sWeChat Public Account
Gujing Distillery’s2024 ESG ReportGujing Distillery’s2023 ESG ReportGujing Distillery’s2022 ESG Report
2425
Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company Limited
Our legal review rate (including thelegal review of corporate rules andregulations, economic contracts, majordecisions, and new product R&D)reached
%.
Our anti-corruption educationcoverage reached
%.
We were awarded the honorarytitle of 2022–2023AAA-Level“Contract Compliance andCreditworthy Enterprise”inAnhui Province.
Holding High the Banner of Party Building LeadershipSolidifying Our Foundation through Corporate GovernanceEnsuring Compliance Management and Law-Based OperationsPrioritizing Risk Prevention and Control for Steady and Long-Term GrowthStaying Committed to Combating Corruption and Upholding Integrity
>>>>>
Our Performance
Our Actions
Integrity, Fairness and Transparency
Our Management
At Gujing Distillery, ESG matters have been incorporated into our corporate socialresponsibility framework for overall management. We drive high-quality businessdevelopment through high-quality Party-building practices. Centering aroundthe ESG topics, we uphold the highest standards in environmental management,actively fulfill social responsibilities, and continuously refine our governancestructure. Furthermore, we strengthen the Board of Directors, ensure compliancemanagement and law-based operations, and reinforce anti-corruption initiatives,so as to constantly improve our core functions and core competitiveness.
Adhering to the “one Party branch withone distinctive feature” approach, weselected and nurtured
exemplaryParty-building models.
2627
Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company Limited
Enhancing the Intellectual and Theoretical Competence
Building up the Strength of Primary-Level Organizations
Developing a Strong Contingent of Ocials and Talents
We have firmly established a strong ideological foundation by guiding all Partymembers to consciously become rm believers and loyal practitioners of Xi JinpingThought on Socialism with Chinese Characteristics for a New Era. To rigorouslyimplement the “First Agenda” system, we have organized Party Committee meetingsand Party Committee Theoretical Study Central Group study sessions to promptlyfollow up on studying the important speeches of General Secretary Xi Jinping,consolidated and expanded the achievements of thematic education, and carriedout Party discipline learning and education. With a focus on specialized training,publicity and dissemination, discussions and exchanges, as well as research andinvestigations, we have advanced in-depth learning, thorough understanding,and effective implementation of Party organizations at all levels. We have strictlyimplemented the responsibility system for ideological work, conducted regularanalyses, assessments, and specialized research on ideological work, and convenedconferences on the work of public communication and culture. Through theseinitiatives, we have strengthened deployment in the ideological work and the work ofpublic communication and culture while enhancing public opinion management. In2024, our Party Committee Theoretical Study Central Group held 12 study sessions andengaged 39 participants in exchanges and discussions. Throughout the year, a totalof 3,045 lectures were delivered, reaching an audience of 87,000 people.
We have established a working philosophy that “Party building serves as the foundation of an enterprise, driving its growth andensuring its stability”. With this in mind, we have integrated Party building into corporate governance and business operations.We have established Party branches within workshops, markets, and frontline operations, ensuring that the “red engine” (Partybuilding) acts as a continuous driving force for our development. To enhance standardization and institutionalization, we havelaunched the “Year of Strengthening Primary-Level Organizations” initiative and pushed the scheduled re-election of primary-level Party organizations and the rectication of underperforming Party organizations. Training and education in rotation havebeen conducted for Party members, ensuring full coverage of both full-time and part-time Party aairs personnel. Moreover, wehave further promoted the integration of Party building with business operations by organizing
joint Party-building activities.Adhering to the “one Party branch with one distinctive feature” approach, we have selected and nurtured
exemplary Party-building models. The Party-building assessment mechanism has been optimized, with Party organization secretaries undergoingreviews and assessments of their grassroots Party-building efforts. Based on the assessment results, a list of issues has beenestablished to ensure follow-up rectication and closed-loop management. Furthermore, we have strengthened the CommunistYouth League (CYL) building through Party building, thereby fostering greater vitality among the CYL members and young ocials.
We are committed to developing a contingent of highly competent ocials with rm faith and excellent conduct through practicaleorts, laying a solid talent foundation for our development. We have co-opted
new Party Committee members and by-elected
new Discipline Inspection Committee member to strengthen our leadership team. We have enforced a rigorous selection andappointment process for mid-level management by revising the implementation measures for their selection, appointment,supervision, and management. We have strengthened the application of comprehensive assessment results, promoted job rotation,and standardized open competition for positions. Moreover, we have held the conference on talent-related work and advanced the“Seedling Program” and the “Inheritance Program”. Sustained eorts have been made to provide professional skills training andorganize distinctive learning and practical activities such as hands-on experiences in the workshop and volunteer services for majorevents. Additionally, we have selected outstanding ocials for training at higher-level organizations, with the aim of developing ahigh-caliber contingent of ocials and talents in all aspects.
Holding High the Banner of Party BuildingLeadershipUpholding the Communist Party of China (CPC) leadership and strengthening Party building are the glorious traditions and uniqueadvantages of state-owned enterprises (SOEs), forming the very “roots” and “soul” that underpin their development. In 2024,we followed the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and earnestly implementedthe guiding principles of General Secretary Xi Jinping’s important discourse on Party building in state-owned enterprises, ensuringthat key political tasks, including studying and implementing the guiding principles of the 20th CPC National Congress, the thirdplenary session of the 20th CPC Central Committee, and General Secretary Xi Jinping’s important speech during his visit to Anhui,as well as Party discipline learning and education, have been eectively implemented. These eorts serve as a strong politicalguarantee for our high-quality development. Strengthening the Party PoliticallyWe uphold overall Party leadership by firmly placing political development at the forefront of our corporate priorities andregarding absolute loyalty to the Party as the foremost political virtue and the fundamental political condition for all businessendeavors. We are a staunch supporter of establishing both Comrade Xi Jinping’s core position on the Party Central Committeeand in the Party as a whole and the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Erawhile remaining committed to upholding Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as awhole and the Party Central Committee’s authority and its centralized, unied leadership. We have rigorously enforced the Party’spolitical rules and discipline and strictly implemented the system for requesting instructions from and submitting reports to theCentral Committee, ensuring that the work of our Party Committee advances in the right direction. We have scrupulously fullledthe political responsibility of the leading Party members group in setting the right direction, keeping in mind the big picture, andensuring the implementation of Party policies and principles. The Secretary of the Party Committee has conscientiously fullledthe responsibility as the “rst person in charge”, while Party Committee members have diligently performed their Party-buildingresponsibilities in addition to their prescribed duties. Party members in positions of leadership have maintained their participationin both the democratic meetings for leaderships and the regular Party activities at the grassroots level. In this way, we haveeectively played the exemplary role of leading ocials, the “key few”.
In August 2024, a delegation from the municipal Party committee onstudying and implementing the guiding principles of the third plenarysession of the 20th CPC Central Committee held a lecture at Gujing.
In October 2024, our Party Committee held a seminar on conveyingthe guiding principles of General Secretary Xi Jinping’s importantspeech during his visit to Anhui.神
Examples of Party-Building Models Upholding “One Party Branch with One Distinctive Feature”
The Party Branch of No. 3 Workshop,Finished Product Bottling Department II
The Party Branch of the Procurement
Center
The Party Branch of Digitalization
Center
The Party branch has established
the “Three Connections and One
Support” humanistic Party-building
brand, which encompasses
“People Connection”, “Business
Connection”, “Management
Connection”, and “Heartfelt
Support”, striving to bring tangible
benets to employees.
The Party branch has established an area ofresponsibility for Party members featuring “ThreeIntegrations and Three Demonstrations”, whereParty members integrate into their positionsby showcasing their identities and acting aspioneers, integrate into designated areas bymaking commitments and solving challenges,and integrate into the frontlines by upholdingtheir image and taking practical actions. Theserequirements urge Party members to fully playtheir parts.
The Party branch has launched ane-Party building platform “DigitalVanguard” to solve user problemsand ensure the stable operation ofthe business system.our Party Committee TheoreticalStudy Central Group held
study sessions and engaged
participants in exchanges anddiscussions.Throughout the year, a total of3,045
lectures were delivered,reaching an audience of
87,000
people.
2829
Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company Limited
Strengthening the Board of Directors
Protecting Shareholders’ Rights and Interests
A well-functioning Board of Directors is the cornerstone of the steady development of a company. Our Board of Directors consistsof
directors, including
independent directors and
female director. The Board members, with diverse and professionalbackgrounds, can give multidimensional insights into corporate strategies and decision-making and provide comprehensiveintellectual support for the development of the Company.In strict compliance with modern corporate governance principles, our Board of Directors has established comprehensive rulesof procedure and decision-making processes. All major issues must undergo thorough discussion, rigorous evaluation, anddemocratic voting to ensure scientic and impartial decision-making. Independent directors conscientiously perform their dutiesand play a critical role in the Board of Directors by participating in decision-making, conducting supervision and counterbalance,and providing professional advice, so as to safeguard the overall interests of the listed company and protect the legitimate rightsand interests of minority shareholders.We are committed to ensuring shareholders’ right to be informed by fullling our statutory disclosure obligations with authenticity,accuracy, completeness, and timeliness. We pay attention to the interactions and exchanges with our investors, includingshareholders, and actively engage in diversified and adequate communication. To closely align corporate development withinvestor expectations, we regularly hold shareholders’ meetings to communicate our business performance and major decisionswith investors while extensively collecting their views and suggestions. Meanwhile, we facilitate real-time engagement withinvestors via multiple channels, such as performance briefings, investor hotlines, and the Shenzhen Stock Exchange OnlineInteractive Platform (irm.cninfo.com.cn), promptly answering their inquiries and enabling them to get rst-hand information aboutthe Company. We received an A-level evaluation in the information disclosure assessment of listed companies on the main board ofthe Shenzhen Stock Exchange for the years 2023-2024.While pursuing business growth and development, Gujing Distillery remains committed to delivering sustainable and competitiveshareholder returns and sharing the results of our business development with our investors. In 2024, we carry out cash dividendsat a higher proportion, implementing the 2023 dividend plan to distribute a cash dividend of RMB
45.00
(including tax) for every
shares; the board of directors has approved the 2024 interim dividend plan and plans to distribute a cash dividend of RMB
10.00
(including tax) for every
shares. Thosenot only generated substantial returns for investors and reinforced their trustand condence in the Company but also further showcased our strength and development potential.
Gujing Distillery’s Governance Structure
Shareholders’ Meeting
Chairman
Board of Directors
Executive Deputy General Manager
Deputy General Manager
Audit Committee
Remuneration and Appraisal Committee
Strategy and ESG Committee
Nomination Committee
Board of Supervisors
General Manager
Shareholders’Meeting
Strictly complies with the applicable laws and regulations in the People’s Republic of China, such as theCompany Law and the Rules of Procedure for the Shareholders’ Meeting, ensuring that all convening,holding, and voting procedures of the Shareholders’ Meeting are strictly regulated.Fully safeguards shareholders’ rights and interests and upholds fair and equal treatment of allshareholders, with a particular focus on minority shareholders.In 2024, we held
annual Shareholders’ Meeting.
Board ofSupervisors
The Board of Supervisors comprises
supervisors, including
employee supervisors. The numberof supervisors and the composition of the Board of Supervisors fully comply with legal and regulatoryrequirements.All supervisors, following the Rules of Procedure for the Board of Supervisors, oversee the major issues,related-party transactions, and nancial conditions of the Company and ensure that the Board membersand senior executives strictly comply with relevant laws and regulations in fullling their duties.In 2024, the Board of Supervisors held
meetings.
Management
Authorized by the Board of Directors and acting within legal mandates, the management is responsiblefor organizing production and operation aairs, implementing the Board resolutions in a coordinatedway, and actively reporting work progress to the Board of Directors.
Solidifying Our Foundation through CorporateGovernance
At Gujing Distillery, we rigorously comply with applicable laws and regulations in the People’s Republic of China, such as theCompany Law, the Securities Law, the Code of Corporate Governance for Listed Companies in China, and the Rules Governing theListing of Shares on Shenzhen Stock Exchange. In line with the requirements for building a modern corporate system, we haveestablished and continuously rened our governance structure consisting of the Shareholders’ Meeting, the Board of Directors, theBoard of Supervisors, and the management to ensure scientic decision-making, ecient execution, and robust oversight. With astrong emphasis on protecting investors’ rights and interests, we have eectively protected the legitimate rights and interests ofshareholders, particularly those of minority shareholders, so as to deliver long-term value for our investors.Governance FrameworkWe have revised the Articles of Association and other governance documents to constantly enhance our corporate governanceframework. Our sound and ecient corporate governance structure, comprising the Shareholders’ Meeting, the Board of Directors,and the management, ensures a corporate governance mechanism with well-dened powers and responsibilities and standardizedoperations, thereby eectively guaranteeing the scientic rigor of our governance decisions.
Headquarters’ Functional Departments & Subsidiaries
Board ofDirectors andSpecializedCommittees
In accordance with the Articles of Association, the Rules of Procedure for the Board of Directors, theIndependent Director System, and other relevant systems, the Board members diligently fulfill theirresponsibilities and obligations and actively participate in training programs to ensure the scientic andaccurate decision-making of the Company’s major issues.The Board of Directors has established four specialized committees, namely the Audit Committee,the Nomination Committee, the Remuneration and Appraisal Committee, and the Strategy and ESGCommittee. These committees provide scientic and professional advice for the decision-making of theBoard of Directors.In 2024, the Board of Directors held
meetings and the specialized committees under the Board ofDirectors held
meetings.
3031
Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company LimitedEnsuring Compliance Management and Law-Based OperationsWe are committed to establishing a comprehensive compliance management system, advancing the implementation of the 2023–2025 Action Plan for Building a Law-Based New Gujing, and maintaining an unwavering dedication to integrity management andcorporate governance according to the law.Compliance Management System
Advancing Law-Based Corporate Governance
We adhere to the guidance of Xi JinpingThought on Socialism with ChineseCharacteristics for a New Era, thoroughlyimplement Xi Jinping Thought on theRule of Law, aim to deeply promote theconstruction of a law - based Gujing,continuously strengthen the compliancemanagement of the enterprise, andpromote the innovation, qualityimprovement, efficiency enhancementand all - round development of theenterprise's law - based construction.Through practical exploration, we haveconstructed a "1 + 5 + 1" law-basedGujing model.Lead Department for Compliance ManagementThe Legal Aairs Department serves as the lead department for compliance management, is responsible for organizing,coordinating, guiding, and supervising compliance management work, and providing compliance support for otherdepartments. Its main responsibilities include:
(I) Reporting major issues on compliance management to the Compliance Committee;(II) Researching and drafting compliance management plans, work reports, fundamental policies, and specic regulations;(III) Participating in legal and compliance reviews of major issues of the Company and providing opinions and suggestions;(IV) Guiding the compliance management work of all business units, organizing compliance risk identification, earlywarning, and inspections, and leading the responses to major compliance risks;(V) Organizing and implementing the annual compliance training program.Compliance Ocers
Each business unit is primarily responsible for compliance management, with dedicated Compliance Ocers and ComplianceLiaisons assigned. Compliance Ocers are designated among the relevant heads of the business unit and are responsible forconducting compliance reviews of the business management activities within their respective departments or areas.Compliance LiaisonsCompliance Liaisons are selected from key personnel within business units and are responsible for gathering compliancerisk information and assisting in compliance risk identification, assessments, early warning, reporting, and trainingactivities within their business units.
Conductinglegal andcomplianceeducation
Incorporated legal compliance education into our training system and conducted
study sessionscovering Xi Jinping Thought on the Rule of Law, the Company Law, the Regulations on Disciplinary Actionsfor State-Owned Enterprise Executives, and other relevant laws and regulations, as well as Party rules.
Hosted over
training sessions on compliance matters and the newly revised Company Law formanagement personnel.
Provided insights into new laws and regulations, analyze typical legal issues, and learn excellentcompliance practices.
Successfully organized the First Bozhou Legal Compliance Knowledge Contest and the Bozhou “GujingCup” Civil Code Knowledge Quiz.
Established a communication and negotiation mechanism with the People’s Procuratorate of BozhouCity to set up a Procuratorial Business Protection Workstation to jointly foster a legally sound businessenvironment.
Enhanced the compliance review mechanism for major issues by releasing the Notice on Strengtheningthe Legality Review of Major Issues. In 2024, we issued
legal opinions on major legal issues.
Enhanced the efficiency of litigation case management by analyzing typical cases, summarizinginsights from similar cases, identifying management weaknesses and vulnerabilities, and implementingtargeted improvements to systems and processes, thereby fostering a virtuous cycle through case-basedmanagement enhancement.IntegratingBusinessand LegalCompliance
Improved the construction of the institutional system, reect the requirements of institutional constructionthroughout the entire process, all aspects, and all levels of enterprise operation and development, andpromote the modernization of enterprise governance.
Strengthened the implementation of systems, fill management gaps, develop
systems for datamanagement, revise and improve
systems for cost management , and help employees fully andaccurately understand and apply the systems.OptimizingtheInstitutionalSystem
Continued to optimize the application of the contract management system, organized
thematicactivities on enhancing contract management.
Strengthened contract standardization and process supervision to further prevent and control contractrisks.
Awarded the honorary title of 2022–2023 AAA-Level “Contract Compliance and Creditworthy Enterprise”in Anhui Province.EnhancingContractManagement"1 + 5 + 1" law-based Gujing model
Adhere to integrating the Party's leadership into allaspects of managing the enterprise in accordancewith the law.Adherence
Establish a compliance management system.System
Enhance the ability of legal guidance, enhancethe ability of governance in accordance with thelaw, enhance the ability of contract management,enhance the ability of risk prevention and control,and enhance the ability of legal safeguard.
Enhancements
3233
Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company LimitedPrioritizing Risk Prevention and Control forSteady and Long-Term GrowthAt Gujing Distillery, we place great emphasis on enterprise-wide risk management. We have continuously optimized our enterprise-wide risk management system and established clear risk management objectives, with a view to ensuring strong organizationalsupport and adequate human resources while promoting our sustained, sound, and steady development. In 2024, no major riskincidents were reported.
Internal Control Management
Establishing a Sound Internal Control SystemWe have established the Basic Standards for Enterprise Internal Control and an internal control system in tandem with actualbusiness operations to ensure compliance and orderliness in all business activities. Meanwhile, we have developed andimplemented the Internal Control Management Manual of Anhui Gujing Distillery Company Limited, aiming to further refineour internal control work, ensure that internal control initiatives function in a standardized and systematic manner, minimize ormitigate risks, and enhance our operational and management level.
Strengthening Internal AuditsAs a critical line of defense in risk management, internal audits play an essential role in supervision and evaluation. In 2024, wefocused on three key pillars, i.e., core business, research-based audit, and talent development, to enhance internal audit qualityand eciency, thereby supporting the Company’s overall high-quality development.
Legal review rate (including the legal review of corporate rules and regulations, economic contracts, major decisions, and newproduct R&D)（%）20232024
1999.955100
Major legal cases supervised（Cases）Economic contract fulllment rate（%）
2023年2023年2024年2024年
Building a value-added audit system with a focus on core business
We have adopted a problem-oriented approach and actively explored building a modern internal audit system with risks asthe orientation, control as the priority, governance as the goal, and an increase in value as the purpose.
We have constantly expanded the audit scope with the aim of adding value.
We have strengthened the internal control system with risk management as the orientation.
We have supported value-added sales in the market by combining checking and prevention.
We have strictly controlled engineering quality and costs through process follow-up.
We have pooled eorts to enhance supervision eectiveness by integrating discipline inspection with auditing.Deeply conducting research-based audits to achieve phased targets
Considering research-based internal auditing as an important topic, we have incorporated it into the entire audit process.
During the implementation phase, we have adhered to a problem-oriented approach, traced issues to their root causes,
conducted thorough assessments, and formulated well-founded audit recommendations.
During the rectification phase, we have established a long-term rectification mechanism by formulating rectification
policies, holding rectication meetings, and conducting follow-up supervision.
During the outcome application phase, we have summarized and collected typical and recurring issues, strengthened
warning education, and enhanced risk early warning.3611,9344411,001
Civil litigation cases（Cases）Civil litigation claims（RMB 10,000）
2023年2023年2024年2024年
Gujing Distillery organized the First Bozhou Legal ComplianceKnowledge Contest.
Gujing Distillery provided compliance management training formiddle and senior managers.Gujing Distillery’s Performance in Law-Based Corporate Governance
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Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company Limited
Risk Management
Risk Management SystemWe have established an enterprise-wide risk management department to promote the implementation of specific tasks in thearea of risk management. Each business unit designates key personnel as risk management specialists, who are responsible foridentifying and assessing risks as well as formulating mitigation measures. This top-down approach with great attention and clearaccountability at all levels has eectively fostered the establishment of a robust risk management system and ensured the orderlyadvancement of risk management eorts.
Anti-Corruption
Upholding Business Ethics
Business ethics serve as the foundation of our corporate growth. We uphold the principles of integrity, fairness, and transparency,and incorporate them into every aspect of our operations. In supplier management, all suppliers are required to sign the IntegrityCommitment Agreement, strictly prohibiting any form of commercial bribery or improper benefit transfers. In 2024,
of ouremployees proactively rejected and promptly reported unethical supplier practices, and earned company-wide commendation,setting an example to inspire all employees to foster a clean and upright political atmosphere through concrete actions.
Risk Identication and AssessmentWe have conducted annual risk assessments. Gaining insights from government policies, external risk incidents, and typical cases,we have evaluated the exercise of powers and the implementation of accountability within the Company, conducted targeted riskinvestigations on key links and major businesses, and analyzed internal and external risk factors that may greatly impact corporateoperations and management from multiple dimensions. Additionally, we have convened specialized meetings in a timely mannerto formulate countermeasures and implementation plans, eectively optimizing and enhancing our risk management system.
Fostering a Risk Management CultureWe have integrated risk management into our corporate culture and incorporated risk management concepts into our dailyoperations. Our internal platform irregularly disseminates risk management-related content, aiming to foster a risk managementculture. Furthermore, we have conducted risk training programs in diverse forms, including internal and external training, on-the-job audit training, and simultaneous audit and training sessions. Through these initiatives, we have enhanced employees’awareness and understanding of risk management, empowered all units to timely identify, analyze, and guard against risks, andultimately ensured eective management of risks.
Staying Committed to Combating Corruptionand Upholding Integrity
We uphold a zero-tolerance policy against bribery, fraud, money laundering, and unfair competition in strict compliance withrelevant laws and regulations of the People’s Republic of China, including the Company Law, the Anti-Money Laundering Law, theAnti-Unfair Competition Law, the Interim Provisions on Banning Commercial Bribery, and the Several Provisions on Clean Conductfor Leaders in State-Owned Enterprises.Anti-Unfair CompetitionWe hold fast to fair competition as a fundamental business principle and rmly believe that only a fair and just market order canfoster the sound development of the whole industry and create greater value for society. To this end, we have established codesof conduct for our employees in market competition to prevent irregular conduct from the institutional level. In daily operations,we closely monitor market dynamics. If signs of unfair competition arise, we promptly initiate investigations to safeguard theCompany’s legitimate rights and interests in compliance with legal regulations.
Due Diligence
We have formed a review team consisting of the Financial Management Center, Corporate Management Center, Internal AuditCenter, and Digitalization Center to conduct due diligence on internal control of institutional processes. By organizing
processes around the supply chain module and production module,
processes were standardized through mode optimization,informatization, standardization, and breaking departmental boundaries, and
suggestions were implemented to improvework quality and eciency; Reduce manual duplicate storage by
116,200
times per year; Standardize business management,prevent risks, and achieve cost reduction and eciency improvement.
In April 2024, Mingguang Liquor hosted the 18th Joint Conference on Anti-Unfair Competition for Leading Baijiu Enterprises in Anhui Province.
Led byEnterprise-Wide Risk Management Department
Responsible for promoting the implementation ofspecic tasks in the area of risk managementImplemented
by
Designated key personnel
Responsible for identifying and assessing risks aswell as formulating mitigation measures
Cultivating outstanding auditors through various measures
To build a robust audit team, we have taken various measures such as job rotations, assuming a temporary post fortraining and development, and learning from examples.
auditor was recognized as an Outstanding Ocial in Inspections by the Municipal Committee.
We organized employees to attend the training sessions on theoretical research organized by the Anhui Audit Society forcore auditors, conducted online training on economic responsibility auditing and compliance auditing, and leveragedmultiple channels to drive audit innovations.
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Our Management: Integrity, Fairness and TransparencyAnhui Gujing Distillery Company Limited
Combating Corruption and Upholding Integrity
Gujing Distillery’s Performance in Combating Corruption and Upholding Integrity
Indicator202220232024Anti-corruption education coverage (%)100100100Anti-corruption training hours for Board members (hours)——3869Anti-corruption training hours for employees (hours)——24,60831,882Employee integrity training coverage (%)100100100Resolved corruption lawsuits (cases)000Integrity review coverage (persons)193431363Total number and percentage of Board members accepting anti-commercialbribery and anti-corruption training (%)
100100100Total number and percentage of management accepting anti-managementbribery and anti-corruption training (%)
100100100Total number and percentage of employees accepting anti-management briberyand anti-corruption training (%)
100100100
Establishing Unimpeded Supervision ChannelsTo facilitate various supervision and reporting channels for employees, we have established reporting mailboxes, launched a
-hour complaint and reporting hotline, made our contact numbers and email addresses publicly available, and set up “ethicalmonitoring points” across our grassroots units and service areas. Employees are encouraged to actively participate in supervisionand report any potential violations of ethical standards or legal regulations within the Company’s operations.
Whistleblower Protection MechanismWe strictly comply with the Working Rules for Handling Reports and Complaints by Discipline Inspection and Supervision Agencies,rigorously implementing condentiality requirements and the recusal system. We have established a Case Management Oce,assigned dedicated personnel to accept reported cases, and standardized the registering, submitting, and handling processes.When handling reported cases, any information that could reveal the whistleblower’s identity is concealed to protect their legalrights and interests to the greatest extent possible. Moreover, we have strengthened education and supervision while strictlyenforcing case-handling discipline. Investigators are explicitly reminded of confidentiality rules and case-handling safetyrequirements before handling any case and the accountability of the investigation team leader is further reinforced to ensure thatall cases are handled fairly, lawfully, and eciently.
EnhancingPoliticalOversight
We conducted targeted supervision campaigns to study, publicize, and implement the guiding principlesof the 20th CPC National Congress, the third plenary session of the 20th CPC Central Committee, andGeneral Secretary Xi Jinping’s important speech during his visit to Anhui, oversaw and inspected theimplementation of full and rigorous Party self-governance in primary-level Party organizations, andlaunched special initiatives to strengthen oversight on leading bodies, so as to identify issues andsupervise the rectication.
Shouldering principal responsibilities earnestly. We developed the List of Work Tasks in AssumingPrincipal Responsibilities for Full and Rigorous Party Self-governance in 2024, followed up theimplementation of leading bodies and their heads in assuming principal responsibilities for full andrigorous party self-governance on a quarterly basis, and promoted disciplinary inspections andrectication.
The Work Plan for Rectifying and Supervising Issues Identied in Disciplinary Inspections by theDiscipline Inspection Committee was formulated, and a dedicated oversight team was establishedto follow up and supervise the entire process of rectifying the issues identified in disciplinaryinspections.
Conducting
IntegrityEducation
Strengthening centralized education. We hosted integrity education training sessions and warningeducation conferences and learned confession statements from those who violated disciplinesand laws, aiming to ensure that all Party members and management personnel remain vigilant,abide by principles, and hold discipline in awe.
Integrating on-site education. We organized Party members and management personnel toaccept warning education at the Municipal Anti-Corruption Education Center and participate incourt hearings, thereby deepening their understanding and reverence for disciplines and laws.
Focusing on education at different levels. We conducted training sessions for grassroots andnewly promoted managers themed “Building an Upright Gujing with Strict Discipline” anddelivered disciplinary education lectures at subsidiaries and sales markets.
Strengthening
RoutineSupervision
We focused on risk points of integrity and emerging and tendentious problems and promptedParty organizations at all levels to conduct discussions on assuming principal responsibilities.Besides, we ensured integrity in personnel selection and appointment and conducted ethicalscreenings of candidates for promotions, nominations, awards, and recognitions. Moreover, wecarried out random audits of subsidiaries’ loans and procurement transactions to fully performour principal and oversight responsibilities for strengthening supervision and preventing risks.
Upholding a problem-oriented approach and strengthening comprehensive rectifications. Weconducted in-depth investigations into Party members and officials illegally doing businessor engaging in private lending and other profit-driven activities. Additionally, we advancedspecialized rectification efforts targeting corruption in project bidding within the constructionsector and the illegal trading of stocks.
Remaining vigilant at critical moments to maintain a clean and upright work environment. Duringfestive periods, we issued reminder notices, sent integrity reminders via SMS, and conductedspecial oversight on holidays to foster an atmosphere of integrity during holiday periods.Moreover, we issued the Notice on Strengthening Warning Education for Drink-Driving and DrunkDriving, using case studies as warnings to educate employees, consciously reinforce law-abidingawareness, and resolutely eliminate the drunk driving behavior.
Gujing Distillery’s Whistleblowing ChannelsHotline:0558-5718060Email:gjjtjw@163.com
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
A total of over RMB
million in grants and scholarships was distributed through theGolden Autumn Student Assistance and Scholarship Program, beneting more than1,500students.
The proportion of female managers(mid-to-senior level) was
8.10
%.A total of RMB10,378,700wasinvested in workplace safety.
The comprehensive energy consumptionper RMB 10,000 output reached
0.04
tons of standard coal per RMB 10,000.
% suppliers signed the IntegrityCommitment Agreement.
The brand value of “Gujinggong”reached RMB
375.756
billion,ranking fourth in China’s baijiu industryand first in Anhui Province’s liquorsector.A total of RMB
million was investedin R&D.
>>>>
>>>>
Ensuring Safety and Stability throughCoordinated ManagementNurturing Talented Personnel andCaring for EmployeesPromoting Industry-Wide Prosperitythrough Win-Win CooperationMaking Charitable Eorts and GivingBack to Society
Our Actions
Building on Integrity, Crafting FineLiquor, Upholding Self-Discipline, andBeneting Society
Our Practices
The product pass rate at the factoryreached
%.Our Performance
Gujing Distillery remains steadfast in serving national strategies and meetingthe needs of the people and upholds the core values of “building on integrity,crafting fine liquor, upholding self-discipline, and benefiting society”. With adedicated focus on our primary business baijiu, we are committed to deliveringsuperior quality and services, continuously enhancing brand value, and driving thedevelopment of new quality productive forces through technological innovationand digitalization. Furthermore, we actively protect the ecological environment,improve people’s well-being, and foster a harmonious and mutually beneficialcorporate ecosystem, wholeheartedly contributing to a better life for the people.
Delivering Genuine Quality andExceptional ServicesStrengthening Brand Prestigethrough Cultural InuenceAdvancing Innovative Developmentwith Science and TechnologyFostering a Pleasant EcologicalEnvironment
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company LimitedDelivering Genuine Quality and ExceptionalServiceWe adhere to the principles of “quality foremost” and “customer rst” and strictly comply with applicable laws and regulationsof the People’s Republic of China, including the Product Quality Law, the Food Safety Law, the Advertising Law, and the Law on theProtection of Consumer Rights and Interests. We have launched the “Three Excellence Initiative” centered on pursuing excellencein quality, integrity, and branding and continuously advanced our comprehensive quality project. All of our eorts aim to achievefull lifecycle quality control from grain to liquor. Moreover, we have constantly improved our customer service system and regulatedour marketing practices, striving to become the most popular and respected baijiu company in China.Quality Control
“Excellence in quality” is the cornerstone of Gujing Distillery’s “Three Excellence Initiative”. We are dedicated to crafting superiorbaijiu, rigorously implementing the quality control guidelines, and developing our distinctive quality construction system consistingof “Four Pillars and Eight Cornerstones”. By enforcing a matrix-based quality control system, we have fully implemented our “135Lean Quality” management model and strengthened full-process, end-to-end quality control from raw material breeding to nalproduct delivery. As a result, we have received numerous honors, including the National Advanced Enterprise in Quality Integrity,the National Trustworthy Product in Quality Inspection, and the National Consistently Qualied Product in Quality Inspection.
Full-Process, End-to-End Quality Control
We have established a robust quality organizational network covering corporate leadership, functional departments, andindividual positions. The Company’s principal leaders are responsible for planning and deploying the overall quality work, whilethe Technology and Quality Center, Procurement Center, Brewing Management Center, and Digitalization Center perform theirduties and collaborate with each other. In this way, we have promoted the implementation of the principal accountability andquality responsibility system for all employees within the Company from top to bottom. Through various initiatives, includingdeepening the operation of “Four Institutes and One Laboratory” (see details in the section “Keywords of Gujing”), building acomprehensive quality control system, improving our liquor brewing quality at the Intelligent Industrial Park, and rolling out thedigital and intelligent Quality Management System (QMS), we have achieved the full lifecycle quality control from grain to liquor.
Note: The “135 Lean Quality” management model has been recognized as a “Quality Benchmark for Industrial Enterprises” by the Ministryof Industry and Information Technology (MIIT) of the People’s Republic of China.
Gujing Distillery’s Distinctive “135 Lean Quality” Management ModelZero major quality incidentsZero food safety incidents100% product pass rate in market sampling
inspections0% product withdrawal and recall rate
AchievedAchievedAchievedAchieved
Quality Control and Food Safety Objectives & TargetsAchievement Status in 2024
Product pass rate at thefactory (%)
Product batch inspection
coverage (%)
Product pass rate in market
sampling inspections (%)
Product withdrawal andrecall rate (%)
2021
2022
2023
2024
“Four Institutes and One Laboratory” refer to Chinese Baijiu Healthy Research Institute, Gujinggongjiu ·Nianfenyuanjiang Grain Research Institute, Gujinggongjiu · Nianfenyuanjiang Quality Research Institute, Gujinggongjiu· Nianfenyuanjiang Culture Research Institute,and Key Laboratory of Solid-State Fermentation Intelligent BrewingTechnology in Anhui Province.
Keywords of Gujing
++
“1”
Guided by the Performance Excellence Model (PEM)“3”
Supported by three core systems—quality, food safety, and integrity“5”
Guaranteed by ve key “Lean Quality” actions based on the Plan-Do-Check-Act (PDCA) cycle
Gujing Distillery’s “Four Pillars and Eight Cornerstones” Quality Expression System
Four PillarsEight Cornerstones
Gujinggongjiu · Nianfenyuanjiang Grain Research
Institute
Gujinggongjiu · Nianfenyuanjiang Quality Research
Institute
Chinese Baijiu Healthy Research Institute
Gujinggongjiu · Nianfenyuanjiang Cultural Research
Institute
Scientic Grain Utilization
Baijiu Traceability
Quality Control Guidelines
Lean Quality
Intelligent Manufacturing
Flavor and Health
Inheritance of Intangible Cultural Heritage
Contribution and Sharing
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Selecting Premium Raw MaterialsGreat baijiu begins with superior raw materials.We rigorously select raw grain suppliersand subject every raw material to stringentscreening. By placing our “first workshops”(i.e., the first stage of production) in high-quality grain-producing areas nationwide, we,in collaboration with major grain enterprisesand farmers, have built raw grain plantingbases in high-quality grain-producing areas inthe three counties and one district of Bozhou,Anhui Province to cultivate raw materialstailored to our needs. With over
500,000
mu (a traditional unit of land area in China,equal to 0.0667 hectares) of dedicated grain-producing areas, we have achieved the goal of“from eld to workshop”, ensuring the use ofpremium grains for liquor production.
Stringent Brewing ProcessWe prioritize the liquor brewing quality at the Intelligent Industrial Park, rigorously enforce production standards and processcontrol, and ensure meticulous operations in every production stage. Weekly inspections have been organized to assess theimplementation of brewing and qu (a sacchariferous and fermentative agent used for baijiu production) making processesand standardized operations across all departments, followed by a review and verification of corrective actions. With a focuson integrating traditional brewing techniques with digital technologies, we have continuously refined solid-state fermentationprocesses, optimized operation standards and moisture parameters, and gradually enhanced equipment management, therebyconstantly improving the yield and quality of raw liquor.
Enhancing Bottling ManagementRecognizing baijiu bottling as a critical quality control step, we maintain a clean, well-ventilated environment in the bottlingworkshop with proper temperature and humidity. Bottling equipment undergoes regular cleaning and disinfection, with pre-bottling inspections of raw liquor quality and packaging integrity. Moreover, we have provided training for bottling staff andmade steady progress in the automated bottling project. During the reporting period, defect rates in nished product inspectionscontinued to decline. No. 1 Workshop of the Intelligent Industrial Park reached design capacity and No. 2 Workshop of theIntelligent Industrial Park successfully started production.
During the reporting period, Gujing Distillery successfully conducted exchange activities on building the “comprehensive qualitycontrol” system with its subsidiaries, including Yellow Crane Tower Distillery, Mingguang Liquor, and Zhencang Distillery. Theseinitiatives have driven improvements in quality and food safety management, standardization, and equipment automation acrossthe subsidiaries.
Exchange Activities on Building the “Comprehensive Quality Control” System
Reinforcing the “Comprehensive Quality Control” SystemWe have organized and completed internal audits of Quality, HACCP,and Integrity Management Systems, identifying and addressingover
issues. The annual management review has beenconducted and
management topics have been improved.Meanwhile, we have rened and implemented
criteria outlinedin the Gujinggongjiu · Nianfenyuanjiang Quality Control Guidelineswhile formulating
operating guidelines for intelligent industrialparks, including the Operating Guidelines for the Packaging MaterialStorage (Intensive Storage) Warehouse. Additionally, we haveactively participated in the development of external standards.For example, we have led the formulation of two Anhui provincialstandards and three Bozhou municipal standards while contributingto the approval and release of two industry group standards,thereby enhancing our influence in industry standard-setting.Furthermore, we have successfully passed the annual supervisionand verification for the Quality, HACCP, and Integrity ManagementSystems in 2024 as well as the annual top-grade liquor productcertication. The experience and methodologies in Gujing Distillery’smanagement models, such as the “135 Lean Quality ManagementModel”, the “Intelligent Quality Management Model”, and the“Management Model of Fullling Principal Responsibilities for FoodSafety”, have been systematized and promoted to subsidiaries forwider adoption.
Gujing Distillery’s High-Quality Sorghum Planting Base
Wheat: Sourced from the wheat-producing areas in theYellow and Huaihe river valleys, rich in carbohydrates,proteins, and starch.
Sorghum: Grown in western Liaoning, featuring plumpkernels and high starch content.
Corn: Sourced from major production areas in North andNortheast China.
Rice and Glutinous Rice: Excellent for fermentation andsaccharication properties.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Traceability System Development
Fostering a Culture of Quality
Intensifying Eorts in Systematic Inspection and Market Research
We have established a digital and intelligent Quality Management System (QMS) that automatically updates the details ofpackaging material use, liquor body testing, bottling process execution, and delivery. By virtue of QMS, we have established acomplete quality data traceability chain, which enables fast traceability from raw materials to nished products and vice versa andconstantly strengthens the closed-loop management of issues. Moreover, we maintain zero tolerance for product quality issues andhave established a fast-track quality issue response mechanism. By tracing the root causes of market-reported quality concerns,we have ensured the highest standards of product quality.
Focusing on technological breakthroughs, QC activities, 8D reports, key focus topics, and quality trustworthy teams, we havestrategically planned and launched
quality-themed initiatives. These include publicizing the culture of quality, organizing afood safety co-governance storytelling competition, providing a series of quality and food safety training sessions, conductingsupply chain quality enhancement programs, presenting company-wide quality improvement results, carrying out comprehensivequality risk inspections, and participating in the “Quality Month” activity series in Anhui Province. Additionally, we successfullyhosted the “Second Gujinggongjiu · Nianfenyuanjiang Quality Award” event, recognizing
outstanding organizations and
exemplary individuals to establish quality benchmarks. These eorts have continuously reinforced our culture of quality that “qualitycomes rst, and everyone should value and uphold it”.
We have systematically resolved quality issues through a comprehensive review of products with similar structures and materials.Meanwhile, we have actively engaged in market research on quality concerns by establishing a cross-departmental collaborationand analysis mechanism, with
quality issue communication meetings held across multiple departments. Moreover, we haveclosely monitored suppliers’ quality issue resolutions through over
inspections covering
suppliers. A total of
issueresolution loops were closed and non-compliant suppliers were issued penalty notices.
Gujing Distillery hosted a meeting on packaging material qualityanalysis.
Liang Jinhui, Secretary of the Party Committee and Chairman of Gujing Distillery, presented awards to the winners at the 2024 Gujing DistilleryQuality Award Ceremony.
Gujing Distillery conducted a technical quality market research.
Food Safety ManagementTo reinforce the implementation of “two responsibilities” for food safety (i.e., the territorial management responsibility andthe principal responsibility of enterprises), we have established a Food Safety Committee chaired by the Chairman and a FoodSafety Task Force led by the Chief Engineer to oversee and drive food safety management across the Company. We have helddedicated food safety meetings to refine our implementation plan for fulfilling principal responsibilities for food safety andhave set up a “333311” food safety principal responsibility system. Moreover, we have improved our food safety managementmechanism featuring “daily control, weekly inspection, and monthly scheduling”, conducted company-wide major food safetyrisk assessments, and carried out specialized food safety quality audits. Leveraging digital technologies to manage food safety,we have automated the assessment function for “daily control” over food safety, enabled online health certicate reminders, andestablished a one-click traceability system. Additionally, we have organized targeted food safety training sessions, continuouslylaunched the “one regulation with one test per month” initiative, optimized food safety micro-course materials at various levels,and introduced a monthly food safety championship sharing mechanism to enhance employees’ food safety awareness andmanagement capabilities.During the reporting period, we compiled
issues of the Weekly Food Safety Inspection and Rectification Report, engaged38,000
participants in learning and assessments, and achieved a
% employee training coverage rate. Additionally, weconducted
specialized food safety training sessions within the workshop “Lean Dojo” framework.
Forward Traceability
SuppliersProduction ProcessOptimization andImprovement
Information Feedback
After-SalesQualityManagementManufacturingQualityManagementProcurementQualityManagementR&D QualityManagement
Liquor Body Design
Product and ProcessDevelopment
SupplyManagement
Production andManufacturing
Storage andTransportationManagement
Customers
Reverse Management(Improvement and Enhancement)
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Gujing Distillery’s “333311” Food Safety Principal Responsibility System
In October 2024, the State Administration for Market Regulation held a workshop toexchange experiences in fulfilling corporate principal responsibilities for food safety byFood Safety Director. At the meeting, Gujing Distillery was recognized as a national modelof innovative practice in fullling principal responsibilities for food safety and was the onlyrepresentative from the baijiu industry invited to deliver a speech and share experiences.Gujing Distillery obtained the certificationfor an “Advanced Unit in Fullling PrincipalResponsibilities for Food Safety in AnhuiProvince”.
Gujinggongjiu · Nianfenyuanjiang Tasting event
Customer ServiceUpholding a “customer rst” philosophy and a market concept that “customer needs are our aspiration and customer benetsdefine our value”, we have continually enhanced our service quality, enriched customer experience, attentively listened toconsumer concerns and feedback, and rened our after-sales service system, thereby eectively improving our service level andelevating customer satisfaction.Protecting Customer Rights and InterestsIn strict compliance with the Law of the People’s Republic of China on the Protection of Consumer Rights and Interests, we havediligently fulfilled product quality obligations, improved product quality and service standards, and safeguarded the basicrights and interests of consumers, including the right to know, to safety, and to choose. Furthermore, we have maintained strictcondentiality of customer data, prohibiting unauthorized disclosures and protecting consumer privacy and information security tothe maximum. In 2024, no customer-related privacy data breach incidents were reported.Establishing Unimpeded Communication ChannelsWe have interacted with consumers through various channels such as the global call center, ocial website, e-commerce platform,WeChat, order meetings, tasting events, and customer satisfaction surveys to understand customer demands and expectations.Optimizing After-Sales Service
We have established multiple mechanisms to continuously rene relevant regulations and the after-sales support system, suchas the Customer Complaint Handling Process, the Return and Exchange Management Regulations, the Market Quality InformationFeedback Handling Measures, the Issue List Feedback System, and the Corrective and Preventive Actions Form. These mechanismsensure that every consumer complaint receives a swift response and timely resolution. A dedicated After-Sales Service Departmenthas been in place to handle complaints daily and an issue list system has been implemented to stipulate that a case should not beclosed until it has been fully resolved.During the reporting period, the Company maintained a high standard of eciency and quality in complaint handling.
%of complaints were accepted within 24 hours and
% of complaints were resolved within ve days. More complex cases weresettled within
days.Promoting Consumer EngagementWe have continued to strengthen basicmarket outlets by optimizing the layoutof exclusive stores and establishingbrand cultural experience centers,providing immersive brand experiencesfor consumers. Through events such asthe Peach Blossom Spring Qu Festival,Gujing Fan Festival, and Raw Grain HarvestFestival, we have deepened consumerunderstanding of Gujing Distillery. Moreover,we have intensified our efforts in fivekey consumer engagement initiatives,including tasting events, free drinks forconsumers, raw liquor exploration tours,cooperation with renowned enterprises,and promotional campaigns, while oeringbaijiu customization services to meetdiverse consumer needs.
Corporate executives, Food Safety Director, and Food Safety Ocers
Levels ofManagement
Responsibilities of corporate executives, responsibilities of Food Safety Directors, andregulations/responsibilities of Food Safety OcersCoreResponsibilities
Daily control, weekly inspection, and monthly schedulingPhase Mechanism
Conducting daily inspections against the Food Safety Risk Control Checklist and maintaining
accurate records in the Daily Food Safety Inspection Log
Conducting weekly inspections and compiling the Weekly Food Safety Inspection and
Rectication Report
Organizing monthly scheduling meetings and documenting outcomes in the Monthly Food
Safety Scheduling Meeting MinutesKey Tasks
Food safety education and training assessment systemEvaluation System
Establishing an incentive system for Food Safety Directors and OcersIncentive andAssessment
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Year
SatisfactionIndex
Product PerformanceService QualityLiquor BodyQuality
PackagingQuality
PurchaseConvenience
PurchaseConvenience
PromotionQuality20210.919.229.129.299.359.1120220.929.349.249.399.469.2120230.939.379.319.439.529.2620240.939.409.369.459.529.26
Customer Service Performance
Gujing Distillery Consumer Satisfaction Survey
2021202220232024
Complaint resolution rate (%)100100100100
Number of complaints (cases)1,2632,3723,5152,938
Conducting Customer Satisfaction MeasurementUtilizing the American Customer Satisfaction Index (ACSI) methodology, we have conducted annual customer satisfaction surveys byquestionnaire through independent third-party agencies. These surveys assess customer expectations, perceived quality, perceivedvalue, customer satisfaction, customer complaints, and customer loyalty, which have provided valuable insights for further optimizingcustomer service, enhancing consumer experiences, and strengthening our competitive edge.
Year
SatisfactionIndex
Product PerformanceService QualityLiquorBodyQuality
PackagingQuality
ServiceAttitude
On-SiteService
Anti-CounterfeitSupervision
ReceptionService
FinancialAudit
After-SalesService20210.939.449.159.599.649.069.539.519.5220220.939.519.289.599.669.109.589.569.5420230.949.579.389.599.658.999.549.529.5420240.949.589.389.659.669.069.599.539.56
Gujing Distillery Distributor Satisfaction Survey
Responsible MarketingWe uphold a commitment to integrity in business operations and embrace our mission of “crafting ne liquor for a happy life”. Tothis end, we have continued to regulate our marketing and advertising practices, ensure transparency in our product information,and advocate for responsible drinking and healthy lifestyles.
RegulatingAdvertisingPractices
We strictly comply with applicable Chinese laws and regulations such as the Advertising Law andthe Advertising Management Regulations, standardizing the application, review, and delivery ofadvertising scenarios.
We have strengthened new media oversight by regularly inspecting new media content qualityacross all units and strictly enforcing the “three-tiered review and three-tiered proofreading”policy to prevent misleading or ambiguous marketing tactics.
PromotingResponsibleDrinking
We participated in the 2024 National Responsible Drinking Week event, advocating “ResponsibleDrinking and No Drink-Driving”.
We regularly conducted awareness campaigns to prevent underage and pregnant women fromconsuming alcohol and strictly prohibited employees from operating machinery under theinuence of alcohol.
EnsuringProductInformationTransparency
We have rened packaging and labeling details, including clear indications of ingredients andalcohol content across all baijiu products, and have displayed the warning message “excessivedrinking is harmful to health” on all products to help consumers make informed purchasing anddrinking decisions.
Strengthening Brand Prestige through CulturalInuenceAt Gujing Distillery, we uphold the behavioral philosophy that “everyone represents the Gujing brand, embodies its image, andsets its example”. With this in mind, we have continuously enhanced brand development through diverse marketing initiativesand cultural promotions, so as to strengthen our brand’s modern appeal and international presence. Moreover, we have activelyengaged in global exchanges to showcase China’s aesthetic sensibilities, expressive styles, and cultural condence to the world,using baijiu culture as a medium to show the beauty of China.Strengthening Brand ManagementWe place significant emphasis on brand management by establishing a Brand Committee as the Company’s decision-makingbody on branding and a Brand Management Center to execute brand-related decisions. A series of measures have been takenacross brand design, media publicity, brand activities, and brand enhancement, all aiming at continuously elevating our brandvalue. In 2024, Gujing Distillery received prestigious recognitions, including the “China Time-Honored Brand” and the “CopyrightDemonstration Enterprise in Anhui Province”. Additionally, in the First Cup of Chinese Wine Brand Evaluation (Huazunbei),“Gujinggong” was valued at RMB
375.756
billion, ranking fourth among listed baijiu companies in China and securing the topposition among baijiu companies in Anhui Province.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Amplifying Brand PresenceExpanding International BusinessGuided by the “Three Excellence Initiative”, we have continued to implement an integrated brand marketing strategy. Under theoverarching theme of “One Festival, One Season, One Ceremony, and One Culture Festival” for brand IP events, we have executedhigh-profile title sponsorship campaigns for CCTV’s Spring Festival Gala and the Chinese Poetry Conference while refining ournational high-speed rail advertising initiatives. We have successfully hosted a series of brand IP events in 2024, including the3rd Chinese New Year Culture Festival, the 7th Peach Blossom Spring Qu Festival & the 3rd Gujing Fan Festival, the 4th Raw GrainHarvest Festival, the 11th Autumn Brewing Ceremony and the 5th International Distilled Spirits Technical Forum. Additionally, wehave spearheaded the launch of the “Three Gong Festival” themed “Gong Creation, Gong Contribution, and Gong Sharing”,engaging the public in co-creation initiatives that transformed our branding approach from value transmission to value co-creationand further expanding Gujing’s brand inuence.
We have orchestrated a series of “Gujinggongjiu · Nianfenyuanjiang Fragrant the World” Chinese Baijiu Culture Global Tour (HongKong China Station) event and unveiled the Gujinggongjiu · Nianfenyuanjiang Cultural Research Institute (Hong Kong Center) incollaboration with the Anhui Fraternity Association (Hong Kong). We have visited Kazakhstan and Uzbekistan and inaugurated theGujinggongjiu · Nianfenyuanjiang Cultural Research Institute (Tashkent Center). Additionally, we have accompanied delegationson business trips to markets in Southeast Asia, Australia, and New Zealand for overseas market expansion. Moreover, we haveparticipated in various major events, such as the China International Supply Chain Expo (CISCE) hosted by the China Council forthe Promotion of International Trade (CCPIT), the RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forumhosted by the Foreign Aairs Oce of Anhui Provincial People’s Government, and the Macao International Trade and InvestmentFair (MIF) organized by the CCPIT Anhui Provincial Committee. We have also been the exclusive partner of the RCEP LocalGovernments and Friendship Cities Cooperation (Huangshan) Forum, participated in the World Manufacturing Convention (WMC)for seven years in a row, partnered with the 6th China Corporate Culture Conference, and served as the exclusive partner for the2024 International (Bozhou) TCM Expo. Through these engagements, we have continued to deepen our brand IP recognition andadvocate for our brand proposition of “Crafted in China for the World to Enjoy”.
We systematically developed a series of native brand IP events, including the Peach Blossom Spring Qu Festival, the Raw Grain HarvestSeason, the Autumn Brewing Ceremony, and the Chinese New Year Culture Festival, reinforcing deep-rooted brand storytelling through the“Three Excellence Initiative”.
Let Chinese Baijiu Become the Language of the World
In 2024, the “Gujinggongjiu · Nianfenyuanjiang Fragrant the World” Chinese Baijiu Culture Global Tour expanded to Hong Kong, Kazakhstan,New Zealand, and Australia.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company LimitedAdvancing Innovative Development with Scienceand TechnologyAs AI continues to revolutionize industries, the traditional baijiu manufacturing sector must actively embrace emergingtechnologies, fostering innovation and creativity to “evoke the aroma of baijiu through digital innovation”. At Gujing Distillery, werecognize technological innovation and digitalization as an inexhaustible driving force of our corporate development. Centeredaround our strategic goals, i.e., “building a strong enterprise through science and technology” and “advancing Strategy 5.0 tobuild a digital, international, and law-based new Gujing”, we are committed to strengthening innovation capabilities, advancingthe transformation and application of intelligent and green brewing technologies, and accelerating the development of newquality productive forces. These initiatives have injected momentum into the construction of Bozhou into a City of Baijiu in China.
Innovation ManagementWe have revised key rules and regulations, including the Research Project Management System and the Intellectual PropertyIncentive Measures to establish a well-structured, scientific, and efficient research management system covering the wholeprocess. A Technology Innovation Committee has been formed to advance technological innovation in a coordinated way anda collaborative, efficient innovation governance framework has been established by coordinating efforts across the BrandManagement Center, the Technology and Quality Center, the Corporate Management Center, and two specialized subsidiaries. Thisframework ensures deep integration of the innovation chain with the industry chain through all-round management and preciseevaluation of all scientic projects of the Company.
Organizational Structure of Gujing Distillery’s Technology Innovation Committee
Anhui Gujing Distillery Company Limited
Technology Innovation Committee of AnhuiGujing Distillery Company Limited
Product R&D DepartmentIntellectual Property Department
Brand Management
Center
Technology
DepartmentGeneral Aairs
Department
Market Oce
Anhui Run’an XinkeTesting Technology
Co., Ltd.
Food Physicochemical AnalysisLaboratory
Traditional Chinese Medicineand Processing Product AnalysisLaboratory
Ecological Environment andResource Physicochemical AnalysisLaboratoryAgricultural Products and ProcessingPhysicochemical Analysis Laboratory
Liquor Body Design LaboratoryLiquor Body Evaluation LaboratoryLiquor Body Design
Center
Quality Management OceNew Product R&D Laboratory
Standardization Management OceQuality Control
Center
Technology Center
Food Safety Research Laboratory
Brewing Technology Research
Laboratory
Flavor Technology Research
Laboratory
Baijiu Health Research Laboratory
Technology and
Quality Center
Project Management Department
Lean Management Oce
Energy Conservation andEnvironmental Protection DepartmentEquipment Management Department
CorporateManagement Center
Bioengineering
DepartmentTechnologyDevelopmentDepartmentGeneralManagementDepartmentAnhui Ruisi WeierTechnology Co., Ltd.Gujing Distillery’s Technological Innovation Performance
Technological Innovation and Digitalization Objectives & TargetsAchievement Status in 2024
Technological Innovation:
To deepen the operations of “Four Institutes and One Laboratory”, focus onbaijiu R&D breakthroughs, transform research achievements into productiveforces, provide robust technological support for the Company’s high-qualitydevelopment , and conduct
research projects
All achieved
Digitalization:
To take the user as the center, promote the construction of data center, industrialInternet of things platform, MES system, product life cycle management system,detection platform and so on, enhance business application experiences, andboost business digitalization
In progress
Indicator2021202220232024R&D investment (RMB 100 million)3.012.893.674.35Percentage of R&D investment in total revenue (%)2.271.731.811.85Number of R&D personnel (persons)9781,0571,1471,061
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Strengthening Innovation Capabilities
Cultivating R&D Talent
Building Innovation Platforms
Participating in Project Research
Protecting Intellectual Property
We are committed to developing high-caliber innovation teams with high standards and upholding the principle of “empoweringcorporate intelligent development with master artisans”. Through a combination of internal training and external recruitment, wehave enhanced innovative talent acquisition, development, and incentive mechanisms. Adopting the model of “bringing experts inand sending technicians out”, we have established industry-university-research cooperation relationships with leading academicinstitutions, such as Jiangnan University, and scientic research institutions while conducting regular technical exchange events.These initiatives aim to broaden the horizon of our technical personnel, stimulate scientic research inspiration, and provide strongsupport for the sustainable and innovative development of the Company. In 2024, we hosted six academic lectures by industryexperts and sent key technical personnel to participate in more than
high-level academic exchange and training programs,eectively improving the professional competence of our key technical personnel.
To consolidate our foundation for innovation, we have established over
technology research innovation platforms, includingthe National Industrial Design Center, National Postdoctoral Research Station, China Light Industry Solid-State FermentationEngineering Technology Research Center, Key Laboratory of Solid-State Fermentation Intelligent Brewing Technology in AnhuiProvince, Province-Level Authenticated Enterprise Technology Center, Anhui Provincial Industrial Design Center, Chinese BaijiuHealthy Research Institute, Gujinggongjiu · Nianfenyuanjiang Grain Research Institute, and Gujinggongjiu · NianfenyuanjiangQuality Research Institute. These platforms contribute to driving breakthroughs in core technologies in key elds and supportingthe Company’s high-quality development.We have taken solid steps to promote collaborative innovation between industries, universities, and research institutes byconducting joint research with the University of Science and Technology of China, Sichuan University of Science & Engineering,Jiangnan University, Zhejiang University, China National Research Institute of Food & Fermentation Industries, and other institutions.Our research focuses on the breeding of grain dedicated to brewing, Baijiu avor and health mechanisms, and other elds, aimingto promote standardized cultivation of premium raw materials and improve the quality control ability of baijiu. Moreover, wehave engaged in in-depth discussions with industry leaders such as Moutai, Langjiu, and Red Star Win on core technologies likeintelligent brewing and microbial applications. By drawing on advanced industry experience, we have enhanced our technicalreserves and accelerated the commercialization of research achievements, so as to foster a standardized, intelligent, and high-quality baijiu industry.
We respect and protect intellectual property (IP) by actively registering trademarks to safeguard our brand’s unique identity. We haveestablished a series of policies, including the Intellectual Property Incentive Measures, to continuously improve our IP system. Underthe leadership of the Intellectual Property Strategic Management Committee, we have implemented innovative IP protection initiativesand comprehensively leveraged a combination of strategies to crack down on counterfeit goods that integrates administrativepenalties, notarized evidence preservation, criminal prosecution, and civil litigation, thereby eectively enhancing the eciency of anti-counterfeiting eorts. Throughout the year, we initiated
civil lawsuits against infringement, coordinated with market regulationauthorities to handle
administrative infringement cases, and secured approximately RMB
10.01
million in compensation.Furthermore, we have strengthened collaboration with law enforcement agencies, earning recognition as an executive member of theFifth Council of the China Trademark Association (CTA). Additionally, we have actively engaged in peer exchanges and organized a seriesof events for World Intellectual Property Day (April 26) and IP Protection Awareness Week, aiming to foster company-wide IP protectionawareness and signicantly enhance our overall IP management level.
Gujing Distillery participated in the 2nd Food Scientists Forum &Industry-University-Research Exchange Conference.
Gujing Distillery attended the 13th Solid State Brewing IndustryTechnology Innovation Forum.
National Baijiu Judges
Chinese Liquor Industry Leaders
National Lujiu Judges
Senior Engineers at the Professor Level
Chinese Brewing Master
National Fruit Wine Judges
+ Senior Engineers
By the end of 2024, the Company had over
1,000
baijiu technical experts, including:
recipients of government allowances from the State Council, provincial, and municipal authorities
Indicator2021202220232024Patent applications (cases)18717013081 Including: Invention patents (cases)10141510Patents granted (cases)1381714695Total patents (cases)1,1951,4351,4761,560
Chinese Liquor Tasting Master
Chief Baijiu Tasters in China
Chinese Baijiu Craft Master
Anhui Province Technology Leaders
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Yellow Crane Tower Distillery New Baijiu Series
Mingguang Liquor New Baijiu Series (Examples)
Technology R&D and Commercialization
R&D and Upgrade of New ProductsWe are dedicated to crafting premium baijiu and Lujiu (a traditional Chinese alcoholic beverage mainly made from traditionalChinese medicinal materials) with meticulous craftsmanship, continuously advancing product R&D and upgrades to meet thediverse demands of the market. The Company has launched a range of new baijiu products, including Gujinggongjiu · Gold Edition,Gong 9, Gong 12, and Gong 15, precisely rening avor proles and expanding our product portfolio. Aligning with the health-conscious consumption trend, we have deepened our expertise in Lujiu research and development and rolled out innovativeoerings such as 42° Gujinggongjiu Herbal No. 2, 42° Gujinggongjiu Blueberry Liquor, and 52° Gujinggongjiu Ganoderma Liquor.These products have combined modern techniques with the wellness concepts of Chinese herbal medicine, fostering the deepintegration of baijiu and the comprehensive healthcare industry.
Commercialization of Innovative AchievementsWe have been deeply engaged in making breakthroughs inbaijiu scientic research and actively organized the appraisalof technological achievements and project acceptance, soas to accelerate their application in production, transformresearch achievements into productive forces, and providerobust technological support for the Company’s high-qualitydevelopment. In 2024, we carried out
research projectsand established a full-process management mechanismcomprising weekly communication, monthly reporting, semi-annual summary, and year-end assessment, thereby expeditingtechnological breakthroughs and the commercializationof achievements. Dozens of scientific and technologicalachievements, including the Brewing Quality EnhancementProgram of the Intelligent Industrial Park, the Research andApplication of Intelligent Baijiu Distillation Patterns, and theHigh-Value Utilization of Byproducts from Raw Grain Crushing,have been successfully commercialized. Additionally,
projects, such as the Development and Application of a QualityControl and Testing System for Solid-State Fermentation ofBaijiu, received prestigious national and industry scientificand technological awards, with a commercialization rate ofresearch achievements exceeding
%.
50° Gujinggongjiu · Gold Edition
Lou 12
42° Gujinggongjiu Herbal No. 2
42° Gujinggongjiu · Gong 12
42° Gujinggongjiu · Gong 9
Chenxiang 1999
42° Gujinggongjiu Blueberry Liquor52° Gujinggongjiu Ganoderma Liquor
42° Gujinggongjiu · Gong 15
Gujing Distillery successfully passed the technological achievementappraisal of “Extraction and Application of Active Factors inNongxiangxing Baijiu Based on Dual Guidance of Flavor andHealth”, a project of the Chinese Baijiu Healthy Research Institute,representing that the project results have been recognized byinuential authorities.
42° Ming 542° Ming 10
Gujinggongjiu New Baijiu Series
Gujinggongjiu New Lujiu Series
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Digitalization is key to enhancing competitiveness, optimizing operations, and meeting market demands for baijiu companies.In alignment with the requirement of “building a digital, international, and law-based new Gujing”, we have pioneered thenew “1+2+6+N” model for building a digital Gujing and accelerated the “digital engineering”. These measures aim to improveour digital management capabilities, evoke the aroma of baijiu through digital innovation, unleash market potential, enhancethe management level, and ensure the highest quality. We have advanced the digitalization initiative of “Baijiu + Internet” andadhered to a digital path of green brewing and intelligent manufacturing, thereby driving high-quality development through high-standard, high-eciency digital production and sales models.In 2024, the Company was recognized by the Ministry of Industry and Information Technology as a 5G Intelligent Solid-StateFermentation Baijiu Brewing Factory. We were also awarded titles such as the “Pacemaker in Industrial Data Governance in China”and the “Key Industrial Internet Platform in Anhui Province (2024)” while being selected as a “Pacemaker in Digital Transformationof China’s Light Industry (2024)”.
N
Openplatform
Capabilities
Foundations
Strategy
Building an industrialInternet platform withperception, connectivity,and intelligence toempower Gujing’s high-quality development
Strategy 5.0 as a blueprint2 data foundations as thesupportFostering 6 capabilitiesProviding N open industrialplatforms
Procurement
platform
Logisticsplatform
Trainingplatform
Testingplatform
IoT……
Strategy 5.0
IndustrialIoT platform
DataplatformDigitalmarketingcapability
Supply chaincollaborationcapability
Intelligentmanufacturing
capability
Qualitycontrolcapability
Collaborative
ocecapability
Greendevelopmentcapability
Taking digitalstrategy as the core
We focus our digital transformation eorts on strategy selection and planning,ensuring alignment with strategic goals, facilitating strategy execution, andachieving commercial objectives.
Building two datafoundations:
industrial IoT platformand data platform
We have established a centralized support platform that eectively integratesIT and OT data resources, promoted data collection, modeling, analysis, andapplication from the equipment, CRM, and ERP in the production process,and built an integrated, connected, managed, and intelligent data operationsystem. These measures have comprehensively optimized productionmanagement, improved production eciency, and reduced production costs.
Providing servicesfor various industriesthrough openplatform applications
N
Fostering six basiccapabilities
Advancing Digital TransformationWe have set up a leadership team for building a digital Gujing with the Chairman as the team leader and the General Manager asthe executive leader and established a stringent project management system to ensure that digitalization eorts are governedby clear regulations and executed in strict compliance with established standards. We accelerate in emerging cutting-edgetechnologies such as 5G, big data, cloud computing, and IoT. Moreover, we have successfully built robust digital infrastructuresthat link the production, management, and marketing chains, thereby enhancing data collaboration eciency and bolstering leanmanufacturing and smart operations.
Digital marketing capability: We have developed applications such as GujingCloud CRM, Mobile Business, Dian Dian Tong, Controlled Distribution andProt Sharing, E-Commerce Cloud, and Ocial Shopping Mall, fostering a newS2B2b2c digital baijiu marketing model.
Supply chain collaboration capability: We have established an end-to-endsupply chain platform that connects upstream and downstream data supplychains and enables real-time monitoring for supply chain status, inventorymanagement, order processing, product tracking, logistics distribution, andpayment settlements.
Intelligent manufacturing capability: We have integrated next-generationinformation technologies such as IoT and big data into traditional brewingtechniques to realize intelligent brewing, blending, and bottling, therebyimproving product quality, taste, and stability while reducing costs andincreasing benets.
Collaborative office capability: We have developed a collaborative officeplatform featuring business digitalization and process automation, enhancingwork convenience, enabling rapid responses, and supporting efficientoperations of networked collaborative applications. By eliminating time andspace constraints, this platform eectively drives management upgrades.
Green development capability: We have optimized our energy mix, reducedenergy consumption, protected the ecosystem in our producing areas, andpromoted green, low-carbon transformation and sustainable development.
Quality control capability: We have introduced full lifecycle qualitymanagement, baijiu tasting and evaluation, laboratory management, andother applications, aiming to achieve full lifecycle quality control from grain toliquor.
We have provided open centralized purchasing and logistics services via theindustrial IoT platform and offered digital services to various industries tosupport digital transformation in SMEs.
We have explored new models for the testing service, training service, and IoTplatform, oering further digital support to SMEs.
Layout of Intelligent Production System—New “1+2+6+N” Model for Building a Digital Gujing
Building a Digital Gujing
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Safeguarding Cybersecurity
We consider cybersecurity the moat that protects our digitalization journey. To this end, we have revised and issued the DataManagement Measures and established a terminal security management system that emphasizes beforehand prevention, in-process control, and post-incident traceability. Moreover, we have deepened IT/OT network integration by developing a specializedindustrial control network architecture that underpins intelligent manufacturing. Routine inspections have been conducted tomonitor key systems in an all-round way, including the power environment in the server room, virtualization platforms, networksecurity equipment, and data backups. We have proactively conducted malware detection and defense, patched systemvulnerabilities, and strengthened security through a Tier-3 cybersecurity assessment. To cultivate a culture of security awarenessamong all employees, we have conducted cybersecurity training sessions and expert lectures to foster an enterprise-widesecurity-conscious mindset. In 2024, we upgraded over
business systems, organized business units to establish data cleaningstandards, and successfully cleaned nearly
200,000
data entries.
Quality and efficiency enhancement are the most significant changes brought by digitalization to traditional companies.Throughout the entire process from grain to liquor, Gujing Distillery’s intelligent platform autonomously issues productioninstructions to every piece of equipment, enabling real-time monitoring and management from raw materials to finishedproducts. This seamlessly connected intelligent production closed-loop system boosts production eciency and ensures stableand excellent product quality.At the Gujing Distillery’s Intelligent Industrial Park, over 96% of production equipment has been networked, achieving a highdegree of automation in baijiu production. This has significantly reduced the physical workload of brewing workers whileincreasing per capita productivity nearly tenfold compared to traditional brewing workshops. Especially in the bottling process,intelligent equipment has enhanced work eciency by approximately 2.27 times.In the No. 1 Brewing Workshop, the production environment is characterized by minimal human intervention and extensiveautomation, with various sophisticated equipment replacing human labor. Manipulator arms, large-scale conveyors, liquorextraction devices, and intelligent sensors operate in synergy under the precise control of the digital management system,eciently completing every production stage of brewing.
Embracing an open approach to technological advancement,Gujing Distillery integrates “green brewing and intelligentmanufacturing” into the entire production process fromgrain aroma to liquor aroma. In collaboration with iFlytek, weco-founded a joint venture iFlytek Jiuzhi, pioneering a newparadigm for digital transformation in the baijiu industry.Leveraging the advantages of the cross-industry and cross-eld industrial Internet platform and Gujing Distillery’s time-honored brewing expertise, we jointly developed a scenario-based operation platform for the intelligent industrial park tobuild a digital ecological chain for the Baijiu industry.
Gujing Distillery at the iFlytek 1024 Global Developer Festival in2024
CaseFrom Grain to Liquor, Digitalization Integrates into Every Facet of Gujing
CaseCrafted in China for the World to Enjoy Global Collaboration for Baijiu InnovationGujing Intelligent Industrial Park Supply Chain Command CenterAutomated Operating Process of Steaming Fermented Materials
at the Gujing Intelligent Industrial Park
Fostering a Pleasant Ecological EnvironmentWe have deeply implemented Xi Jinping thought on eco-civilization, acted on the idea that lucid waters and lush mountains areinvaluable assets, and coordinated eorts to address pollution, protect ecosystems, and respond to climate change. Meanwhile,we have actively promoted carbon peaking and carbon neutrality, conserved energy and resources while using them eciently andcircularly, and endeavored to lead the way in green and low-carbon production and lifestyles.Responding to Climate ChangeIn recent years, extreme weather events have become more frequent globally, making climate change response a sharedresponsibility. In response to China’s carbon peaking and carbon neutrality (“dual carbon”) goals, we prioritize climate-relatedrisk management. We have proactively identied, assessed, and responded to climate-related risks and opportunities from fouraspects, i.e., governance, strategy, risk management, and metrics & targets, striving to achieve carbon neutrality across our entirevalue chain.
Governance, Strategy, Risk Management, and Metrics & Targets
GovernanceWe have gradually improved our climate governance system. The Board of Directors is responsible for considering climate-relatedstrategies and policies, while the Strategy and ESG Committee oversees and reviews the progress and implementation of climate-relatedstrategies. The Corporate Management Center, in collaboration with other functional departments of headquarters, is responsible forsetting targets, overseeing daily management, formulating energy conservation and emission reduction plans, and organizing theimplementation. Subsidiaries are responsible for implementing relevant decisions and deployments, developing “dual carbon” targetsand action plans tailored to their actual conditions, and driving the Company’s “dual carbon” agenda forward.
StrategyWe respond to the national "dualcarbon" strategy and relatedpolicy requirements, fully evaluatethe company's carbon emissionperformance, actively explorecarbon reduction paths, graduallyincrease the proportion of cleanenergy, promote the upgrading ofgreen brewing technology, protectthe ecological environment ofproduction areas, and effectivelyrespond to and manage climatechange risks faced throughout thecompany's operation.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Risk and Opportunity ManagementGiving full consideration to national policies, requirements by the exchange, industry characteristics, and company-specificcircumstances, we have incorporated climate-related risk management into our enterprise-wide risk management system, so as toaccelerate the identication of climate-related risks and opportunities and reinforce our capability and resilience against climate change.
RiskCategory
Risk Type
Potential Impact
Response MeasuresImpactPeriod
Business or FinancialImpact
PhysicalRisks
Acute risks:
Extreme weather events such asheavy rainfall and droughts maydamage production facilities anddisrupt supply chains.
Short tomediumterm
Increased productionand operational costsand supply chaindisruptions
Monitor extreme weather alerts and developemergency response plans.
Strengthen equipment tour inspections andmaintenance.Conduct comprehensive supplychain assessments and ensure adequate reservesof key raw materials.Chronic risks:
Long-term temperature rise mayaect raw grain planting, brewing,and storage conditions, impactingliquor quality.
Mediumto longterm
Increased operationaland maintenancecosts
Introduce advanced production and temperaturecontrol equipment to maintain proper temperatureand humidity.
Improve production eciency and reduce energyconsumption.
TransitionRisks
Policy risks:
① The frequent release of “dual
carbon” policies compels companiesto accelerate transformation andadapt proactively.
② Regulatory bodies require high-
quality, objective, and timely climate-related information disclosures.
Short tomediumterm
Increased operationaland compliance costs
Monitor and interpret policy changes to ensurethat our production and operation comply withenvironmental regulations.
Develop action plans and clear implementationpathways and disclose relevant informationaccording to laws and regulations.
Produce low-carbon, environmentally friendlyliquor to enhance competitiveness.Market risks:
Consumers increasingly prefergreen and low-carbon products,intensifying industry competition.
Mediumto longterm
Declining sales andloss of market share
Align with customer preferences and activelydevelop eco-friendly products.Technology risks:
Rapid upgrades in energy-savingand emission reduction technologiesmay render outdated R&D methodsless competitive.
Short tomediumterm
Increased operationalcosts and technicalinput
Develop and apply technologies and processesto reduce energy consumption and carbonemissions.
Increase investment in innovation to raise the levelof digitalization.
Reputation risks:
Stakeholders prioritize corporateenvironmental performance;failure to meet their expectationsmay damage corporate image.
Mediumto longterm
Reduced investment,weakened brandinfluence, and lowerrevenue
Maintain close communication with and rapidresponse to stakeholders.
Strengthen environmental information andperformance disclosures.
Gujing Distillery’s Climate-Related Risk Identication and Response
Gujing Distillery’s Climate-Related OpportunitiesOpportunity TypeDescription
Potential ImpactImpactPeriod
Business or Financial ImpactEnergy Transition
Optimize the energy mix and expand the use of greenelectricity and solar power to reduce carbon emissions.
Medium tolong term
Lower operational costsEcient Use ofResources
Enhance the circular use of energy, water, andpackaging materials to minimize waste and improveproduction eciency.
Medium tolong termTechnological
Innovation
Develop more eco-friendly products and build a greenindustry chain to meet diverse market demands.
Long term
Increased recognition and higher
revenue
Metrics and TargetsWe have incorporated climate action into our core sustainability framework guided by principles of “clean production and greenbrewing”. By 2025, we expect to achieve a
% reduction in carbon emission intensity per unit product and an increase in theproportion of renewable energy use to
30%; Simultaneously promote the green transformation of the supply chain and achieve a
% reduction in energy consumption through green, energy-saving, and low-carbon technologies.Greenhouse Gas Emissions ManagementWe have actively implemented national policies on greenhouse gas (GHG) emissions reduction and gradually reduced GHGemissions by enhancing energy eciency, optimizing production processes, and adopting clean energy sources. Partnering withthird-party agencies, we have conducted a thorough investigation of our overall energy consumption and carbon emissions,formulated a “dual carbon” action plan, and set clear GHG emission control targets, thereby contributing to our green and low-carbon transition. Moreover, we have independently classified and calculated GHG emissions data, ensuring compliance withthe Guidelines for Accounting and Reporting Greenhouse Gas Emissions—Power Generation Facilities in compiling and reportingemission data. Relevant data has been submitted to the National Carbon Market Management Platform and veried by third-partyexperts. We have incorporated our thermal power station into the national carbon trading system, completed the purchase of thecarbon quota gap in 2023 through the national carbon trading platform, and fullled compliance obligations on time.
Gujing Distillery’s 2023 Carbon Trading Compliance
Certicate
Gujing Distillery Recognized as a “China’s Top Runner
for Industrial Carbon Peaking”
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Energy ManagementGujing Distillery’s energy mix includes electricity, natural gas, gasoline, diesel, coal, etc. We continue to strengthen energymanagement, develop energy usage plans, reasonably decompose goals, and implement them at corresponding levels orpositions. By combining information technology with offline management, we conduct a survey and evaluation of equipmentusage and energy efficiency levels, continuously carry out "energy-saving, emission reduction, and carbon reduction" projectsand measures, further improve energy utilization eciency, and save
4,500
tons of standard coal annually. At the same time,the company vigorously promotes the use of clean energy, advances the construction of photovoltaic projects, signs green powerprocurement agreements, effectively reduces carbon emissions and energy costs, and the proportion of green power exceeds
%.During the reporting period, Longrui Glass achieved the ISO 50001 Energy Management System certication.
Green Electricity Transaction Voucher ofGujing Distillery
Gujing Distillery’s Energy Management System
Facade Photovoltaic Project at the Intelligent Industrial Park of Gujing Distillery
Carbon Emission Performance
Energy Consumption Performance
157,247.96125,953.75171,619.07198,388.760.090.060.070.07
Total carbon emissions (tons of CO2 equivalent)(Tons)Carbon emissions per RMB 10,000 output(Tons/RMB 10,000)
2021202220232024
Indicator2021202220232024Electricity consumption (10,000 kWh)6,375.316,612.467,801.099,850.49Diesel consumption (tons)321.05356.71255.70258.19Gasoline consumption (tons)69.0062.76177.7297.37Natural gas consumption (10,000 m3)1,887.462,107.162,260.802,982.18Comprehensive energy consumption per RMB10,000 output (tons of standard coal/RMB 10,000)
0.040.030.040.04Total comprehensive energy consumption (tons ofstandard coal)
77,262.2277,274.7885,101.3199,875.74Clean energy consumption (10,000 kWh)456.62481.78522.10776.75
Strengthening Environmental Protection Management
We have incorporated the concept of green and low-carbon development into every stage of our production process fromgrain to liquor. With this in mind, we have continuously improved our environmental protection management organizationalstructure, with the Company’s General Manager serving as the head of overall environmental protection management, ensuringthe implementation of our environmental management initiatives. Moreover, we have established a dedicated environmentalprotection department, the Corporate Management Center, to coordinate the overall operation and supervision work, such asformulating and executing environmental policies, conducting environmental emergency management, energy conservationand emission reduction, and environmental impact assessments, as well as implementing the “Three Simultaneities” system (alegal system mandating that the facilities for the prevention and control of pollution in a construction project must be designed,constructed, and put into operation simultaneously with the main project). Through these eorts, the department aims to furtherimplement and refine the environmental management system. Furthermore, all departments, factories, and subsidiaries haveactively responded to the Company’s environmental protection policies and assumed responsibility for environmental protectionwithin their respective business areas.During the reporting period, Gujing Distillery, Yellow Crane Tower Distillery, Mingguang Liquor, and Longrui Glass all obtainedthe ISO 14001 Environmental Management System certication. Additionally, Gujing Distillery was recognized as an “EnterpriseAssuming Social Responsibility for Environmental Protection” by the Anhui Environmental Federation.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Indicator2021202220232024
Environmental protection investment (RMB 10,000)3,228.026,924.093,300.594,614.37Environmental pollution and destruction incidents (cases)0000Chemical spill incidents (cases)0000Environmental protection training and publicizing sessions(times)
9102316
General Manager (Responsible for Overall Environmental Protection Management)Director of CorporateManagement Center(Responsible for EnvironmentalCompliance Supervision)Deputy Manager of EnergyConservation and EnvironmentalProtection Department(Responsible for Environmental
Compliance Supervision)Director of Energy Conservationand Environmental ProtectionDepartment (Responsible forEnvironmental ComplianceSupervision)
Deputy Director of Power andEnvironmental Protection Center(Responsible for ComplianceDischarge and Emission ofWastewater and Exhaust Gas)Head of Euent TreatmentStation (Responsible forWastewater ComplianceDischarge)
Director of BrewingManagement Center(Responsible for Environmental
Compliance in Brewing
Workshops)
Head of Thermal Power Station(Responsible for Exhaust Gas
Compliance Emission)
Director of Technology andQuality Center (Responsible forManual Euent Monitoring)Ocer Responsible forManual Euent Monitoring
Headquarters EuentTreatment Station
Headquarter Thermal Power
Stations
Headquarters BrewingZhangji Euent Treatment
Station
Zhangji Thermal Power
Stations
Zhangji Brewing BaseEnvironmental Compliance at
HeadquartersEnvironmental Compliance at
Zhangji PlantEnvironmental Compliance at
Gujing Plant
Gujing Thermal Power
StationGujing Euent TreatmentStation
Gujing Plant Brewing
Gujing Distillery’s Environmental Management StructureGujing Distillery’s Full Lifecycle Green Management
Gujing Distillery’s Environmental Management Performance
Environmental Management Objectives & TargetsAchievement Status in 2024
No general or above sudden environmental incidentsAchievedNo major deciencies in environmental monitoring plans and risk
management measures
Achieved
No major administrative penalties or criminal liabilitiesAchieved
100% legal treatment and disposal of discharged pollutants, 100%
compliance rate
Achieved
Key Links
GreenCultivation
Select high-quality raw grain varieties with strong resistance to pests and diseases, and implementscientic eld management of grains.
Explore the establishment of a smart management platform for Gujing raw grain plantingbase, systematically control the information of raw grain planting process, ensure standardizedmanagement, accurate quantity, pure variety, safe and controllable, trustworthy, and traceable rawgrain planting process.
Establish proprietary high-quality grain cultivation bases to ensure the source supply of brewingraw materials.
GreenProcurement
Establish comprehensive green procurement standards and select suppliers, large-scale growers,and farmers with environmental certications.
Monitor the quality of raw grains.
GreenProduction
For more details, please refer to subsequent chapters.
Green Brewing
Establish four major eco-friendly brewing bases, including the Gujing Distillery Quality and Sci-Tech Park, the Zhangji Eco-brewing Base, and the Gujinggong Liquor Brewing Heritage Site Park, tointegrate liquor production with harmonious ecosystems.
Showcase the whole process of traditional brewing techniques in the Yellow and Huaihe rivervalleys at the Gujinggong Liquor Brewing Heritage Site Park and transform the Gujing Baijiu CultureExpo Park into the rst AAAA level tourist attraction in the Baijiu industry and a national industrialtourism demonstration base.
GreenWarehousing
Prioritize the procurement of energy-efficient shelves, high-efficiency conveyors, and other eco-friendly equipment.
Optimize shelf layout to maximize space utilization and avoid excessive or insucient shelf heights.
Implement an intelligent inventory management system and adopt energy-efficient conveyorsystems to reduce energy consumption.
Green Logistics
Use vehicles that meet “China V” vehicle emission standards or higher and use new energyvehicles for transportation.
Optimize delivery routes and promote carpooling and consolidated deliveries to reduce emptyloads.
Install loading conveyor belts for direct loading of nished products onto trucks, minimizing forkliftuse and handling processes.
GreenPackaging
Utilize lightweight, degradable, recyclable, and reusable packaging materials, such as reusablepallets.
Actively develop green packaging products, build lightweight premium glass container productionlines, and promote deep-processing projects.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Zhangji Eco-brewing Base
Conducting Environmental Emergency Training
ntelligent Palletizing and Transportation on the Digital ProductionLines
Setting Designated Carpooling Points to Encourage SharedCommuting
Safeguard Mechanisms
Demonstration& Assessment
Conduct an Environmental Impact Assessment (EIA) before project implementation tocomprehensively analyze potential impacts on air, water, soil, and ecosystems.
Perform regular environmental monitoring to ensure the eectiveness of control measures.
Develop emergency response plans to eectively address sudden environmental incidents.
Green Design
Increase investment in design R&D in the design phase to thoroughly assess environmentalimpacts.
Establish a cross-departmental collaboration mechanism that integrates third-party institutionsand pool eorts from enterprises, research institutes, and universities to enhance corporate greendesign capabilities.
GreenConstruction
Conduct environmental and energy assessments before project kickoff, prepare water and soilconservation plans, and start construction after obtaining approvals from regulatory authorities.
Strengthen oversight of the “Six 100%” environmental protection measures during construction,summarize the “6+4” environmental protection measures for construction, and enhanceenvironmental training for construction personnel with daily supervision and guidance bydedicated personnel.
Green Oce
Maximize the use of the OA collaborative office system to reduce paper consumption andencourage remote video conferencing.
Install energy-saving lighting, turn on and off electrical equipment in offices as needed, andreplace desktop computers with cloud-based terminals to lower energy consumption.
Place an appropriate number of green plants in oces to improve air quality.
Ensure proper ventilation and regulate air conditioning temperatures eciently.
GreenCommuting
Encourage employees to commute by shuttle bus whenever possible and promote carpooling.
Install new energy charging stations with dedicated charging piles.
Provide shared bicycles within the factory premises for convenient commuting.
EnvironmentalAwarenessEducation
Organize extensive energy-saving and environmental protection training and education campaignson occasions such as World Environment Day, National Low-Carbon Day, and National EnergyEciency Promotion Week, covering environmental protection concepts, laws and regulations, andenergy-saving technologies.
Promoting Green Production
Water Resource and Wastewater Management
We remain committed to the path of prioritizing ecological conservation and pursuing green development. To this end, we havecontinuously enhanced green production practices, eciently utilized water resources, strengthened pollution control, advancedresource and energy conservation, and boosted the development of a circular economy. With these eorts, we aim to achieve asynergy of economic, environmental, and social benets.
In strict compliance with national laws and regulations, such as the Water Law and the Water Pollution Prevention and Control Law,we have continuously improved our water usage, conservation, and wastewater management systems and policies. The CorporateManagement Center is responsible for overseeing the Company’s overall water resource management. A dedicated task force hasbeen established to formulate water conservation plans, revise management regulations, develop monitoring and evaluationsystems, ensure compliance with wastewater discharge standards, and supervise the eectiveness of water resource managementacross all units.
Objectives & TargetsAchievement Status in 2024Planned water consumption:
3.455
million tons
Actual water consumption: more than
2.2
million tons(exceeded target)
% wastewater discharge compliance rateAchievedNormal operation of equipment and facilitiesAchieved
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Exterior View of the Non-Powered CoolingStation
Wastewater Discharge Reduction and Treatment
Water Conservation Management and Recycling
We establish a sewage treatment system, adopt advanced sewage treatment technology, install water quality monitoring devicesand other equipment at key locations such as water use points and drainage points in the enterprise, monitor water qualitychanges in real time, and strengthen third-party professional organization testing. The factory area carries out rainwater andsewage separation, and controls the discharge of production and domestic wastewater. Obtain a pollutant discharge permit inaccordance with the law and strictly control the setting of pollutant discharge outlets into the river. Intensify eorts in the reuse ofreclaimed water, utilize sewage treatment plants to dispose of wastewater that meets discharge standards, and mainly reuse drywastewater treatment plant process water, park greening and dust reduction water, re water and other production and domesticwater. The reuse rate of reclaimed water is about
%.
We have rigorously controlled water withdrawal and, in addition to reclaimed water reuse, we have continuously implementedwater-saving technological upgrades and cooling water recycling. We have installed water-efficient production equipment toenhance water conservation benefits and improve water resource management. Furthermore, we have organized a series ofcampaigns to raise water conservation awareness, implemented water-saving policies, and provided targeted training.During the reporting period, the Company’s recycled water volume reached
16.096
million cubic meters. No signicant director indirect impact on water resources occurred due to changes in water withdrawal, consumption, discharge, or storage. Theutilization rate of water-saving sanitary facilities reached more than
% at the Intelligent Industrial Park.
The treated wastewater is discharged into the industrial park’s landscape river.
Representative Water-Saving Projects of Gujing Distillery
The water supply pipelines at the workshops of thefactory are divided into four categories: puried waternetwork, groundwater network, tap water network,and reclaimed water network, ensuring that differentproduction processes receive water of appropriatequality.Classied WaterSupply
Indicator2021202220232024Water consumption per RMB 10,000 output (tons/RMB 10,000)1.090.851.050.81Total treated and standard discharged wastewater (10,000 tons)249.30194.41156.10158.25Wastewater discharge compliance rate (%)100100100100COD emissions (tons)78.1643.2036.3323.18NH
-N emissions (tons)1.680.560.560.50
A sludge dewatering plate and frame filter pressprocess has been introduced and put into operation atthe headquarters and Zhangji Plant, reducing sludgegeneration by over
50% compared to traditionallter press technology. This initiative has resulted in anannual reduction of
28,000
tons of water used forlter press washing.Introductionof SludgeDewatering Plateand Frame FilterPress Process
Plate and Frame Filter Equipment atZhangji Plant
The thermal power station has added pipelines to reusedischarged concentrated water for desulfurizationand denitrification. Meanwhile, the Public PropertyManagement Department has modified reclaimedwater pipelines to replace fountain water withreclaimed water, saving
28,000
tons of waterannually.
Internal Water-Saving Potential
Exploration
Addition of Concentrated Water Pipelinesfor Desulfurization and Denitrication
An investment of over RMB
million has beenmade to build a non-powered cooling station at theIntelligent Industrial Park, utilizing advanced domestictechnology to achieve non-powered cooling of thecooling circulating water. This replaces the open-air heat dissipation circulating water with closed-loop cooling circulating water. The facility has alreadybeen put into operation for supplying circulatingwater to the brewing workshop of the headquarters,saving approximately
60,000
tons of groundwaterannually.
Construction ofa Non-PoweredCooling Station
Water Supply Network
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Air Emission Management
Waste Management
The production air emissions of Gujing Distillery primarily include emissions from coal-red boilers, gas-red boilers, the codingprocess in the finished product workshop, and the raw grain collection and crushing process. The coal-fired boiler emissionshave undergone two rounds of upgrades and adopted a combined process of bag dust removal, special desulfurization, catalyticreduction denitrication, and wet electrostatic precipitators, meeting ultra-low emission standards at an advanced national level.Gas-red boiler emissions utilize “low-NOx combustion” technology, the coding emissions from the nished product workshop aretreated using activated carbon adsorption, and the raw grain collection and crushing emissions are processed by dust collectorsafter collection. All air emissions have met the regulatory standards.
We have promoted waste recycling and reuse by systematically cleaning, collecting, sorting, and repurposing distiller’s grains,slag, y ash, diatomaceous earth, waste packaging materials, and surplus sludge generated during production, minimizing theirenvironmental impact.Additionally, for hazardous solid waste produced in auxiliary production processes, such as waste mineral oil, spent lead-acidbatteries, and oce consumables, we have ensured proper waste transfer ling and reporting. Professional agencies have beenentrusted with the safe disposal and harmless treatment of hazardous waste to prevent any risks to the environment and humanhealth.
CaseLongrui Glass Strengthens Special Treatment for VOCs
The gas-red boiler (left) and the coal-red boilers (right) achieved ultra-low emissions.
Objectives & TargetsAchievement Status in 2024
Objectives & TargetsAchievement Status in 2024
% air emission compliance rateAchieved
% hazardous waste disposal compliance rateAchieved
Normal operation of equipment and facilitiesAchieved
Normal operation of equipment and facilitiesAchieved
Indicator2021202220232024Flue gas emission compliance rate（%）100100100100Particulate emissions（Tons）1.522.302.622.71Sulfur dioxide (SO2) emissions（Tons）15.748.9411.3715.56Nitrogen oxides (NOx) emissions（Tons）59.7852.7467.1975.06
To address volatile organic compounds(VOCs) generated during the deepprocessing center’s productionprocess, Longrui Glass has installed anadditional environmental treatmentfacility. The existing productionline was split into two to enhanceonline monitoring, which has beenintegrated with the environmentalregulatory authorities for real-time datatransmission. This upgrade has furtheroptimized exhaust gas treatment,ensuring stable compliance with non-methane total hydrocarbon (NMTHC)emission standards. As a result, theon-site production environment hasbeen improved and Longrui Glass hasmet the requirements for an A-gradeenvironmental performance enterprise.
Indicator2021202220232024
Waste engine oil (tons)11.1910.5415.7623.59Hazardous chemical waste and laboratory waste liquid (tons)0.441.901.833.85Spent lead-acid batteries (tons)29.9935.1060.4441.45Other hazardous waste (tons)295.19344.19452.77502.69Total hazardous waste emissions (tons)336.81391.73530.80571.58Hazardous waste disposal compliance rate (%)100100100100
7475
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Adhering to the green development philosophy, Yellow Crane Tower Distillery prioritizes energy conservation andenvironmental protection throughout its production processes. The company has actively taken various water-saving measuresto signicantly reduce water consumption. By optimizing its euent treatment process, the treated water has been used asgreening dust-falling water and re-ghting water in the factory, enhancing water resource reutilization.Meanwhile, the company has comprehensively advanced “green + intelligent” production by introducing cutting-edgebrewing equipment and technologies and adopting clean production processes to minimize waste emissions duringproduction. It has achieved its energy conservation and emission reduction goals by optimizing the production process,reducing energy consumption, and lowering the emissions of wastewater, exhaust gases, and solid waste. Additionally, thecompany has actively explored waste resource utilization, promoting the sustainable development of the baijiu brewingindustry chain and maximizing resource eciency.Thanks to its outstanding environmental performance, Yellow Crane Tower Distillery was certified as a “Water-SavingEnterprise of Hubei Province” in 2024. It was also recognized as one of Wuhan’s rst “Zero-Waste Factories” while its XianningFactory was designated a “National Green Manufacturing Enterprise” (National Green Factory).
Case
Yellow Crane Tower Distillery Explores New Approaches to Green Development by Building a Water-SavingEnterprise and Promoting Zero-Waste Transformation
Noise and Odor Management
Developing a Circular Economy
Our major noise-emitting equipmentincludes blowers at the thermal powerstation and euent treatment station. Tocontrol noise pollution at its source, wehave procured low-noise equipment ormodified existing machinery. For high-noise equipment, we have installedsoundproof doors and windows andadded noise barriers to ensure thatnoise emissions at the factory boundarycomply with regulatory standards.To treat odorous gases from the euenttreatment station, we have implementeda centralized treatment process using“chemical spraying + activated carbonadsorption” to ensure that odoremissions comply with the EmissionStandards for Odor Pollutants.
Upholding the concept of a circular economy, we have continuously enhanced resource utilization efficiency while minimizingcarbon emissions throughout the entire lifecycle of materials and products. Internally, we have implemented a self-built central air-conditioning refrigeration system to recover and repurpose the waste heat generated during the baijiu production process. Thissystem produces cooling water, which is then circulated back into the baijiu production process. Externally, we have collaboratedwith downstream enterprises on comprehensive utilization projects for brewing by-products. Spent fermentation husk and distiller’sgrains are repurposed as raw materials for animal feed production, while discarded y ash is used as a raw material in cement andother building materials manufacturing.During the reporting period, approximately
372,100
tons of spent fermentation husk and distiller’s grains, as well as18,900
tons of discarded y ash, were eectively utilized, generating signicant economic benets.
Gujing Distillery’s Odor Collection and Treatment Facility
Low-Noise Magnetic Levitation Aerators at the Euent Treatment Station of Gujing Distillery
2021202220232024Comprehensive utilization rate of
industrial solid waste (%)
100100100100
Resource utilization rate of spent
fermentation husk (%)
100100100100
Resource utilization rate of
distiller’s grains (%)
100100100100
7677
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Ensuring Safety and Stability throughCoordinated Management
We diligently study and implement General Secretary Xi Jinping’s key addresses, instructions, and directives on workplace safety,and rigorously comply with relevant national laws including the Workplace Safety Law, the Law on Prevention and Control ofOccupational Diseases, as well as the Workplace Safety Management Regulations of Gujing Group. Guided by the principle of “safetyfirst, prevention-oriented, and comprehensive treatment”, we have implemented a meticulous, refined, and targeted workingmethodology. This ensures the continuous enhancement of our workplace safety management system, eectively preventing safetyrisks and potential accidents while continuously improving the safety awareness of employees and contractors. By achieving our“Four-Zero” goal (i.e., zero work-related fatalities, zero major machinery and equipment accidents, zero trac fatalities, andzero re or ood incidents) for workplace safety, we have provided solid safety assurance to support our high-quality development.
Indicator2021202220232024Workplace safety investment (RMB 10,000)830.27902.971,529.441,037.87Workplace safety training sessions (sessions)8237251,7392,960Workplace safety training participants (persons)22,77931,827104,412183,727Workplace safety training coverage for new employees (%)100100100100Work-related fatalities (persons)0000Severe work-related injury rate (%)0000Work-related fatality rate (%)0000Major or above re incidents (cases)0000Major or above workplace safety accidents (cases)0000Safety hazard rectication rate (%)100100100100
Gujing Distillery’s Workplace Safety Performance
Zero work-related fatalities, zero major machinery and equipment accidents, zero
trac fatalities, and zero re or ood incidents
AchievedNormal operation of equipment and facilities and compliance with the “Three
Simultaneities” safety system for project construction
Achieved
% certication rate for special equipment operatorsAchieved
% pass rate in qualication and credential reviews of related partiesAchieved
% completion rate of hazard identication and recticationAchieved
Zero occupational disease cases reportedAchieved
Workplace Safety Objectives & TargetsAchievement Status in 2024
Nurturing a Green Ecosystem
Volunteers from Gujing Distillery are picking up garbage around the factory.
Picturesque Landscapes of the Industrial Park
A fine environment nurtures fine baijiu. A pleasant and suitable ecosystem is essential for crafting superior baijiu. Upholdingthe brewing philosophy of “brewing in harmony with nature and humanity”, we pay attention to the ecological balance ofthe surrounding environment through afforestation, grass planting, ditch cleaning, and garbage clearance initiatives. Our keyconservation eorts focus on the bay of the Guohe River, the bend area of the Xiaohong River, and two millennia-old wells, aswell as Gujing’s nationally protected “meritorious fermentation pits—the Ming and Qing Dynasty fermentation pits, home to over
benecial microbial communities. Moreover, we have actively promoted ecological restoration and sustainable utilization ofnatural resources, ensuring that our production activities do not disrupt local biodiversity. Additionally, we have regularly organizedenvironmental awareness campaigns, including lectures and exhibitions, to educate the public on the importance of environmentalprotection and encourage collective participation in environmental protection eorts.During the reporting period, our factories expanded green space by
301.2
mu (approximately 20.08 hectares), bringing the totalgreening area to
890.2
mu (approximately 59.35 hectares), fostering a seamless integration of baijiu production with ecologicalharmony.
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Safety Management SystemWe strictly implement an accountability system for workplace safety, with a Workplace Safety Committee headed by the Chairmanand supported by other senior executives as deputy heads established. This committee is responsible for formulating andoverseeing company-wide workplace safety strategies. Our Emergency Management Center, as a dedicated department, isstaed with full-time safety professionals who collaborate closely with other departments at the headquarters to revise and reneworkplace safety management policies, guide and check the operation of the safety management system, and give feedback intime. Subsidiaries are responsible for workplace safety management within their respective areas and report relevant conditionsregularly.We hold monthly safety meetings to promptly communicate national, provincial, and municipal workplace safety requirements,and to emphasize key areas of focus. Review and evaluation reports on the occupational health and safety management systemhave been issued to provide a comprehensive analysis of our workplace safety performance. Moreover, eorts have been activelymade to promote standardized and digitalized workplace safety management, with a focus on enhancing safety through digitaltechnologies. We have signed workplace safety and re safety responsibility agreements with
units, clearly outlining the safetymanagement priorities for each unit.Workplace Safety Risk Prevention and ControlTo continuously optimize our risk management system, we have established a dual prevention mechanism for safety riskidentication and control as well as hazard identication and rectication. We have proactively identied and assessed variousmajor safety hazards, with targeted inspections focusing on key links. Regular safety checks have been carried out to detectpotential risks and take eective corrective actions, with the aim of eliminating hazards in a timely manner. In addition, we havestrengthened emergency drills to enhance employees’ safety awareness and emergency response capabilities, ensuring the safeand stable operation of all stages of production.
Implementing the internal safety reporting and incentive mechanism
Optimized the uploading mode of the “Safety Snapshot” reporting system, with
6,934
issues reported,among which
5,143
were verified as potential hazards and rectified accordingly. Approximately RMB
105,500
was awarded as incentives.
Identifying and assessing job-specic risks
Completed the identication of job-specic hazard sources and risk control in 2024, identifying
19,243
riskfactors.
Prepared a plant-wide four-color safety risk map based on risk levels, further refined it for workshops,quantied risk points and corresponding control measures, and produced job-specic workplace safety risknotication cards and displayed them at each position.
Standardizing the control of major hazard sources
Conducted regular inspections of major hazard sources and completed an annual evaluation for themanagement of major hazard sources.
Conducted comprehensive risk and hazard inspections and rectications for high-risk areas, including dustexplosion-prone areas and conned space operations, and enforced on-site monitoring for conned spaceoperations, with a total of
571 such operations monitored in 2024.
Organizing emergency drills for workplace safety
Revised the Emergency Rescue Plan and conducted
company-wide comprehensive emergency evacuationdrills, involving over
1,100
participants.
The re brigade conducted
re response drills and organized
117training sessions on professionalreghting skills and re safety knowledge.
Delivered fire safety training covering the “Four Firefighting Abilities” and “Three Knows of Fire Safety”,effectively enhancing employees’ ability to use firefighting equipment, extinguish initial fires, and executeemergency evacuations. (“Four Firefighting Abilities” refers to the ability to identify and eliminate firehazards, the ability to extinguish initial res, the ability to organize evacuation and escape, and the ability toconduct re safety education; “Three Knows of Fire Safety” refers to knowing the re hazards associated withthe specic position, knowing the re safety measures, and knowing how to extinguish a re)
Conducted routine patrols, maintenance, and timely repairs of re safety equipment.
Inspecting and rectifying safety hazards
Engaged third-party agencies to assist in risk identication and hazard investigation. In 2024, the EmergencyManagement Center conducted inspections on
5,224
safety hazards, with
5,215
hazards resolved by theend of 2024 and
pending rectication.
Issued
supervision bulletins on construction projects in progress and
on the Intelligent Industrial Parkproject, and carried out
seasonal safety inspections and
targeted inspections on liquor storehouses,electrical systems, special operations, and conned spaces, with a total of
4,250
safety hazards identiedand a
% rectication rate.
Deployed an automated drone inspection system for all-weather, multidimensional, and comprehensive aerialsafety surveillance, identifying
safety hazards, all of which were resolved.
Workplace Safety Inspections at Gujing DistilleryEmergency Response Drills at Yellow Crane Tower Distillery
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Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Gujing Distillery organized employees to watch the safety warning video.
Mingguang Liquor conducted safety education and training for new employees.
Safety Education and Training
Contractor Safety Management
We have established a systematic safety training program, with
2,960
workplace safety education and training sessionsconducted throughout the year, covering
183,727
employees. To regularly identify safety education and training needs,we have established an IT-based education and training platform. All employees have been organized to participate in variousactivities such as the cybersecurity knowledge quiz, ensuring the daily practice and weekly learning of safety knowledge. Moreover,we have launched the Workplace Safety Month campaign and built a multidimensional publicity network through diverse publicitymethods, such as playing safety warning videos and putting up posters for the Workplace Safety Month campaign. Additionally,we have hosted an experience-sharing event themed “Telling My Workplace Safety Story”, encouraging employees to share real-world job-specic workplace incidents to create a workplace where everyone advocates for and upholds safety.
We have continuously strengthened third-party, commissioning, and outsourcing management by enhancing contractors’ safetyawareness and management competence. Clear safety supervision and management requirements have been established forcontractor safety qualication reviews, bidding, contract execution, subcontracting, project initiation, on-site construction, andspecial operations. In response to safety challenges associated with third-party management, commissioning, and outsourcing, wehave released the Notice on Strengthening Safety Management of Related Parties. This initiative included a comprehensive reviewof our third-party, commissioning, and outsourcing units, with
third-party units identied and an information managementarchive established. Moreover, a bulletin board for related parties has been set up in the production workshop of the IntelligentIndustrial Park, displaying their personnel details and identied hazards and supervising the implementation of safety measures.
Nurturing Talented Personnel and Caring forEmployeesGuided by the philosophy that “talent matters more than products and growth outweighs success”, we remain committedto a talent-driven development strategy. We regard our employees as indispensable assets, earnestly protect their rights andinterests, foster their professional growth, safeguard their occupational health, and ensure they benet from the opportunitiesand achievements of the times. In 2024, Gujing Distillery had
13,453
employees, with an employee turnover rate of
4.09
%,remaining below the industry average.
Indicator2021202220232024Total employees (persons)10,74511,31012,96913,453Including: Male employees (persons)8,1278,6579,98510,434 Female employees (persons)2,6182,6532,9843,019Proportion of female managers (mid-to-senior level) (%)12.1312.578.248.10Employees with disabilities (persons)/808893New hires during the reporting period (persons)7621,0191,7581,573
Employee Composition at Gujing Distillery
Employee Distribution at Gujing Distillery in 2024 (Unit: Persons)
2,1062,1175,2403,990
24713,20610,4343,019
7,7725,681
2284,4358,790
By Age Group
By Employment LevelBy GenderBy Region
By Education Level
Mid-to-senior managementGeneral employees
MaleFemaleBozhou regionOther regions
50 years and above41–49 years31–40 years30 years and belowJunior college and below
Bachelor’s degreeMaster’s degree or above
8283
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company LimitedProtection of Rights and InterestsWe firmly oppose any behavior that disregards or violates human rights. In strict compliance with laws and regulations of thePeople’s Republic of China, such as the Labor Law, the Labor Contract Law, the Law on the Protection of the Rights and Interestsof Women, and the Law on the Protection of Persons with Disabilities, we have formulated internal policies including the HumanResources and Employment Management System to standardize recruitment, screening, evaluation, and onboarding proceduresfor employees. We prohibit all forms of discrimination and harassment based on ethnicity, religion, gender, age, or nationality. Weadhere to lawful employment practices, strictly prohibit the use of child labor and forced labor, uphold the principle of equal payfor equal work, and ensure that all labor contracts are established, performed, modied, or terminated in accordance with the law.
Protection of Rights and Interests
Career DevelopmentWe have continued to optimize our talent development system by adopting a multi-channel recruitment approach that integratescampus recruitment, headhunting services, and social hiring. Moreover, we have strengthened our talent pool across core areassuch as business management, digitalization, technical expertise, and marketing, while also providing employment opportunitiesfor retired military personnel. Throughout the year, a total of
1,573
new hires joined the Company, recruiting
brewingtechnicians,
bottling technician and
blending and storage technicians, thereby reinforcing the talent foundation for theCompany’s high-quality growth.
Enhancing Talent Acquisition
We have formulated the Implementation Plan for Skill Development Pathway Evaluation upon discussion, which clearly denesevaluation standards, methodologies, and dynamic management mechanisms for each skill level. This initiative has expanded thedevelopment pathways for skilled personnel and interconnected two major talent tracks—the management talent track and thetechnical and skilled talent track—with four specialized sub-tracks. We have also advanced the reform of term-based and contract-based employment systems, enhanced internal competition and performance appraisal mechanisms, and rened the processesfor job rotation, internal exits, and the adjustment of underperforming roles to foster a dynamic workforce and unleash employees’drive for innovation and performance.During the reporting period,
employees were promoted through internal competition,
employees participated in twofrontline job rotations, and
key personnel, including grassroots managers and core technical staff, took part in positionexchanges.
Expanding Career Pathways
We have implemented dierentiated remuneration adjustments in 2024 under the Remuneration Management System. Followingthe “dual-matching” policy and a position value-oriented principle, we prioritize eciency while ensuring fairness, enhance theexternal competitiveness of our remuneration package, and favor critical positions, key talent, and technical experts. Employees’benet packages are fully protected in accordance with the law, with timely and full contributions to social insurance, medicalinsurance, and other social security benets. Additional coverage includes supplementary medical insurance, accident insurance,critical illness insurance, and enterprise annuities. Legal entitlements of employees to rest and vacations are enforced, such as paidleave, parental leave, continuously enhancing employees’ sense of gain and overall well-being.
Remuneration and Benets
We value every employee’s voice by promoting democratic engagement through the workers’ congresses and the democraticconsultation meetings. Multiple communication channels such as employee mailboxes and a ve-tier system for factory aairs disclosurecovering centers, subsidiaries, departments & offices, workshops, and frontline teams. We have launched initiatives such as thequestionnaire survey on open and democratic problem-solving to support development, further safeguarding employees’ rights to beinformed, to participate, to express opinions, and to supervise while protecting their personal privacy in accordance with the law. Withthese eorts, we have fostered the high-quality functioning of the corporate democratic management system. In 2024, we collected
proposals from the workers’ congresses and
rational suggestions through daily feedback, with a
% response rate. The“real-time dialogue and all-round communication” feedback platform was established, achieving a
% task transfer rate.
Democratic Management
Employee Career Development Pathways (Interconnected)2021202220232024Labor contract signing rate
(%)
100100100100
Social insurance coverage
rate (%)
100100100100
Democratic Consultation Meeting in Progress
Management Talent Track
Technical and Skilled Talent Track
Digital & IntelligentSpecializationSub-Track
Baijiu Skills Sub-TrackManagement
Sub-Track
Baijiu Technology
Sub-Track
New Employee /Apprentice
Senior Management(Assistant GeneralManager, DeputyGeneral Manager)
Consultant, Senior
Consultant
Advanced Digital &Intelligent Engineer
Senior TechnicianSenior Digital &Intelligent Engineer
Special-Grade
Technician
Junior / Intermediate
/ Senior SkilledWorker
FrontlineManagement(Supervisor, DeputyManager, Manager)
Researcher(Junior, Intermediate,Senior)
General Sta (Level 1–5)
Digital & IntelligentEngineer
Technician
Technician
(Level 1–5)
Middle Management(Assistant Director,Deputy Director /Director)
Chief Digital &Intelligent Engineer
Chief Technician
Technical Expert(Junior, Intermediate,
Senior)
8485
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
We attach importance to fostering employee growth and career development and cultivating skilled, procient, and top-tier talentsin production and operations, as well as well-rounded, exceptional, and virtuous talents in corporate management. To matchinternal and external training needs with precision, we have built a diversied training system with categorized, tiered, and leveledstructures. Leveraging the energizing and centralized management function of the Human Resources Center, we have establishedannual training plans, maintained a dynamic roster of internal instructors, and continuously upgraded our training curriculum.Under our “1321” talent development framework, we have actively implemented key programs such as the “Seedling Program”,the “Inheritance Program”, and the “Lighthouse Initiative”. We have provided various training programs such as the training forshift and team leaders, Gu 20 master lecture, the training for reserve ocials in marketing management, lectures delivered bytechnical quality experts and consultants, digital technology training, and employee onboarding, supported by activities such aspeer exchanges and learning. These initiatives have signicantly enhanced employee skills and intrinsic motivation.
We fully implement the guiding principles of General Secretary Xi Jinping’s important discourses on the working class and tradeunion work, as well as his latest thoughts, perspectives, and requirements on the reform of industrial workers development.Upholding the fundamental principle that industrial workers remain aligned with and committed to the Party’s leadership, wefocus on key areas such as ideological and political guidance, safeguarding workers’ status as key stakeholders, skill development,career progression, protection of labor and economic rights, the establishment of platforms for professional achievements, andworkforce expansion. Highlighting the role of enterprises as the main body, we actively collect, promptly report, and continuouslyoptimize enterprise-level reform initiatives. We are committed to exploring a distinctive workforce reform path tailored to Gujing’scorporate characteristics, while advancing workforce reform across subsidiaries such as Yellow Crane Tower Distillery andMingguang Liquor, thereby fostering a world-class industrial technical workforce and promoting harmonious labor relations.In 2024, Gujing Gongjiu will prioritize four key aspects: skill development, career progression, platforms for professionalachievements, and workforce expansion. By mobilizing and guiding industrial workers to play a central role in enterprisedevelopment and China’s modernization, we will conduct workplace training programs, skill competitions, model workerrecognitions, and “Role Models in the Workplace” campaigns. Additionally, we will enhance the establishment of innovationstudios and their collaborative alliances, identify and commend outstanding teams, exemplary individuals, model workers, andmoral exemplars, fostering a corporate culture that values excellence, innovation, and the dignity of labor.
Centered around business areas such as digital transformation, datagovernance, and cybersecurity, this initiative aims to cultivate interdisciplinarytalent in intelligent manufacturing by utilizing an integrated approachcombining lectures, case studies, discussions, co-creation, and study tours.A total of
dedicated training sessions have been held, with
1,052
employees attending.
Focused on inheriting craftsmanship, culture, and spirit, this program adopts a“master-apprentice” talent development model. To date,
mentors and
apprentices have been selected. By the end of 2024,
174apprenticeshad successfully completed their training and graduated from the program.
Designed to foster well-rounded young talents through a multidimensionalapproach that combines theoretical learning with practical application.Two sessions of the program have been launched. In the rst session,
participants achieved varying levels of promotion. The second sessioncomprised eight dedicated classes and enrolled
participants throughcareful selection.
Cultivating High-Caliber Talents
Enhancing the Reform and Development of the Industrial Workers
Indicator2021202220232024Investment in employee training (RMB 10,000)273.06217.41275.57660.01Employee training duration (hours)174,660.47352,942.31381,195.00620,713.09Employee training participants (10,000 persons)17.1346.7334.7044.27
Gujing Distillery’s “1321” Talent Development Framework
Gujing Distillery’s Signature Talent Development Programs
“Lighthouse Initiative”
“Inheritance Program”
“Seedling Program”
First-Class
TrainingPlatforms
Skills Training PlatformDesigned to cultivate skilled personnelManagement Training Platform
Focused on developing various types of managerial andprofessional talents
Online Training PlatformAiming to build the Gujing knowledge management system
Three KeyTrainingSupportSystems
Instructor Management System
Enabling internal instructors to promote mentoring andknowledge transferCurriculum Management System
Continuously refining and updating training courses whileintegrating internal and external resourcesQualication SystemImplementing qualication-based training and evaluation
Two Major
TalentDevelopmentPrograms
Ladder ProgramManagement trackMarketing trackTechnical trackFoundation Program
Skill enhancement classes for versatile shift and team leaders,specialized training programs for automation talent, vocationalskill level certication training and assessments, and theoreticaland practical qualication training
AComprehensiveSet of TalentDevelopmentManagementMechanism
All-Round Learning CreditManagement System
On-the-job training credits, full-time learning credits, rewardcredits, and penalty credits
“Lighthouse Initiative” TrainingHosted by Gujing Distillery
On-site Mentoring by a Master in the“Inheritance Program”
Thematic Training on Hō-Ren-Sō(Reporting–Informing–Consulting) inthe Second Session of the “SeedlingProgram”
8687
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Safeguarding Employee Well-Being
Employee CareUpholding the ne tradition of going into communities to communicate the Party’s lines and policies, carry out research and studies,address people’s complaints, and conduct eld work, we remain committed to the “Three-Listening and Three-System” and frontlinework approaches, demonstrating genuine care for frontline sta, employees in need, and retirees. We have regularly carried out activitiesincluding the delivery of health in spring, coolness in summer, education assistance in autumn, and warmth in winter, as well as healthcheckups, quarterly major illness medical assistance, and door-to-door services. We have also organized rehabilitation and recuperationtrips and oered free health checkups for all employees. Experts from renowned hospitals have been invited to deliver on-site lecturesand provide voluntary medical services for employees through initiatives such as “Renowned Doctors Enter Top Enterprises”, “FreeClinic with the Party in Mind”, and “Receiving Sanfutie to Treat Winter Diseases at the Height of Summer”. Green channels for medicaltreatment have been established to meet the healthcare needs of employees and their families.During the reporting period, nancial support was provided to
families of employees in need, with nearly RMB
800,000
in aid distributed.
rounds of rehabilitation and recuperation trips were organized for frontline employees to help themrecharge physically and mentally.
Caring for Female EmployeesWe highly value and enhance the labor protection of female employees throughout the production process, with thoughtful measures in placeto safeguard their physical and mental well-being. A range of women-focused programs has been launched under the theme “EmpoweringWomen to Pursue Their Dreams, Striving Forward to Achieve New Successes”. Moreover, we have provided breast and cervical cancerscreenings for female employees, showed care and concern for them during menstruation, pregnancy, perinatal, and lactation periods, created“Women’s Homes” and “Mental Wellness Stations”, and delivered lectures themed “Professional Women in Anhui”. During the reportingperiod,2,362
female employees received breast and cervical cancer screenings, with total investment exceeding RMB
470,000
.
Enriching Cultural and Sports LifeWe have organized a variety of engaging cultural and sports activities while continuously improving relevant facilities foremployees. Sta have been encouraged to “step out” and participate in national and provincial events such as the 2nd NationalWorkers Fitness Exercise Exhibition Competition and the 1st Employee Singing Competition in Anhui Province, thereby enrichingtheir leisure activities and fostering a vibrant corporate culture.
Delivery of Health in Spring: Over RMB
million worth of medicine was distributed.
Delivery of Coolness in Summer: Comfort packages worth over RMB
300,000
were delivered to frontline workersduring extreme heat.
Delivery of Education Assistance in Autumn: Over RMB
830,000
in grants and scholarships was awarded tosupport the academic dreams of
students.
Delivery of Warmth in Winter: Goods worth nearly RMB
200,000
were distributed to employees in need and modelworkers during the New Year and Spring Festival holidays.
Though Seasons Change, Our Care Remains Constant
Gujing Distillery hosted the First Gujing Youth Talent Competition.Yellow Crane Tower Distillery hosted a basketball friendship match
for employees.
Mingguang Liquor organized Women’s Day celebrations.
Summer Care to Frontline Employees at Gujing DistilleryRehabilitation and Recuperation Trips for the First Group of Frontline
Employees in 2024
Gujing Distillery achieved first place in the group Tai Chi event,along with the Outstanding Group Award and individual champion,runner-up, and third-place honors at the 2nd National WorkersFitness Exercise Exhibition Competition.
Employees at Gujing Distillery Receiving Sanfutie to Treat WinterDiseases at the Height of Summer
Yellow Crane Tower Distillery Extending Care to Frontline StaIndicator2021202220232024New occupational disease cases (cases)0000Employee health check coverage (%)
100100
Occupational health record coverage (%)100100100100Employee health check expenses (RMB 10,000)393.37415.97 494.67 537.76
Gujing Distillery’sOccupational Healthand Safety ManagementCertication
| | |
| | |
| 证书号:?????^????Z?> | |
安徽古井贡酒股份有限公司（统一社会信用代码：913400001519400083）
| 体系适用范围 | ：位于中国 |
安徽省亳州市谯城区古井镇张集南2公里处105
井大道东头）的安徽古井贡酒股份有限公司的
| 白酒的设计、开发和生产的职业健康安全管理活动 | ||
| 职业健康安全管理体系符合： | GB/T 45001 | |
-2020/ISO 45001:2018
要求及使用指南》
| 发证日期 |
| 自初审/再认证审核认证决定之日起，每间隔不超过12个月必须接受一次监督审核，并经审核合格证书方为有效。证书信息可通过国家认监委官方网站（www.cnca.gov.cn）或扫描下方二维码查询。 | |||
| | |||
| 总经理签发： | |||
Occupational HealthWe strictly comply with the Law on Prevention and Control of Occupational Diseases and the Measures for theSupervision and Administration of Employers’ Occupational Health Surveillance. Internal policies, includingthe Occupational Health Management System and the Occupational Health Management Manual, havebeen formulated and an Occupational Health Oce has been established to oversee the implementation ofresponsibility agreements across all units, monitor the incidence rate of occupational diseases, and assess thecompliance rate of labor protection equipment distribution and usage. We have conducted two occupationalhazard factor tests around the year, with all results falling within permissible limits and publicly disclosed viaworkplace hazard factor warning cards. The emission levels of hazardous factors in all work areas have beeninspected on a quarterly basis to intensify source control of occupational disease risks. Continuous effortshave been made to improve the working environment by providing qualied personal protective equipmentand facilities, so as to reduce employees’ exposure to toxic or harmful substances. Regular occupationalhealth check-ups and targeted publicity campaigns have been organized to keep an eye on the mental healthof employees and promote a healthy, balanced lifestyle. During the reporting period, Gujing Distillery, YellowCrane Tower Distillery, and Mingguang Liquor all successfully obtained certications for their OccupationalHealth and Safety Management Systems.
8889
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company LimitedPromoting Industry-Wide Prosperity throughWin-Win CooperationGuided by a development philosophy of openness, shared benets, and joint responsibility, we maintain rigorous control over suppliermanagement. Through systematic training, specialized governance, and supervision and inspections, we enhance supplier capabilitiesand unleash the full potential of a sustainable supply chain. Additionally, we deepen industry exchanges and collaborations andmaintain close communication and cooperation with industry peers to create a mutually benecial and win-win future.
Supplier Capability Building
Responsible Supply Chain
Base-Oriented CultivationBase-oriented cultivation is a crucial link for baijiu enterprises to control the source of their industry chain. Giving full play toour advantages as a leading enterprise in the industry chain, we have established close collaboration with raw grain suppliersand farmers by signing base planting agreements, technical guidance and funding. Together, we have developed high-qualitygrain cultivation bases covering over
500,000
mu, encompassing the entire process from raw grain selection, planting, andharvesting to storage and transportation. These eorts have eectively mitigated market risks for farmers, created dierentiatedcompetitive advantages, and continuously enhanced our supply chain resilience, thereby ensuring a safe, high-quality, and eco-friendly supply of raw grains for baijiu production.
Responsible ProcurementWe have established a Procurement Center to continuously promote standardized and refined procurement management. Byformulating and implementing internal regulations such as the Procurement Management Regulations for Goods and Services andthe Implementation Rules for Raw and Auxiliary Fuel Procurement of Anhui Gujing Distillery Company Limited, we have developedlong-term mechanisms covering procurement and review, procurement execution, quality inspection, warehousing, and paymentand approval processes. Moreover, we have strictly enforced procurement pricing management and enhanced cost control toensure fair and transparent pricing in all procurement stages, effectively reducing procurement risks. The final approvers foreach procurement plan have been clearly designated, and a robust accountability system has been established to ensure preciseresponsibility fulfillment and enhance the compliance and execution efficiency of procurement. In parallel, we have promotedthe procurement of minor materials from e-commerce platforms by clarifying material scopes, order placement procedures, anddetailed implementation plans, thereby enhancing overall procurement management capabilities.Meanwhile, we have firmly promoted strategic procurement and centralized procurement by integrating company-widepurchasing needs in an orderly manner, ranging from raw grains, auxiliary materials, and packaging to production equipmentand oce supplies, thereby improving bargaining power and procurement eciency through our scale advantages and reducingprocurement costs. Furthermore, we have fostered strategic partnerships with key suppliers by jointly building bases, co-developing new products, and improving processes to achieve shared benets, risk sharing, and collaborative development.
According to internal regulations such as the 2024 Training Plan for Packaging Material Suppliers on Quality Management, we haveadopted a comprehensive training approach combining theoretical training, site visits, and hands-on practice, with the aim ofstrengthening our supply chain quality management. More than
individuals from
packaging and raw grain suppliershave received systematic training in batches. Meanwhile, we have enforced quality control at the source and improved suppliers’responsibility performance through various initiatives such as special rectification, supervision and inspections, performanceevaluations, and blacklist management. Furthermore, we have accelerated the construction of a green supply chain by urgingsuppliers to facilitate process upgrades, energy conservation, consumption reduction, and resource recycling, thereby creating anecosystem for high-quality development based on a shared sense of responsibility.
Supply Chain ManagementWe have revised and improved institutional systems such as the Supplier Management Regulations, and expanded our pool ofhigh-quality suppliers while continually improving mechanisms for supplier admission, dynamic evaluation, risk control, andexit. With these measures, we strive to build a high-quality, responsible, and sustainable supply chain management system thatoperates with stability, safety, and consistency.
SupplierAdmission
We adhere to the principles of openness, transparency, mutual benet, and full competitionand widely attract global high-quality suppliers by breaking through geographic restrictionsand fully leveraging Internet thinking.
Multiple departments jointly draft supplier development notices and evaluation plans, andinvestigate, collect, and verify the materials submitted by suppliers.
All suppliers are required to sign a Code of Conduct for Good Faith Business, with a
%signing rate.
SupplierManagement
We promote IT-based supplier management and manage supplier data via the SupplierRelationship Management (SRM) system.
We conduct regular audits of supplier qualication documents to ensure validity.
SupplierSupervisionand Evaluation
We conduct periodic performance appraisals on suppliers focusing on product quality,delivery timeliness, and service, with relevant results made public on a regular basis.
We organized
31supplier supervision and inspections, covering
suppliers andidentifying
129 issues for improvement.
Supplier Exit
We periodically evaluate and eliminate underperforming suppliers and review and disclosesuppliers placed on the blacklist.
Indicator20232024Partnered suppliers (companies)696843Potential suppliers rejected due to non-compliance with social responsibilityrequirements (companies)
Suppliers whose cooperation was terminated due to non-compliance with socialresponsibility requirements (companies)
3055Suppliers reviewed during the reporting period (companies)1,7512,257Suppliers penalized (companies)3555Supplier training sessions (sessions)105Percentage of suppliers who signed the Integrity Commitment Agreement (%)100100
9091
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
2024 Packaging Material Supplier Quality Improvement Training
Holding the 5
th International Distilled Spirits Technical Forum in 2024 and permanently settle in Gujing Gongjiu
Visiting Fenjiu for Technical Exchange
The 4th Gujing-Moutai Technical Exchange Session
Conducting Technical Exchanges with Beijing Technology andBusiness University
2024 First New Distributor Training Conference of Yellow Crane Tower Distillery
In September 2024, Liang Jinhui, Secretary of the Party Committeeand Chairman of Gujing Distillery, introduced the development ofGujing Distillery to visiting leaders and guests at the 2024 WorldManufacturing Convention.
Strengthening Industry Collaboration
Deepening Exchange and Collaboration
We remain committed to deepening domestic and international exchange and cooperation to promote coordinated industrialdevelopment. By actively participating in the formulation of industry standards, we contribute to the establishment of a scienticand well-rounded standard system for the baijiu industry, helping bring Chinese baijiu onto the global stage.
Developing Industry StandardsWe have fully leveraged our exemplary role in leading the baijiu industry and actively participated in the development of nationaland industry standards. In 2024, Gujing Distillery continued to advance its standardization eorts by leading or participating in thedrafting of
national standards,
local standard, and
group standards. These initiatives have provided technical support andnormative guidance for the industry, facilitated high-quality industrial development, and further consolidated and enhanced themarket inuence of baijiu.
Equal treatment of small and medium-sized enterprisesLarge enterprises and small and medium-sized enterprises are not in opposition, but can be partners in collaborativedevelopment. We fully safeguard the legitimate rights and interests of small and medium-sized enterprises, and help themovercome development bottlenecks and achieve common growth through nancial support, resource sharing, and technologicalempowerment; When conducting business transactions with small and medium-sized enterprises, it is necessary to confirmthe creditor debtor relationship, clarify the payment deadline, settle payments in a timely manner, and avoid aecting the fundow and nancing activities of small and medium-sized enterprises due to delayed payments. During the reporting period, thecompany did not have any overdue payments from small and medium-sized enterprises.
We have actively aligned ourselves with the big picture of industry development and deeply engaged in major domestic andinternational economic, trading, cultural, and technical exchange activities, with the aim of expanding our partnerships bothin scope and depth. With a focus on industry-university-research integration, we have closely collaborated with academic andresearch institutions, including China Agricultural University and the China National Research Institute of Food & FermentationIndustries. These eorts have promoted innovations in brewing technologies and industrial upgrading and accelerated the modernand intelligent transformation of baijiu production. We attach great importance to leveraging culture as a driver of development.Through a diverse range of brand events, we aim to showcase the distinctive appeal of Chinese baijiu and promote the inheritanceand innovation of traditional brewing techniques. As an industry frontrunner, we have continued to lead by example by workinghand-in-hand with industry partners to open a new horizon in high-quality development and better tell the story of Chinese baijiuto a global audience.
9293
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Making Charitable Efforts and Giving Back toSocietyUpholding the principle of “giving back to society and beneting the people”, we have devoted ourselves to rural revitalization,volunteer services, emergency response, and other social welfare eorts, giving back to society through concrete actions.Advancing Rural RevitalizationThe development of Gujing Distillery is inseparable from agriculture following the laws of nature, the dedication of hardworkingfarmers, and the ever-evolving countryside. In response to China’s rural revitalization strategy, we have expanded andstrengthened the baijiu industry to maximize value under the principle of “grain planting to the forefront and produce to follow”and “agriculture to the forefront and industry to follow”. We have established a leadership team for assistance work headedby Liang Jinhui, Secretary of the Party Committee and Chairman of Gujing Distillery, and dispatched the third cohort of ocialsto work at villages, giving targeted assistance to Yongchang Community in Gongdian Town, Lixin County and contributing tocomprehensively promoting rural revitalization through on-the-ground action. In 2024, Gujing Distillery was honored with thetitle of “Advanced Unit for Rural Revitalization in Anhui Province” and won the “Outstanding Organization Award (EnterpriseCategory)” in the Second Anhui Rural Revitalization Innovation and Entrepreneurship Competition.Indicator202220232024Unconditional support funding provided（RMB 10,000）65.675.9180.59Specialty agricultural products purchased（RMB 10,000）41.0822.1230Financial aid for students in need（RMB 10,000）17.52725Underprivileged students supported（Persons）355450Scholarship and grants awarded（RMB 10,000）8071.583.5
Gujing Distillery leaders visited the assisted community to extend their care and support.
Four Treasures of Yangzhuang
“Good Wine Needs No Bush”, a rural revitalization storyshowcasing how Gujing Distillery addressed rural road constructionchallenges, demonstrates Gujing’s corporate responsibility.
Gujing Distillery’s assigned village officials visited and providedcare to local residents in need.
Mingguang Liquor signed a co-development agreement with theMinglv No. 1 Green Bean Base in Jianxi Town, Mingguang City.
Industrial Assistance
We strategically established our “rst workshops” in high-quality grain-producing regions to expand raw grain plantingareas. By promoting base-based cultivation and contract farming, we boosted farmers’ enthusiasm and income whilecreating local employment opportunities.
Yellow Crane Tower Distillery partnered with the local government to jointly build raw grain bases and increase farmers’income. Core employees were dispatched to work in Laifeng County, Hubei Province, facilitating industrial support.
Mingguang Liquor signed a co-development agreement with the Minglv No. 1 Green Bean Base in Jianxi Town, MingguangCity.Consumption Assistance
We organized employees to purchase local agricultural products such as grapes and sweet potatoes, with total purchasesamounting to RMB
300,000
throughout the year.
Leveraging our resources and media platforms, we helped promote and sell specialty agricultural products, such as the“Yongchang Gift Pack” featuring pears, and the “Four Treasures of Yangzhuang” (chili peppers, sweet potato vermicelli,sweet potato starch, and lotus roots).Organizational Assistance
Key personnel were dispatched to rural areas to conduct on-site visits and investigations, identify real needs, and activelyhelp solve practical problems.Educational Assistance
We carried out educational donations and jointly established the “Gujinggongjiu · Nianfenyuanjiang Charity Fund” inpartnership with the Hope Project Leading Group Oce in Bozhou City, providing grants in 2024 to students in need.
9495
Our Practices: Building on Integrity, Crafting Fine Liquor, Upholding Self-Discipline, and Bene?ting SocietyAnhui Gujing Distillery Company Limited
Commitment to Public Welfare and Philanthropy
Supporting Emergency Rescue
We rmly believe in sharing the fruits of our development with society and actively engage in diverse public welfare initiatives.Through robust emergency response support, we spare no eorts to safeguard social stability and public well-being, contributingto a harmonious society and the happiness of the people.
We have established an emergency response mechanism for accidents and disasters, providing all-out support for emergencyrescue and disaster relief. A dedicated re brigade has been established to actively support surrounding communities in rescuemissions and assist in safeguarding people’s lives and property. During ood seasons, we enhanced early warning capabilities forood disasters and assisted with river dredging and road repair. In times of major disasters, we promptly provided supplies andmanpower to aected areas. In 2024, the Company conducted
8social reghting and rescue operations, helping avert propertylosses valued at approximately RMB
600,000
.
Indicator202220232024Total annual donations（RMB 10,000）2,2362,428462Volunteer service teams（Teams）121414Public service activities（Activities）745760795Cumulative volunteer service duration（Hours）1,4901,5201,590
Engaging in Volunteer Services
Promoting Stable EmploymentIn alignment with national employment promotion policies, we actively expand recruitment efforts and provide employmentsupport to individuals facing employment diculties, zero-employment households, unemployed graduates, and nearby villagers.By creating permanent, temporary, and public interest-based exible job opportunities, we help alleviate employment pressures.
Joining Forces for Charitable GivingWe are deeply committed to philanthropic initiatives and encourage employees to participate in helping those in need. Since 2007,our “Golden Autumn Student Assistance and Scholarship Program” has awarded a total of more than RMB
million in grants andscholarships, beneting more than
1,500
students. We have also contributed to charitable causes such as the Anhui CharityFederation’s “Happy Home” project, Bozhou’s emergency epidemic response, and Bozhou’s Minor Protection Fund. Additionally,we have actively participated in the “99 Giving Day” campaign. With a total of RMB
4.62
million in charitable donationsthroughout the year, Gujing Distillery was recognized as an Outstanding Collective Recipient of the Anhui Charity Award.
We vigorously promote the spirit of volunteers featuring contribution, friendship, mutual support, and progress, throughprofessional teams such as the “Gu 20” Volunteer Service Corps and the “14+N” Volunteer Service Teams. Employees areencouraged to engage in diverse volunteer activities to spread Gujing’s positive energy and goodwill, including “Love & Supportfor Exam Candidates”, public education on baijiu, “Model Workers and Artisans Enter Campuses”, caring for the elderly and left-behind children, and building three-star trade union service stations.During the reporting period, we conducted nearly
volunteer activities with over
5,000
participants. The “Gu 20” VolunteerService Corps was named “Outstanding Employee Volunteer Service Team of Bozhou” and
2individuals were recognized as“Excellent Employee Volunteers”. The “Love & Support for Exam Candidates” campaign once again received high praise fromBozhou municipal leaders.
Yellow Crane Tower Distillery participated in the 2024 Hanyang Education Development Fundraising Campaign and conducted charitabledonations.Our dedicated re brigade participated in an emergency rescue operation.
Gujing Distillery team visited a Hope Primary School to provide aid and support.An employee of Gujing Distillery
participated in voluntary blood donation.
9697
Anhui Gujing Distillery Company LimitedFuture Outlook
Future OutlookOn the new journey, we will strive for greater success.2025 marks the year for improving the working style ofGujing. We will rally even more closely around the CPCCentral Committee with Comrade Xi Jinping at its coreand implement the guiding principles from the 20thCPC National Congress, the third Plenary Session ofthe 20th CPC Central Committee, and General SecretaryXi Jinping’s major addresses during his visit to Anhui.Under the strong leadership of the Bozhou municipalCPC committee, municipal government, and the GroupCompany, we will insist on enhancing managementthrough ne work styles, driving development throughecient management, and ensuring stability throughcontinuous growth. We will pursue the enterprising,pioneering, and persevering spirit, strengthen ourcore liquor business, solidify the foundation of quality,carefully plan for the integration of liquor and otherindustries, and spark new momentum for valuecreation. By focusing on high-quality development,we will strive to achieve outstanding results and makegreater contributions to the construction of a betterBozhou on the journey of Chinese modernization.
9899
Anhui Gujing Distillery Company Limited
Appendices Index of Indicators
Third-Party Authentication
Table of Contents
Standards）GRI SustainabilityReporting Standards(GRI Standards)
Guidelines on SustainabilityReporting for ChineseEnterprises (CASS-ESG 6.0)
PageAbout This Report2-2,2-3,2-4P1.1-P1.2P02Message from the Chairman
2-11,2-17,2-24,2-27,201-1,403-1,405-1
P2.1P04About Us2-1,2-9,413P.3.1-P3.4P06Our ESG Journey2-1,2-9,413P10Our Actions in Alignment with the United Nations SustainableDevelopment Goals (SDGs)
2-1,2-9,413P14OurPhilosophy:
Crafting FineLiquor for aHappy Life
ESG Governance、ESG Strategy、ESG-RelatedRisk Management、ESG Key PerformanceIndicators (KPIs), Objectives and Targets
2-9,2-11,2-14,2-22,
2-23,2-27,2-29
G.1.1.1-G.1.1.6P18ESG Topic Management3-1,3-2,3-3G1.1.9P22ESG Stakeholder Engagement & CapacityBuilding
2-29G1.3.1-G1.3.2P23
OurManagement:
Integrity,Fairness andTransparency
Holding High the Banner of Party BuildingLeadership
P26Solidifying Our Foundation through CorporateGovernance
2-9,2-11G.1.1.1-G.1.1.6P28Ensuring Compliance Management and Law-Based Operations
2-12G1.1.8P30Prioritizing Risk Prevention and Control forSteady and Long-Term Growth
2-25G1.2.2-G1.2.4P33Staying Committed to Combating Corruptionand Upholding Integrity
2-27,205G2.1.1-G2.1.4,G2.1.8,G2.2.1-G2.2.3P35
Our Practices:
Building onIntegrity,CraftingFine Liquor,UpholdingSelf-Discipline,and BenetingSociety
Delivering Genuine Quality and ExceptionalServices
404S3.3.1-S3.3.6P40Strengthening Brand Prestige through CulturalInuence
404S3.3.1P49Advancing Innovative Development withScience and Technology
203,301,302S2.1.2-S2.1.13P52Fostering a Pleasant Ecological Environment301-306
E1.1.1-E1.1.8、E1.1.12-E1.1.16,G1.1.8，E2.1.2-E2.1.8,E2.2.7,E3.1.1-E3.1.5,E3.2.3-E3.2.4,E3.3.2-E3.3.4
P61Ensuring Safety and Stability throughCoordinated Management
403S4.2.1-S4.2.6P77Nurturing Talented Personnel and Caring forEmployees
401,404
S4.1.3-S.4.1.7,S4.1.11-S.4.1.12,S4.2.1-S4.2.4,S4.3.1-S4.3.3
P81Promoting Industry-Wide Prosperity throughWin-Win Cooperation
308,414S3.1.1-S3.1.4P88Making Charitable Efforts and Giving Back toSociety
203,413S1.1.1-S1.1.3，S1.2.1,S1.2.5-S1.2.6P92Future Outlook103-2A1P96Appendices
Index of IndicatorsA4P98Third-Party AuthenticationA3P99Feedback FormA5P100
INDEPENDENT VERIFICATION STATEMENTObjectives of WorkBureau Veritas Certication (Beijing) Co., LTD ("BUREAU VERITAS") has been engaged byAnhui Gujing Distillery Company Limited (hereafter referredto as "Gujing Distillery") toconduct an independent verication of its 2024 Environmental, Social and Governance (ESGReport (the "Report"). ThisVerication Statement applies to the related information includedwithin the scope of work described below.This information and its presentation in the report are the sole responsibility of themanagement of Guiing Distilery. Our sole responsibilitywas to provide independentverication on the accuracy of information included.
Scope of WorkGujing Distillery requested Bureau Veritas to verify the accuracy of the following.
Data and information included in the Report for the 2024.1.1-2024.12.31.Excluded from the scope of our Verication is any verication of information relating to:
Activities outside the dened verication period;
Positional statements (expressions of opinion, belief, aim or future intention by GujingDistillery) and statements of future
commitment;Financial data and information that has been audited by a third party
Financial data and information that has been audited by a third party.Level of assurance: limited assurance levelVerication standardVerication standardInternational Standard for Assurance Engagements Other than Audits or Reviews ofHistorical Financial Information(“ISAE 3000(Revised)"),developed by theInternational Auditing and Assurance Standards Board;MethodologyAs part of its independent verication, Bureau Veritas undertook the following activities.
1. Interviews with relevant personnel of Gujing Distillery;
2.Review of documentary evidence produced by Gujing Distillery,
3.Audit of performance data, tracing and checking the sample data according to thesampling principle;
4.Review of Gujing Distillery systems for quantitative data aggregation and analysis.
Our work was conducted against Bureau Veritas' standards for external Verication of Non.nancial Reports, based on current best practicein independent assurance. The validationwork was planned, carried out and concluded based on the limited, rather than absoluteassurance,as determined by Bureau VeritasVerication ConclusionOn the basis of our methodology and the activities described above, it is our opinion that.
Nothing has come to our attention to indicate that the reviewed statements within thescope of our verication are inaccurate and the
information included therein is notfairly stated;
It is our opinion that Gujing Distillery has established appropriate systems for thecollection, aggregation and analysis of quantitative data.
Statement of independence, impartiality and competence
Bureau Veritas is an independent professional services company that specialises in QualityEnvironmental and Occupational Health andSafety, Social Responsibility with more than 190years history in providing independent assurance services. Members of the assuranceteamhave no interests or conicts of relationship with Gujing Distillery. We have conducted thisverication independently and impartially.Bureau Veritas has implemented a Code of Ethicsacross the business to maintain high ethical standards among sta in their day to daybusinessactivities.
Director of Greater China Region
Wendy ZhaoBureau Veritas Certication (Beijing) Co., LTD
2025-04-15Assurance Team Leader
Appendices
Anhui Gujing Distillery Company Limited
Feedback FormDear reader:
Hello!Thank you very much for taking the time to read the "Anhui Gujing Distillery Company Limited 2024 Environmental, Social andGovernance (ESG) Report". In order to continuously improve the company's ESG and social responsibility work, we sincerely inviteyou to fill in the relevant questions in the feedback form and provide valuable feedback on our report. Your opinions are animportant basis for us to promote and improve ESG work. Thank you for your support to our work!
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Email: gjzqb@gujing.com.cnPostal Code: 236800Our contact information
Phone: 0558-5710057Mailing: Headquarters Building of Anhui Gujing Distillery CompanyLimited,Qiaocheng District, Bozhou City, Anhui Province
2.Open questions:
1.What is your overall evaluation of this report?
2.What do you think of the quality of the information disclosed in this report?
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4.What other information do you need to know that is not reected in this report?
5.Do you have any suggestions for our future social responsibility or ESG work and report release?