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泸州老窖:2024年环境、社会和公司治理(ESG)报告(英文版) 下载公告
公告日期:2025-04-28

About the Report

Subject Entities

Basis of Preparation

Luzhou Laojiao Co., Ltd. (hereinafter referred to as "Luzhou Laojiao", "the Company", or "We") publishes an independent reportannually to disclose information related to sustainable development.From 2006 to the present, the Company has published 18 social responsibility reports and environmental, social, andgovernance (ESG) reports. It aims to truthfully, accurately, and completely disclose the efforts and achievements made bythe Company in practicing high-quality sustainable development to stakeholders including the government and regulatoryauthorities, shareholders and investors, customers, suppliers and industries, employees, and the public, thereby fully addressingtheir expectations.

This Report makes disclosure on Luzhou Laojiao and its subsidiaries. The disclosure scope aligns with that of the annualreport.

The 17 Sustainable Development Goals (SDGs) under the United Nations 2030 Agenda for Sustainable Development

The Ten Principles of the United Nations Global Compact (UNGC)

●GRI Sustainability Reporting Standards (GRI Standards), issued by the Global Sustainability Standards Board (GSSB)

ISO 26000: 2010 Guidelines on Social Responsibility

The Guidelines on Sustainability Reporting for Chinese Enterprises (CASS-ESG6.0) issued by the China Enterprise Reformand Development Research Society and Responsibility Cloud Research Institute

Guidance on Social Responsibility Reporting (GB/T36001-2015)

Shenzhen Stock Exchange (SZSE) Social Responsibility Instructions to Listed Companies

SZSE Guidelines No. 1 for Self-Regulation of Listed Companies—Standardized Operation of Main Board Companies

SZSE Guidelines No. 17 for Self-Regulation of Listed Companies—Sustainability Reporting (Trial)

Data Source and Reliability

Terminology Used in the Report

Reporting Timeframe

Access to the Report

All data cited in this Report are derived from the Company's o?cial documents, statistical reports, and nancial statements. Allmonetary amounts are denominated in Renminbi (RMB). The Company and all members of the Board of Directors undertakethat the information disclosed herein is true, complete, and accurate, without any misrepresentations, misleading statements, ormaterial omissions.

For ease of reference, short names are used herein as follows:

This Report presents the annual ESG disclosure for the period January 1, 2024 to December 31, 2024. To enhancecomparability and completeness, retrospective data has been incorporated where necessary.

In line with our commitment to low-carbon and environmental sustainability, we release this Report exclusively in digital format.You can access both the Chinese and English versions of the Report through our Company's o?cial website (https://000568.iryi.com/#/esgreport) or CNINFO (www.cninfo.com.cn).

Short NameFull Name

Luzhou Laojiao, the Company, WeLuzhou Laojiao Co., Ltd.

Distillery CompanyLuzhou Laojiao Distillery Co., Ltd.Huangyi, Huangyi Distilling Ecological ParkThe park in Huangyi Town, Jiangyang District, Luzhou CityLuohan, Luohan Distilling Ecological ParkThe park in Luohan Town, Longmatan District, Luzhou City

Xiaoshi Distilling Base

The production base in Xiaoshi Subdistrict, Longmatan

District, Luzhou City

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

0102

About the Report

Message from the Chairman of the Board

2024 marks a crucial year for Luzhou Laojiao as we push forward with our 14th Five-Year Plan. Despitethe challenges of a fast-changing economy and growing competition, we have embraced this year’stheme of "Resolve, Breakthrough, Innovation, and Collaboration." Through collective effort anddetermination, we have seen steady progress in both revenue and prot, while making notable strides inbrand culture, smart manufacturing, sustainability, and social responsibility.

LUZHOU LAOJIAOSecretary of the Party Committee and Chairman

Building on sustainability, laying a strong foundation forlong-term growth. Anchored in our strategic pillars—Brand

Leadership, Quality Excellence, and Cultural Legacy—we focus on building a holistic "six-in-one" Luzhou Laojiaomodel, which integrates brand value, product quality, culturalheritage, technological innovation, digital transformation, andsocial harmony. We are rmly committed to reclaiming ourposition among the top three in China's baijiu industry, withour leadership reflected in our strong profitability, growingbrand value, and leading progress in digital intelligencetransformation. Through our "700 Years of Chinese AromaticBaijiu Heritage" campaign, we earned recognition as aNational Intangible Cultural Heritage Production Base for2023-2025 and were officially certified as the "Birthplaceof Chinese Strong Aroma Baijiu". We have also placedstrong emphasis on environmental stewardship, conductingcarbon emissions accounting across the organizationfor four consecutive years, performing product carbonfootprint assessments, analyzing carbon emissions andthe effectiveness of energy-saving and carbon-reductionmeasures, and completing the evaluation of our CarbonPeaking Action Plan. For eight years, we have publishedProduct Quality White Papers and received numerousnational-level quality honors, including the "Model of Integrityand Quality" award.

Pledging through action, realizing our mission ofshared prosperity. True success is not only measuredby financial results but by how we contribute to society.At Luzhou Laojiao, we integrate social responsibility intoevery aspect of our business to establish a distinctiveand sustainable development model focusing on theenvironment, collaboration, and governance. On theenvironmental front, our "Digital and Intelligent LuzhouLaojiao" strategy continues to evolve with investmentsin projects like the Luzhou Laojiao Intelligent PackagingCenter. This new facility is setting industry standards forboth efficiency and energy use, driving innovation in thehigh-end baijiu sector and promoting its green and intelligentdevelopment of the baijiu industry. We have also promotedthe cultivation of organic sorghum, building a low-carbonsupply chain from field to production. On the social side,we live by the philosophy of "co-distilling with nature,coexisting in harmony." We are dedicated to supportinginitiatives like the Pillar Project and the Luzhou LaojiaoScholarship, which benefited over a thousand students.

Additionally, we contributed to rural revitalization e?orts inHongyuan County. In 2024, we were honored as one ofSichuan's "Top 10 Philanthropic Enterprises." In terms ofcorporate governance, we prioritize strong managementpractices, constantly refining our integrated frameworkthat covers authority, systems, and processes. This hasenabled us to create a highly e?cient and well-coordinatedcompliance operation system, earning the highest "GradeA" rating in annual information disclosure assessmentsfrom the Shenzhen Stock Exchange and establishingourselves as a benchmark for corporate compliance. Wealso established the "Three Major and One Big" decision-making mechanism, ensuring that major decisions, keypersonnel appointments, signicant project arrangements,and large-scale financial expenditures undergo collectivediscussion and approval, with the Party Committee takinga lead role in providiing direction, overseeing the bigpicture, and ensuring effective implementation. Moreover,we have promoted the development of the "IntelligentHuman Resources Sharing" and "Digital and IntelligentCollaboration Platform," which has helped us build a moreeffective governance system. This effort has earned usrecognition as a leader in industrial data governance inChina.Covenanting with the future, co-creating a sustainablelegacy. At this pivotal moment in history, we are fullyintegrating Environmental, Social, and Governance (ESG)principles throughout our value chain, aligning corporategrowth with societal responsibility. We will continue reningour governance structure, enhancing transparency, andstrengthening shareholder trust through strong financialperformance and long-term value creation. We willdeepen our "Mutual Growth Between Manufacturers andVendors" philosophy, leveraging digital tools and resourcesharing to build a mutually benecial industry ecosystem.Embracing the "Five Shared Principles"—shared culturalroots, unified standards, collective rule adherence, jointmarket expansion, and mutual support in adversity—we willcontinue collaborating with industry partners to strengthenour collective future. We remain steadfast in our foundingmission of "crafting exceptional baijiu for the people,"ensuring that every bottle we produce represents ourcommitment to "consistent quality,sincere service," andsharing the taste of China with the world.

0304

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTMessage from the Chairman of the Board

Message from the General Manager

The year 2024 marks the 700th anniversary of Luzhou Laojiao's continuous commitment to preservingtraditional distilling techniques, and it is also a pivotal year for the Company as we continue to navigatea complex market environment. Under the leadership of the Party Committee and the Board, everyone atLuzhou Laojiao has come together, staying determined and focused to ensure that all tasks are carriedout smoothly. This unity has allowed us to maintain steady and positive growth, creating a strongfoundation for the nal phase of our 14th Five-Year Plan.

LUZHOU LAOJIAODeputy Secretary of the Party Committee and General Manager

This year, the Company has made signicant progressin overcoming key market challenges, with digitalinnovation playing a central role in driving growth.We actively implemented our marketing strategy of "firmcommitment, digital innovation, efficient collaboration, andcomprehensive execution" which helped expand our marketreach and maintain steady sales growth. The NationalCellar brand took the lead, making a major contributionto revenue, while the Luzhou Laojiao brand focused onstrategic growth, continuously strengthening its brandfoundation. By implementing regional strategies such asthe Hundred Cities Plan 2.0 and East China Strategy 2.0,we successfully expanded our presence across provinces,autonomous regions, and cities, further improving marketcoverage and penetration. At the same time, we acceleratedour transformation to digital and intelligent marketing,fortifying our digital channels. The innovation and upgradingof Luzhou Laojiao's membership system further enhancedconsumer loyalty and brand stickiness.In 2024, we laid a strong foundation for quality and seta new industry benchmark with our intelligent systems.

We upheld strict standards for quality, production capacity,and supply chain security, ensuring high-quality developmentat every step. Through a series of measures, includingpromoting a digital management system for red sorghum,enhancing our laboratory CNAS system, and launching anautomated paper box production line, we have consistentlyimproved product quality. We have also strengthenedproduction capacity guarantees, achieving a 100% executionrate for base liquor production processes and a 100% liquorsource guarantee rate. The 63.37 hectare intelligent distillingtechnical transformation project has made steady progress,improving both resource utilization and production e?ciency.

Additionally, the Luzhou Laojiao Intelligent PackagingCenter has o?cially opened, setting a new benchmark in theindustry as the first "Intelligent Manufacturing BenchmarkEnterprise" in the baijiu sector of China.This year, our focus on management innovation hasboosted both quality and efficiency, and systemoptimization helped drive momentum. We focusedon refined management and improved the three-in-onemanagement framework of authorization, system, andprocess. We’ve also deepened state-owned enterprisereforms, optimizing our governance system, and werehonored as an "Advanced Primary-Level Party Organizationin Sichuan Province." Our commitment to safety remainedstrong, with no work-related accidents throughout theyear. We have made remarkable strides in risk preventionand control, particularly in areas like intellectual propertyprotection and legal risk management, and earned thehighest "Grade A" rating in the Shenzhen Stock Exchange'sannual information disclosure assessment. The "Talent Hub"has made initial progress, enhancing our talent pool andadvancing our "three-pillar" human resources managementmodel. We have also embraced digital and intelligentmanagement practices, building a collaborative platformand implementing RPA robot scenarios. This innovation hasearned us the title of "Forerunner" in China’s industrial datagovernance and a place as a "Forerunner" case in China’slight industry digital transformation.Looking ahead to 2025, as we conclude our 14th Five-YearPlan, we are ready to tackle new challenges and seize freshopportunities with a broader strategic vision, a steadier paceof innovation, and a more e?cient coordination!

0506

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTMessage from the General Manager

About Luzhou Laojiao

Company OverviewLuzhou Laojiao Co., Ltd. (stock code: 000568) is a large state-owned liquor enterprise that evolved from 36 distilling workshopsestablished during the Ming and Qing Dynasties. The Companyis recognized as the pioneer of China’s strong-aroma baijiutechniques, the creator of strong-aroma standards, and thebuilder of strong-aroma brands, earning it the title of the "ancestorof strong-aroma baijiu." The Company preserves the "TraditionalDistilling Techniques of Luzhou Laojiao," passed down through24 generations since 1324 AD, and it has been included in thefirst batch of the "National Intangible Cultural Heritage List."The Company also owns the "1573 National Treasure Cellars,"which has been continuously used since 1573 AD. This cellargroup is the largest, most complete, and longest-continuouslyused "living distilling cultural relic" in the world. It is designatedas a "National Key Cultural Relic Protection Unit" and includedin the "Preliminary List of China’s World Cultural Heritage." TheCompany’s main products include the "National Cellar 1573" and"Luzhou Laojiao" series of baijiu, with key performance indicatorsranking among the top in the baijiu industry.As part of its long-term commitment to sustainability, LuzhouLaojiao actively aligns with China's "dual carbon" strategy. TheCompany operates with a strong focus on regulatory compliance,clean production, energy e?ciency, and continuous improvement.By upholding this guiding principle, it strives to build a greenindustry and promote a circular economy. Emphasizing productquality and safety, Luzhou Laojiao practices the philosophy of"making the quality of Chinese Baijiu visible." It has establisheda comprehensive quality control system across the entireindustry chain, plays a key role in setting industry standards,and continues to drive the advancement of high-quality baijiuproduction. At the same time, Luzhou Laojiao is modernizingits supply chain, standardizing supplier admission, evaluation,exit, and other management mechanisms, and integratingdigital technologies to enhance intelligence and upstream anddownstream resource e?ciency. While embracing innovation, theCompany also preserves traditional distilling techniques. LuzhouLaojiao's 1573 National Treasure Cellars, built during the Wanliperiod of the Ming Dynasty, and its traditional distilling techniques,passed down for over 700 years, are unique and invaluableassets to the industry. The Company continues to invest in itsbrand culture, upholding the corporate philosophy of "co-distillingwith nature, coexisting in harmony". As a state-owned enterprise,it takes its social responsibilities seriously, fostering a strongbusiness ecosystem.

0708

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTAbout Luzhou Laojiao

Corporate Culture

Growing with societyThriving with natureCoexisting with humanity

Respect and dedicationInnovation and excellence

Wherever Chinese people go,let them savor Luzhou Laojiao

Be a giant in the Chinese Baijiu industryBe a agbearer of Chinese Baijiu culture

Inherit culture Continuously innovateFocus on customers Create wealth

Co-distilling with natureCoexisting in harmony

Corporate Philosophy

Corporate Philosophy Slogan

ConceptualDimension

Corporate Spirit

Corporate Mission

Corporate Vision

Core Values

Conceptual Dimension

Luzhou Laojiao has been making steady strides in high-quality development. In recent years, it has experienced consistentgrowth, strengthening both its market position, and making it a leading Chinese baijiu brand. In 2024, the Company recordeda total revenue of RMB 31.196billion and a net income attributable to the parent company of RMB 13.473billion. As LuzhouLaojiao continues to expand its global presence and strengthen its brand value, it was listed among China's 500 Most ValuableBrands in 2024. Additionally, it ranked third in the Brand Finance Alcoholic Drinks 2024, with a brand value of USD 8.2 billion,further cementing its leadership in the global spirits industry.

In 2024,

the Company recorded a totalrevenue ofRMB

31.196

billion

a net income attributable tothe parent company ofRMB

13.473

billion

Integration of people-centered and

digital management

Talent is the foundation of successPerformance earns recognition

Operational Dimension

Commitment to a competitivemarketing strategy

Commitment to the belief that "salescome rst"

●Commitment to the core value ofcreating and sharing prosperity

"Three Unswerving Commitments"

Prince stability

●Team stability

Policy stability

"Three Stabilities"

Implementation oforganizational structureconstruction

●Implementation ofdistribution networkexpansion

●Implementation of brandfocus and positioning

●Implementationof service culturedevelopment

●Implementation ofcorporate e?ciencyenhancement"Five Implementations"

Fostering shared growthwith the industry

●Aligning with customers"Four Requirements"

Corporate Management

Principles

R&D ManagementPhilosophy

Environmental Management

Philosophy

Preserving ancestral distilling

techniquesMastering the art of distillation

Culture creates valueHarmony drives sustainable growth

Making the quality of Chinese

Baijiu visible

Happy life originates from green

production

Safety, Health, Happiness

Customer-centric approach

Market-oriented developmentRealize Four "First-Class"Build four core strengthsAchieve a transformation

Human Resource Management

Philosophy

Production ManagementPhilosophy

Safety ManagementPhilosophy

Marketing ManagementPhilosophy

Quality ManagementPhilosophy

Social ResponsibilityPhilosophy

Win-win partnerships withcustomers

●Keeping pace with the market

Management Dimension

0910

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTAbout Luzhou Laojiao

Company Products

National Cellar 1573 ? Classic

National Cellar 1573 ? Spirit of China

Luzhou Laojiao 1952

Luzhou Laojiao Tequ

National Cellar 1573 ? Classic originates from the "National Treasure Cellars" builtduring the Wanli period of the Ming Dynasty (1573 AD). Crafted using the traditionalbaijiu-making techniques of Luzhou Laojiao, this premium baijiu is crystal-clear, with anelegant cellar aroma, a smooth and mellow taste, balanced sweetness, and a clean,lingering nish, embodying the authentic essence of Chinese baijiu.

National Cellar 1573 ? Spirit of China is a tribute to both China's tangible and intangiblecultural heritage. This special edition commemorates the inclusion of the 1573 NationalTreasure Cellars and Luzhou Laojiao's traditional baijiu-making craftsmanship in themajor historical and cultural sites protected at the national level (1996) and the NationalList of Intangible Cultural Heritage of China (2006). This exquisite baijiu is crystal-clear,with a refined cellar fragrance, delicate aged aroma, rich and mellow taste, smoothtexture, and a lingering, clean finish, embodying the authentic essence of Chinesebaijiu.

Luzhou Laojiao 1952 is a agship product within Luzhou Laojiao portfolio. It pays tributeto the brand’s recognition as one of China’s rst "Famous Chinese Baijiu" winners in1952, incorporating the essence of ve consecutive awards to create an outstandinghigh-end strong-aroma baijiu. It stands as a benchmark for the value of premiumChinese baijiu.

Luzhou Laojiao Tequ is regarded as the benchmark of strong-aroma baijiu. Its distinctivebottle design is inspired by the knife-shaped money used as standardized currencyafter the unification of China under the Qin Dynasty. Recognized as the authenticrepresentation of strong-aroma baijiu, Luzhou Laojiao Tequ holds four prestigioushonors: The rst strong-aroma baijiu to win an international gold medal; the only strong-aroma baijiu to win the "Famous Chinese Baijiu" title across multiple generations; a keycontributor to the establishment of strong-aroma baijiu standards; and the pioneer ofthe Tequ baijiu category. This baijiu is world-renowned for its crystal-clear appearance,rich and mellow aroma, smooth yet vibrant taste, long-lasting aftertaste, and lingeringfragrance, making it a beloved choice among consumers.

Luzhou Laojiao Tequ 60s Tribute Edition

Centennial Luzhou Laojiao Jiaoling Baijiu

Luzhou Laojiao Touqu

The Luzhou Laojiao Tequ 60s Tribute Edition is a agship heritage product of LuzhouLaojiao. In the 1960s, due to its limited production, it was only available with specialpurchase permits issued by county-level or higher authorities. As a result, it wasa?ectionately known as "Old County Magistrate", a highly sought-after baijiu that wasnearly impossible to obtain in the early years of the People's Republic of China. In2014, this iconic edition was revived, meticulously preserving the original 1960s Tequpackaging and craftsmanship, while featuring Luzhou Laojiao’s premium aged liquor.It faithfully recreates the classic taste of the era. The product is exclusively availablethrough group-purchase channels, with a limited allocation system to maintain itsexclusivity, rarity, and prestige.

In 2011, Luzhou Laojiao pioneered the concept of cellar-aged baijiu, leveraging itshistoric cellar resources to introduce a grading system based on the actual age offermentation cellars. It carefully selected cellars aged 30, 60, and even over 90 years tocraft China’s rst baijiu named after its cellar age—Centennial Luzhou Laojiao JiaolingBaijiu. This product series includes 30-year, 60-year, and 90-year cellar-aged baijiu. Asthe rst authentic cellar-aged baijiu in China, it lled a market gap and established itselfas the pioneer and leader of the Jiaoling baijiu category, marking the beginning of the"Jiaoling Era" in China's baijiu industry.

Luzhou Laojiao Touqu is one of Luzhou Laojiao’s core heritage products. Since its debutin the 1950s, it has been widely recognized for its exceptional quality, earning multipleprestigious awards, including the Grand Gold Medal at the Moscow International SpiritsExhibition. Renowned for its rich, mellow, and well-balanced profile, it embodies theclassic strong-aroma baijiu style, delivering a harmonious fusion of deep aroma, smoothtexture, and a long-lasting aftertaste. For over 70 years, Luzhou Laojiao Touqu hasremained one of China's most beloved and widely enjoyed baijiu brands.

Luzhou Laojiao Black Cap is a key strategic product, crafted using fermentation cellarsthat account for 91.3% of all heritage-protected cellars in the Chinese baijiu industry.Adhering to traditional solid-state grain fermentation and an eco-friendly, minimalistdistilling philosophy, this baijiu is produced using the industry’s pioneering "cellar mudinheritance technology". Its quality has been rigorously evaluated by experts from theChinese Academy of Engineering and the China Alcoholic Drinks Association, meetingthe standards of baijiu aged in cellars over 30 years old. With its rich grain aroma,smooth and full-bodied texture, and lingering sweetness, Luzhou Laojiao Black Capsets a new benchmark for high-quality, simply packaged, value-driven baijiu.

Luzhou Laojiao Black Cap

1112

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTAbout Luzhou Laojiao

Luzhou Laojiao Whitail Craft Beer 980 is brewed using imported Australian malt,exclusive yeast, and premium imported hops, ensuring exceptional quality from thesource. It follows the traditional German ale fermentation method, using top-fermentingale yeast, and incorporates a unique "double yeast" fermentation technique. Byselecting high-aroma, high-quality fermentation strains, this beer undergoes a slow, 35-day brewing process, allowing avors to fully develop. The brewing process adheresto a zero-additive, zero-filtration, and zero-dilution standard, ensuring a pure, full-bodied, and rich malt taste. With its golden hue, creamy and delicate foam, and classicGerman avor prole, the product delivers a truly exceptional and authentic craft beerexperience.

The National Cellar 1573 Auspicious Snake is a special edition baijiu, designed byinternationally renowned designer Zhang Chaoyang as part of Luzhou Laojiao’sSpring Festival tribute series. The bottle’s graceful, owing form reects a decade ofcontinuous innovation, elegantly capturing the auspicious imagery of the snake. Rootedin Chinese zodiac tradition, the snake embodies the essence of Chinese civilization,symbolizing smooth progress and good fortune. This edition celebrates the Year of Yisi,extending blessings for prosperity and success in the journey ahead.

Mingniang is an innovative herbal tea-infused baijiu, developed under the Healthy ChinaInitiative. Inspired by the distilling traditions of Su Dongpo from the Northern SongDynasty, it harmoniously blends two of China’s most iconic beverages—tea-infusedbaijiu—through modern biotechnology. The result is a smooth, aromatic, and well-balanced drinking experience, featuring a gentle entrance, e?ortless swallow, distinctivetea fragrance, slow intoxication, and quick recovery. Mingniang follows four core brandvalues: technology, fashion, health, and happiness. It's crafted under the leadership ofShen Caihong, Chief Engineer of Luzhou Laojiao, a Chinese Baijiu Master, and one ofthe first National Intangible Cultural Heritage Inheritors. It is made using high-qualityLuzhou Laojiao base liquor and premium high-mountain ecological black tea, supportedby ve professional platforms, including the National Engineering Research Center ofSolid-State Brewing. By overcoming the technical challenges of integrating tea andbaijiu, Mingniang activates natural plant bioactive compounds, reduces metabolic strain,and offers a refined drinking experience characterized by a light, pleasant buzz thatallows for full enjoyment.

Luzhou Laojiao Health Care Baijiu-Mingniang

Luzhou Laojiao Whitail Craft Beer 980

Customized Baijiu-National Cellar 1573 Auspicious Snake

2024 Performance Highlights

Operate with integrity and uphold shared responsibility

Produce greenly in harmony with the environment

●The Board of Directors held a total of

meetings, with a

100%

attendance rate;

●The Company responded to

100%

of investor inquiries via the Shenzhen Stock Exchange investor interactionplatform, answered over

investor inquiries by phone, participated in

securities strategy meetings,organized

investor exchange meetings, and hosted

online earnings briengs;

●A total of

periodic and interim reports were issued, and the Company has consistently received a Class

A

rating (highest level) for information disclosure from the Shenzhen Stock Exchange for multiple years;

●No corruption-related lawsuits occurred;

●100%

of the Company's suppliers and distributors signed the Agreement on Joint Integrity Building;

Conducted business ethics and anti-corruption training for directors, management, and all employees, achieving100%

coverage;

●Organized

cybersecurity training sessions, with

1,523

employees participating in online information securityawareness programs, and

1,469

completing the training assessments;

●No privacy security breaches occurred.

●Calculated the carbon footprint for

products;

●Invested RMB

58.01

million in environmental management, including RMB

34.20

million for energyconservation and e?ciency upgrades, and RMB

23.81

million for other environmental initiatives;

●Conducted

environmental training sessions, with

14,450

participants;

●Energy consumption intensity per unit of raw liquor dropped by

6.44%

, achieving the target of a

0.43%

year-over-year reduction in base liquor production energy intensity;

Purchased

5,944

MWh of green electricity, recycled

3,599,200

cubic meters of biogas, reducing carbondioxide emissions by

58,808

tonnes;1314

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT总经理致辞2024 Performance Highlights

Craft with excellence and grow together with customers

Foster diversity and thrive alongside employees

●No product recall occurred;

No food safety incidents occurred;

●Conducted

quality training sessions, engaging nearly

1,000

employees;

●Achieved a

100%

response rate to customer feedback and a

97.30%

resolution rate for customercomplaints;

●Conducted

dealership customer surveys, covering

1,879

dealers, with a

99.70%

customer satisfactionrate;

●Provided

responsible marketing training sessions, ensuring

100%

participation of employees in the BrandCenter and Planning Department.

No

cases of child labor, forced labor, or discrimination were identied;

The Company employs

evaluators, including

expert-level,

intermediate-level, and

junior-level evaluators;

●RMB

13.88

million was invested in employee training, totaling

297,378.88

hours, with anaverage of

88.90

training hours per employee;

Create value and drive progress with the industry

Preserve cultural heritage and advance with society

suppliers obtained the ISO 45001 certication for occupational health and safety,

obtained the ISO 14001certication for environmental management, and

obtained the ISO 9001 certication for quality management;

●Organized

hours of ESG-related training for suppliers, covering workplace safety, resource conservation, andanti-corruption, with

suppliers participating;

●60%

of suppliers are based in Luzhou City, contributing to over

90%

of the total annual procurementamount, while suppliers in the Baijiu Industry Park accounted for over

85%

of annual procurement;

●Secured approval for three provincial-level projects, with a total funding of RMB

2.40

million;

●The postdoctoral research station welcomed

new postdoctoral researchers,

PhD candidates, and

master's degree students.

●Invested RMB

3.54

million in rural revitalization, beneting over

4,460

villagers;

●2,664

employees participated in

volunteer activities, contributing over

1,200

service hours;

●RMB

11.49

million was invested in philanthropy.

●Achieved

100%

employee satisfaction rate;

●Provided

1,876

instances of nancial assistance, supported

employees' children with educationsubsidies, and allocated RMB

871,800

for employees in nancial hardship;

●Achieved

100%

health check-up coverage, with

no suspected occupational disease cases.

●The Company's compliant disposal volume of hazardous waste reached

28.12

tonnes, and solid wastereached

395,040

tonnes, achieving a

97.9%

resource utilization rate;

●Implemented water-saving measures:

61,100

tonnes of water saved in water production;

2,367,100tonnes through the recycling of brewing cooling water;

1,346

tonnes of water saved in baijiu production;97,000

tonnes of water saved in product packaging;

●Hosted nearly

biodiversity-related training sessions, with over

10,000

participants annually.

1516

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT2024 Performance Highlights

2024 Awards and Honors

ESG governance framework of Luzhou Laojiao

Decision-making level

Management level

Execution level

Board ofDirectors

Strategyand ESGCommittee

ESGWorking

Group

ESG Governance

Luzhou Laojiao actively upholds its social responsibility philosophy of "growing with society, thriving with nature, coexisting withhumanity." The Company continuously renes its ESG management system, strengthens ESG issue governance, and upholdsenvironmental protection, social responsibility, and corporate governance as the three pillars of its long-term development.By working closely with stakeholders, the Company strives to create a greener, more socially responsible industry and drivesustainable progress.

Luzhou Laojiao places great emphasis on ESG governance, continuously optimizing its ESG governance framework andimproving governance e?ectiveness. In 2024, the Company issued the Rules of Procedure of the Strategy and ESG Committeeof the Board of Directors

. The Board of Directors is the highest governing body for ESG matters and oversees the Strategy andESG Committee, which includes three directors, including the Chairman. This committee guides long-term strategy, investmentdecisions, sustainable development and ESG e?orts while providing regular updates to the Board. Additionally, the Strategyand ESG Committee establishes an ESG Working Group as needed to collect information, coordinate meetings, and ensure theexecution of ESG-related decisions.

https://www.szse.cn/disclosure/listed/bulletinDetail/index.html?64f41c0e-1ef8-492f-9078-c4966a07a9ed

●Being the highest decision-making body on ESG matters

Reviewing the Company's ESG strategy and objectives

●Makeing decisions on major sustainability-related issue

●Studying and advising on sustainable development,ESG and related matters

●Reviewing the Company's ESG report and reportingto the Board

●Coordinating ESG initiatives across the company

●Collecting relevant information and data, andarranging meetings regularly

●Implementing decisions made by the Strategy andESG Committee

ESG Governance Framework

2024 Special Award for Scientic and

Technological InventionChina General Chamber of Commerce

Environmental Integrity Enterprise

Golden Bull Awards for Most ValuableInvestment and Best Disclosure PracticeDepartment of Ecology and Environment

of Sichuan Province

China Securities Journal

Grade A (Excellent) in Information

Disclosure Assessment

Shenzhen Stock Exchange

Best Practice in Board Governance for

Listed Companies

China Association for Public CompaniesTop 100 of the 18th Awards of the Value of

Listed Companies in China

Securities Times

Top 10 of the Hurun Most Valuable

China Brands 2023Hurun Brands List

Best Practice in Investor RelationsManagement for Listed Companies

China Association for Public Companies

National Safety Culture Construction

Demonstration Enterprise

Advanced Enterprise Full-time Fire

Brigade of Sichuan Province

Contact Point for Female Workers of the

All-China Federation of Trade Unions

Executive Director Unite of Enterprise

Anti-Fraud Alliance

"Pacemaker" in China's Industrial

Data Governance

Provincial Safety Culture ConstructionDemonstration EnterpriseExcellent Organizer of the Luzhou WorkSafety Emergency Science Popularization

Scene Drama CompetitionSelected as one of the rst batch of on-siteteaching sites for key work innovation casesof the All-China Federation of Trade Unions

Intelligent Manufacturing Benchmark

Enterprise

2024 "Pacemaker" Case of DigitalTransformation in China's Light Industry

China Association of Work Safety

Fire and Rescue Department of Sichuan

Province

Women Workers Committee of the All-China Federation of Trade Unions

Enterprise Anti-Fraud Alliance

China Federation of Industrial Economics

O?ce of Sichuan Work Safety Committee

O?ce of Luzhou Work Safety Committee

All-China Federation of Trade Unions

Secretariat of the China Intelligent Manufacturing

System Integrator Consortium

China Light Industry Information Center

1718

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTESG Governance

In 2024, Luzhou Laojiao conducted a materiality assessment based on the compliance requirements of the Shenzhen StockExchange, leading ESG rating frameworks, and industry best practices. The process incorporated stakeholder expectations andconcerns, identifying 20 key material topics and updating the company’s materiality matrix. Luzhou Laojiao bases its response tostakeholder concerns on these ndings and provides relevant disclosures in this report.

Materiality Issues Assessment

Materiality issues assessment process of Luzhou Laojiao

Luzhou Laojiao 2024 ESG materiality matrix

Importance to Stakeholders

Importance to Luzhou Laojiao

Stakeholderengagement

Materiality

issuesassessment

Material topicidentication

Materiality

matrixconrmation

Social issuesGovernance issuesEnvironmental issues

Biodiversity conservation

Low Importance

Moderate ImportanceHigh Importance

Responding to climate changeProduct carbon footprint

Water resource managementBusiness ethics and anti-corruption

R&D and innovationCustomer service

Employee Rights and Protection

Product safety and quality

Occupational health and safety

Data security andprivacy protectionEmployee training and developmentCultural heritage and

social contribution

Packaging materials and waste management

Industry collaboration and advancement

Responsible marketing

Supply chain management

Customer service

Corporate governanceResponsible drinking

Luzhou Laojiao actively engages with stakeholders, closely monitoring their expectations and concerns. By maintaining e?ective,ongoing communication and using diverse engagement channels, the Company ensures timely responses to stakeholder needsand incorporates their insights into its sustainability strategy.

Stakeholder Communication

Luzhou Laojiao's stakeholders and communication channels

StakeholdersExpectations and ConcernsCommunication and Response MeasuresGovernmentandRegulatoryAuthorities

●Compliance with laws and regulations

●Business ethics

●Supporting local economicdevelopment

●Ensuring legal and compliant operations

●Aligning with national policies

●Fullling corporate social responsibilities

●Strengthening governance mechanismsShareholdersand Investors

●Economic and market performance

●Risk management

●Information disclosure

●Maintaining prudent business operation

●Enhancing information disclosure

●Ensuring fair prot distribution

●Organizing investor meetings

Employees

●Competitive compensation andbenets

Occupational health and safety

Career development and training

●Improving training and promotion systems

●Enhancing employee welfare programs

●Strengthening employee healthmanagement

●Holding employee representative meetings

Consumers/Clients

●Product quality and safety

●Customer service

●Responsible marketing

●Promoting responsible drinking

●Strengthening quality control

●Enhancing customer service

●Standardizing marketing communications

●Advocating responsible drinking

●Conducting customer satisfaction surveysPartners andSupply Chain

●Business ethics

Supply chain management

●Industry exchanges

●Establishing a robust supply chainmanagement system

●Disclosing procurement information

●Providing supplier training

●Hosting distributor conferencesEnvironment

●Environmental protection

Climate change mitigation

●Implementing green production initiatives

●Practicing sustainable operationsCommunity

●Community engagement

●Public welfare initiatives

●Rural revitalization

●Participating in public welfare programs

●Supporting rural revitalization

●Organizing volunteer activities

●Establishing a regular communication mechanism with government bodies, regulatory agencies,investors, employees, and other stakeholders to document and address their concerns

Identifying actual and potential economic, environmental, and social impacts based on operations,business relationships, and stakeholder input

●Selecting an initial list of 20 material topics in alignment with SZSE compliance requirements, leadingESG rating frameworks, and industry best practices, while incorporating stakeholder expectations

●Reviewing and prioritizing material topics based on survey results, with input from third-party consultantsand company management, then visualizing them in a two-dimensional materiality matrix

Conducting ESG materiality surveys to gather stakeholder insights on key ESG topics and corporatestrategy

1920

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTESG Governance

Operate with Integrityand Uphold SharedResponsibility

Sustained growth relies on strong corporate governance. Luzhou Laojiao strengthens the foundation of compliance,upholds business ethics and anti-corruption principles, and establishes a comprehensive risk management frameworkto proactively identify and mitigate risks. Simultaneously, the Company continues to advance its "Digital and IntelligentLuzhou Laojiao" initiative, enhancing information security and privacy protection while promoting high-quality, sustainabledevelopment across the industry.

Corporate GovernanceInformation Security and Privacy ProtectionDigital and Intelligent Luzhou Laojiao

Business Ethics and Anti-corruption

Corporate GovernanceLuzhou Laojiao strictly adheres to all applicable laws, regulations, departmental rules, and corporate governance standards,including the Company Law, the Securities Law of the People's Republic of China, and the Guidelines for the Articles ofAssociation of Listed Companies. In compliance with these legal and regulatory requirements, the Company has formulatedgovernance policies such as the Articles of Association and the Rules of Procedure for the General Meeting of Shareholders,ensuring a robust corporate governance framework. The Company’s governance structure is built on clear rights, responsibilities,and a system of checks and balances. It includes the General Meeting of Shareholders, the Board of Directors, the Board ofSupervisors (collectively referred to as the "Three Boards"), and the Executive Management Team. The Board of Directorsoversees four specialized committees: the Strategy and ESG Committee, the Nomination Committee, the Audit Committee,and the Remuneration and Appraisal Committee. Focusing on the operation of the Three Boards, the Company continuouslyenhances and renes its governance system, formulates comprehensive rules of procedure, and clearly denes the rights andresponsibilities of all parties. These e?orts strengthen the independent operation and oversight of the Three Boards, ensuringsound governance and safeguarding shareholders' rights and interests.

Luzhou Laojiao governance frameworkGeneral Meeting of Shareholders

Audit Committee

Strategy and ESGCommittee

Nomination Committee

Remuneration andAppraisal Committee

Board of SupervisorsBoard of Directors

Executive Management TeamGovernance framework and responsibilities of Luzhou Laojiao

The General Meeting of Shareholders is Luzhou Laojiao’s highest decision-making body, with itsresolutions shaping the Company’s development. To safeguard shareholder rights, the Companyhas established the Rules of Procedure for the General Meeting of Shareholders in line withlegal requirements. These rules define key processes, ensuring standardized operations andpromoting an open, fair, and transparent environment. Shareholders are guaranteed the right toaccess information, participate in decisions, and exercise their voting rights.The Board of Directors reports to the General Meeting of Shareholders and operates under theArticles of Association, the Rules of Procedure for the Board of Directors, and the rules governingits specialized committees. It carefully evaluates internal and external factors, deliberates onmajor strategic and business decisions, and exercises its authority with diligence, ensuring theCompany’s stable and sustainable growth.The Board of Supervisors performs its duties in accordance with the Articles of Association andthe Rules of Procedure for the Board of Supervisors. It oversees the Company’s nancial andbusiness activities and monitors the performance of directors and senior executives to ensureregulatory compliance. By safeguarding the interests of the Company and its shareholders, theBoard of Supervisors plays a key role in promoting stable development.

GeneralMeeting ofShareholders

Board of

Directors

Board ofSupervisors

Luzhou Laojiao prioritizes building a professional, independent, and diverse Board of Directors. The Company follows astructured diversity framework when selecting board members, considering factors such as gender, age, cultural and educationalbackground, professional experience, skills, knowledge, and tenure. By optimizing the Board’s composition and introducingspecialized talent, the Company ensures a well-structured governance system that supports the Board’s e?cient and strategicoperations. Board members bring expertise from various sectors, including accounting, finance, engineering, and the foodindustry. As of December 31, 2024, the Board comprised 11 members, including four independent directors. During the reportingperiod, the Board held nine meetings, achieving a 100% attendance rate.

Professionalism, independence and diversity of Luzhou Laojiao's Board of Directors

●The Board has four specialized committees: the Nomination Committee, Remuneration and AppraisalCommittee, Strategy and ESG Committee, and Audit Committee;

●All 11 directors hold a master's degree or higher;

●Board members possess expertise across various professional elds, with some directors recognized asindustry experts.

●Among the 11 directors, four are independent directors, accounting for 36.4% of the Board;

Independent directors serve as chairpersons of the Audit Committee, Nomination Committee, andRemuneration and Appraisal Committee, and constitute the majority of members in these committees;

●The Company enforces a separation of roles between the Chairman and the General Manager, ensuring thatthese positions are not held by the same person.

●The Board includes one female director;

●Board members represent a diverse age range.

During the reporting period,

the Board held

meetings

achieved a100%

attendance rate

ProfessionalismIndependenceDiversity

2324

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

We are committed to fostering transparent and e?ective communication with investors, safeguarding the rights and interests ofall shareholders, particularly minority investors. The Company has established and implemented internal governance policies,including the Information Disclosure Management System and the Investor Relations Management System, to enhancetransparency and engagement. By utilizing various communication channels and platforms, we strengthen investor relations,build market condence, and work to maximize corporate value and shareholder returns.

Information disclosure management mechanism

Investor relations management mechanism

●The Company's long-term development strategy

●Legally required disclosures

●The Company's information related to dailyoperations and management

●The Company's ESG information

●Corporate culture and values

●Processes and procedures for shareholders toexercise their rights

●Investor inquiries and concerns

●Current and potential risks and challenges facedby the Company

Other relevant corporate updates

Multiple communication platforms,including the Company’s o?cialwebsite, social media platforms,telephone hotline, and email

●Utilization of network serviceplatforms provided by stockexchanges, securities registration,and infrastructure

●In-depth engagement throughvarious investor forums, includingshareholders' meetings, investorexchange meetings, roadshows,analyst meetings, and symposiums

●The Board Secretary isresponsible for coordinatingand managing investorrelations. The Board O?ceserves as the dedicateddepartment for investorrelations management

InformationDisclosureManagement andResponsibilities

Investor RelationsManagement Channels

Information DisclosureChannels

Contents ofInformationDisclosure

InformationDisclosure Channels

Communication Content for Investors

In 2024,

the Company maintained a

100%

response rate to investor inquiries through theShenzhen Stock Exchange’s investor interaction platform

addressed over

investor inquiriesby telephonethe Company actively engaged withthe capital market by participating in

securities strategy meetingsthe Company prepared and published

periodic and interim reports

the Company had consistently received an

"A"

rating—the highest level—for information disclosurefrom the Shenzhen Stock Exchange for multipleconsecutive years

organized

investorexchange meetings

hosted

onlineearnings briengs

Luzhou Laojiao prioritizes corporate compliance and is committed to building a comprehensive management system thatensures stable operations within legal and regulatory frameworks, industry standards, and internal policies. The ComplianceCommittee serves as the central body for oversight, ensuring adherence to best practices and long-term sustainabledevelopment.

The Company has established a comprehensive compliance and internal control system by formulating the ComplianceManagement Measures and the Basic Standards for Enterprise Internal Control. To mitigate legal risks, the Companycontinuously strengthens risk monitoring and early warning mechanisms across key areas, including capital operations, projectexecution, major asset acquisitions, signicant loan transactions, contract review, and employment practices. Legal supportis integrated into decision-making processes to safeguard corporate interests. Additionally, the Company conducts systematicreviews of past case studies and offers compliance training across all business units to enhance awareness and ensureadherence to compliance protocols.

Compliance Management

Compliance management framework of Luzhou LaojiaoInstitution NameFunctional Scope

ComplianceCommitteeCompliance

O?ce

The Compliance Committee is composed of various functional departments and subsidiary companies,and is responsible for providing guidance, supervision, and assessment of compliance management.The Legal and Risk Control Center is responsible for the daily management of compliance-related tasks.

●The Board of Directors oversees information disclosure, while the BoardSecretary manages day-to-day disclosure responsibilities. The Companyensures the Board Secretary has the necessary resources, and all disclosureobligors are expected to provide full support and cooperation.

●Disclosures include regular reports (Annual and Interim Reports) and interimdisclosures for material events that could significantly impact the Company’ssecurities or derivatives prices.

●Information is released through the o?cial Shenzhen Stock Exchange websiteand other regulatory-compliant platforms approved by the China SecuritiesRegulatory Commission (CSRC).

2526

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Luzhou Laojiao continuously improves its internal control system, guided by laws and regulations and anchored in compliancemanagement. The Company implements a comprehensive risk management framework and has established a "Three Lines ofDefense" mechanism to assess, monitor, and mitigate various risks, ensuring legal and regulatory compliance in all businessactivities.

Risk Management

"Three Lines of Defense" risk management mechanism

Each business department isresponsible for managing riskswithin its scope, serving as therst line of defense.

The Legal Risk Control Centerserves as the Company’s riskmanagement unit, organizing,coordinating, and supervisingrisk management e?orts whileproviding support to otherdepartments, fullling its roleas the second line of defense.

The Discipline Inspection,Supervision, and AuditDepartments overseecompliance within theirdesignated authority, formingthe third line of defense.

First Line of DefenseSecond Line of DefenseThird Line of Defense

Risk management process

Departments and a?liated enterprises are requiredto complete risk assessment questionnaires, whichare then collected and analyzed.

Identied risks are veried to conrm their actualexistence and specic impact on the Company’soperations.The veried risks undergo in-depth evaluation,assessing their likelihood of occurrence and potentialimpact, including legal, nancial, and reputationalconsequences.

Preventive and mitigation measures are developedand implemented to reduce or eliminate risks andminimize their potential adverse e?ects.

Risk Identication

Risk Analysis

Risk Conrmation

Risk Prevention and Control

Luzhou Laojiao strictly complies with the Supervision Law and other applicable laws and regulations. The Company hasestablished a robust internal governance framework, which includes policies such as the "Three Early Warnings and ThreeCards" Integrity Alert Mechanism, the Regulations on Employee Integrity Compliance, the Measures for Integrity Review inO?cial Selection and Appointment, the Interim Provisions on Middle-Level O?cial Accountability, the Several Provisions onMiddle-Level O?cial Integrity Compliance, and the O?cial Management Measures. During the reporting period, the Companyrevised several internal policies, including the Administrative Measures for Tangible and Monetary Gifts, the AdministrativeMeasures for Integrity Supervisors (Trial), and the Detailed Rules for the Supervision of the Discipline Inspection Committees ofPrimary-Level Party Organizations (Trial), explicitly reinforcing a “zero-tolerance” policy toward any form of corruption or bribery.The Company has established a stringent discipline inspection and supervision framework, with the Discipline InspectionCommittee overseeing the daily management of business ethics issues. Luzhou Laojiao Co., Ltd., Luzhou Laojiao Distillery Co.,Ltd., and Luzhou Laojiao Sales Co., Ltd. have established Discipline Inspection Committees with subordinate o?ces. All primary-level Party branches appointed dedicated discipline inspection commissioners, enabling comprehensive disciplinary oversightacross all business operations. In 2024, no corruption-related litigation cases were reported.

Anti-Bribery and Anti-corruption

Key integrity management mechanisms

Business Ethics and Anti-corruptionLuzhou Laojiao rmly opposes corruption, bribery, extortion, fraud, monopoly, money laundering, and unfair competition. TheCompany continuously strengthens its supervision system, ensures open and unobstructed reporting channels, safeguardswhistleblower condentiality, and actively fosters a transparent and ethical business environment.

"Three EarlyWarnings and ThreeCards" IntegrityAlert MechanismCode of Conductfor ProfessionalIntegrity

Integrity Review

Tangible andMonetary Gifts

Management

Accountabilityof Middle-level

O?cials

This proactive mechanism identies potential corruption risks and unethical behaviors throughearly detection, immediate warning, and rapid intervention. It utilizes reminder, caution, andcorrection cards to reinforce prevention and ensure timely alerts.

The Company has established conduct guidelines for employees in external businessactivities, explicitly outlining prohibited actions and establishing a structured penalty system forviolations.

Strict integrity reviews are conducted during the o?cial appointment process. The DisciplineInspection Committee evaluates candidates comprehensively before their promotion, issuingnal integrity review opinions.

●For directly managed o?cials, the Party Committee and Discipline Inspection Committee holddecisive "one-vote veto" authority in assessing ethics and integrity.

●When holding middle-level officials accountable, the focus is on aligning responsibilitieswith actual faults, following the principle of "seeking truth from facts" and combining botheducational and disciplinary measures.

●A hierarchical accountability system is in place to ensure that responsibility for accountability isimplemented at each level.

●Leaders and employees at all levels are expected to reject tangible and monetary gifts inbusiness dealings. If gifts cannot be declined or returned, they must be reported, properlymanaged, and disposed of in line with relevant regulations.

2728

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Luzhou Laojiao prioritizes integrity in itspartnerships, promoting ethical collaborationthrough the Agreement on Joint IntegrityBuilding and the issuance of integrity supervisioncards. These measures clarify business ethicsrequirements, including anti-corruption andanti-bribery standards, and outline penaltiessuch as liquidated damages deductions anddisqualication from cooperation. In procurementmanagement, the Company works with multipledepartments to rigorously review supplierqualifications, ensuring compliance acrossthe supply chain. During the reporting period,100% of suppliers and distributors signed theAgreement on Joint Integrity Building.The Company integrates business ethics audits into its overall audit process annually, with a focus on anti-corruption andbusiness ethics. In 2024, the Company enhanced governance by incorporating daily supervision into project management,procurement, and key business oversight. It also improved the "1+5+N" supervision system

to integrate various supervisorymeasures more effectively. Key actions included, conducting eight risk analyses and evaluations, identifying and rectifyingmultiple risks, employing 42 integrity supervisors and clearly defining the roles and responsibilities of Discipline InspectionCommittee members, strengthening joint supervision through ve special initiatives across multiple departments to eliminaterisks and enhance management processes, and deepening on-site inspections in sales regions such as Shijiazhuang, Tianjin,and Chengdu, leading to the identication and rectication of several issues.The Company continues to promote business ethics and anti-corruption training and awareness campaigns. Integrity educationis provided to the Board of Directors, management, and all employees in various formats. In 2024, the Company achieved 100%training coverage for directors, management, and employees.

Ceremony for signing the Agreement on Joint Integrity Building

"1" refers to the specialized supervision by the Company's Discipline Inspection Commission; "5" refers to the supervision by the Party organization,functional departments, employees, partners, and third-party professional institutions; and "N" refers to the joint supervision by multiple departments withinthe Company, including nance, auditing, legal a?airs, human resources, enterprise management, safety, environmental protection, and others. Thissupervision system covers all categories across the entire chain of the Company and applies to all employees.

During the reporting period,

100%

of suppliers and distributors signed the Agreement on Joint Integrity Building

the Company achieved

100%

training coverage for directors, management, and employees

Family integrity support initiative

CaseBusiness ethics and anti-corruption training series activities

CaseAnti-corruption theme activity for families

To enhance employees' awareness of integrity, the Company has taken a range of measures to cultivate a culture of integrity:

●By combining comprehensive coverage and personalized approaches, we have developed a series of integrity educationcourses, with 372 sessions for all employees. Additionally, key personnel have received personalized education, including 132specialized sessions and 43 unique activities. We have developed 79 distinctive courses, covering over 16,000 participants.

Integrating a commitment to core values with a focus on warning education, we have strengthened thematic education byconducting 30 discipline education sessions and implementing 55 "Four Ones" warning education activities, reaching morethan 3,000 participants.

●Integrating cultural leadership with clean governance initiatives, we have deepened the signicance of our "Pure Spirit NationalCellar · Eternal Prosperity Through Excellence" campaign. We have guided 35 primary-level party organizations in buildingtheir unique brands, upgraded online education platforms, published 287 articles on our public accounts, which received over

80,000 clicks and shares. Additionally, we organized 6 themed events, covering more than 5,000 people, trained 83 lecturers,

and created 25 pieces of content.

The Company focuses on key groups, such as young and newly promoted o?cials, conducting family-based anti-corruptionvisits under the theme "Bringing Integrity and Warmth to Families: Promoting Clean Family Values." These visits cover allemployees at different levels, using discussions, risk reminders, and "Family Integrity Support Packs" to clarify integrityrequirements and risks in the workplace for employees and their families, while inviting them to jointly safeguard good familytraditions.In 2024, the Company will develop the"Four Ones" family tradition activity brandand organize the theme event "Fosteringthe Integrity Culture of National Cellarand Cultivating a Better Life Together."This will involve primary-level partyorganizations conducting 16 activities,including on-site education at familytradition education bases and distinctivefamily tradition-themed activities. Wewill create family tradition classrooms toreinforce family values, select the "TopTen ‘Incorruptible’ Domestic Assistants"and 2024 Exemplary Family, and activelypromote family role models. Additionally,we will host the "Big Hands, Little Hands,Practicing Good Family Tradition"themed study activities on June 1st,organizing employees and their childrento participate, further fostering parent-child integrity.2930

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Luzhou Laojiao strictly adheres to the Anti-Monopoly Law of the People's Republic of China and the Anti-Unfair CompetitionLaw of the People's Republic of China and has formulated the Employee Code of Conduct and Labor Discipline ManagementMeasures, which clarify the handling of trade secrets and rights protection cases, reinforcing awareness of fair competition.

Luzhou Laojiao strictly complies with the Anti-Money Laundering Law of the People's Republic of China and the Measuresfor the Administration of RMB Current Accounts with Banks. The Company has established internal systems, including theMonetary Fund Management Measures and the Bank Deposit Management Measures, which regulate the opening, usage,and cancellation of RMB bank settlement accounts to e?ectively mitigate money laundering risks. In collaboration with nancialinstitutions, Luzhou Laojiao conducts client identication and due diligence in line with anti-money laundering practices. It hasalso established a robust monetary fund management system and promotes the e?ective management of nancial information.To strengthen internal awareness, the Company conducts periodic training and awareness campaigns to enhance employees’understanding of anti-money laundering practices.

The Company has developed the Administrative Measures for Lettersand Visits Reporting to encourage employee supervision, ensuree?cient issue handling, and protect whistleblower rights. A dedicatedpost has been established to manage various types of reports, ensuringthey are processed, approved, and addressed following properprocedures. Confidentiality measures are strictly enforced to protectthe identity of whistleblowers and the content of their reports. Anyform of retaliation against whistleblowers is strictly prohibited. In 2024,the Company accepted and resolved 13 petition reports, ensuringcompliance with corporate discipline and safeguarding employees'rights and interests.

Anti-monopoly and Anti-unfair Competition

Anti-money Laundering

Whistleblower Protection

During the reporting period,

the Company received

nocomplaints or reportsregarding unfair competition

During the reporting period,

the Company accepted andresolved

petition reports

During the reporting period, the Company received no complaintsor reports regarding unfair competition. A total of 90 cases of unfaircompetition disputes were handled, including cases involving theinfringement of Luzhou Laojiao’s intellectual property. Notable casesincluded the “The Shaanxi Baishui Dukang Distillery Co., Ltd. caseinvolving trademark infringement and unfair competition”, “The Zhu Yucase related to trademark infringement and unfair competition”, and“The Luzhou Shikefu Daqu Distillery Co., Ltd. case involving trademarkinfringement and unfair competition.” These cases were recognized astop-ten typical intellectual property cases in Sichuan Province, GansuProvince, and Wuxi City.

Letter and visit reporting mechanism

Scopeof Letterand VisitReporting

Ways of

PetitionReporting

Protectionand Reward

●Embezzlement, misappropriation or deliberate damage to the Company's assets;

●Causing signicant losses to the Company due to dereliction of duty or abuse of powers;

●Soliciting or accepting bribes or kickbacks in any form;

●Malicious disclosure of the Company's core secrets for personal gain;

●Damaging the Company's interests through fraudulent reporting, impersonation, jobbery, orinternal-external collusion;

●Other actions that violate Company regulations and harm the rights and interests of the Companyand its employees.

●Report hotline: 0830-2398612;

E-mail: jiwei@lzlj.com;

Address for letter or on-site reporting: Discipline Inspection Commission O?ce, Luzhou LaojiaoCommand Center, Nanguang Road, Longmatan District, Luzhou City, Sichuan Province;

Online reporting: "Supervision and Reporting" section on the WeChat o?cial account "IntegrityLuzhou Laojiao."

●The legitimate rights and interests of whistleblowers are protected by law. The DisciplineInspection Commission Office ensures the confidentiality of the whistleblower’s personalinformation and report details and provides necessary protective measures to guarantee theirsafety;

●If the reported matters are veried to be true, resulting in disciplinary action or legal penaltiesfor wrongdoers and successful recovery or reduction of economic losses for the Company, thewhistleblower will be rewarded accordingly to commend their contribution to the Company’scompliance operations.3132

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Information Security and Privacy Protection

Information security management structure and responsibilities

Overseeing the implementationof network and informationsecurity policies, formulatingstrategic plans, reviewingsystems, coordinating theresolution of major issues, andproviding overall guidance forsecurity initiatives.

Implementing securityresolutions, strategies, andmanagement systems,supervising assessments,organizing evaluations,coordinating major events,strengthening internal andexternal cooperation, andpromoting security awarenessacross the organization.To further strengthen and standardize data management and improve data quality, the Company has implemented a top-downthree-tier management structure with the Data Management Committee as the core, ensuring the unity and standardization ofdata.

Network and InformationSecurity Committee

Network and InformationSecurity O?ce

Data management committee structure and responsibilities

Approving data management strategies, objectives, plans, policies,and annual plans, approving changes to mechanisms, and supervising,coordinating, and resolving major data management issuesDeveloping and executing data management strategies and plans,improving systems and standards, and leading e?orts to enhance cross-domain data capabilities.Standardizing the generation, management, and use of business data,enhancing data quality, monitoring and addressing data security andquality issues, supporting data management initiatives, and ensuring thee?ective implementation of data security practices.Focusing on safety management, security technology, and secure operation, the Company has developed a securitymanagement plan and implemented a series of security measures to ensure the smooth execution of the digital transformationduring the 14th Five-Year Plan period.

Data Management

Committee

Data ManagementO?ce

Business ExecutionDepartmentsand SystemMaintenanceDepartments

Decision-making

Level

Management

Level

ExecutionLevel

Safety management and control blueprint

Regulatory compliancemanagement

●Security organizationestablishment

●Security protection construction

●Security policy standardization

●Security process control

●Security awareness training

●Project security management

●Third-party partner management

●Zone partitioning and layered defense

●Identity authentication and accesscontrol

●Intrusion prevention and virus protection

●Host hardening and disaster recovery

●Security monitoring and log auditing

Data security and personal informationprotection

Mobile application security DLP

Terminal data security DLP

Industrial control security protection

Zero trust architecture

Security posture awareness

Information asset management

Security penetration testing

Vulnerability closed-loopmanagement

Attack and defense drills

Emergency response

Critical support

To ensure business continuity and enhance emergency response capabilities, the Company actively participated in attack anddefense drills. In 2024, the Company was awarded "Outstanding Defensive Unit" in the Luzhou-Yongchuan-Jiangjin "Luyouqi"Cup Cybersecurity Drill organized by the Luzhou Cyberspace A?airs Administration and Public Security Bureau.

SecurityManagement

SecurityTechnology

SecurityOperation

Luzhou Laojiao strictly adheres to laws and regulations such as theCybersecurity Law of the People’s Republic of China, the Data SecurityLaw of the People’s Republic of China, and the Personal InformationProtection Law of the People’s Republic of China. The Company hasdeveloped various internal management systems, including the Networkand Information Security Management System (Trial), the Internet AccessBehavior Management Specication, the Detailed Rules for the Use andManagement of IT Terminal Equipment, the Domain Name ManagementRegulations, the Computer Room Management Rules, the AdministrativeMeasures for System Data Backup, and the Detailed Rules for HandlingInformation Security Vulnerabilities. These procedures are designed tomitigate operational risks, prevent security incidents, and ensure the safeand stable operation of the Company’s networks and information systems.The Company has established a Network and Information SecurityCommittee with a dedicated office to enhance information protection. In2024, the Company also formed a Data Management Committee at thecorporate level, chaired by the General Manager, with business arealeaders as deputy directors and the Chief Digital Officer as Secretary-General. This committee ensures comprehensive coordination andguidance of data management e?orts.

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总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Network security attack and defense drill

Luzhou Laojiao participated in the "2024Sichuan-Chongqing-Yunnan-Guizhou-Guangxi Network Security Attack andDefense Drill". As one of the defense teams,it competed alongside 440 defense units and33 attack teams under the organization of theO?ce of the Cyberspace A?airs Commissionof the CPC Sichuan Provincial Committee,and the corresponding authorities fromChongqing, Yunnan, Guizhou, and Guangxi.During the drill, Luzhou Laojiao successfullycompleted its defense task through measuressuch as surface convergence, enhancedsecurity checks, and continuous 24/7monitoring. This drill e?ectively improved theCompany's emergency protection capabilitiesand strengthened its security strategy.

CaseLuzhou Laojiao participated in the "2024 Sichuan-Chongqing-Yunnan-Guizhou-GuangxiNetwork Security Attack and Defense Drill"

The Company regularly engages qualied third-party institutions to conduct audit certications and security assessments. Duringthe reporting period, the Company’s portal website, enterprise mailbox, and paperless o?ce system obtained Level II certicatesfor national information system security protection.To enhance employee awareness of network security and information protection, the Company conducted six cybersecuritytraining sessions and promoted online to 1,523 employees to participate in online "Information Security" awareness training. Ofthese, 1,469 employees successfully completed the training assessment.

During the reporting period,

the Company conducted

cybersecurity trainingsessions

and promoted online to

1,523

employees toparticipate in online "InformationSecurity" awareness training

1,469

employeessuccessfully completed thetraining assessment

The Company enforces strict regulations on internal data usage andprocessing while prioritizing customer privacy protection. The LuzhouLaojiao App's mini-program clearly outlines privacy protection terms,requiring customers to read and acknowledge them before anyinformation is collected. Data collection only occurs after customersprovide informed consent. During the reporting period, no privacybreaches occurred.

Cybersecurity publicity week

The Company is committed to building a secure network environment, safeguarding information assets, ensuring stable businessoperations, and collectively maintaining national network security. Luzhou Laojiao held a Cybersecurity Publicity Week fromSeptember 9 to September 15, 2024, aimed at enhancing the cybersecurity awareness and skills of all employees through internaltraining and practical drills. During the event, the Company focused on promoting network security laws, regulations, and protectiveknowledge, while strengthening employees' ability to identify and respond to cybersecurity risks.

CaseLuzhou Laojiao launched cybersecurity publicity week

During the reporting period,

no

privacy breaches occurred

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总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Digital and Intelligent Luzhou LaojiaoLuzhou Laojiao is driving the digital and intelligent transformation of traditional industries through technological innovation. Aspart of its 14th Five-Year Plan, the Company outlined the strategic vision of building a "Digital and Intelligent Luzhou Laojiao."This strategy integrates key business systems using digital technologies, connecting value chains across management,procurement, production, quality inspection, marketing, and service. Concurrently, the Company has accelerated the integrationof intelligent equipment and systems across its entire industry chain to reduce costs and enhance efficiency. Its goal is tobecome a leader in intelligent technology and a model for industrial innovation and upgrading. By the end of 2024, LuzhouLaojiao had essentially completed the comprehensive digitalization of its business and is progressing toward full intelligence.In 2024, Luzhou Laojiao was successfully selected as one of the Pacemakers in China's Industrial Data Governance due toits solid e?orts and excellent performance in industrial data ecosystem development and business digital transformation. TheCompany was also included in the "Intelligent Manufacturing Benchmark Enterprises (9th Batch)" list issued by the ChinaElectronics Standardization Institute under the Ministry of Industry and Information Technology, becoming the rst national-levelintelligent manufacturing benchmark enterprise in the baijiu industry.

Luzhou Laojiao has established a comprehensive digital support system, which includes the establishment of a DigitalTransformation Steering Committee and a Network and Information Security Committee, both chaired by the Chairman andGeneral Manager. A Digital Transformation Executive O?ce has also been set up, comprising business area leaders and ITdepartment heads, ensuring the e?cient promotion of the transformation process.To achieve the strategic goal of "Building a Digital and Intelligent Luzhou Laojiao", the Digital Transformation SteeringCommittee has developed a top-level planning scheme for the 14th Five-Year Plan period. This plan outlines the Company’sdigital transformation blueprint, denes its enterprise-level digital architecture, and establishes a construction guarantee system.It also clearly denes the implementation path for the digital transformation process.

Digital Transformation

Digital transformation business blueprint under the 14th Five-Year Plan

Denes the core strategy of "assigning valuewith data and advancing four modernizationssimultaneously," aiming to optimize businessoperations and enhance managementdecisions through digital technology

Establishes mechanisms for digitaloperations, data application and governance,and IT governance to ensure the e?cientexecution of digital construction initiatives

Outlines a detailed implementation strategyand roadmap to translate planning intoactionable projects and tasks, ensuring the

smooth execution of digital transformationduring the 14th Five-Year Plan period

Conducts comprehensive planning acrossbusiness, data, application, and technologydomains, providing a solid architecturalfoundation for the Company’s digital

transformation

Digital Transformation Business Blueprint Planning

Guarantee System for Digital ConstructionDigital Transformation Path

Enterprise Digital Architecture Planning

Enterprise Digital Architecture Planning

Luzhou Laojiao is advancing its digital transformation by optimizing business architecture, enhancing the innovation capacityof its application architecture, and building a robust data architecture to support precision marketing and intelligent production.These efforts improve product quality and production efficiency while strengthening consumer engagement and deepeningrecognition of the Luzhou Laojiao brand culture.

BusinessArchitecture

ApplicationArchitecture

DataArchitecture

TechnicalArchitecture

Luzhou Laojiao has established an internal "Digital Construction Guarantee System Architecture", reflecting the Company'scommitment and strategic direction toward digital transformation. The system is structured into three core segments, namely the"Center of Excellence", "Information Sharing Services", and "ITBP

". These components form a collaborative and well-structureddigital operational system that accelerates the implementation of Luzhou Laojiao's digital transformation initiatives.

Enterprise Digital Architecture Planning

Digital Construction Guarantee System Architecture

ITBP (IT Business Partner) refers to a team within the IT department that works closely with business departments as strategic partners. They focuson exploring and implementing ways to leverage technology for business empowerment. ITBP collaborates deeply with business teams, thoroughlyunderstanding their needs, and transforming those needs into practical and feasible IT solutions. Their role is to act as a "technology bridge, drivingbusiness forward."

Digital Development Center

Center of ExcellenceInformation Sharing ServiceITBP

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总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Luzhou Laojiao has made signicant strides in digital and intelligent technologies. Key initiatives include the construction of asmart distillery, the application of big data analytics, the implementation of digital nancial shared services, and the developmentof an intelligent packaging center. These e?orts have enhanced production e?ciency, strengthened market competitiveness,and fostered innovation, achieving a harmonious balance between traditional craftsmanship and digital-intelligence-drivenprocesses.

Achievements in Digital Intelligence

Smart park platform

Intelligent computing center

Luzhou Laojiao has reconstructed over 3,000 mu (approximately 200 hectares) of its park into digital space, integrating 14 businesssystems and completing over 60,000 equipment governance projects using digital twin technology. The park prioritizes security bybuilding a dual prevention system to accurately detect intrusions. In terms of personnel management, the Company has establisheda unied face recognition database for precise authority management. The management of production vehicles is centralized, withfull-process online circulation to improve logistics e?ciency. Fire management integrates more than 30,000 sensors, enabling remotevideo review and linkage. AI technology is deployed to cover key areas and automatically identify hidden risks. The digital operationsystem creates a situational awareness view and an AR-based safety and environmental diagram to visually display securityinformation. The executive-level workbench ensures smooth communication and rapid response to commands.

Luzhou Laojiao is committed to technological innovation.It has established an Intelligent Computing Center, whichsignificantly improves heat dissipation efficiency andreduces energy consumption through row-level precisionair conditioning and cold aisle containment technologies.The center adopts virtualization and containerizationarchitecture to exibly adapt to multi-scenario computingneeds, meeting the requirements of the entire processfrom model training to application reasoning. TheIntelligent Computing Center provides Luzhou Laojiaowith comprehensive computing power services—highdensity, high performance, and high stability—supportingdiversied intelligent scenarios.

CaseSmart park platform construction

CaseIntelligent computing center construction

Intelligent packaging center Intelligent packaging workshop

Luzhou Laojiao has built the rst smart distillation base in the industry. It inherits 700 years of intangible cultural heritage distillationtechniques and combines modern industrial bionic distillation processes with "intelligent and interconnected" technologies. TheHuangyi Distilling Ecological Park is currently the largest technological transformation project in the baijiu industry, characterized bylow consumption, high e?ciency, and circular development. It has won several prestigious awards, including the China ConstructionEngineering Luban Prize (National Quality Project), CIIF Green Energy Saving Award, and China Installation Engineering QualityAward (China Installation Star) issued by China Installation Association, and the Tianfu Cup Gold Medal. The park has secured 41invention patents and 29 utility model patents, with one scientic achievement reaching internationally advanced standards. This projecthas effectively driven the transformation and upgrading of the traditional distillation industry and promoted the efficient and greendevelopment of the baijiu industry.Luzhou Laojiao Huangyi Distilling Ecological Park is also the largest green and low-carbon distilling ecological park in the industry, withthe highest scale of solid liquor distillation, the largest production capacity of distiller's yeast, and the highest degree of automationand intelligence. Luzhou Laojiao has successfully developed the industry-leading automatic baijiu distillation equipment, realizing fullyautomated operation across the entire liquor production process. This has increased labor e?ciency by about 75%, improved liquor yieldby 5%-10%, increased the rate of high-quality products by 10%, reduced water consumption per tonne of liquor by 50%, and loweredthe comprehensive energy consumption per tonne of liquor by 35%. The digital and intelligent level of baijiu distillation production hasreached internationally leading standards, and it was awarded the "Demonstration Case of Intelligent Manufacturing in China's LightIndustry."

In 2024, the Luzhou Laojiao Intelligent Packaging Center was completed and put into operation, achieving the "ve industry-leadingachievements"—fastest lling speed, most rigorous quality inspection, highest level of intelligence, most advanced digitization, andthe greatest number of independent technological innovations—leading the Chinese baijiu industry into a new era of digitization andintelligence.The Luzhou Laojiao Intelligent Packaging Center Project covers a planned land area of 304 mu (approximately 202.6 acres) with atotal construction area of 181,300 square meters. It includes an intelligent packaging material center, an intelligent packaging center,an intelligent logistics center, and a supply chain dispatching center. Currently, the center has 5 high-speed automated lling productionlines, 20,000 storage spaces for packaging materials, and 120,000 storage spaces for nished products. It boasts an annual packagingcapacity of 100,000 tonnes and a storage capacity of over 5 million bottles of nished baijiu. The level of digitization and intelligence atthe center is unparalleled in the industry.The project utilizes new-generation intelligent manufacturing technologies, such as AI intelligence, digital twinning, edge computing,and the Industrial Internet of Things (IIoT), integrating six major information systems, including production control, procurementmanagement, and logistics management. The ve lling lines achieve an average production speed of 15,000 bottles per hour, doublingproduction efficiency. Automation, informatization, digitization, and intelligence levels have reached the highest industry standards,greatly enhancing Luzhou Laojiao's supply chain digitization.

CaseIntelligent distillation-Huangyi distilling ecological park

CaseThe rst "Lighthouse Factory" standard smart packaging center of Luzhou Laojiao hasstarted trial production

By implementing the intelligent packagingcenter featuring "intelligent equipment,standardized management, first-classquality, and digital operation," togetherwith the Huangyi Brewing Ecological Park,which was established in 2019 with afocus on "inheriting ancient methods, puregrain distillation, innovation grounded inintegrity, and driven by digital intelligence,"Luzhou Laojiao has built an intensive anddigitally intelligent production system,o?ering a comprehensive solution to leadChina's baijiu industry into the digitalintelligence era.3940

总经理致辞LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTOperate with Integrity and Uphold Shared Responsibility

Produce Greenly in Harmonywith the Environment

Luzhou Laojiao attaches great importance to environmental protection, and actively responds to the national"dual carbon" strategy. The Company implements measures to reduce pollution and carbon emissions,collaborates in resource and energy management, enhances adaptability to climate change, and promotes thedevelopment of a circular economy.

Responding to Climate ChangeManagement of Three Wastes and NoiseEnergy ManagementWater Resources ManagementSustainable Agriculture

Packaging Material Management

Green Operation

Responding to Climate Change

Following the guidelines of the International Sustainability Standards Board (ISSB) and regulatory frameworks, Luzhou Laojiaohas developed a climate change management strategy based on four key pillars: governance, strategy, risk management,and key indicators. We systematically promote the development of a greenhouse gas management system, including carboninventories, and conducts in-depth research and innovation on climate change response strategies. Additionally, through acoordinated industry chain mechanism, the Company works with partners to explore low-carbon development pathways for theindustry. We are committed to actively addressing climate change challenges and contributing to the creation of a harmoniouscoexistence between humanity and nature.

Luzhou Laojiao has established a three-tier environmental management framework, with the Ecological Environment ProtectionCommittee serving as the decision-making body. Climate change-related supervision, management, and implementationresponsibilities have been integrated into this framework, with the Chairman holding the highest leadership responsibility forclimate-related matters.

Governance

Luzhou Laojiao climate change management organization

Strategy Planning: Formulate the overall climate change strategy for the Company to align with long-term development goalsPolicy Formulation: Develop and approve the climate change management policy to ensure compliance with relevant laws,regulations, and international standardsSupervision and Evaluation: Oversee the implementation of climate change management measures, regularly assess their

e?ectiveness, and make adjustments as neededRisk Management: Identify and evaluate potential risks associated with climate change and formulate corresponding riskmanagement strategies

Implementation and Coordination: Responsible for executing the climate change management policies and strategiesformulated by the Ecological Environment Protection Committee

Objective Setting: Develop specic climate change management goals and action plans in line with the Company's strategyCross-departmental Collaboration: Facilitate cooperation across departments to ensure comprehensive implementation of

climate change management measures within the CompanyData Management: Responsible for collecting, sorting, and analyzing climate change-related data and providing decision-making support to the governance layerTraining and Awareness: Organize employee training to enhance awareness of climate change and improve the ability to

respond to such challenges

Implementation Planning: Carry out specific action plans and ensure that various measures are implemented in daily

operations

Daily Monitoring: Monitor the implementation of climate change management measures to detect and resolve issues in atimely mannerData Collection: Gather and organize climate change-related data to ensure its accuracy and completenessReporting and Feedback: Regularly report the progress of climate change management to the Ecological EnvironmentProtection Center and provide feedback and suggestions

Ecological Environment Protection Committee

O?ce of the Ecological Environment Protection Committee

(Ecological Environment Protection Center)

Committee Member Units(Departments (Units) of the Company)

Luzhou Laojiao considers climate change a critical part of its corporate strategy. The Company has established the EcologicalEnvironment Protection Management System and the Carbon Emissions Management System, along with an annual actionplan to achieve peak carbon emissions. It has also launched various climate-related initiatives, including the development ofcarbon emission management systems, the creation of carbon inventories, the calculation of product carbon footprints, and theimplementation of green and low-carbon measures.

Strategy

Luzhou Laojiao's strategy to address climate change

Action planfor carbon

dioxidepeaking

GHGinventoryverication

Productcarbonfootprintaccounting

Specializedcarbonemissionmanagementtraining

Carbonemissionmanagement

system

The Company has established a three-tier organizational structure to managecarbon emissions. It has developed management systems, manuals, and proceduralguidelines to strengthen the top-level framework for controlling carbon emissions.

The Company has thoroughly assessed its foundation for green and low-carbondevelopment, covering areas like management systems, infrastructure, greensupply chains, resource use, energy structure adjustments, and digital innovation.By exploring advanced technologies relevant to the sustainable development ofthe baijiu industry and analyzing the benefits and economic impact of emissionreduction, the Company has outlined clear pathways for carbon peaking anddeveloped actionable plans.

In accordance with the international standard ISO 14064, the Company completed averied inventory of its annual Scope 1, Scope 2, and Scope 3 GHG emissions.

Aligned with the international standard ISO 14067, the Company conducted fulllife cycle carbon footprint assessments for fourteen products. These assessmentsidentified carbon emissions at each stage of the product lifecycle, resulting infourteen Product Carbon Footprint Assessment Reports.

The Company conducted specialized training sessions on carbon emissionmanagement, including the 2024 Essential Training on Ecological and EnvironmentalProtection. Employees were organized to study materials such as the EcologicalCivilization Story Series Short Videos and Understanding the Carbon InclusionMechanism and Practicing a Low-carbon Lifestyle. The Company also promotedthe Ecological, Environmental Protection, Green and Low-carbon Work Report todeepen employees’ understanding of green and low-carbon principles, therebyadvancing the Company’s green and high-quality development.4344

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Climate risk identication and mitigation of Luzhou Laojiao

Luzhou Laojiao identies climate change risks and has built a structured mechanism for climate risk management. We conductthorough risk assessments using climate scenario analysis models, aligning them with our strategic plans and businessoperations to identify physical risks, transition risks, and climate-related opportunities. To strengthen our approach, we haveimproved monitoring systems to track both short-term shocks and long-term climate impacts. This provides a solid scienticfoundation for informed decision-making and e?ective mitigation strategies.

Risk Management

Risk TypeRisk DescriptionMitigation Strategies

Physical risks

Acute risk(Extremeweather eventssuch as oods,hurricanes and

heatwaves)

●Damaging distillation facilities,warehouses, and supply chaininfrastructure may lead to productiondisruptions and revenue loss

●Impacting raw material supply, suchas ooding of industry parks orreduced grain yields due to extremeheat

●Disruptions in logistics andtransportation may delay productdelivery to the market

●Power outages caused by extremeheat may lead to operationalshutdowns and impact employeehealth, equipment performance, andworkplace safety

●Facility reinforcement: Enhancing the disaster resilience of key infrastructuresuch as distilleries and warehouses by implementing ood barriers, wind-resistant structures, and other protective measures

Diversication of supply chain: Establishing multiple raw material supplychannels to mitigate risks

●Emergency preparedness: Developing comprehensive contingency plans,including post-disaster recovery and business continuity strategies

●Insurance coverage: Securing su?cient property and business interruptioninsurance to mitigate nancial losses

●Employee protection: Implementing cooling measures and regulate workinghours for employees exposed to high temperatures, while providingnecessary protective equipment

Chronicrisk (Rise intemperature, risein sea level, etc.)

●Rising temperatures may alterthe growth cycle and quality ofkey distillation raw materials (e.g.,sorghum, wheat), and rising sealevels can lead to soil salinization,impacting the quality of raw materialsfor distillation, and subsequentlya?ecting the avor prole of products

●Rising temperatures will increasecooling requirements in the distillationprocess, leading to higher energycosts

●Changes in storage conditionsmay increase the risk of productdeterioration, a?ecting productivityand revenue

●Varietal improvement: Developing climate-adaptive distillation raw materialvarieties, including high-temperature, drought-resistant, and salt-tolerantsorghum and wheat varieties, to improve resilience and ensure stableproduction under changing climatic conditions.

●Technical optimization: Establishing climate-smart predictive models toadjust sowing times and planting areas in real-time, enhancing raw materialquality through precise nitrogen fertilizer application and pest and diseasemanagement.

●Process optimization: Optimizing equipment and technology to adapt to theimpacts of climate change, while ensuring the process requirements are metand maintaining stable production.

●Energy-e?cient cooling: Optimizing operational methods and ne-tuningmanagement to reduce energy consumption in the cooling water circulationsystem.

●Intelligent warehousing: Developing intelligent storage facilities with precisetemperature and humidity control to ensure optimal storage conditions for rawmaterials.

Transition risks

Policy and legalrisk

●Raising the cost of emissionsreduction for enterprises due tostricter government carbon emissionpolicies

●Increasing regulatory requirementsfor high-energy-consuming and high-emission-intensive processes suchas distillation in baijiu production

●Clean production: Implementing energy-e?cient distillation technologies,waste heat recovery systems, and expand the use of renewable energy tolower energy consumption and carbon emissions

●Carbon footprint management: Establishing a product carbon footprintaccounting system and explore pathways to carbon neutrality

●Policy monitoring: Tracking regulatory developments closely, formulatecarbon peaking action plans, and proactively implement emissions reductionstrategiesTechnologicalrisk

●Making it di?cult to meet emissionsreduction targets due to the lack ofmature clean production technologies

●Hindering precise process control,e?ciency optimization, andemissions reduction due to low levelsof digitization

●Technology R&D: Increasing investment in cleaner distillation technologiesand collaborate with research institutions to drive innovation

●Digital factory development: Advancing intelligent manufacturing by upgradingproduction equipment and building digital distilleries

Technology tracking: Staying informed about emerging technologies andassess their impact on the industry

Market risk

●Prioritizing environmental protectionand sustainability by consumers,favoring greener products

●Green marketing: Promoting eco-friendly production practices andstrengthening the Company’s green brand imageReputation risk

●Failing to meet stakeholderexpectations regarding climate actioncould negatively impact corporatereputation

Strengthening communication: Increasing engagement with stakeholders and

enhance transparency in green initiatives

●Information disclosure: Proactively communicating the Company’s

sustainability strategies, energy conservation e?orts, and achievements inlow-carbon development

Climate change opportunity identication and response of Luzhou Laojiao

Greenhouse gas emission (scope 1&2) data of Luzhou Laojiao in 2024

Carbon emission data of Scope 3 of Luzhou Laojiao in 2024

Opportunity TypeOpportunity DescriptionCountermeasureResource e?ciency

improvement

Developing a circular economy to maximizeresource e?ciency and repurpose waste

Technological collaboration: Partnering with research institutions to

develop waste recycling and utilization technologies

●Industry chain expansion: Working with upstream and downstreamenterprises to build a circular economy supply chain

R&D and innovation forlow-carbon products

●Aligning with the consumer trend of "drinkingless but drinking better" by developing low-alcohol, low-sugar, and functional ingredient-enriched alcoholic beverages to enhancemarket competitiveness

●R&D innovation: Increasing investment in the development of low-alcohol and health-focused liquor products, creating new o?eringsthat cater to consumer demand

●Technology upgrades: Utilizing bioengineering and enzymeengineering to improve product quality and enhance health benets

CategoryUnitData of 2024Direct GHG emissions (Scope 1)tCO

e126,172Indirect GHG emissions (Scope 2)tCO

e24,829Total GHG emissions (Scope 1 & 2)tCO

e151,001GHG emission intensity (Scope 1 & 2)tCO

e/million gross industrial output value4.15

In alignment with the Action Plan for Carbon Dioxide Peaking Before 2030 issued by the Chinese government and thecompany's Action Plan for Carbon Dioxide Peaking, Luzhou Laojiao will continue conducting carbon footprint assessments andset phased targets for emissions reduction.

Indicators and Targets

Upstream transportation and distribution of goodsDownstream transportation and distribution of goodsBusiness travelEmployee commutingProduct end-of-life phase

56.39%

2.00%

34.91%

4.33%

2.37%

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Note: Functional unit is 1 bottle (500 mL); System boundary follows "cradle-to-grave" approach with percentages representingeach stage's contribution to total carbon footprint.

Raw material productionand acquisition stage

71.23%14.10%2.05%12.62%

Productdistribution stageProductmanufacturing stage

Product wastetreatment stage

The Company has implemented various carbon reduction initiatives,including product carbon footprint (PCF) accounting and broaderdecarbonization efforts. Using the Life Cycle Assessment (LCA)methodology and ISO 14067:2018 Greenhouse Gases — CarbonFootprint of Products — Requirements and Guidelines for Quantication,we systematically measure emissions throughout the entire productlifecycle—from raw material extraction and manufacturing totransportation, usage, and disposal. Concurrently, the Companycollaborates with upstream and downstream supply chain partners tooptimize procurement, improve energy efficiency, and adopt renewableenergy solutions, reducing carbon intensity across the value chain. Asof the reporting period, PCF assessments have been completed for 14products.

As of the reporting period,

PCF assessments have beencompleted for

products

Carbon footprint of 52°National Cellar 1573 (2010 Edition)

Production and Manufacturing

The Company has implemented energy-saving and carbon reduction measures across key production processes, includingspreading, bran steaming, and distillation. By adopting advanced equipment and upgrading production techniques, it hassignicantly reduced carbon emissions during manufacturing.

Carbon reduction practices of Luzhou Laojiao

●Implemented waste heat recovery during the bran steaming process, saving 1.24 million cubicmeters of natural gas and reducing over 2,700 tonnes of carbon dioxide emissions annually;

Upgraded the biogas desulfurization process at the distilling wastewater treatment facility inLuohan Distilling Ecological Park, increasing biogas supply by 144% compared to previousyears;

●Recovered and utilized biogas, achieving an annual recovery of 3,599,200 cubic meters.

●Optimized the Huangyi rice husk spreading and drying process, saving 46,464 kWh of electricityannually, reducing energy consumption by 50%, and cutting 26 tonnes of carbon dioxideemissions;

●Enhanced energy e?ciency in sorghum cleaning and impurity removal equipment at HuangyiPhase I project, reducing power consumption by 4.06 kWh/tonne, saving 35,100 kWh ofelectricity annually, and lowering carbon dioxide emissions by 20 tonnes;

●Operated a cogeneration system, generating 23.84 million kWh of electricity in 2024, saving 4,200tonnes of standard coal.

By accounting carbon emissions at both organizational and product levels, Luzhou Laojiao establishes carbon reductionpathways from a life cycle perspective, systematically reducing emissions across all processes to drive green, low-carbon, high-quality development.

Carbon Reduction Initiative

In 2024,

the Company purchased

5,944

MWh of greenelectricity

recovered

3,599,200

cubic meters of biogas

achieving a total carbondioxide emissions reduction of58,808

tonnes

To enhance energy e?ciency, targeted measures were implemented across production, logistics, and retail operations. Theseincluded waste heat recovery, process optimization, adoption of renewable energy, and biogas recycling. In 2024, the Companypurchased 5,944 MWh of green electricity and recovered 3,599,200 cubic meters of biogas, achieving a total carbon dioxideemissions reduction of 58,808 tonnes.

Product Carbon Footprint

4748

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Logistics and Transportation

Distribution Center and Store Operations

The Company is committed to low-carbon transportation, systematically optimizing logistics routes, modernizingtransportation fleets, and ensuring efficient and eco-friendly freight operations.

The Company has integrated green technologies into its distribution centers and retail stores, launching innovativeenvironmental projects to enhance operational e?ciency and reduce carbon footprints.

To eliminate outdated non-road mobile machinery, the Company initiated a diesel forklift replacement project in Luohan DistillingEcological Park, improving the environmental performance of its eet.In 2024, seven diesel forklifts were upgraded, saving 3.64 tonnes of standard coal annually and significantly reducing totalpollutant emissions.

In September 2024, the Company launched a green autonomous vehicle leasing and logistics operation project. This initiativeoptimized product distribution within the liquor industry park, establishing a fully autonomous logistics system from packagingmaterial supply to the lling production line. The project features a fully digitized logistics management system, which automatestask reception, dispatches autonomous vehicles for transport, and coordinates packaging material unloading at the lling line.This signicantly enhances logistics e?ciency while dramatically reducing carbon emissions at distribution centers.

Case

Case

Diesel forklift replacement project in Luohan Distilling Ecological Park

Autonomous vehicle delivery service project

The Concept, Principle and Policy of environmental protection management at Luzhou Laojiao

Green OperationAs a global leader in the baijiu industry, Luzhou Laojiao has consistently adhered to the principles of " legal compliance, cleanerproduction, energy e?ciency, and continuous improvement." The Company has built and rened its environmental managementsystem, strengthened resource and energy management, and actively promoted waste reduction, recycling, and safe disposal.By integrating business operations with environmental protection, Luzhou Laojiao is driving the low-carbon transformation of thefood and beverage industry.

Luzhou Laojiao regards environmental management as a strategic priority, continuously improving its governance structureand risk prevention mechanisms in line with its environmental philosophy and policies. Through initiatives focused on cleanproduction, energy conservation, emission reduction, and pollution control, the Company has established a strong foundation forsustainable development. In 2024, the Company did not experience any violations of environmental laws or regulations.

Environmental Management Philosophy

Happy life originates fromgreen production

Compliance with lawsand regulations, cleanerproduction, energysaving and consumptionreduction, and continuousimprovement

Protection rst, preventionforemost, comprehensivetreatment, fullparticipation, and liabilityfor damage

During the reporting period,

the Company invested atotal of RMB

58.01

million inenvironmental management

Including RMB

34.20

million in energy-savingand consumption-reducing initiatives

and RMB

23.81

million in otherenvironmental protectionmeasures

ConceptPrinciplePolicy

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Environmental governance is led by the EcologicalEnvironment Protection Committee, the highest decision-making body for environmental responsibility, chaired bythe Chairman of the Board. Under this committee, theO?ce of the Ecological Environment Protection Committee(Ecological Environmental Protection Center) is thededicated management unit, coordinating environmentalefforts across the Company. Every functional departmentand production unit has dedicated environmental protectionsta? to ensure full implementation of responsibilities.The Company has also established a target-orientedresponsibility system for environmental protection. TheO?ce of the Ecological Environment Protection Committeesets annual environmental objectives, signs responsibilityagreements with departments and units, and overseestheir implementation through regular supervision andassessment.

In 2024,

the Company has successfullyobtained

ISO 14001 EnvironmentalManagement System certication.

ISO 14001 certicate

Environmental Risk Prevention and Control

Luzhou Laojiao strictly complies with national and local environmental protection regulations and has established comprehensiveenvironmental risk prevention systems, including the Management System for Laws and Regulations on EcologicalEnvironmental Protection and Evaluation of Environmental Factors, the Information Reporting and Emergency ManagementSystem for Environmental Emergencies, and the Management System for Investigation and Control of Potential EnvironmentalHazards. The Company has also developed an environmental monitoring and evaluation system covering its entire industrychain, continuously improving emergency response plans and enhancing its capacity to manage environmental risks e?ectively.

Environmentalrisk monitoringmechanism

Environmentalrisk assessment

mechanism

Environmental

emergency plan

and drill

Comprehensive environmental emergency drill

On November 27, 2024, Luzhou Laojiao organized a comprehensive emergency drill for environmental incidents (response tosevere pollution weather) at the Information Center of the Huangji Distilling Ecological Park. The drill followed a yellow warningfor severe pollution weather by Luzhou Municipal Government, the Company has activated its emergency emission reductionimplementation plan.The drill provided a thorough evaluation of the Company’s emergency response capabilities for severe pollution weather frommultiple angles, including information reporting, organizational command, communication and coordination, on-site control, andemergency management. The drill achieved its objectives of testing the emergency plan, enhancing preparedness, trainingteams, optimizing operational mechanisms, and raising public awareness. It signicantly strengthened the Company’s ability torespond to and manage emergencies through collaborative defense, control, and treatment, thus laying a strong foundation forreinforcing ecological environmental safeguards and supporting the Company’s green and high-quality development.

Case"Promoting Prevention through Drills, Strengthening Protection through Training"comprehensive environmental emergency drill

●Established a dual-prevention system, integrating risk classication control with hazard identicationand mitigation;

●Implemented a three-tier hazard detection approach combining comprehensive inspections,specialized inspections, and routine inspections to ensure continuous risk identification andmanagement e?ciency improvement;

●Conducted real-time pollutant discharge monitoring through automated, third-party, and internalmanual monitoring systems, ensuring a continuous and stable 100% compliance rate for allemissions.

●Developed the Compliance Identication and Evaluation List for Ecological Environmental Protectionto guide in conducting compliance assessments. Regular on-site inspections and evaluation reportsensure adherence to environmental regulations;

●Based on assessment results, develop improvement measures to enhance localized environmentalmanagement, optimize the Company's environmental management system, and ensure ongoingcompliance with national and local laws.

●Conducted environmental emergency risk assessments to determine risk levels;

●Prepared and filed environmental risk assessment reports and emergency resource investigationreports with regulatory authorities;

Carried out regular environmental emergency drills to enhance preparedness and responsecapabilities.

Environmental Management SystemThe Company strictly complies with the Environmental Protection Law of the People's Republic of China, the Regulationsof Sichuan Province on Environmental Protection, and other relevant laws and regulations. It has established 19 internalenvironmental management policies, including the Environmental Management Manual, the Collection of EnvironmentalProtection Management Systems, and the Environmental Protection Responsibility System and Assessment ManagementSystem, to fully implement environmental management requirements.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Environmental Protection Capacity Building

Luzhou Laojiao regards environmental protection culture as essential for sustainable development. The Company promotesenvironmental awareness through a multi-dimensional approach, regularly organizing specialized training sessions andawareness campaigns to foster a strong sense of environmental responsibility. We also exchange with upstream anddownstream partners, communities, industry associations, and other stakeholders to promote green development and raiseenvironmental standards across the industry.

In 2024,

the Company conducted

environmental training sessions

14,450

employees participated

Including

company-wide training programs

specialized sessions

Training site

In October 2024, to enhance the Company's ecological and environmental risk prevention efforts, Luzhou Laojiao providedemergency response capacity-building training for middle management and environmental protection personnel from variousdepartments and units. The training aimed to clarify the key aspects of environmental risk prevention, control, and emergencymanagement specic to the baijiu industry.The training covered three key areas: risk management theory, hazard identification and rectification, and environmentalemergency response. It provided a comprehensive review of environmental risk management and emergency handling withinthe baijiu industry, supplemented by multiple case studies from the liquor sector. Additionally, experts analyzed the Company’senvironmental risk emergency response plan, offering targeted recommendations and improvement measures to furtheroptimize the Company's environmental risk management and emergency response framework.

CaseEnvironmental risk training for baijiu enterprises and strengthening emergency response teams

Training site

World Environment Day banners and posters

To enhance environmental protection management among stakeholders, the Company tailored a systematic training programcovering ve key areas: general environmental protection requirements for stakeholders, environmental management of bulkbrewing wastewater transportation, environmental management of base liquor transportation, environmental management ofbase liquor storage, and environmental management of engineering and construction projects. The training helped participantsenhance their on-site environmental management capabilities while ensuring compliance with relevant environmental laws andregulations.This initiative further reinforced the importance of proper environmental management among stakeholders, significantlyimproving the Company’s overall environmental risk prevention and control capabilities.

For several consecutive years, we have actively organized initiativesto celebrate World Environment Day, actively promoting the conceptof green development through diverse outreach methods includingposter and banner displays, as well as continuous looping ofpromotional videos on digital screens. The Company also leveragessocial media platforms, such as WeChat official accounts andshort video platforms, to create and share environmental protectioncontent. These e?orts expand public engagement, raise awareness,and foster a culture where all employees actively participate inenvironmental protection.

CaseSpecial environmental protection training for stakeholders to strengthen environmentalprotection measures

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Golden idea of "I Contribute to Green Development"

"Combat Pollution, Honor Nature"

Employees are engaged to earn low-carbon action points through the "Luzhou Green Sprout Points" mini-program. As of theend of the reporting period, employees have collectively accumulated more than 140,000 Green Sprout Points.Employees are encouraged to propose suggestions and improvement measures for energy conservation, emission reduction,ecological brewing, pollution prevention, and environmental protection management.Employees are encouraged to explore and appreciate the beauty of the ecological environment by creating themed works suchas calligraphy, paintings, photography, and posters to document the progress of ecological civilization.

“Promoting Ecological and Environmental Culture, Building a Clean and Beautiful Luzhou Laojiao Together”

Environmental Awareness Campaign

Awarding ceremony of the competition

In July 2024, the Company launched a company-wide ecological and environmental protection knowledge competition on itsknowledge management platform. Employees participated in learning sessions covering topics such as pollution prevention,green and low-carbon development, and ecological civilization. The initiative covered all employees, with more than 2,700participants, over 600 of whom achieved excellent results, greatly enhancing engagement and enthusiasm for environmentalprotection.Additionally, the Company organized an environmentalemergency drill competition. A total of 22 teamsparticipated, producing full-process drill videos based onassigned themes. After four months of rigorous preparation,the teams competed through a "scenario preview + livecommentary" micro-lecture format. In a highly competitivecontest, the Supply Chain Management Center and thePackaging Production Department secured the rst-placeaward.

CaseEnvironment Day initiatives to foster a culture of environmental responsibility

"Clean Your Plate, Low-Carbon Travel"

Energy Conservation Knowledge Competition

In November 2024, the company organized the "Driving Innovation in Energy Conservation, Pioneering the Green Economy"Energy Knowledge Competition. Nearly 40 energy management participants from various departments took part in the event.Amidst erce competition, 6 teams and 24 individuals were honored with awards.

Case"Driving Innovation in Energy Conservation, Pioneering the Green Economy" — EnergyConservation Knowledge Competition

Luzhou Laojiao strictly adheres to national and local waste management standards, establishing a full-process pollutionprevention and control system based on "source reduction, process control, and end treatment." This system enhancesenvironmental governance and ensures compliance with regulations for wastewater, exhaust gas, solid waste, and noiseemissions.In 2024, through systematic measures such as cleaner production, resource optimization, and enhanced end-of-pipe treatment,the Company achieved signicant progress in waste reduction.

Management of Three Wastes and Noise

In 2024,

particulate matter emissionsdecreased by

45.72%

year-on-yearsulfur dioxide emissionsdecreased by

12.14%

year-on-year

smoke and dust emissionsdecreased by

39.25%

year-on-yearsuspended solids emissionsdecreased by

15.88%

year-on-year

nitrogen oxide emissionsdecreased by

29.60%

year-on-yearfive-day BOD emissionsdecreased by

24.90%

year-on-year

Luzhou Laojiao per unit of product waste reduction performance in 2024

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

The Company has formulated the Water Pollution Prevention and Control Management System, reinforcing its commitmentto environmental protection and pollution prevention. The Ecological Environment Protection Center oversees water pollutioncontrol e?orts. Wastewater treatment stations have been set up at both the Huangyi and Luohan Distilling Ecological Parks toensure compliance with discharge standards.The Company's wastewater treatment plant employs "pre-treatment + anaerobic treatment + aerobic treatment + advancedtreatment" processes, with e?uent meeting the GB 27631-2011: Discharge Standard of Water Pollutants for Fermented Alcoholand Distilled Spirits Industry. The facility is equipped with complementary biogas utilization, odor control, sludge treatment, andcentral control systemsIn 2024, the Company partnered with downstream enterprises to reuse distilling wastewater as a supplementary carbon sourcefor municipal wastewater treatment, promoting wastewater "reutilization."

In compliance with the Discharge Standard of WaterPollutants for Fermentation Alcohol and DistilledSpirits Industry (GB 27631-2011), and underregulatory guidance, Luzhou Laojiao collaboratedwith Luzhou Xinglu Water (Group) Co., Ltd. toexplore innovative wastewater discharge solutionsfor distilling and municipal wastewater.Through negotiated discharge agreements, bothparties achieve significant environmental andeconomic benefits through resource sharingand complementary advantages. This simplifiesthe Company's wastewater treatment processwhile reducing operational pressure and costs.Downstream municipal treatment plants receivehigh-concentration organic wastewater as premiumcarbon source supplementation, minimizing externalcarbon source purchases. This innovative approachrealizes resource utilization of distilling wastewater,creating a win-win scenario where downstreamplants essentially receive "strong-aroma baijiu".

CaseExploring new approaches to wastewater treatment and advancing green development

Cooperation signing ceremony

Wastewater discharge performance of Luzhou Laojiao in 2024

IndicatorUnitData of 2024Total wastewater dischargeTonne1,300,200.68

Ammonia nitrogenTonne0.94PhosphorusTonne0.58CODTonne29.90

Waste Gas

Luzhou Laojiao strictly follows national and provincial air pollution control standards, including the Emission Standard for AirPollutants for Boilers, the Emission Standard for Air Pollutants for Thermal Power Plants, and the Integrated Emission Standardof Air Pollutants. The Company has also developed an internal Air Pollution Prevention and Control Management System,overseen by the Ecological Environment Protection Center, which is responsible for monitoring and implementing air pollutioncontrol measures.Luzhou Laojiao has established a waste gas prevention system that ensures stable, e?cient operation of treatment facilities,keeping emissions consistently below national standards. The Company uses low-nitrogen combustion technology and a uegas recirculation system to reduce nitrogen oxide emissions. It has also adopted a closed spreading process to minimize fugitiveemissions and eliminate dispersed steam discharge.

Waste gas discharge performance of Luzhou Laojiao in 2024IndicatorUnitData of 2024Total waste gas emissionsCubic meter799,468,961.90Particulate matter emissionsTonne0.12Sulfur oxides emissionsTonne0.46Nitrogen oxides emissionsTonne22.82Smoke and dust emissionsTonne0.46

Wastewater

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Luzhou Laojiao strictly complies with national and provincial solid waste management regulations, including the ManagementSystem for Transfer Manifests of Hazardous Waste, the Standard for Pollution Control on Hazardous Waste Storage, theRegulations of Sichuan Province on Prevention and Control of Environmental Pollution by Solid Waste, and the Notice onEnabling Electronic Management Ledger for General Industrial Solid Waste. In alignment with these regulations, the Companyhas developed a comprehensive solid waste management framework, which includes the Standardized Management Systemfor General Solid Waste, the Standardized Management System for Hazardous Waste, and the Operation Management Systemfor Pollution Prevention and Control Facilities. This ensures a standardized approach to collecting, storing, transferring, anddisposing of solid and hazardous waste.Luzhou Laojiao has implemented a waste classication system to ensure e?cient collection, proper storage, and professionaldisposal. The Company uses a solid waste management information system to digitally track waste generation, transfer, anddisposal. Hazardous waste is managed under a strict transfer manifest system and handled by certied third-party providers toensure traceability and compliance. For general industrial waste, Luzhou Laojiao promotes recycling initiatives, such as reusingspent grain and recycling waste pit mud. In 2024, the Company's compliant disposal volume of hazardous waste reached 28.12tonnes, and comprehensive utilization volume of general solid waste reached 395,040 tonnes. The resource utilization rate forsolid waste reached 97.9%.

Waste discharge performance of Luzhou Laojiao in 2024

IndicatorUnitData of 2024Total waste dischargedTonne403,645.46

Waste discharge densityTonne/million gross industrial output value11.08

In 2024,the Company's compliant disposalvolume of hazardous waste reached

28.12

tonnes

contributing to a total solidwaste utilization of395,040

tonnes

the resource utilization ratefor solid waste reached

97.9%

The Company has made the prevention and control of noise, odors, and other pollutants a key part of its environmentalmanagement. It strictly follows national environmental standards and has established internal policies, including theManagement System for Prevention and Control of Environmental Noise Pollution, to guide pollution control e?orts. In termsof noise control, the Company fully complies with the Law on Noise Pollution Prevention and Control of the People's Republicof China. Measures include using low-noise equipment, installing shock absorbers, and enhancing equipment maintenanceand management. As a result, factory boundary noise levels are consistently below national standards. To control odors, theCompany uses sealed collection systems and biolters to minimize odor generation at the source. As of the end of the reportingperiod, the Company’s noise and odor emissions have remained 100% compliant with national standards for consecutive years.

Energy performance of Luzhou Laojiao in 2024IndicatorUnitData of 2024Non-renewable energy consumptionTonne of standard coal72,336.20

Renewable energy consumptionTonne of standard coal730.52Comprehensive energy consumption

Tonne of standard coal73,066.72Comprehensive energy consumption intensity

Tonne of standard coal/million gross

industrial output value

2.01

Total energy consumption includes gasoline, diesel, natural gas, purchased electricity, and the energy conversion factor is based on the values specied inGB/T 2589-2020 General Rules for Calculation of the Comprehensive Energy Consumption.

Luzhou Laojiao has built a comprehensive energy management framework with a systematic energy assessment mechanism.The Measures for Energy Management Assessment set clear energy e?ciency targets and consumption evaluation indicators.A quarterly review process tracks and evaluates energy use, while energy consumption targets are integrated into the distillery’ssalary and performance system, directly linking achievements to employee performance. This approach motivates activeparticipation in energy-saving initiatives and supports sustainable development.

Energy Management

In 2024, the Luzhou municipal government set a target forenergy consumption intensity, requiring a reduction of noless than 0.43% in the comprehensive energy consumptionof raw liquor per unit of product. The Company exceededthis target with a 6.44% reduction. As of 2024, the companyhas consecutively passed the GB/T 23331-2020 EnergyManagement System certication for 14 years.

In 2024,

reduction in comprehensive energyconsumption of raw liquor per unit of product

6.44%

To advance green production, the Company conducted anenergy-efficient transformation of the WSR bran steamingsystem in Huangyi Park. Through lean innovation andextensive testing, the project integrated waste heat steampurication, pressurization recovery, and smokeless emissiontechnology. By automating the entire energy recoveryprocess, the system recaptures and reuses waste steamwhile ensuring cleaner emissions. In 2024, this initiativeresulted in 14,561 tonnes of steam savings and 1,485 tonnesof standard coal savings.

CaseImplementing WSR energy-saving technology in bran steaming to advance green distillation

In 2024, this initiative resulted in

14,561

tonnes of steam savings and

1,485

tonnes of standard coal savings

Waste Management

Control of Noise and Other Pollutants

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Water saving practices in di?erent production stages of Luzhou Laojiao

Water Resources Management

Luzhou Laojiao strictly adheres to the Water Law of the People’s Republic of China and has formulated an internal EnergyManagement System that clearly defines requirements for water supply and usage. The Company has also established astructured water management framework, with the General Manager serving as the highest authority. A dedicated watermanagement department, sta?ed by professionals, ensures a top-down approach to managing responsibilities.

The Company prioritizes water conservation and has madeefficient water use a key part of its sustainable developmentstrategy. By adopting advanced water-saving technologies,implementing intelligent monitoring systems, and optimizingwater use in production, it has built a comprehensive waterrecycling system that spans the entire industry chainDuring the reporting period, the Company's water-savinginitiatives resulted in 61,100 tonnes of water savings in thewater production process, 2,367,100 tonnes through therecycling of brewing cooling water, 1,346 tonnes in brewingproduction, and 97,000 tonnes in product packaging.

Water resources use performance of Luzhou Laojiao in 2024IndicatorUnitData of 2024Reuse of reclaimed waterTonne376,775Circulating water consumptionTonne2,705,482Total freshwater intakeTonne3,151,865Total water consumptionTonne3,151,865Water consumption intensity

Tonne/million gross industrial output

value

86.54

Water resources management structure

of Luzhou Laojiao

Team Leader (General Manager)

Deputy Team Leader (Deputy General

Manager)

Members(Leaders of functional departments,production units, and water management

specialists)

In 2024,

the Company's water-savinginitiatives resulted in

61,100

tonnes of water savingsin the water production process1,346

tonnes in brewingproduction

2,367,100

tonnes through therecycling of brewing cooling water

97,000

tonnes in productpackaging

Optimization and graded utilization of water treatment systems have increased waterrecovery rate by approximately 2%, saving 27,800 tonnes annually.

●Optimized the bottom pot water usage in the bran steaming process at Huangyi, resultingin an annual water saving of at least 1,346 tonnes.

●The bottle washing machines in the Huangjie South District rst cleans the inside of thebottles, then reuses the water for cleaning the exterior. After cleaning, the wastewater isfurther reused in the spray tower. In 2024, a total of 97,000 tonnes of water was reused.

Waterproduction

Circulating

water

Production

Packaging

●Reused the water discharge from the water treatment system for road cleaning,landscaping, and equipment washing, saving 33,300 tonnes of water per year;

●The Luohan 7 Center implemented the reuse of distilling cooling water for the boilersystem, achieving reclaimed water usage, saving 31,000 tonnes of water per year;

The distilling cooling water process used a closed-loop water system, saving 2,367,100tonnes of water per year.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Greening packaging

transformation

Promoting greenpackagingEnhancingrecyclabilityOptimizing packaging

design

Management measures for packaging materials of Luzhou Laojiao

Green Packaging Strategy

Packaging materials consumption of Luzhou Laojiao in 2024

IndicatorUnitData of 2024Glass consumptionTonne13,769.41

Metal consumptionTonne4,657.25Ceramic consumptionTonne841.95Wood and paper consumptionTonne8,279.45Plastic consumptionTonne3,219.76Other packaging materialsTonne2,873.06Total packaging materials consumptionTonne33,640.88

Reducing relianceon natural resourcesthrough e?cientpackaging design andmaterial selection.

Minimizingpackaging waste andpromoting the use ofbiodegradable andrecyclable materials.

Circular utilization ofpackaging materialsand building a greenpackaging industrychain.

Raising environmentalawareness throughsustainable packagingand encourageconsumers to adoptgreen lifestyles

The Company is committed to building a green industry chain, requiring all suppliers and partners to follow its packagingmaterial management standards, invest in green packaging R&D, and support a full-process environmental protection systemcovering procurement, production, and logistics. To ensure compliance, the Company has established 11 evaluation indicatorsfor safety and environmental management and works with third-party audit institutions to assess suppliers' production processes,raw material use, and environmental risks. The ndings are compiled into the Report on Proposals for Environmental ProtectionProduction of Packaging Materials.As of the end of the reporting period, the Company obtained the ISO/TS 22002-4 Food Packaging Manufacturing, and thesupplier of the 2010 version 500ml handbag for National Cellar 1573 passed the product carbon footprint certication.

Sustainability principles guide every stage of our packaging process, from raw material selection and design to recycling. Itactively promotes lightweight packaging, material reduction, and eco-friendly design to reduce environmental impact.

Radio Frequency Identication.

Packaging Material Management

Luzhou Laojiao is committed to eco-friendly packaging and integrates green principles into its design process. The DesignStandard for Non-Woven Handbags sets clear requirements for material selection, quality control, and inspection, ensuringsustainability without compromising product quality. At the company level, our Green Packaging Strategy aims to reduceresource consumption, minimize environmental pollution, and enhance recyclability—balancing both economic and ecologicalbenets.

Green packaging training site

In May 2024, to enhance the green and low-carbon awareness of packaging material suppliers, the Company organized asupplier training session on green packaging. This training, based on the national "dual carbon" strategy, introduced certicationrequirements and incentive policies for green and low-carbon packaging materials. It also provided a detailed explanation ofgreen indicators and standards for packaging materials, such as bottles, crates, boxes, and caps, supplied to the Company.Additionally, the training shared best practices from the food and beverage industry, showcasing leading examples of greenproduct implementation and green procurement. Suppliers were encouraged to take proactive measures to reduce pollution andcarbon emissions.

CaseGreen packaging training for suppliers to promote the development of the company's greensupply chain

Prioritizing the use of degradable and recyclable environmentally friendly materials, reducing the use of PE lm forgift boxes, and minimizing the environmental impact of packaging, saving 1,156 tonnes of PE plastic bags annually;

●Utilizing anti-counterfeit labels made of polymer materials to extend their service life, with RFID

(Radio FrequencyIdentication) chips embedded in the core to facilitate intelligent inventory management and distribution tracking,e?ectively preventing the loss of anti-counterfeit packaging materials and supporting recycling e?orts. Additionally,recycling sealing rubber cores, reducing solid waste by 3.5 tonnes per year;

Introducing standardized recyclable carriers for packaging materials such as bottles, crates, boxes, caps, handbags,anti-counterfeit labels, and sealing glue, standardizing the dimensions of incoming materials. These carriers enablethe reuse of outer packaging, improving transportation e?ciency and reducing solid waste generation.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Sustainable AgricultureLuzhou Laojiao recognizes the critical role of sustainable agriculture in ensuring food security and ecological protection. TheCompany has introduced initiatives such as waste recycling, reducing chemical inputs, and promoting the use of organicfertilizers.

Demonstration project of thermochemical energy and resource utilization of distilling waste

The Company has developed a demonstration project for the thermochemical energy conversion and resource utilization ofdistilling waste, with an annual vinasse treatment capacity of 100,000 tonnes. This project employs advanced processes such asimpurity removal, drying, screening, and pyrolysis to enable large-scale treatment and high-e?ciency utilization of vinasse. Eachyear, the project yields 15,000 tonnes of feed protein and 4,000 tonnes of biochar from the treated vinasse. The feed proteinenhances the nutritional value of biological feed, while the biochar improves soil quality for sorghum cultivation. Additionally, thepyrolysis gas generated during treatment is combusted to produce heat for preheating boiler water, replacing approximately 3million Nm? of natural gas annually and reducing carbon dioxide emissions by over 10,000 tonnes.By implementing this project, the Company has eliminated the environmental risks associated with vinasse disposal andfacilitated the sustainable transformation and upgrading of the baijiu industry.

CaseCreate a vinasse recycling project to drive industrial transformation

As China's baijiu industry leader, Luzhou Laojiao deeply implements its "co-distilling with nature, coexisting in harmony"philosophy, integrating biodiversity conservation into its sustainable development strategy.The Company has established organic sorghum cultivation bases and implemented comprehensive organic farming protocols.We have developed standardized documentation including the Organic Management Manual and the Organic ProductionTechnical Procedures, effectively combining traditional distillery crop cultivation with ecological preservation. This initiativehas created an exemplary sustainable agricultural model for the industry that actively protects regional biodiversity. Throughscientic planning and precision management, we have optimized operational schedules, upgraded production methods, andimplemented strategic fallow periods to continuously improve soil fertility and enhance the stability of farmland ecosystems.

The Company prioritizes ecological awareness development for both employees and contracted growers, implementing regularbiodiversity conservation training programs. These include specialized seminars on biological pest control delivered by industryexperts. As of the reporting period, we have conducted over 150 biodiversity-focused training sessions, reaching over 10,000annual training attendances.

Biodiversity Conservation

Biodiversity conservation measures of Luzhou Laojiao Organic Sorghum Base

Promoting organic fertilizers and bio-agents as eco-friendly agricultural inputs effectively reduces ecologicalpollution from traditional farming while protecting soil biodiversity and maintaining subterranean ecosystem balance.The base's soil shows 2-3 times higher earthworm density and more active microbial communities than conventionalfarmland;

●The base employs agricultural/physical controls, manual weeding, and biological methods utilizing natural predators(parasitic wasps, ladybugs, trichogramma) to manage pests/weeds, increasing populations of both phytophagousinsects and their natural enemies;

●Crop rotation, intercropping, and relay intercropping diversify vegetation, providing habitats and food sources forvarious species;

●Winter fallowing and minimum tillage e?ectively protect topsoil. Organic cultivation prevents land degradation andreduces groundwater/surface water pollution, significantly restoring benthic organisms (e.g., snails) in adjacentwater bodies;

●The base mandates protection of natural vegetation adjacent to farmland, establishing ecological bu?er zones thatenhance biodiversity within the cultivation area. This conservation measure promotes population growth of benecialbirds and other wildlife, thereby maintaining agro-ecosystem equilibrium. Our monitoring data demonstratessignicant ecological improvements, with observed avian species increasing from 15 in 2015 to 28 in 2023, includingnationally protected Class II species such as the gray crane.

In 2024,

we have conducted over

biodiversity-related training sessions

reaching over

10,000

annual training attendances

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTProduce Greenly in Harmony with the Environment

Craft with Excellenceand Grow Together withCustomers

Luzhou Laojiao considers product safety as the lifeline of its corporate development. The Company has establisheda full-industry-chain quality control system and a customer-focused service system to enhance brand reputation.It also actively participates in industry collaborations, leading the development of baijiu quality standards, sharingtechnological innovations, and promoting high-quality industry growth.

Product Quality and Safety

Intellectual Property ProtectionExcellent Customer ServiceResponsible Marketing

Food Safety Assurance

Quality strategic objectives and implementation of Luzhou Laojiao

Product Quality and Safety

The Company strictly adheres to national quality management laws and standards, and has developed a series of internalsystems and strategies. It has also established a comprehensive management framework that covers raw material cultivation,brewing, warehousing, logistics, and terminal sales, ensuring stable and reliable product quality.

Guided by the philosophy of "making the quality of Chinese baijiu visible," the Company has implemented the "Luzhou LaojiaoIntelligent Distilling 4.0" strategy. This approach leverages digitalization and intelligent technologies to upgrade equipment,develop talent, and optimize management, strengthening the Company's leadership in total quality management within the baijiuindustry.

Quality Strategy

●Intelligent transformation and upgrading of distilling processes, with notable improvements incapacity expansion, quality enhancement, and e?ciency

O?cially launched the baijiu industry's rst intelligent packaging center built to "Lighthouse Factory"standards, promoting industrial linkage across the entire value chain

●Replacing manual labor with instruments, o?ine with online processes, and conventional methodswith faster ones

Equipment

upgrade

Fostering deeper integration of production, academia, research, and application

●Reinforcing the stabilizing role of industry chain standards

●Promoting the widespread application of industrial measurementTechnology

Upgrade

Integrating information systems to achieve full coordination from research and development, designto after-sales service

●Applying quality data throughout the product lifecycle, driving decision-making

Optimizing the quality inspection model

Management

upgrade

Quality management mechanism of Luzhou Laojiao

The Company has established a comprehensive quality management system that rigorously monitors raw materials, packaging,production, and logistics. This end-to-end approach ensures consistent quality control and strengthens overall product qualitymanagement.

Quality Management Mechanism

Qualitycontrol of raw

grains fordistillation

Transportationquality control

Packagingmaterial quality

control

Luzhou Laojiao pioneered the "organic" concept in the baijiu industry and established organicsorghum production bases in more than ten townships across four districts and counties ofLuzhou City. Since 2008, the Company has maintained organic certication for 17 consecutiveyears. "National Cellar 1573" became the rst Luzhou-avor baijiu to obtain organic certication.Through years of continuous innovation and exploration, the Company has developed a completegreen, organic industry chain that spans from “raw materials—distilling—by-products—organicfertilizers—planting—tourism.” "Luzhou Glutinous Red Sorghum" received geographical indicationprotection from the former Ministry of Agriculture. The Company's "Research and IntegratedDemonstration of Key Technologies for Standardized Planting of Distilling Sorghum" won thirdprize for technological invention from the China Alcoholic Drinks Association. The Companyhas been recognized as a "National Key Leading Enterprise in Agricultural Industrialization," a"National Standardized Demonstration Area for Organic Sorghum Planting," and has received the"National Agricultural, Animal Husbandry, and Fishery Harvest Award."

The Company is advancing the construction of an information management platform thatintegrates the entire production and logistics chain—from raw grain planting and procurementto production, logistics, distribution, and terminal sales. This full-chain approach ensures betterrisk control and supports the implementation of quality and safety responsibilities throughout theprocess. The Company has implemented a third-party specialized warehousing and logisticsmanagement model and formulated the Quality Manual for Logistics Enterprises, which setsstandards for product protection and service requirements for logistics partners, includingChina Logistics, COSCO Logistics, and China Postal Express & Logistics. By strengtheningwarehousing and transport capabilities and improving the e?ciency of distribution services, theCompany ensures product quality and safety are maintained right up to the nal delivery.

The Company strengthens the quality and safety control of packaging materials, conducting riskassessments on the materials, structure, and processes of "new products, new technologies, andnew suppliers." Simulations of production, storage, and transportation conditions are performedto test the materials, e?ectively controlling the external quality of products from the source.

●Optimizing the talent structure for quality within the industry chain

●Pioneering the industry chain’s rst grid-based chief quality o?cer system

●Introducing the rst industry-wide qualication certication system for quality professionals in theindustry chainTalentupgrading

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

The Company continues to promote the construction of quality culture and strengthen quality awareness across all sta?. Anexpert team, consisting of universities, research institutes, and benchmark enterprises in the industry chain, has been formed.Through activities such as "Quality Month", "Industry Chain Quality Lectures", "Continuing Education for Quality Professionals","Benchmark Learning", and "Quality Salons", the Company continuously enhances quality awareness, improves quality businessskills, and strengthens the foundation of quality. In 2024, the Company conducted 24 quality training sessions, engaging nearly1,000 employees.

The Company is committed to building a skilled quality talent team to support the strategic objectives of the 14th Five-YearPlan. In 2024, it will continue enhancing its quality training system, which includes nine key modules covering general qualityknowledge, professional training, advanced quality management, and specialized food safety programs. The curriculum featuresover 60 specialized courses, such as "Fundamentals of Quality Management and Food Safety," "Risk Analysis and Controlof Baijiu Quality and Safety," and "Theoretical Knowledge and Practical Application of Baijiu Tasting Skills." This structuredapproach ensures a strong pipeline of quality professionals to support long-term quality management strategies.Furthermore, the Company actively promotes talent development across the industry chain by offering supplementarycertification, re-certification programs for quality inspectors, and continuing education for chief quality officers. In 2024,130 professionals from 61 enterprises successfully obtained quality inspector qualifications under the Company's qualitymanagement system.

Quality Culture Construction

Training on product quality of Luzhou Laojiao in 2024Luzhou Laojiao has established a comprehensive product recall management system and developed plans such as the 2024Food Safety Emergency Drill and Food Safety Recall Drill Plan to ensure a rapid and e?ective response to potential productquality issues. These measures aim to minimize impacts on consumers and the Company. In 2024, no product recalls occurredin the Company.

Product Recall Management

In March 2024, the Company organized a recall drill for the 2010 version of 52°National Cellar 1573, simulating a scenario inwhich excessive iron ion precipitation in the glass bottle caused product discoloration. The Company has established a recalldrill team to review product complaints, strictly following the corresponding procedures, steps, and timelines for recall activities.Through these drills, the effectiveness of the Company’s recall system has been verified, ensuring that the Company canrespond quickly to potential product quality issues and handle them correctly.

CaseProduct recall drill

Scene from the Provincial Quality Excellence Conference

Case

Luzhou baijiu industry chain quality improvement pilot: Implementing cross-boundarymanagement for cluster-based developmentThe State Administration for Market Regulation, the National Development and Reform Commission, and four other ministriesjointly issued the Opinions on Quality Infrastructure Facilitating the Linkage Improvement of Industrial and Supply Chains,launching pilot projects for supply chain quality linkage improvement. As the leader of the Baijiu Industry Chain in Luzhou City,the Company leverages the cluster development model of the baijiu industry in Huangyi Park to implement cross-boundaryquality management. Through this systematic quality enhancement program addressing common industry challenges, we haveestablished a comprehensive quality mapping framework while identifying 32 key research projects and 10 quality policy tools.The quality improvement drive has enabled us to diagnose 12 critical quality issues, implement targeted solutions for baijiu bottleand gift packaging quality enhancements, and conduct 25 professional training sessions achieving over 1,000 attendances.These coordinated e?orts have signicantly raised overall supply chain quality standards. Recognized as an industry benchmark,the pilot's achievements were presented as a case study at Sichuan Province's Quality Development Conference, receivinghigh-level recognition.

Industry ChainQuality Lecture

Training NameTraining ContentTraining E?ectiveness

Continuingeducation forindustry chainCQOs

Covering quality management improvement,quality testing technology, and opportunitiesand challenges of quality management underintelligent manufacturing

10 training sessionswith nearly 400attendancesAbout 500 attendances,including chief qualityo?cers and qualitymanagement personnel

Covering system construction, quality toolapplication, site management, and food safety

In 2024,

the Company conducted

quality training sessions

engaging nearly

1,000

employees

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Luzhou Laojiao has developed a cross-border quality management model based on the concept of "from the eld to the tip ofthe tongue." Guided by consumer experience, the Company leverages its industrial cluster model to enhance quality and safetymanagement across the entire value chain. This approach extends quality control both upstream—covering raw grain plantingand packaging material production—and downstream, ensuring quality in logistics, warehousing, distribution, and consumer-endmanagement. Traceability and control systems are also in place to safeguard product safety throughout the baijiu industry chain.To enhance quality management, the Company has established comprehensive regulations, including the Quality Manual ofPackaging Material Suppliers, the Quality Manual of Distilling Raw and Auxiliary Materials Suppliers, the Quality Manual ofLogistics Enterprises, and the Quality Manual of Product Distribution Enterprises. These manuals set "red line" requirementsand operational guidelines for every stage, including packaging material production, raw grain management, logistics, anddistribution, ensuring strict compliance with quality and safety standards. In addition, the Company has implemented a "three-level ve-law" supervision mechanism, deploying quality supervision personnel, conducting audits and inspections, managingtargets, and performing performance assessments to uphold quality management and standards. These measures havesignicantly improved quality management e?ciency and strengthened assurance practices across the entire industry chain.In 2024, the Company completed 4,030 supplier pre-inspection tasks and conducted 3,778 quality patrol inspections of supplierproduction processes. The Company also optimized over 10 process systems, including the Manufacturing Execution System(MES

) and Supplier Relationship Management (SRM

) processes, improving pre-inspection e?ciency, digitalizing abnormalitymanagement, and enhancing traceability.To continuously improve the quality level across various links of the industry chain, in recent years, the Company has organized42 special quality improvement initiatives related to issues such as the peeling of floral patterns on glass bottles and moldgrowth on gift boxes. In addition, 76 standards and regulatory documents have been formulated or revised, e?ectively increasingproduct pass rates.

Industry Chain Quality Management

Quality-related honors obtained by Luzhou Laojiao

"Sichuan Famous Brands" in 2024

Stable and Qualied Products in National

Quality Inspection

National Advanced Quality and Integrity

Enterprise

2024 National "Quality Month" Quality Integrity

Initiative Enterprise

National Product and Service Quality Integrity

Demonstration Enterprise

Recognized as a Leading Enterprise in the

Provincial Quality Excellence Program

National Model Case of"Integrity Prospering Business"Craftsmanship Enterprise · Quality Pioneer

MES: Manufacturing Execution System.

SRM: Supplier Relationship Management.

Star Enterprise of QualityManagement in Sichuan

Province

2024 OutstandingContribution Award to the

Industry

2024 CraftsmanshipInheritance Achievement

Award

Excellent Cases of Food

Safety Management

Innovation in 2024

Pioneer Practice Award for

Food Authenticity

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Food safety supervision and inspection system of Luzhou Laojiao

Working mechanism of "daily control, weekly investigation and monthly scheduling"

Food Safety AssuranceLuzhou Laojiao strictly adheres to the Food Safety Law of the People's Republic of China, the Administrative Measures forFood Recall, and the ISO 9001 Quality Management System and the ISO 22000 Food Safety Management System,ensuringfood safety responsibilities are fully implemented. The Company has established a grid-based quality coordination mechanismcovering both internal (horizontal) and industry chain (vertical) levels. To ensure comprehensive food safety governance, theCompany has developed over 400 internal quality and safety assurance systems, including the HACCP

Plan, the Food SafetyProtection Plan, and the Measures for Food Safety Risk Assessment. These systems cover all production and functionaldepartments, ensuring product quality is safeguarded, and consumer rights are protected.

The Company conducts system control, process control, supervision and inspection. This multi-tiered supervision systemensures comprehensive oversight and e?ective management of food safety.

Hazard Analysis and Critical Control Point.

Systemcontrol

Processcontrol

Audit and Supervision MethodAudit Content

Supervision

andinspection

Luzhou Laojiao has established a systematic and comprehensive food safety responsibility framework characterized by"leadership accountability, full staff participation, and stakeholder co-governance". By operating a "daily control, weeklyinspection, and monthly scheduling" mechanism, the Group has dened critical control points, key processes, and inspectioncriteria, further reinforcing its food safety defenses. Adhering to the food safety policy of "prevention rst, eliminating hazards,continuous improvement, and ensuring safety", the Group set a goal of "zero food safety incidents", which was successfullyachieved in 2024. During the reporting period, the Company has not experienced any food safety incidents.

Food Safety Management System

In 2024,

the Company has obtainedthe ISO 9001 Quality Man-agement System Certication,the ISO 10012 MeasurementManagement System Certifi-cation, and ISO 22000 FoodSafety Management SystemCertification, successfullyachieving the annual target of"100% pass rate for externalaudits."

Certificate CN15/20820.00
The management system of
Luzhou Laojiao Co., Ltd.
Unified Social Credit Code: 91510500204706718H
Business Operation Address: No.9 Nanguang Road(Luzhou Laojiao Plaza), Longmatan District, Luzhou City,Sichuan Province, P. R. China
has been assessed and certified as meeting the requirements of
ISO 22000:2018
For the following activities
This certificate is valid from 30 June 2024 until 29 June 2027 and remains valid subject to satisfactory surveillance audits.
Multiple certificates have been issued for this scope, the main certificate is numbered CN15/20820.00
Jonathan Hall
Global Head - Certification Services
SGS United Kingdom Ltd
t +44 (0)151 350-6666 - www.sgs.com
The certification information can be verified on the web site of Certification and Accreditation Administration of the People’s Republic of China www.cnca.gov.cn
This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.

System certications achieved

MonthlyScheduling

WeeklyInspection

Daily

Control

PackagingProductionDepartment

Supply ChainManagementCenter

EquipmentManagementDepartment

EnergyManagementDepartment

Raw Materialsand ExcipientsManagementDepartment

LiquorDesign andManagement

Center

Starter-makingCenter

DistillingCenters

The Company strictly complies with national laws, regulations, and standards, and has establisheda comprehensive standardized management system, which includes key documents such as theHACCP Plan and the Food Safety Management Manual. The Group has obtained ISO 22000certication and conducts regular internal and external audits in accordance with the ISO 22000food safety management system, ensuring ongoing monitoring, continuous improvement, ande?ective maintenance of its food safety management system.The Company implements end-to-end food safety controls across the entire industry chain. Fromraw grain cultivation, procurement of raw and auxiliary materials and packaging, distilling, andsource management, to packaging production, warehousing, and logistics, every stage of theproduction process is strictly managed to ensure comprehensive food safety oversight.The Company has established a robust food safety supervisionsystem that carries out multi-dimensional testing—includingsensory, physical, and chemical analysis—on raw and auxiliarymaterials, food contact substances, semi-finished products,and finished products across key stages such as distilling,source processing, and packaging. Through regular samplinginspections and a comprehensive traceability mechanism,potential risks are promptly identied and addressed, ensuringthat all products achieve 100% compliance.

Chairman of the Board

Food Safety DirectorQuality Management Center

Packagingworkshops

Warehousingand logisticscompanies

Red Sorghum

Company

ProductionManagementDepartment

Packaging MaterialPurchasing and Supply

Center

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

The Company adheres to the principle of "prevention first, systematic risk control," continuously enhancing its food safetymanagement system. A food safety risk monitoring system has been established to enable real-time monitoring across the entireindustry chain. The Company has also developed a risk review mechanism to standardize temporary mitigation measures andintegrate routine risk management across product R&D, distillation production, liquor design, and packaging, reinforcing itsquality and safety defenses.Furthermore, the Company has implemented a digital traceability system, integrating three core modules—"Enterprise InternalManagement Platform," "Warehousing and Logistics Management Platform," and "Consumption Management Platform." Thissystem ensures seamless information ow across the supply chain, records end-to-end product quality and safety data, andenables e?cient traceability throughout the product lifecycle.

Food Safety Risk Prevention and Control

Digital traceability system of Luzhou Laojiao

Customer service philosophy of Luzhou Laojiao

Excellent Customer Service

Luzhou Laojiao upholds a "customer-centered" philosophy, continuously refining its customer service framework bystrengthening complaint resolution and feedback mechanisms. Through service upgrades and intelligent solutions, the Companymeets diverse customer needs while enhancing overall satisfaction.

Customer Service System

This platform traceability during production by enabling supervision, verication, and tracking across the entireprocess—from procurement and brewing to packaging operations. It enhances production efficiency andstrengthens quality control.

This platform supports traceability during the sales stage by integrating product coding data with traceabilityrecords. It ensures seamless linkage between production and sales, tracking batch details, quantities, andwarehouse movement. By reducing human error, it helps prevent missed or incorrect shipments and optimizesinventory management.

Leveraging big data analytics, this platform supports market-driven strategies. By integrating anti-counterfeitingscan data, it enables early warnings and trend analysis in high-risk areas, improving the precision of counterfeitprevention e?orts.

The Company tailors customer service standards based on regional characteristics and customer concerns,aligning with market dynamics to improve frontline service e?ciency.

Classied guidance for "precise policy implementation"

The Company has established e?cient channels for information collection and feedback. Through innovation-driven strategies, it identifies real customer needs, improves product and service quality, enhances customerexperience, and strengthens brand loyalty

Innovative thinking to optimize customer experience

By fostering collaboration among business departments, the Company establishes unified customer servicestandards. Leveraging departmental strengths and promoting a "co-construction, co-governance, and sharedresponsibility" approach enhances information sharing, optimizes internal workflows, and improves externalservice e?ciency.

Information exchange to develop service standards

Enterprise internal management platform plays a key role in information traceability on the production side

Warehousing and logistics management platform helps with information tracking on the sales side

Consumption management platform plays a role in backend data mining and analysis

The Company integrates its service philosophy across the entire service process, adhering to the principle of "CustomerFirst, Reputation Supreme." It has established the Management Measures for After-Sales Service to create a compliant andsystematic customer service framework. Our Grading Emergency Plan for Abnormal Market Information enables accurateidentication and hierarchical management of market demands, improving service response e?ciency. To expand consumerfeedback channels, the Company has proactively integrated with the National Administration for Market Regulation’s ODR

(OnlineDispute Resolution) system. Dedicated personnel monitors the platform in real time, ensuring critical feedback is promptlyaddressed and managed within a closed-loop system.

Online Dispute Resolution.7778

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Customer complaint resolution process of Luzhou Laojiao

Luzhou Laojiao Customer Service Goals and Progress

In 2024, the Company handled 2,400 customer complaints, achieving a 100% response rate, and a 97.30% overall complaintresolution rate, meeting all established service targets.

The Company has strengthened key customer service roles and enhanced sta? expertise through targeted training, continuouslyimproving service quality to deliver a better customer experience. In 2024, we held 15 specialized training sessions for marketpersonnel with over 600 participants, covering complaint handling, operational procedures, and e?ective communication.

Honorary certicate of "2023 Outstanding Consumer

Recognition ODR Unit"

To better understand distributor and end-customer evaluationsof products and services, the Company has established acomprehensive research system, combining annual surveys,quarterly assessments, and ongoing feedback collection. In2024, it conducted four distributor satisfaction surveys involving1,879 customers, achieving a customer satisfaction rate of

99.70%.

In March 2024, at the launching ceremony of the 2024 LuzhouInternational Consumer Rights and Interests Day, the Companywas honored as a "Luzhou 2023 Outstanding ConsumerRecognition ODR Unit."

Upholding the principle of "Promoting, Supporting, and Protecting Business Partners," the Company conducts various customersupport initiatives, o?ering targeted assistance and integrating resources to help customers strengthen competitiveness andresilience. In 2024, the Company conducted 66 consumer engagement activities, reaching 305,032 consumers.

Customer Satisfaction

Inventory check of a?ected distributor customers

From August 24 to 27, the Customer Service Department collaborated with the Market Supervision Department to assist acustomer in Tangshan City in managing post-fire inventory recovery. The team sorted and salvaged 1,913 National Cellarproducts that met quality standards, which were then reworked according to the Quality Management Center’s guidelines,helping the customer restore condence in business operations.Due to severe weather conditions, some distributors in Hangzhou and Changsha su?ered ood damage to their inventory. TheCustomer Service Department, in coordination with the Market Supervision Department, conducted on-site assessments andinventory verication to account for damaged products, demonstrating the Company's rapid emergency response capabilitiesand strong commitment to corporate social responsibility.

Provide customer assistance and showcase corporate responsibilityCase

The Company follows a three-step process—information collection, verication and handling, and customer follow-up—to ensuretimely responses, clear resolutions, and seamless service experiences.

InformationCollection

Verication andHandling

CustomerFollow-up

Target2024 Target Completion

Complaint resolution rate ≥ 90%

One-time resolution rate formarket inquiries ≥ 60%

2,400 market complaints received, 2,300 complaints resolved,achieving a completion rate of 97.30%90,400 market inquiries received 71,800 resolved in a singleresponse, achieving a one-time resolution rate of 79.42%

Categorizing complaints:

product complaints, servicequality issues, and complaintsreferred by law enforcementagencies

●If a complaint does not fallinto these three categories,it must be reviewed by thecustomer service supervisor

●Providing direct Interpretation

●Verifying complaint detailsand o?ering a resolution plan

●Contacting customers toconrm whether they acceptthe proposed resolutions

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Integrated customer service center of Luzhou Laojiao

The Company has strengthened cross-departmental collaboration, enhanced information sharing, and optimized resourceallocation to develop an integrated customer service center. By implementing an end-to-end service system "that combines AI-powered bots, human agents, and automated work order management", alongside a dual-channel "hotline + online" servicesystem, the Company has enhanced customer engagement and strengthened long-term relationships.

Advancing Digital and Intelligent Customer Service

Responsible Marketing

At Luzhou Laojiao, we take social responsibility seriously. We actively promote responsible marketing, advocate for mindfuldrinking, and collaborate with industry and social groups to encourage healthier drinking habits. Our goal is to shape a newculture that values responsible alcohol consumption.We strictly follow the Advertisement Law of the People's Republic of China, the Law on the Protection of Consumer Rightsand Interests, the Interim Measures for the Administration of Internet Advertising, and other relevant regulations. To ensurecompliance, we have established clear guidelines under our Brand Asset Management Measures, outlining standards foradvertising and marketing practices.With a strong commitment to consumer trust, we maintain a rigorous content review system. Every aspect of our advertising,including product labels, promotional materials, and marketing placements, undergoes thorough scrutiny to prevent misleadingclaims and ensure accuracy. We prohibit exaggerated messaging and false advertising, making sure all information we shareis truthful, precise, and legally compliant. In addition, we conduct responsible marketing audits in line with national policiesand Company regulations. These audits assess and optimize marketing and promotional activities to ensure that externalcommunications are truthful, accurate, and complete, e?ectively conveying reliable information to consumers.Training is a key part of our responsible marketing e?orts. We require all relevant employees to participate in specialized trainingsessions to reinforce these principles. In 2024, we conducted two training sessionson responsible marketing, achieving 100%participation from employees in the Brand Center and Planning Department.

Multi-channelintegrationand unied

response

Intelligentman-machinecollaborative

reception

Intelligent AIoutbound call

Intelligentservice support

Training and learning site

In 2024, the Company organized the study of responsiblemarketing-related systems such as the Civil Code of thePeople's Republic of China, the Advertisement Law of thePeople's Republic of China, the Law of the People's Republicof China on the Protection of Consumer Rights and Interests,and the Anti-Unfair Competition Law of the People's Republicof China. A total of more than 40 employees participated inthe study, greatly improving their awareness of compliancemarketing.

Responsible marketing trainingCaseDigital

intelligentoperationmechanism

In 2024,

we conducted

responsible-marketingtraining sessions

achieving100%

participation from employees in theBrand Center and Planning Department

Supporting online service access across multiple platforms and multi-service channels

●Accessing third-party platforms for multi-terminal unied response and information integration

●Providing self-service voice service

●Offering 7×24-hour intelligent response, supporting the seamless transfer of unresolvedproblems to manual work or automatic generation of work orders by leaving messages

●Assisting with manual intervention and efficient collaboration, realizing the preliminaryscreening of customer intentions for accurate distribution

●Realizing multi-scenario customer clue cleaning such as invitation notication, private domaindiversion, frequent customer recall, and survey return visits to achieve accurate customercontact

●Deploying online robots to improve the internal service e?ciency of enterprises

●Providing multi-channel online consultation portals such as enterprise website, enterprise Appand social media App

●Multi-dimensional data board;

●Full-link operation monitoring;

●Real-time quality inspection/o?ine quality inspection;

●Intelligent dialog analysis

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Intellectual Property Protection

Luzhou Laojiao has built a standardized and full-chain intellectual property management system to protect core technologicalinnovations, drive technology advancements, standardize business cooperation modes, and continuously enhance the corecompetitiveness of enterprises.The Company has introduced core systems such as the Intellectual Property Management Manual and the Patent ManagementMeasures, and combined with supporting rules such as the Administrative Measures for the Protection of Trade Secrets,these frameworks help streamline processes for managing patents, trademarks, and trade secrets. We also use structuredcontrol procedures and documentation tools to provide clear guidance, ensuring e?cient intellectual property management andsupporting the transition of innovations into market value.Encouraging scientific and technological progress is a priority. To inspire innovation among employees and accelerate thepractical application of research, we have introduced the, the Measures for the Implementation of Policy Research andManagement (Trial) and the Measures for the Implementation of Science and Technology Awards. These initiatives offerstructured incentives for achievements in patents, product innovation, academic research, and industry standards. Eachcategory of achievement has a designated reward structure, ensuring that contributions to technological advancement areacknowledged. Additionally, government-supported research projects, inuential platforms, and prestigious honors that receiveo?cial recognition are also eligible for rewards.During the reporting period, the Company has applied for a total of 560 invention patents and 416 utility model patents. We havereceived 211 invention patents and 372

utility model patents, bringing our total patent holdings to 583.

Activity site

On October 21, 2024, the launching ceremony of the "2024 National Rational Drinking Publicity Week Chongqing ParallelSession", co-organized by Luzhou Laojiao, was held at the News Media Building of Chongqing Daily News Group. The activitywas carried out around three themes: no drinking and driving, prevention of underage drinking, and healthy drinking, advocatingrational and responsible drinking.

National Rational Drinking Publicity WeekCase

We actively promote a culture of responsible drinking by clearly displaying messages like "Drink Responsibly" and "No Salesto Minors" in our advertisements. Through both online and o?ine initiatives, we educate the public on healthy drinking habits,helping to foster a more informed and responsible drinking culture. Our goal is to contribute to a healthier, more harmonioussociety.

Responsible Drinking Advocate

As of December 31, 2024, 165 patents have expired. Since the protection period for utility model patents is 10 years, as of December 31, 2024, 165 utilitymodel patents have expired.

During the reporting period,

applied for a total of

utility model patentsthe Company has applied for a total of

invention patents

received

invention patentswe have received

utility model patents

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Training site

CaseTraining on protection of intellectual property achievements in technical cooperation(entrustment) development

In September 2024, the Company organized a training session on the protection of intellectual property achievements intechnical cooperation (entrustment) development with 40 participants. The purpose of this training was to enhance the practicalability of employees in protecting intellectual property achievements and to improve the protection level of intellectual property intechnical cooperation (entrustment) development within the Company.

Training site

CaseTraining on patent basics and writing practice

In January 2024, the Company conducted training on patent basics and writing practice, with a total of 60 participants. Thetraining aims to strengthen the standardized management of the Company's invention and utility model patent applications, andto enhance the awareness of patent creation and protection among the Company's scientic and technical sta?.

In 2024,

we conducted

Intellectual Property Training sessions

with

participants

Luzhou Laojiao actively educates employees on intellectual property risks and patent preparation to strengthen awareness andcompliance. In 2024, we conducted 2 Intellectual Property Training sessions with 100 participants.

New patent performance of Luzhou Laojiao from 2022 to 2024IndicatorUnit202420232022New invention patent applications in the yearPiece1279049New utility model patent applications in the yearPiece505083New invention patents granted in the yearPiece251914New utility model patents granted in the yearPiece336766

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCraft with Excellence and Grow Together with Customers

Foster Diversity and ThriveAlongside Employees

Employees are the backbone of our success. At Luzhou Laojiao, we are committed to improving ouremployment policies, salary structures, and benefits to safeguard employee rights and support careergrowth. We also prioritize workplace safety and strive to build an equitable, diverse, and healthy workenvironment—ensuring our employees feel valued, supported, and fullled in their roles.

Employee HiringEmployee CareHealth and Safety

Employee Training and Development

Luzhou Laojiao strictly adheres to the Labor Law, the Labor Contract Law, the Social Insurance Law of the People's Republicof China and other relevant laws and regulations. To maintain compliant employment practices, we have established internalpolicies such as the Recruitment Management Measures and the Employee Code of Conduct and Labor Discipline ManagementMeasures. We are committed to diversity, equality, and non-discrimination, treating employees fairly regardless of race, gender,religion, or cultural background. We strictly prohibit child labor and any form of forced labor. To prevent labor violations, weoutline work conditions, including hours and related terms, clearly in employment and collective contracts. In 2024, our laborcontract signing rate reached 100%, with no incidents of child labor, forced labor, or workplace discrimination.We also uphold equal pay for equal work and actively promote employment opportunities for vulnerable groups, includingwomen and individuals with disabilities. This year, we employed 52 individuals from disadvantaged backgrounds

.To support our strategic growth and address talent needs, Luzhou Laojiao actively recruits through campus hiring, socialrecruitment, and internal promotions. We also run specialized programs like "Baijiu Scholars," "Cellar Newcomers," and "EliteCellar Talents."

Talent recruitment projects of Luzhou Laojiao

Including migrant workers, disabled individuals and demobilized soldiers.

"Elite Cellar Talents" recruitment project

Employee Hiring

"Cellar Newcomers" recruitment program

Recruitment program of "Freshmen in Cellars"

Luzhou Laojiao leverages digital technology to enhance its recruitment process. Using an AI-driven recruitment system, westreamline candidate screening by analyzing key resume attributes and conducting online evaluations. In 2024, we introducedAI interview technology for campus recruitment, enabling faster and more efficient candidate assessments. To furtherimprove talent selection, we have established a dedicated recruitment evaluation team that provides expert insights based onstandardized assessment criteria. This year, we focused on strengthening internal expertise by training 22 new junior evaluators.As of the end of the reporting period, the Company had 269 evaluators, including 15 expert-level evaluators, 173 intermediateevaluators, and 81 junior evaluators. In 2024, the evaluation team participated in 115 campus recruitment and talent reviewproject evaluation activities, completing over 3,500 evaluations.During the reporting period, Luzhou Laojiao had 3,832

employees, with 58 female employees holding middle and seniormanagement positions.

Number of employees of Luzhou Laojiao in 2024

Refers to the total number of employees in Chinese mainland, excluding employees from Hong Kong, Macao, Taiwan, and overseas.

Employee turnover rate of Luzhou Laojiao in 2024

Employee turnover rate by genderEmployee turnover rate by ageEmployee turnover rate by employee category

Number of employeesby gender

Number of employees by ageNumber of employees by

educational background

Number of employeesby employee category

Senior Management

3,655

Middle ManagementEntry-level employees

Total employee turnover rate

6.92%

Total number of employees

3,832

1,347

1,998

30 years oldand below

31-50years oldAbove 50years old

Below associatedegree

Bachelor's degreeand associate degreePostgraduate degree and aboveDoctoral degree and above

2,796

2,601

1,231

Maleemployees

Femaleemployees

6.19%

8.45%

Male employeeturnover rate

Female employeeturnover rate

30 years oldand below

31-50years old

Above 50years old

10.39%10.47%

3.70%

7.14%7.14%

1.84%

SeniorManagement

MiddleManagement

Entry-levelemployees

This is a new sub-project under the Company’s 2024 national campus recruitment brand “Refreshing Youth andPromising Future”. It primarily targets high-level talent with master's or doctoral degrees, specializing in technologicalinnovation, aimed at helping the Company achieve breakthroughs and upgrades. The focus is on recruiting talent in theelds of digitalization and liquor-making technology, continuously improving the quality of the Company's talent pool andmaintaining a long-term competitive advantage in talent.

●Upon joining, "Elite Cellar Talents" will undergo a 3-year systematic training program. A 2-to-1 mentorship team consistingof senior executives and technical experts will provide exclusive guidance. They will be given the opportunity to participateas core project members in critical initiatives such as digital transformation and production technology advancements toaccelerate their growth.

●In 2024, the Company conducted 2 campus recruitment sessions, collected 183 resumes, and interviewed 21 candidates.A follow-up assessment in the form of a “National Cellar Trip” was also held, where 10 candidates underwent evaluationsand participated in an enterprise visit.

●Rooted in the front line of professional expertise, this program actively recruits "reserve troops" for the baijiu industry.Through multi-disciplinary training, these individuals are cultivated into well-rounded talents who are familiar with the corevalue chain of the Company and drive operational e?ciency.

●This program is rooted in the market front line and focuses on recruiting the "new generation" of talent to spread theculture of Luzhou Laojiao baijiu. By undergoing market experience in various regions, these recruits are gradually trainedto become leading marketing experts and senior management professionals within the industry.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Employee Training and Development

Luzhou Laojiao has consistently upheld the guiding principles of "political assurance, institutional implementation, capabilitiesenhancement, and rights protection," dedicating itself to advancing the reform of the workforce and actively supporting thegrowth and development of its employees. Luzhou Laojiao has established a structured career development system with dualcareer pathways for "professional + management" roles. Through internal policies such as the Promotion Management Measuresand Training Management Measures, we provide clear opportunities for career advancement, allowing employees to growbased on their expertise and leadership abilities. To support skill development, we introduced the "intangible cultural heritagecraftsmen" position group and established the "Sail Plan" talent growth platform. These initiatives encourage frontline employeesto transition into areas like scientic research, technological innovation, and project development. Each year, we conduct multi-level promotion assessments, including qualication reviews, written exams, online evaluations, and Comprehensive PersonalityInventory (CPI) personality tests. In 2024, more than 700 industrial workers transitioned from frontline roles to key technicalexperts, department specialists, and middle management positions.

Luzhou Laojiao remains committed to an employee-centered approach, building a structured career development system withclear qualification standards. To support employees at different career stages and across various roles, we introduced the"Sailing Plan" training system. This program provides tiered and specialized training, ensuring employees develop well-roundedskills while fostering mutual growth between individuals and the Company.During the reporting period, The Company invested RMB 13,881,500 in training. Our workforce collectively completed297,378.88 training hours, with an average of 88.90 hours per employee.

Dual-channel career developmentEmployees progress through leadership training, enhancing their management and leadership skills.Employees deepen their technical and industry expertise, becoming specialized professionals inthe Company and the industry.

During the reporting period,

our workforce collectively completed

297,378.88

training hours

with an average of

88.90

hours per employee

Management

channelProfessional

channel

"Sailing Plan" training system

SubmersibleVoyage Plan– P1/O3 LevelEmployeeTraining

Fast-track Plan

Voyage Plan

Sailing StartPlan – NewEmployee

Training

LeadershipPlan

MTP: Management Training Program.

Designed for P1 and O3 level employees, this training strengthens corporate culture integration andjob role awareness, enabling participants to quickly understand their responsibilities and operationalstandards, improve work e?ciency, and enhance their ability to work independently. In 2024, basedon the competency requirements for P1 employees, the Company developed an online learningroadmap for P1 sta? and conducted P1 public training camps. A total of 16 sessions of the SailingStart Plan were held, with 610 trainee participations.

●Focuses on enhancing the core skills and competencies of P2 and O4 employees, conducted sixintensive training camps for over 200 employees, improving productivity through courses like “SevenDisciplines for High-E?ciency Personnel”;

In 2024, 13 Fast-Track Plan training sessions were conducted, with 522 employees participating.

●Provides specialized training in communication, teamwork, project management, and replaytechnology to strengthen key employees' skills to continuously improve core capabilities and broadenprofessional expertise;

●In 2024, eight Voyage Plan training sessions were conducted, reaching over 160 core employees.

●Targeting new employees recruited from campuses and experienced hires, this plan helpsparticipants quickly integrate into the Company, adapt effectively to their roles, and becomejob-ready. In 2024, the Company optimized the training content and formats for new campusrecruits and experienced hires, conducting 17 sessions of the Sailing Start Plan, with 874 traineeparticipations.

●Provides special MTP

management training for new middle-level managers focusing on theCompany's short-, medium-, and long-term development goals;

●Expands leadership development through the "Management Selection Program," o?ering accessto top external training resources. In 2024, over 130 middle-level managers and P4 employeesparticipated in these programs to strengthen their leadership skills and overall professionalcapabilities

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Diversied training activities in 2024

"Elite Plan" professional training

In 2024, Luzhou Laojiao launched the "ElitePlan" to provide a structured approach to talentdevelopment. The program covered key areassuch as digitalization, human resources, andpublic relations, while also strengthening expertisein production, energy, equipment, and brewing. Tobuild a skilled workforce, we established a coreposition talent profile and certification system,ensuring a clear path for professional growth.Additionally, we conducted company-wide gradingassessments and specialized training, enhancingemployees' baijiu-tasting skills.

Elite Plan training

Luzhou Laojiao actively encourages employees to enhance their professional and technical skills by supporting them in obtainingcertications for titles such as baijiu tasters and brewers. To facilitate this, we provide certication plans, consulting services,and nancial incentives, including allowances for professional titles and partial reimbursement for transportation and informationcosts. In 2024, four employees earned senior professional titles, 22 achieved deputy senior titles, 31 obtained intermediate titles,and 111 received junior titles. Additionally, 241 skilled workers were certied through our vocational skill level evaluation program,covering all levels from senior technicians to junior workers. This initiative has strengthened the overall skills and expertise of ourworkforce.

"Genetic Learning" project

Employee training performance of Luzhou Laojiao in 2024

In 2024, Luzhou Laojiao focused on digital capability development for management teams,expanding their perspectives. We combined "online learning map + offline professional training+ visits to benchmarking enterprises" to encourage new ways of thinking. Through the "GeneticLearning" project, managers gained insights from industry leaders, learning best practices rsthand.We also hosted knowledge-sharing sessions on human resources, intelligent manufacturing, andintellectual property protection to deepen our expertise. During the reporting period, we conducted194 external training sessions with 755 participants, supporting continuous learning and innovation.

Management personnel training

Sales system training

In 2024, conducted a training session for middle-level managers in the sales system, focusing onthe "3+1" capability model (systematic thinking, e?ective communication, collaborative promotion +professional skills). A three-year training plan was developed for functional teams, with structuredbatch training for functional personnel; To enhance professional skills, each specialized departmentdesigned targeted training programs. In total, 13 sessions of professional skills training, brainstormingworkshops, and bi-monthly knowledge-sharing meetings were held across ve key areas, includingdigitalization, brand promotion, and public relations;

●The sales system introduced a specialized digital training program, targeting digital leadership,application specialists, and marketing professionals, and carried out one marketing digitizationseminar and two functional line digitization seminars on functional line digitization; The Company twoeld visits on "Genes and Innovation" and two study sessions on "Systems and Tools" to drive digitalcapability enhancement and support the Company's digital transformation goals.

MTP management talent development training

MTP management talent development training

●In 2024, the Company focused on strengthening leadership across all management levels. Weorganized MTP management talent development training for middle-level managers, incorporatingexternal expertise to enhance comprehensive management skills. To support grassroots leadership,we launched a specialized training camp for production system managers. Through phased trainingprograms, we addressed different levels of management needs, helping over 100 grassrootsmanagers improve their self-management, team leadership, and other abilities.

2,253

1,092

Number of male employees trainedNumber of female employees trained

Number of employees trained by gender

3,150

Number of senior management trainedNumber of middle management trainedNumber of entry-level employees trained

Number of employees trained by rank

Total number ofemployees trained

Total employeetraining hours

Average traininghours per employee3,345 297,378.88 88.90

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Employee Care

Luzhou Laojiao is committed to improving employee compensation, benets, and workplace satisfaction. We maintain opencommunication channels and organize various employee support initiatives to enhance overall well-being and job fulllment.

We implement a post-grade, performance-based salary system that includes basic salary, post-grade salary, andperformance-based earnings. Compensation is determined by individual performance, contributions to key business areas,and assessment results. To promote sustainability and responsibility, some ESG-related indicators, such as environmentalmanagement, occupational health, and R&D innovation, are integrated into performance evaluations. At the same time,the Company strives to maintain a fair and market-driven compensation system based on the principles of "performanceco-creation, risk sharing, and achievement sharing." Our "sharing benefits and bearing losses" strategy ensures thatindividual performance is closely tied to the Company's overall success. By leveraging digital performance management,we strengthen the connection between employee contributions and organizational growth.

To foster engagement and innovation among key talent, Luzhou Laojiao has introduced a restricted stock incentive plan. Thisprogram targets directors, senior executives, middle managers, and core business leaders, ensuring that those in pivotal rolesare motivated to contribute to the Company's long-term success.

Employee Compensation and Benets

Welfare system of the Company

●Endowment insurance, medical insurance, unemployment insurance, maternity insurance,employment injury insurance and housing provident fund

●Holiday condolences, birthday greetings, employee physical examination, distribution of sanitaryproducts for female employees, distribution of wedding souvenirs, distribution of child souvenirs,model worker therapy and recuperation, condolences and other inclusive benets;

●Enterprise annuity, multiple supplementary medical insurance, and multi-level supplementarybenets;

●Housing allowance, rental allowance, work allowance, transportation allowance, summer andwinter allowance;

●Marketing training subsidies, learning organization rewards and more.

StatutoryBenets

Corporate

Benets

Luzhou Laojiao prioritizes employee rights, workplace harmony, and open communication. Through a structured trade unionsystem, we safeguard employee interests and maintain stable labor relations. By organizing workers' congresses, we fosterdemocratic management, encourage dialogue, and ensure employees' voices are heard.To strengthen communication, we provide multiple feedback channels, including employee dialogue platforms, a complaintmechanism, and labor dispute mediation teams. We also invite external experts to conduct mental health lectures. In 2024, wereceived 228 employee feedback submissions through the chairman and general manager hotline as well as other channels,all of which were promptly addressed. We also engage employees through collective consultation meetings, ensuring thatworkplace concerns are discussed openly. As a result, employee satisfaction reached 100% in 2024. In addition, we conductedspecialized surveys in collaboration with the Sichuan Federation of Trade Unions to assess workplace support for femaleemployees in Sichuan Province in the new era. These surveys covered topics such as "Women's Participation in EnterpriseDecision-Making," with 100% satisfaction reported among all female employees.

In addition, Luzhou Laojiao is committed to supporting employees facing di?culties by providing nancial assistance and welfareprograms. During the reporting period, we issued 1,876 assistance subsidies, including xed nancial aid for employees in need.Additionally, we provided education subsidies to the children of 13 employees, totaling RMB 871,800.Luzhou Laojiao focuses on employee well-being and team cohesion by organizing cultural and sports activities. We haveestablished six staff clubs, including football, drama, and dance, and host various recreational events such as exercisetournaments, shing competitions, and "The Dream of China, the Beauty of Labor" activities, helping employees maintain ahealthy work-life balance.

Employee Communication and Care

During the reporting period,

During the reporting period,

assistance for employees in di?cultytotaledRMB

871,800

substantial assistance and xed-amounthardship subsidies to

1,876

individuals

the Company conducted surveys covering 100% of female employees, with100%

satisfaction rate

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Psychological care activities for female employees

International Women's Day activities on March 8

Luzhou Laojiao has always been committed to building a warm and harmonious corporate culture, paying attention to thegrowth and well-being of each employee, and creating a positive working atmosphere through colorful activities and consideratewelfare policies. The Company has taken the following positive measures to celebrate important festivals, promote employeeexchanges, enhance parent-child relations, and care for the health of female employees:

●On March 8, 2024, the Company held a commemorative and commendation meeting on "Joining Hands for a New Journey,Women Chasing Dreams for the Future", which commended 196 outstanding female employees and 302 families, hostedfestival condolence activities, sent sincere holiday greetings to female employees, and praised their contributions to thedevelopment of the Company;

●On May 22, 2024, the Company and Luzhou Laojiao Qiankun Jiubao held a collective customized wedding activity of "ALifetime Commitment, Brewing Happiness Together," providing a romantic and unforgettable wedding experience for 19couples from the company;

●On June 1, 2024, the Company held a parent-child study activity, so that children could walk into their parents' work scenes,experience their work contents, and enhance understanding and respect between parents and children;

●On August 9, 2024, the Youth League Committee and Trade Union of the Company jointly organized the "2024·Have We MetBefore" Qixi Friendship Gathering, providing a platform for young employees from Luzhou Laojiao, Bank of Luzhou, SichuanPolice College, Luzhou Xinglu Investment Group Co., Ltd., and other units to make friends.In addition, we also solicited opinions and suggestions from female employees through meeting discussions, face-to-facecommunications, online collection, and other means to formulate a hygiene package. In 2024, more than 2,400 hygienicproducts were distributed to on-the-job female employees, with an investment of RMB 320,000; the rehabilitation budget forfemale employees was increased to RMB 425/person, with an annual investment of RMB 695,000. Many new gynecologicalexamination sites have been added, such as the A?liated Hospital of Southwest Medical University and Sichuan ProvincialPeople's Hospital, aiming to bring a better gynecological examination experience to female employees.

Home visit by the Chairman of the Trade Union

CaseCarrying out diversied employee care activities

Honorary awards for employees of the Company in 2024Contact point for female employees of the

All-China Federation of Trade Unions

Excellent Organization Award in the BaijiuAnalysis and Testing Skills Competition of the19th Luzhou Sta? Vocational Skills CompetitionBest Organization Award in the First "Red

Flag Cup" Team Leader Competition

Excellent Organization Award in the BaijiuEnterprise Limited Space Operation SkillsCompetition of the 19th Luzhou Sta? Vocational

Skills CompetitionExcellent Organization Unit in the Light IndustryGroup of the First "Red Flag Cup" Team Leader

Competition

First place in "The Dream of China, the Beautyof Labor" online tness activities for employees

in Sichuan Province in 2024Special Contribution Award in the light industrygroup semi-nal of the rst "Red Flag Cup" Team

Leader Competition

Selected as one of the rst batch of on-siteteaching sites for key work innovation cases bythe All-China Federation of Trade Unions

Health and Safety

Luzhou Laojiao continuously improves its occupational health and safety management system, ensuring a safe and healthy workenvironment for employees. We take proactive measures to protect employee health, raise safety awareness, and minimizeworkplace risks.

Health and safety are a top priority in our business operations. We strictly comply with the Work Safety Law of the People'sRepublic of China and the requirements of the ISO 45001 Occupational Health and Safety Management System. To reinforceworkplace safety, we have developed internal policies such as the Work Safety Responsibility System, the Work SafetyCommitment Management System, and the Safety Management System for Related Parties. These frameworks guide our dailysupervision and inspection processes, fostering a culture of safety and health.The Company continues to optimize its standardized occupational health and safety management system. It has invited expertsat various levels to review the system and established a review team led by the chairman in 2024 to conduct self-assessments,with results publicly disclosed. The Company has established a Work Safety Committee, led by the Secretary of the PartyCommittee and Chairman, with the Deputy Secretary of the Party Committee and General Manager serving as executive deputydirectors. The committee includes leaders in charge and department heads, who are responsible for reviewing and auditing theannual work plans and long-term occupational health strategies and occupational disease prevention, and reporting on safetymatters to the Board of Directors and performance appraisal department.

Occupational Health and Safety Management System

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Work Safety CommitteeWork Safety Committee O?ce (located in the Work Safety Management Center)

Safety Management Organization Structure of Luzhou Laojiao

Safety management organizational structure

ProcessSafetyCommittee

OccupationalHealthcareProfessionalCommittee

Fire SafetyCommittee

Equipment

SafetyCommittee

ElectricalInstrument

SafetyProfessionalCommittee

Infrastructure

SafetyProfessionalCommittee

Luzhou Laojiao has strengthened its safety management by implementing a dual prevention mechanism, ensuring effectivehazard identication and risk control. We have compiled 1,371 safety management checklists across nine key areas, includinglegal responsibilities, safety operations, and risk mitigation. The Company also developed the Work Safety Digital ManagementPlatform, which includes 14 standardized management modules and 98 application functions. In 2024, we enhanced safetyinspections by introducing a three-level QR code system, tracking responsibilities at "regional," "departmental," and "individual"levels. With monthly or weekly safety checks, we conducted 399,320 patrol inspections throughout the year. All identied riskswere addressed using a closed-loop management system, ensuring clear accountability and continuous risk control.Employees play a key role in identifying and reporting safety risks. Through the "Safety Management Digital Platform—QuickReporting of Hidden Dangers," they can submit hazards internally. Once verified, safety teams assign corrective actions toresponsible personnel, ensuring timely resolution. In 2024, employees reported 5,029 safety hazards, all of which were resolved,maintaining a 100% rectication rate. To encourage proactive reporting, 508 employees received a total of RMB 252,150 in cashrewards.In addition, Luzhou Laojiao continues to strengthen emergency planning, expand response training, and build full-timereghting teams to minimize safety management risks. In 2024, we conducted one comprehensive drill for disaster preventionand mitigation, one drill for work safety accidents and stability, 72 emergency response training sessions (covering poisoning,su?ocation, re response, ood control, etc.), 128 on-site drills for specic emergency handling, and 81 tabletop drills. Theseinitiatives covered all employees, with more than 6,500 participants.

The Company has established a safety responsibility system, ensuring 100% implementation of the List of Responsibilities forWork Safety Management and the List of Responsibilities for Safety Production Posts by having teams at all levels sign safetytarget liability statements. We require teams at all levels to sign safety target liability statements, every year, our assessmentteam evaluates how well departments meet their safety goals. In 2024, all departments (units) successfully achieved their safetytargets.

Safety Risk Management

Objectives and progress of work safety management

The minor injury rate per 1,000people is less than 2‰No serious injury or above safetyaccidentNo re liability accident100% pass rate of safetyeducation and training100% special operation andspecial equipment operatorsworking with certicates

AchievedAchievedAchievedAchievedAchieved

During the reporting period,

we have

obtained

the GB/T 45001-2020/ISO 45001 Occupational Health and SafetyManagement System Certication.

ObjectiveProgress in 2024

Sales Company

Pinchuang Technology Company

Distillery Company

Red Sorghum Company

Health Care Baijiu Company

Museum

Party Committee Work Department

Board O?ce

General Manager O?ce

Discipline Inspection and Supervision O?ce

Audit O?ce

Labor Union O?ce

Security Department

Enterprise Management and Development Center

Financial Management and Operation CenterAssets and Engineering Management Center

Legal Risk Control Center

Digital Development Center

Human Resources Management Center

Training Center

Corporate Culture CenterSupply Chain Management Center

Packaging Material Procurement and Supply Center

Quality Management Center

Work Safety Management CenterEcological Environment Protection Center

Chief Engineer's O?ce

Brand Image Management Center

Intellectual Property Protection Center

Tasting Innovation Center

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Safety management measures

Emergency drill of "unblocking life passage"Sharing session of "Safety Production Talk"

In 2024, Luzhou Laojiao organized a series of activities for "Work Safety Month", aimed at enhancing safety awareness andmanagement capabilities across all employees. The activities included "Leadership Team Model Learning", "Specialized Trainingfor All Employees", and "Team Sharing and Presentation", attracting 4,922 participants for learning and 4,427 participants ina competition. More than 70 team lectures were held, and the Company implemented 8 emergency drills (with more than 250participants) and 31 special plan drills (with over 1,000 participants).

Carrying out a series of activities in the "Work Safety Month"Case

Luzhou Laojiao places signicant emphasis on work safety training, regularly conducting sessions on general safety and reprevention for all employees. To further raise awareness, we also organize Work Safety Month and other safety initiatives.Safety Culture Development

Work safetyFire control management

Occupational health

●The Company organized health promotion activities such as the "Mini Marathon" and mobile health stations, implementedregular employee health examinations, distributed protective equipment based on identied hazard factors, and set up on-site warning signs.

At the same time, the Company ensures that contractors follow the same health and safety standards as employees. Contractorsare required to comply with national and local safety regulations and participate in specialized health and safety training.

On July 12, 2024, the Company invited Jin Zhengping, an expert from the China Chemical Safety Association, to conduct specialsafety management training for contractor management personnel, handlers, contractors’ unit leaders, and safety managementpersonnel. A total of 170 participants attended the training. Through on-site Q&A and training simulations, the session helpedcontractors understand safety legal requirements, management essentials, and performance obligations, assisting them inmanaging safety for the Company's contractors.

CaseContractor safety training

Special safety training on "Implementing SafetyResponsibilities and Escorting Enterprise Development"

CaseSpecial safety training on "Implementing Safety Responsibilities and Escorting EnterpriseDevelopment"

On July 1, 2024, the Company invited experts from the Departmentof Emergency Management of Sichuan Province to conduct aspecial training session on "Implementing Safety Responsibilitiesand Escorting Enterprise Development." Over 160 participantsattended the session in person, and more than 300 grassrootsemployees participated online. The training covered GeneralSecretary Xi Jinping's important views on work safety, the reasonsbehind China's focus on safety, the current safety situation, andcountermeasures, helping attendees understand their work safetyresponsibilities and improve safety management practices.

Launching ceremony of 119 Fire Publicity Month

On November 19, 2024, Luzhou Laojiao held a commemorative event for the 30th anniversary of the establishment of its full-time re rescue team and the 119 Fire Publicity Month at the re station in Huang'ai Distilling Ecological Park, with approximately200 employee representatives attending. Following the ceremony, the Company organized safety management personnel andvolunteer reghters for post-skill competitions and a public awareness campaign under the theme "Fire Safety for All, LifeAbove All," reaching all employees and improving their re safety awareness and skills.

Activities of 119 Fire Publicity MonthCase

●Implemented the "Six Major Actions" to improve the safetyquality of all employees. During the reporting period, theCompany carried out 97 safety training and legal learningsessions, improved governance processes to preventrisks, and organized 211 emergency plan drills;

●Installed various safety devices in baijiu warehouses,lling rooms, and other areas to ensure explosion-proof,lightning protection, and leakage prevention. Emergencyrescue equipment is provided and regularly tested andmaintained;

●Operators of special operations and special equipmentare required to work with certicates, with strict approvalprocesses for operations and emergency disposal plans.A safety management system for relevant parties is inplace to standardize the management of contractors andlessees.

●The merging, transformation and upgrading of fire controlrooms have been completed. The linkage control, manualcontrol, alarm signal display and other functions of a total of9 re control rooms in each area are integrated into 3 generalfire control centers. 44 full-time on-duty personnel in the firecontrol room have been reduced, and reghting facilities andequipment have been connected through the Internet of Thingsfor information sharing. Improve the intelligence level of firealarm system, and realize functions such as remote control ofre extinguishing system, remote monitoring of on-site status,analysis of re facilities and alarm information data;

●During the reporting period, the Company carried outspecialized fire prevention and control work, established firerescue teams and micro re stations, implemented 144 joint recontrol inspections and 33 abnormal weather patrols, provided26 emergency drill guidance services, participated in 39 internaland external emergency rescues, and regularly maintainedreghting facilities.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

"Provincial Safety Culture Construction

Demonstration Enterprise" award

"National Safety Culture Construction

Demonstration Enterprise" award

Luzhou Laojiao safety and health-related honor awards in 2024

In January 2024, the Company passed thereassessment as a "Provincial-Level SafetyCulture Demonstration Enterprise"

Recognized as a "National Safety CultureConstruction Demonstration Enterprise"

in March 2024

Work safety of Luzhou Laojiao in 2024

Safety training of Luzhou Laojiao in 2024Safety investment of Luzhou Laojiao in 2024

IndicatorUnitData of 2024Number of work-related deaths-employeesPerson0Number of work-related deaths-contractorsPerson0Proportion of work-related death rate-employees%0Proportion of work-related death rate-contractors%0Days lost due to work-related injuries-employeesDay320Days lost due to work-related injuries-contractorsDay30

IndicatorUnit

Data of2024Number of participants in safety drills/6,500Number of safety drills-employees/211Number of safety drills-contractors/41Total safety training hours-employeesHour85,356Total safety training hours-contractorsHour7,034Safety training coverage rate-employees%100Safety training coverage rate-contractors%100

IndicatorUnit

Data of2024Work safety input

RMB10,000

1,273.26Invested amount of workplacesafety and health Insurance

RMB10,000

2,462,641Coverage rate of employeeswith workplace safety andhealth Insurance

%100Invested amount of worksafety liability insurance

RMB10,000

Coverage rate of work safetyliability insurance

%100

The Company strictly adheres to the Law of the People's Republic of China on Prevention and Control of Occupational Diseases,the Occupational Health and Safety Management System Certication, and other laws and regulations, establishing comprehensivemanagement systems for employee health and safety. We provide annual health check-ups for all employees, manage occupationalhealth records, and conduct regular safety training to raise awareness and prevent occupational diseases. In 2024, healthexaminations covered 100% of employees, with no suspected occupational disease cases reported.

Occupational Health and Safety

Employee occupational health management measures

Occupationalhealth archives

management

Occupational

health

examination

and protection

Occupational

healthtraining

报告期内

员工接受培训总时长

297,070.57小时

人均受训时长为

88.90小时

In 2024,

health examinations covered

100%

of employees

with

no

suspected occupational disease cases reported

●The Company has established comprehensive occupational health recordsfor employers and employee health monitoring files, covering all aspects ofoccupational health. Through pilot programs, specialized training, and intelligentmanagement upgrades, it has achieved one-stop management for occupationaldisease prevention.

●Reassigned employees with occupational contraindications to suitable roles.Distributed personal protective equipment. Ensured 100% coverage of occupationalhealth examinations in 2024, including 138 pre-job employees, 2,032 on-dutyemployees, and 22 o?-duty employees;

●Equipped workshops with emergency medical kits for immediate medical support;

●The Company implements the principle of "prevention rst, combining preventionand control" throughout the occupational disease prevention process. It strictlyenforces the "Three Simultaneities" requirement for occupational hazard protectionfacilities, adopting new technologies, processes, equipment, and materials thatbenefit occupational health and worker safety. The Company prioritizes sourcecontrol in occupational disease prevention by innovatively applying advancedtechnologies such as simulation, automation, and online monitoring, therebyimproving working conditions, reducing labor intensity, and minimizing exposure tooccupational hazards.

●Organized a series of occupational health training sessions, including thoseorganized by superior administrative departments. Provided specialized training onworkplace injury prevention, le management, and occupational health in productionprocesses. Offered on-the-job education programs, strengthening employees’awareness and skills in maintaining a safe and healthy work environment.103104

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTFoster Diversity and Thrive Alongside Employees

Create Value and DriveProgress with the Industry

On the path of pursuing enterprise growth and industry progress, Luzhou Laojiao has continuouslydeepened its supply chain management. Through digital transformation, intelligent upgrades, and distillingtechnology innovation, we collaborate closely with industry partners to explore new opportunities fordevelopment.Supply Chain ManagementIndustry Leadership

Supply Chain Management

A stable supply chain is essential for sustainable business growth. Luzhou Laojiao focuses on enhancing supply chain e?ciency,strengthening supplier collaboration, and leveraging digital solutions to integrate resources across the entire supply network. Ourgoal is to build a exible, responsive, and well-connected supply chain that meets evolving market demands.

Luzhou Laojiao has formulated various management systems, including the Procurement Management Measures (Trial), theDetailed Rules for Supply Chain Collaborative Purchasing Management (Trial), the Detailed Rules for Supplier Database (Trial),the Administrative Measures for Packaging Material Supplier Database, and the Detailed Rules for Product Sales and LogisticsThird-party Operation. By continuously rening our supply chain framework, we standardize supplier management processes,promote e?ciency and transparency, and work toward a transparent, collaborative and sustainable supply chain system.

Supply Chain Management System

Supply chain management structure of Luzhou Laojiao

Procurement Supervision andManagement Committee O?ceLevel I

Guidance andDecision-making

Supervision and

Management

Organization andExecution

Level II

Level III

Procurement Supervision and Management Committee

Procurement Supervision and Management Department

Procurement Execution Department

Procurement Demand Department

Enterprise Management andDevelopment Center

Each Department (Unit)

O?ce of Luzhou LaojiaoDistillery Co., Ltd.

Full-time (Part-time) Procurement Personnel

Each Department (Unit)

O?ce of Luzhou LaojiaoSales Co., Ltd.

Supplier management process of Luzhou Laojiao in the full life cycle

Luzhou Laojiao pays close attention to building an integrity culture with its suppliers and actively promotes integrity-buildingactivities. In 2024, we conducted four anti-corruption training and awareness sessions, ensuring 100% supplier participation.Additionally, all suppliers signed the integrity agreement.

Supplierevaluation

Supplieraccess

Supplier management and certications of Luzhou Laojiao in 2024

GB 4806 national standards: It is a series of national food safety standards issued by the National Health Commission, which are mandatory regulationsgoverning the production and use of food contact materials and products.

Supplierwithdrawal

Supplier riskmanagement

IndicatorUnitData of 2024Total number of suppliers in the year/100Number of suppliers certied by the ISO 45001 occupational health and safetymanagement system

/51Number of suppliers certied by the ISO 14001 environmental management system/56Number of suppliers certied by the ISO 9001 quality management system/65

●Combining monthly KPI assessments with annual performance reviews to assess suppliers on quality,service, and innovation. Adjusting order allocation for the next cycle based on evaluation results;

●Continuously monitoring risk management, integrity, quality safety, and environmental performance,integrating sustainability metrics into the annual supplier assessment.

●Identifying risks related to quality, health, and environmental impact through internal audits and third-party testing, as well as classifying and monitoring ESG risks;

●Encouraging suppliers to invest in environmental initiatives to minimize the supply chain’s carbonfootprint.

●Triggering exit conditions if a supplier fails to meet performance standards or is involved in majorsafety violations, quality issues, illegal activities, nancial instability, or security risks. Assessing andconfirming these issues by relevant departments before instructing business units to terminate thesupplier relationship, and handling the necessary termination procedures.

●Conducting comprehensive evaluations of suppliers’ production capacity, quality control, costmanagement, R&D capability, financial health, industry position, willingness to collaborate, andcommitment to sustainability. Assessing alignment with the Company's strategic culture to collaborate;

●Requiring packaging material suppliers to hold quality management system certification. Suppliershandling food-contact materials must provide a food safety certificate and a third-party inspectionreport compliant with GB 4806 national standards

.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCreate Value and Drive Progress with the Industry

Maintaining a stable and resilient supply chain is essential for operational continuity and competitiveness. Led by the Supply ChainManagement Center, we have established a comprehensive risk management system that addresses: procurement contract risks,inventory risks, stockout risks, information risks, and emergency planning. The Company continuously optimizes the level of supplychain risk management.

Supply Chain Risk Management

Supply chain risk management mechanism of Luzhou Laojiao

Luzhou Laojiao strictly follows the Procurement Management Measures (Trial) to ensure clear procurement standardsand standardized processes. In bidding and procurement contracts, we explicitly define supplier responsibilities,including product quality, delivery timelines, after-sales services, and liability for contract breaches and compensationmechanisms to protect the legitimate interests of the Company.

Risk management of bidding and procurement contracts

Inventory counting: Routine inventory checks help maintain accurate records, detect discrepancies early, and preventerrors in decision-making caused by incorrect data.

●Inventory monitoring and early warning: The EWM

system tracks real-time inventory movements, storage locations,and quantity changes. Key indicators such as inventory levels, turnover rates, and quality are continuously monitored.If inventory levels exceed or drop below preset thresholds, the system sends alerts to business managers, ensuringtimely intervention and risk mitigation.

Inventory risk management

Sales demand planning: By leveraging big data analysis and market research, Luzhou Laojiao forecasts marketdemand for the next two cycles, adjusting production and supply plans to minimize stock shortages.

●Planning and scheduling optimization: The Company employs both MTO

and MTS

production models to ensuretimely market demand fulllment and the continuous supply of core products. Production processes and schedulingare optimized based on sales demand and production capacity, enhancing responsiveness and production e?ciency.

●Production capacity guarantee: We continuously enhance automation and intelligent manufacturing, increase capacityreserves, and improve equipment maintenance and management to maintain stable production.

●Diversied logistics supplier cooperation: We collaborate with multiple logistics providers to utilize road, rail, water,and air transport, ensuring exible resource allocation based on regional needs, product types, and delivery timelines.This approach reduces reliance on a single supplier and helps mitigate transportation risks e?ectively.

Out-of-stock risk management

EWM: Extended Warehouse Management.

MTO order-based production: Make to Order refers to the production model in which enterprises begin manufacturing products only after receivingcustomer orders.

MTS reserve production: Make to Stock refers to the production model where enterprises manufacture products in advance based on market demandforecasts, store them in warehouses, and deliver goods directly from inventory upon receiving customer orders.

MES: Manufacturing Execution System.

OTB: The integration of the three modules—OMS (Order Management System), TMS (Transportation Management System), and BMS (Billing andmanagement system).

●To address potential supply chain risks, detailed emergency plans should be developed, with clearly definedemergency response processes and measures, ensuring a rapid and e?ective response when risks occur. In 2024,we introduced the Emergency Plan for Peak Season Supply Chain Development ahead of the sales peak, securingproduction and logistics support to maintain a stable product supply.

Emergency plan

Data collection integration: Achieve real-time data collection, transmission, and sharing through systems like MES

,the production exception management platform, EWM system for warehousing and OTB

system for logistics andtransportation, ensuring accurate and timely supply chain information.

●Information authority management: Clearly dening the permissions and responsibilities of di?erent users within eachinformation management system in the supply chain domain, ensuring that only authorized personnel can accessand operate relevant information, thus preventing information leakage and misuse. At the same time, classifying andcategorizing the data in the supply chain information management system, setting access permissions based on datasensitivity and importance, to ensure information security.

Information risk management

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCreate Value and Drive Progress with the Industry

Luzhou Laojiao attaches great importance to supply chain digitalization and has set clear strategic goals in its 14th Five-Year Plan.Guided by the principles of "online, data-driven, intelligent, and ecological" development, we drive digital transformation acrossupstream and downstream industry chains, ensuring logistics visibility and intelligent operations. Through initiatives such as digitalproduction lines, information platforms, intelligent packaging centers, and the "one product, one code" management system, wehave signicantly improved production e?ciency, enhanced transparency, and strengthened traceability at every stage of the supplychain. In 2024, Luzhou Laojiao was recognized as an "Intelligent Manufacturing Benchmark Enterprise" by the China ElectronicsStandardization Institute under the Ministry of Industry and Information Technology.

Digital and Intelligent Supply Chain

Digital and intelligent supply chain process of Luzhou Laojiao

Relevant measures of the Company to enhance suppliers' capability

Became the rst company in China tointegrate upstream and downstreamsupply chains, including packagingmaterials, logistics, and lling, withLuzhou Laojiao at the center.

Focused on standardization anddigitalization of supply chain processes.Established a collaborative productionand marketing system. Restructuredthe logistics network and implementeda comprehensive information systemcovering the entire industry chain.

Leveraged the Intelligent PackagingTechnology Transformation Projectto achieve full automation and digitalmanagement of the supply chain,creating an intelligent supply chain.

Luzhou Laojiao Intelligent Packaging Center

Luzhou Laojiao Intelligent Packaging Center, the industry's rst "Lighthouse Factory"—standard facility, was established withan investment of RMB 2.136 billion. The center uses AI technology for quality inspection, introduces digital twin technologyto simulate real-world operations and optimize design, and employs cloud computing for data storage, analysis, and sharing.Additionally, the center leverages the Industrial Internet of Things (IIoT) for equipment interconnectivity.In terms of production processes, the Intelligent Packaging Center implements digital intelligence in key stages such as materialloading, lling, boxing, coding, and quality inspection. This has greatly improved both production e?ciency and product quality,and has enabled the integration, intelligence, and informatization of baijiu production, packaging, warehousing, and logisticsdistribution. Furthermore, the center supports enterprise decision-making by using big data analysis, predictive maintenance,and intelligent decision support, setting a new benchmark for the intelligent transformation of the baijiu industry.

CaseLuzhou Laojiao Intelligent Packaging Center

Phase III(2021-Present)Phase I(2005-2009)

Phase II(2011-2020)

Luzhou Laojiao is committed to strengthening its supply chain capabilities through active collaboration with suppliers. We provideplatforms for knowledge sharing and technical exchanges by hosting regular logistics performance meetings, peak seasonguarantee kick-o? meetings, inventory check meetings, special training sessions, technical exchange meetings, and supplierconferences. These initiatives allow suppliers to showcase products, exchange experiences, and share industry insights,fostering mutual growth across the supply chain. In 2024, we conducted 46 hours of ESG-related training, covering 48 supplierson key topics such as work safety, resource conservation, and anti-corruption.

Supply Chain Empowerment

In 2018, Luzhou Laojiao o?cially adopted the "One Product, One Code" system and initiated the integration of three codes.This allowed for direct communication with terminals and consumers, enabling real-time tracking of sales data and scanningresults. In 2023, to respond to increasing market competition, Luzhou Laojiao undertook a digital system reform for allproducts, upgrading the three-in-one system to a five-in-one system. This included associating the pallet code, box code,bottle code, and inner cap code with the product, thus enabling comprehensive digital management of the supply chain andsignicantly improving management e?ciency. In 2024, the Company empowered its factory to establish a closed-loop datasecurity management system using the "One Product, One Code" system, eliminating data security risks and enhancing themanagement of code lifecycle data security.

CaseLuzhou Laojiao's "Code System"

In 2024,

we conducted

hours of ESG-related training on key topics such aswork safety, resource conservation, and anti-corruption

covering

suppliers

Organizing supplier visits to leading enterprises to learn best practices and improve operational management.

●Inviting top industry experts to provide training and case studies, o?ering insights into delivery management andprocess optimization.

●Recommending advanced equipment manufacturers and providing suppliers with more reference and guidancefor improving their own equipment.

●Sharing management experience and using practical case studies to address product quality issues, fosteringcontinuous improvement.

●Assisting suppliers in implementing visual inspection automation and intelligent packaging equipment, reducingmanual labor, improve product quality, and enhancing delivery quality, ultimately raising industry-wide packagingstandards in the baijiu sector.111112

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCreate Value and Drive Progress with the Industry

In 2024, Luzhou Laojiao held its annual Packaging Material Supplier Conference, where the Company shared with suppliers thecurrent state of development, innovative practices, best experiences, challenges, and future trends in the alcoholic beveragepackaging industry. The conference also aimed to explore how to achieve innovation-driven development, digital intelligence-powered manufacturing, and lean quality assurance.The conference emphasized that in 2024, the Company conducted joint commissioning and testing of the intelligent packagingcenter and introduced new requirements for various nodes in the supply chain. The Company urged packaging materialsuppliers to increase investments in product research and development, production management, and quality inspection basedon lessons learned from the test line's filling production. The goal is to align with the Company’s intelligent manufacturingdevelopment, building an integrated, end-to-end supply chain ecosystem. The conference also shared and discussedtopics such as packaging material guarantees, informatization implementation, progress on intelligent packaging centers,and packaging material automation achievements, making further strides in the exploration and systematic planning for theharmonious development of both suppliers and the Company.

Luzhou Laojiao Packaging Material Suppliers Conference in 2024

CaseLuzhou Laojiao Packaging Material Supplier Conference in 2024-lighthouse leads the futureof manufacturing

In addition, Luzhou Laojiao actively implements a "localized procurement" strategy, leveraging regional resources to supportlocal economic growth. In 2024, 60% of the Company's suppliers were Luzhou City (local), and local suppliers accounted forover 90% of the total annual procurement settlement, and suppliers from the baijiu industry park contributed to 85% of the totalannual procurement amount.

In 2024,

Luzhou Laojiao's participation in the formulation of industry and national standards

Project approval of Luzhou Laojiao provincial-level projects in 2024

National/

Localstandards

Association

standards

Industrystandards

Luzhou Laojiao project acceptance in 2024Project NameProject TypeCoupling Utilization Technology of Thermochemical Energy and Recycling ofBrewing Waste

National Key R&D ProgramStudy on the Expression Regulation of Key Genes of CharacteristicMicroorganisms in Chinese and Japanese Distilled Yeast and Its QualityImprovement in China

Sub-topics of National Key R&D ProgramConstruction of Sichuan Solid Distilling Technology Innovation Center

Special funds for local science and technologydevelopment guided by the central government

Project NameProject TypeSpecial FundsStudy on the Structure and Metabolic Function of High-Temperature Daqu Fermentation Flora Based on Multiomics

Second batch of provincial projects

in 2024

RMB 200,000Development and E?cient Utilization Technology of MicrobialGermplasm Resources for Solid Distilling

2024 local fund project guided by the

central government

RMB 2 millionStudy on Environmental Factors and Inuencing Mechanism ofConstruction of Functional Microbial Community in Cellar Mud

First batch of provincial science andtechnology plans in 2025

RMB 200,000

local suppliers accounted for over90%

of the total annualprocurement settlement

and suppliers from the baijiu industry park contributed to85%

of the total annual procurement amount

Industry LeadershipAs a leader and innovator in the baijiu industry, Luzhou Laojiao promotes standardization and sustainable growth by contributingto the formulation of national and industry standards, exploring the boundaries of baijiu distilling techniques, participatingin scientific research and development projects, engaging in industry-academia-research cooperation, and facilitating theconversion of scientic and technological achievements.

Greenhouse Gas Emissions Accounting and Reporting Requirements for Baijiu Enterprises(T/CBJ 2206-2024)

●Specication for Carbon Footprint Assessment of Baijiu Products (T/CBJ 2207-2024)

●Production Process Control Requirements for Flexible Packaging Printed Products of GreenPrinting Foods (CY/T 274-2024)

●Green Factory Evaluation Requirements for Baijiu Industry (QB/T 5935-2024)

●Liquor Quality Requirements-Part 4: Sauce-avored Baijiu (GB/T 10781.4-2024)

●Implementation Guide for Green Supply Chain Management of Green ManufacturingEnterprises (GB/T 43902-2024)

●General Rules for Restricting Overpackaging of Commodities (GB/T 31268-2024)

●Industrial Water Quota Part 15: Baijiu (GB/T 18916.15-2024)

●General Technical Requirements for Bottled Baijiu Filling Line (GB/T 44832-2024)

●Guidelines for Material Labelling in Food Production (GB/T 44135-2024)

●Technical Specification for Product Carbon Footprint Assessment of Strong-aroma Baijiu(DB51/T 3209-2024)

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCreate Value and Drive Progress with the Industry

Industry-university-research cooperation of Luzhou Laojiao

Top Ten Scientic and Technological Innovation Achievements from 2015 to 2024

Among these achievements, three key innovations have tackled major technological challenges in precise baijiu production.These breakthroughs have lled the gap in fully automated production technology and equipment in the distilling industry. Theyalso set a new standard for intelligent and precise distillation of strong-avored baijiu, driving technological advancement andindustry transformation.

Amid a new wave of technological advancement and industrial transformation, Luzhou Laojiao has made major breakthroughsin intelligent production, solidifying its leading position in smart distilling within the baijiu industry. This year, Luzhou Laojiaoannounced its "Top Ten Scientic and Technological Innovation Achievements from 2015 to 2024."

Research and Application of BrewingMicroorganisms

Development and Application of Key Technologies for High-Comfort Tea-Infused BaijiuR&D and Application of Cellar MudReplication Technology

R&D and Application of Sauce-Aroma Baijiu TechnologyR&D and Application of Intelligent DistillingTechnology

Coupled Utilization Technology for Thermochemical Energy

Conversion and Resource Recovery from Distilling WasteR&D and Application of Intelligent BaijiuYeast Production Technology

Research and Application of Baijiu Science Popularization

CultureResearch and Application of IntelligentPackaging Technology

R&D and Application of Supply Chain Technology Based on

Digital RMB

The Company has carried out university-enterprisestrategic cooperation with Tsinghua University and otheruniversities. Eight joint research centers have beenestablished, focusing on cutting-edge technologiessuch as intelligent distilling and green distilling. Thiscollaboration has e?ectively promoted the application oftechnologies in related elds.

Luzhou Laojiao has deepened its cooperation withuniversities in joint training for master's and doctoraldegrees. It has hired 17 part-time tutors from universitiesand trained 88 postdoctoral fellows, 32 doctoral students,and over 200 master's students, thereby advancingthe cultivation of high-level, interdisciplinary talents. In2024, 40 new postdoctoral fellows joined the Company’spostdoctoral research workstation, and there are currently17 doctoral candidates and 37 master's students enrolled.

"R&D and Application ofIntelligent Distilling Technology"

"R&D and Application of IntelligentBaijiu Yeast Production Technology"

"Research and Application ofIntelligent Packaging Technology"This breakthrough marks therst achievement in full-processprecision distilling technology.The complete set of intelligentdistilling equipment developed hasbeen successfully implementedat a 100,000-tonne per yeardistilling base, setting an industrybenchmark for intelligent distilling.

Pioneering the three-dimensionalfermentation mode of Daqu,Luzhou Laojiao has independentlydeveloped 8 intelligent systems,automating the entire baijiu yeastproduction process. The Companyhas established the largest andmost intelligent Daqu productionline in the industry.

The Company pioneered a high-speed rotary, precision-positioning,fully automated baijiu boxingsystem and launched a supplierdigital twin platform. In a landmarkdevelopment, the industry’s rstsmart packaging center built tothe “Lighthouse Factory” standardo?cially commenced operations.

Jointly building a joint research centerCooperating to cultivate high-end talents

Waste resource recovery and circular utilization

In 2024, Luzhou Laojiao, in collaboration with Tsinghua University, Sichuan University, Harbin Institute of Technology, ChinaAgricultural University, Southwest University, and other institutions, successfully passed the national acceptance for the keyR&D project "Coupled Utilization Technology for Thermochemical Energy Conversion and Resource Recovery from DistillingWaste," under the Ministry of Science and Technology. This project is the rst national key R&D initiative in the liquor industryled by an enterprise.The project has successfully overcome two key technologies: coupling thermochemical energy with drying and the distillationprocess, as well as coupling thermochemical soil improvement materials with green planting. It has developed equipment for thecoupled utilization of thermochemical energy and resources from distilling waste, contributing 13 invention patent applications,20 high-quality academic papers, and 5 enterprise standards and 3 local standards to the industry.The project team has built the industry's rst "DemonstrationProject for Coupled Utilization of Energy and Resourcesfrom Distilling Waste" with an annual processing capacity of100,000 tonnes. The project achieved a recycling rate of over90% for distilling waste and more than 95% for gas energy,thus filling a technical gap in the thermochemical treatmentof distilling waste. This project has realized a material cycleof "distilling waste - biochar - sorghum planting - distillationproduction," promoting the sustainable development ofindustrial and agricultural cycles and accelerating the greentransformation of the entire distilling industry.

Case"Coupled Utilization Technology for Thermochemical Energy Conversion and ResourceRecovery from Distilling Waste" project successfully passed the national acceptance

New microbial species

Luzhou Laojiao, in collaboration with the Institute of Microbiology, Chinese Academy of Sciences, Jiangnan University, and otherleading institutions, utilized modern molecular microecology, metabolomics, and biomics culture technologies to systematicallyanalyze the microecological characteristics of distilling in 1573 national treasure cellar groups. By establishing an industry-leading resource library of distilling microbial strains, the research team successfully discovered seven new microbial species,conducted systematic identification and flavor analysis of thousands of strains, completed whole-genome sequencing of210 strains, and performed diversity analysis of thousands of distilling samples. The research first revealed the microbialfermentation law of "zoned co-fermentation and synergistic aroma production" and claried for the rst time the microecologicalmechanisms of "mud cellar fragrance" and "old cellars produce high-quality baijiu." Based on this, the "multi-bacterial co-fermentation" cellar mud cultivation technology was developed, allowing for the precise replication of distilling microecology.

CaseDistilling microbial strain resource bank

These innovations have been successfullyapplied in the 20,000 cellars at theHuangqi Distilling Ecological Park. Thebase liquor quality is comparable to thatproduced in cellars over 30 years old, andthe results were recognized as being atthe "internationally leading level" by theexpert group of the China National LightIndustry Council. Luzhou Laojiao wonthe rst prize at the 2023 Sichuan PatentAward and the Excellence Award at the2024 China Patent Award.115116

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTCreate Value and Drive Progress with the Industry

Preserve Cultural Heritageand Advance with Society

Luzhou Laojiao plays an active role in social responsibility, making meaningful contributions throughpractical actions. While preserving and passing down its brand heritage, the Company works closely withvarious sectors to promote cultural development and social harmony.Community EngagementInheriting Baijiu Culture

Industry Assistance

The Company invested RMB 1.065 million to assist Hongyuan County in establishing the "YakGrassland Enterprise Store" on the Douyin live streaming platform. During the live broadcast,sales exceeded RMB 1 million, effectively boosting the county's yak industry. Additionally,the Company proactively engaged in "bulk group purchases" and "buy-to-donate programs",spending RMB 1.7606 million on local specialty products such as yak milk powder and jerky,and RMB 220,000 on highland specialty rice from Xiangtian Village. These actions strengthenedproduction-to-sales partnerships in rural revitali·zation, strengthened the collective economy,and increased farmers' incomes. The Company expanded its sustainable empowerment model,distributing 5,000 chicks in Xiangtian Village and helping 294 households generate approximatelyRMB 500,000 in additional income.

Community Engagement

While pursuing excellence in baijiu production, Luzhou Laojiao remains committed to corporate social responsibility. Throughinitiatives in rural revitalization, environmental protection, and cultural preservation, the Company contributes to social stabilityand development while enriching its own brand identity and cultural value.

Rural Revitalization

Luzhou Laojiao rural revitalization support activities

Talent Assistance

Ecological Assistance

Cultural Assistance

Public Welfare Assistance

To encourage rural students to pursue their studies, the Company provided RMB 160,000 inscholarships to 32 college freshmen from Guntang and Xiangtian villages in 2024, helpingthese students realize their university aspirations. In Xiangtian Village, a "charitable teaching"activity was launched, o?ering school uniforms and support to underprivileged students, aimingto break the cycle of intergenerational poverty. Committed to the critical task of "combatingschool dropout rates and ensuring education equity," the Company invested RMB 266,700to organize summer camp activities for 32 teachers and students from Hongyuan County.An investment of RMB 100,000 was made to implement a youth talent training program inHongyuan County, where experts conducted e-commerce training and practical sessions forover 50 entrepreneurial youths, cultivating a skilled, locally rooted workforce.

In November 2024, the Company allocated RMB 70,000 to add nine 2.5-cubic-meterdetachable garbage trucks in Hongyuan County, establishing a comprehensive village-widewaste collection and transportation network. This e?ort aimed to create a clean, beautiful, andcomfortable living environment for the villagers.

The Company also invested RMB 95,000 to support festival and cultural activities in GuntangVillage, Hongyuan County, promoting the widespread dissemination and orderly inheritance ofintangible cultural heritage such as Baiwang Folk Singing and Instrumental Performance andTibetan opera. These e?orts actively promoted traditional local and Tibetan cultures, enrichingthe spiritual and cultural lives of the herders.

Upholding the principle of "doing practical things for the people," the Company addressedover 20 urgent issues, including medical care and removal of frozen soil for villagers inassisted areas. An investment of RMB 50,000 was made to purchase quality coal for 100impoverished families, and over RMB 100,000 was spent on New Year gifts for more than400 households, ensuring villagers had a warm winter. Furthermore, the village work teamactively fulfilled its duties, completing safety inspections for all impoverished households,assisting village committees in winterizing water pipes, and supporting the consolidation of the"Three Guarantees" (housing, education, and healthcare) and drinking water safety, e?ectivelyimplementing various people-friendly measures.

Rural Cultural Festival in Guntang Village, Hongyuan County

In 2024,

the Company investedRMB

3.5439

million in various assistance projects

beneting over

4,460

villagers

In 2024, Luzhou Laojiao resolutely implemented the national rural revitalization strategy and followed directives from theprovincial and municipal party committees and governments regarding foundational and targeted assistance. Leveraging itsfinancial, technical, talent, and management advantages, the Company invested RMB 3.5439 million in various assistanceprojects, and carried out more than 10 high-quality programs in terms of industrial, educational, employment, consumption,talent support, and rural cultural development, beneting over 4,460 villagers. The Company focused on consolidating povertyalleviation achievements and e?ectively connecting them with rural revitalization e?orts.

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTPreserve Cultural Heritage and Advance with Society

In 2024, the Company demonstrated its commitment as a state-owned enterprise by actively engaging in public welfare e?orts,including donation initiatives such as “Small Backpacks, Big Love” and the “Pillar Project,” as well as programs like the “LuzhouLaojiao Scholarship,” the “Luzhou Laojiao Golden Chalk Award,” and the “Luzhou Laojiao & University of Electronic Scienceand Technology of China Education Development Fund.” These e?orts aim to recognize outstanding educators and supportthe growth of promising students. The Company also organized a wide range of volunteer activities, including charity sales,voluntary blood donations, and tree planting. Over the year, 2,664 employees participated in 120 volunteer events, contributingmore than 1,200 service hours in total. During the reporting period, the Company’s total charitable investment amounted to RMB

11.49 million.

Public Welfare Initiatives

In 2024,

Volunteer service activity for charity sale

From October 16 to 17, 2024, the Luzhou Laojiao Youth League Committee, in collaboration with the Jiangyang XiangyangComprehensive Service Center for the Disabled, jointly organized a volunteer service activity titled "Charity Bazaar to DeliverLove and Helping the Disabled." A total of more than 360 handcrafted items were sold, raising over RMB 7,300. Additionally,more than 200 pieces of clothing and over 60 books were donated. After the event, all proceeds and donations were handedover to the Xiangyang Comprehensive Service Center for the Disabled, providing tangible assistance to the disabled community,improving their quality of life, and promoting broader societal attention and support for the cause of people with disabilities.

Case"Charity Bazaar to Deliver Love and Help the Disabled" volunteer service activity

2,664

volunteers engaged

The Company's total investmentin public welfare amounted toRMB

11.49

millionTotal volunteer service hoursexceeded

1,200

On March 12, 2024, Luzhou Laojiao organized over 50 young volunteers for a tree planting activity, "Meeting in Spring toContribute to the National Ecological Garden City by Planting Trees," e?ectively promoting ecological civilization and contributingthe youthful energy of Luzhou Laojiao to the comprehensive development of the National Ecological Garden City in Luzhou.In response to Luzhou’s “Small Backpacks, Big Love” initiative, the Company supported children from underprivileged familieswho demonstrate academic motivation, resilience, and condence by donating RMB 100,000 in January 2024 to the LuzhouBranch of the Sichuan Poverty Alleviation Foundation, a legally registered public welfare organization.

To foster collaborative development and mutual benet between the Company and academia, Luzhou Laojiao entered into adonation agreement with the University of Electronic Science and Technology of China in 2023 to establish the “Luzhou Laojiao& University of Electronic Science and Technology of China Education Development Fund.” In accordance with the agreement,the Company donated RMB 2 million to the University’s Foundation in 2024 to reward exceptional teachers and students.

To advance education in Luzhou and embody its corporate social responsibility of “funding education and giving back to thecommunity,” the Company donated RMB 810,000 to Luzhou High School in 2024 under the “Luzhou Laojiao HongzhangTeaching and Scholarship Fund” agreement signed in 2021.

Case

Case

Case

Case

Meeting in Spring to Contribute to the National Ecological Garden City by Planting Trees

Supporting Luzhou’s “Small Backpacks, Big Love” public welfare initiative

Donation to the University of Electronic Science and Technology of China EducationDevelopment Foundation

Donation to the “Luzhou Laojiao Hongzhang Teaching and Scholarship Fund” at Luzhou HighSchool

Volunteer tree planting activity

In 2024, Luzhou Laojiao

recognized as "Top Ten PublicWelfare Enterprises in Sichuan"

by Sichuan Dailynamed "Outstanding DonorEnterprise" by Luzhou City,

Sichuan Province

received the "Compassionate CharityAward" honorary medal from the GansuProvincial Charity Federation

volunteer service activities held

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTPreserve Cultural Heritage and Advance with Society

Inheriting Baijiu Culture

Luzhou Laojiao, as an outstanding inheritor of Chinese liquor culture, blends ancient distilling techniques with modern innovation,ensuring the legacy of baijiu culture thrives. Beyond preserving traditional craftsmanship, the Company actively engages thepublic through cultural festivals, craft exhibitions, and tasting events, making baijiu culture more appreciated. By using baijiu asa cultural bridge, Luzhou Laojiao connects past and future, tradition and innovation, sharing the richness of Chinese culture withthe world.

Guided by the corporate philosophy of "co-distilling with nature, coexisting in harmony," the Luzhou Laojiao brand is deeplyrooted in its cultural heritage. From the historic 1573 National Treasure Cellars to its corporate spirit of "respect, dedication,innovation and excellence," Luzhou Laojiao integrates tradition with innovation. Dedicated to creating a unique and unparalleledbrand culture, Luzhou Laojiao continuously refines its brand identity and remains committed to preserving and sharing theessence of Chinese baijiu culture globally.

Shaping Brand Culture

Corporate Mission

Wherever Chinese people go,let them savor Luzhou Laojiao

Corporate Spirit

Respect and dedicationInnovation and excellenceCorporate PhilosophyCo-distilling with natureCoexisting in harmony

Corporate Philosophy SloganGrowing with societyThriving with natureCoexisting with humanity

Corporate VisionBe a giant in the Chinese Baijiu industryBe a agbearer of Chinese Baijiu culture

Core ValuesInherit culture Continuously innovateFocus on customers Create wealth

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTPreserve Cultural Heritage and Advance with Society

From September 11 to 17, 2024, the 8th China Liquor City · Luzhou Laojiao Culture and Art Week was grandly held in Luzhou,Shanghai, and other locations. The event brought together over 300 domestic and international guests from fields such aspoetry, prose, novels, painting, and music, including renowned writers like Jidi Majia and Alai, as well as literary representativesfrom South Africa, France, and other countries. Through a series of vibrant literary and cultural exchange activities, includingpoetry recitations, theme painting exhibitions, and symphony concerts, the Art Week not only showcased Luzhou's profoundhistorical and cultural heritage but also promoted dialogue between Chinese and international poetry cultures, further enhancingthe global inuence of the Luzhou Laojiao brand. The event attracted thousands of participants both online and o?ine, withover 47 million news exposures, successfully establishing Luzhou as a city renowned for poetry and liquor culture, achieving amultifaceted impact on cultural inheritance, brand enhancement, and social resonance.

On March 11, 2024, in Fenghuang Mountain, Luzhou City, Sichuan Province, the senior management team of Luzhou Laojiao,together with Cultural Ambassador Jackie Chan and over 1,000 guests, as well as millions of online viewers, jointly held theStorage Ceremony for National Cellar 1573. This ceremony celebrates the 700-year milestone of the uninterrupted transmissionof traditional distilling techniques in Luzhou Laojiao. Through sacrificial rituals, sealing, and other activities, it inherits andcontinues the traditional wine culture of Luzhou, showcasing Chinese wine rituals. The ceremony not only reinforced the brandimage of Luzhou Laojiao as "the originator of strong aroma, enduring through time," but also launched two commemorativelimited-edition products—Qilin Qi and Strong Aroma 700 Years, representing the innovative IP of China’s strong aroma baijiuculture. Additionally, through multi-angle and multi-channel communication strategies, and with the support of influentialguests such as Jackie Chan, the ceremony generated over 440 million impressions. It dominated trending topics on Weibo,topped Douyin's recommendation list, and reached 9.6 million people through live streaming, achieving outstanding culturalcommunication results and social inuence.

Luzhou Laojiao Culture and Art Week in 2024

CaseThe 8th China Liquor City · Luzhou Laojiao Culture and Art Week at the 2024 InternationalPoetry & Liquor Culture Conference

CaseLuzhou Laojiao Storage Ceremony in 2024

Luzhou Laojiao Storage Ceremony in 2024

"Cellar Master Festival" activity of Luzhou Laojiao

In 2024, Luzhou Laojiao successfully held the "Cellar Master Festival" in Chengdu, Xi'an, Qingdao, Guangzhou, and other cities.The event featured an intangible cultural heritage fair, sports interaction zones, immersive experiences such as the 700-yearhand-painted scroll and 360° panoramic screen performances, e?ectively combining entertainment with cultural engagement.The festival attracted a large number of consumers, deepening their understanding of the "Cellar Master Festival" IP and theidentity of the cellar masters, fostering greater interaction and harmony between the brand and consumers. Furthermore,leveraging celebrity influence, regional opportunities, and the company’s extensive membership base and media presence,each "Cellar Master Festival" event attracted over 12,000 participants on average, with more than 8,000 new members. Thetotal online exposure and views surpassed 100 million and 119 million, respectively, while the overall communication reachexceeded 219 million. The event garnered numerous awards in the advertising industry, achieving both increased brand visibilityand positive word-of-mouth.

Case2024 Luzhou Laojiao "Cellar Master Festival" activity

Luzhou Laojiao Floating Museum

In 2024, Luzhou Laojiao launched the innovative cultural project "Floating Museum." Leveraging the brand resources of theLuzhou Laojiao Museum, the Company held 86 colorful cultural events in 25 major cities across China, featuring four coreactivities: museum exhibitions, lecture halls, cultural interactions, and banquets. The initiative successfully showcased thebrand's cultural resources and historical legacy, facilitated culture-driven sales, promoted product sales across the entire range,attracted large numbers of consumers, and signicantly boosted brand inuence and loyalty.

CaseLuzhou Laojiao Floating Museum

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTPreserve Cultural Heritage and Advance with Society

"Moonlight of Spring River" China Liquor City · Intangible Cultural Heritage Night

In 2024, celebrating the 700th anniversary of the uninterrupted inheritance of traditional distilling techniques, Luzhou Laojiaoheld the "Moonlight of Spring River" China Liquor City · Intangible Cultural Heritage Night in Luzhou, a city of baijiu. This eventfeatured ve rst-batch national intangible cultural heritage techniques, including the traditional distilling techniques of LuzhouLaojiao, Peking Opera, Huizhou ink, Jingdezhen porcelain making, and Wudang martial arts. Through immersive interactiveexperiences and exhibitions at the intangible cultural heritage fair, alongside performances blending classic Chinese culturewith contemporary trends, the event vividly showcased the depth and rejuvenation of intangible cultural heritage. It successfullyestablished Luzhou Laojiao as a cultural hub for displaying China's baijiu intangible cultural heritage techniques, bringing theenduring legacy of China’s intangible cultural heritage into the modern era.

Case"Moonlight of Spring River" China Liquor City · Intangible Cultural Heritage Night

Luzhou Laojiao carries forward a profound and unique cultural legacy. The "1573 National Treasure Cellars," which havebeen operational for 451 years, and the "Traditional Distilling Techniques of Luzhou Laojiao," passed down for over 700 years,represent the Company's "two living national treasures."

Inheriting Cultural Heritage

"Traditional

DistillingTechniquesof LuzhouLaojiao"

"1573

National

Treasure

Cellars"

Completion of the stone tablet "Origin of China's Strong-aroma Baijiu" at the Guojiao Plaza

On August 10, 2024, the second season of "China'sIntangible Cultural Heritage," a cultural program exclusivelysponsored by Luzhou Laojiao, was launched. Theprogram, following the creative concept of "ideology + art+ technology," showcases the inheritance and innovativedevelopment of intangible cultural heritage projects in thenew era. In the first Sichuan episode of the program, thetraditional distilling techniques of Luzhou Laojiao werefeatured alongside Emei martial arts, Sichuan figuredsatin, Daoming bamboo weaving, and other ICH projects,allowing audiences to experience the vibrant charm ofintangible cultural heritage through the camera.As a prominent representative of intangible cultural heritage in the baijiu industry, Luzhou Laojiao once again joined forces with"China's Intangible Cultural Heritage" Season 2 to promote the unique charm and deep roots of traditional Chinese culture. Theprogram wonderfully narrates the stories of the inheritance and innovation of various ICH projects, allowing the audience todeeply experience the enduring vitality and time-honored renewal of intangible cultural heritage while enjoying the cultural feast.

Luzhou Laojiao joins hands again with "China's Intangible

Cultural Heritage" program

CaseLuzhou Laojiao joins hands again with "China's Intangible Cultural Heritage" program

Honors of Luzhou Laojiao cultural heritage inheritance in 2024

"National Treasure Journey: Experiencing Living

Intangible Cultural Heritage" won the title of"Outstanding Case of Integration of Intangible

Cultural Heritage and Tourism"

Awarded as the "National Intangible CulturalHeritage Productive Protection Demonstration

Base (2023 to 2025)""Living Two National Treasure: The StrongFragrance of Chinese Liquor Culture" won thenomination for "Top Ten Cultural Brands of State-owned Enterprises in Sichuan Province"

Included in the "Double Pilot" List for CulturalHeritages in Sichuan ProvinceO?cially certied as the "Origin of China's

Strong-aroma Baijiu"

Rated as "Excellent" in the re-evaluation ofSichuan's Intangible Cultural Heritage Protection

and Inheritance Bases

The "Traditional Distilling Techniques of Luzhou Laojiao" originated in the Qin and HanDynasties and were refined and perfected across the Yuan, Ming, and Qing Dynasties.Passed down through 24 generations, these techniques have been continuously inheritedfor 700 years and are known as "living skills" in the distilling industry. In May 2006, as arepresentative of strong-aroma baijiu, the technique was included in the rst batch of NationalRepresentative Works of Intangible Cultural Heritage.

●In 1996, the State Council designated the "1573 National Treasure Cellars" as a "NationalKey Cultural Relics Protection Unit," earning it the title of "National Cellars".

●In 2006, the National Cultural Heritage Administration of the People's Republic of Chinaincluded the Luzhou Laojiao "1573 National Treasure Cellars" in the Tentative List of WorldCultural Heritage Sites as a "living cultural relic" for baijiu distilling.

●In 2013, Luzhou Laojiao's Old Cellars, with more than 100 years of history, along with 16ancient distilling workshops from the Ming and Qing Dynasties, and three natural liquorstorage caves (Chunyang Cave, Longquan Cave, and Zuiweng Cave), were included as"National Key Cultural Relics Protection Units".

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTPreserve Cultural Heritage and Advance with Society

Appendices

List of ESG Policies and Regulations Followed

SectionsLaws and RegulationsInternal Systems

Operate with Integrity and Uphold Shared Responsibility

CorporateGovernance

Company Law of the People'sRepublic of ChinaSecurities Law of the People'sRepublic of ChinaGuidelines for the Articles ofAssociation of Listed Companies

Articles of AssociationRules of Procedure for General Meeting of ShareholdersRules of Procedure for the Board of DirectorsRules of Procedure for the Board of SupervisorsInformation Disclosure Management SystemInvestor Relations Management SystemCompliance Management Measures

BusinessEthicsand Anti-corruption

"Three Early Warnings and Three Cards" Integrity Alert MechanismRegulations on Management of Employee IntegrityMeasures for Integrity Review in O?cial Selection and AppointmentInterim Provisions on Middle-Level O?cial AccountabilitySeveral Provisions on Middle-Level O?cial Integrity ComplianceO?cial Management MeasuresAdministrative Measures for Tangible and Monetary GiftsAdministrative Measures for Integrity Supervisors (Trial)Detailed Rules for the Supervision of the Discipline InspectionCommittees of Primary-Level Party Organizations (Trial)Administrative Measures for Letters and Visits ReportingBasic Standards for Enterprise Internal ControlGuidelines for Evaluation of Enterprise Internal ControlGuidelines for Audit of Enterprise Internal Control

InformationSecurityand PrivacyProtection

Network and Information Security Management System (Trial)Internet Access Behavior Management SpecicationDetailed Rules for the Use and Management of IT TerminalEquipmentDomain Name Management RegulationsComputer Room Management RulesAdministrative Measures for System Data BackupDetailed Rules for Handling Information Security Vulnerabilities

SectionsLaws and RegulationsInternal Systems

Produce greenly in harmony with the environmentResponding toClimate Change

Ecological Environment Protection Management SystemCarbon Emission Management SystemGreen Operation

Environmental Protection Law ofthe People's Republic of ChinaRegulations of Sichuan Provinceon Environmental Protection

Environmental Management ManualCollection of Environmental Protection Management SystemsEnvironmental Protection Responsibility System andAssessment Management SystemWater ResourcesManagement

Water Law of the People'sRepublic of China

Energy Management SystemPackaging MaterialManagement

Design Standard for Non-Woven HandbagsSustainableAgriculture

Organic Production Manual

Technical Manual for Identication, Prevention and Control of

Major Diseases in Organic Sorghum Bases

Craft with excellence and grow together with customers

Product Qualityand Safety

Metrological Inspection Specications for Net Content of

Packaged Finished Spirits

Chief Quality O?cer System for Gridding of Industry Chain

Qualication Certication System for Quality Practitioners in the

Industry Chain

Logistics Enterprise Quality Manual

Opinions on Quality Infrastructure Facilitating the Linkage

Improvement of Industrial and Supply Chains

Quality Manual of Packaging Material Suppliers

Quality Manual of Distilling Raw and Auxiliary Materials

Suppliers

Quality Manual of Packaging Enterprises

Quality Manual of Logistics Enterprises

Quality Manual of Product Distribution EnterprisesFood SafetyAssurance

Food Safety Law of the People'sRepublic of ChinaAdministrative Measures for FoodRecall

HACCP

Plan

Food Safety Protection Plan

Measures for Food Safety Risk AssessmentExcellent CustomerService

After-sales Service Management Measures

Emergency Plan for Market Abnormal Information Classication

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LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTAppendices

SectionsLaws and RegulationsInternal Systems

ResponsibleMarketing

Advertisement Law of the People's Republic ofChinaLaw of the People's Republic of China on theProtection of Consumer Rights and InterestsInterim Measures for the Administration ofInternet AdvertisingCivil Code of the People's Republic of ChinaAnti-Unfair Competition Law of the People'sRepublic of China

Measures for Brand Assets Management

IntellectualPropertyProtection

Intellectual Property Management ManualPatent Management MeasuresAdministrative Measures for the Protection of TradeSecretsImplementation Measures for Policy Research andManagement (Trial)Implementation Measures for Science and TechnologyAwardsFoster diversity and thrive alongside employeesEmployee Hiring

Labour LawLabor Contract LawSocial Insurance LawEmployeeTraining andDevelopment

Promotion Management MeasuresTraining Management MeasuresHealth andSafety

Work Safety Law of the People's Republic ofChina

Work Safety Responsibility SystemWork Safety Commitment Management SystemCreate value and drive progress with the industry

Supply ChainManagement

Procurement Management Measures (Trial)Detailed Rules for Supply Chain CollaborativePurchasing Management (Trial)Detailed Rules for Supplier Database (Trial)Administrative Measures for Packaging MaterialSupplier DatabaseDetailed Rules for Product Sales and Logistics Third-party OperationEmergency Response Plan for Peak Season of SupplyChain Development in 2024

SZSE ESG Indicator Index

Dimension No.Topic

Corresponding

Clause (s)

Corresponding Chapter

Environmental

1Responding to Climate ChangeArticles 21-28Responding to Climate Change2Pollutant EmissionsArticle 30Green Operation3Waste ManagementArticle 31Management of Three Wastes and Noise

Ecosystem and BiodiversityProteciton

Article 32Sustainable Agriculture

Environmental ComplianceManagement

Article 33Green Operation6Energy UtilizationArticle 35Energy Management7Water Resource UtilizationArticle 36Water Resources Management8Circular EconomyArticle 37Packaging Material Management

Social

9Rural RevitalizationArticle 39Community Engagement10Social ContributionArticle 40Community Engagement11Innovation-driven DevelopmentArticle 42Digital and Intelligent Luzhou Laojiao12Technology EthicsArticle 43NA13Supply Chain SecurityArticle 45Supply Chain Management14Equal Treatment of SMEsArticle 46NA

Product and Service Safety andQuality

Article 47

Product Quality and Safety, Food SafetyAssurance, Excellent Customer Service

Data Security and CustomerPrivacy Protection

Article 48Information Security and Privacy Protection17EmployeesArticle 50

Employee Hiring, Employee Training andDevelopment, Employee Care, Health andSafety

Sustainability-RelatedGovernance

18Due DiligenceArticle 52Business Ethics and Anti-corruption19Stakeholder CommunicationArticle 53Stakeholder Communication20Anti-Bribery and Anti-CorruptionArticle 55Business Ethics and Anti-corruption21Anti-Unfair CompetitionArticle 56Business Ethics and Anti-corruption131132

LUZHOU LAOJIAO 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTAppendices


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