贵州茅台2025年年度报告（英文版）

ANNUAL REPORT 20251 / 194Stock Code: 600519Stock Abbr.: Kweichow MoutaiKWEICHOW MOUTAI CO., LTD.ANNUAL REPORT 2025ANNUAL REPORT 20252 / 194Important StatementsI. The Board of Directors, Board of Supervisors, directors, supervisors and the senior management of theCompany guarantee that the information presented in this report is free of any false records, misleadingstatements or material omissions, and shall bear individual and joint legal liabilities for the truthfulness,accuracy and completeness of its contents.II. All directors of the Company attend the meeting of the board of directors.III. Pan-China Certified Public Accountants (Special General Partnership) issued an unqualified auditreport for the Company.IV. Chen hua, responsible person for the Company, Yu Siming, responsible person for the Company’saccounting work, and Cai Congying, responsible person for the Company’s financial affairs (AccountingSupervisor), have guaranteed that the financial statements in this report are true, accurate and complete.V. The proposed profit distribution plan or the proposed plan of capitalization of capital reserves in thereporting period approved by the resolution of the Board of Directors.The Company proposes to implement the 2025 annual profit distribution based on the total share capital registeredon the record date for equity distribution, excluding the shares held in the Company's specialized repurchaseaccount. A cash dividend of RMB 27.993 per share (tax inclusive) will be distributed to all shareholders. As ofMarch 31, 2026, the Company's total share capital is 1,252,270,215 shares, and the number of shares in thespecialized repurchase account is 794,176. The total share capital excluding the shares in the specialized repurchaseaccount is 1,251,476,039 shares. Based on this, the total proposed cash dividend is calculated to be RMB35,032,568,759.73 (tax inclusive). In the event of any change in the total share capital (excluding shares in thespecialized repurchase account) prior to the record date, the Company will maintain the total distribution amountunchanged and adjust the per-share distribution ratio accordingly. The above profit distribution plan is subject tothe review and approval of the General Meeting of Shareholders before implementation.As at the end of the reporting period, information regarding accumulated losses of the parent company andits impact on matters such as dividend distribution□Applicable √N/AVI. Risk disclosure statement for forward-looking statements√Applicable □N/AFuture plans, development strategies and other forward-looking statements involved in this annual report aresubject to uncertainty and do not constitute a material commitment of the Company to investors. Investors arerequested to pay attention to investment risks.VII. Existence of non-operational embezzlement of funds by controlling shareholders or their relatedpartiesNoVIII. Existence of financial guarantees to external parties in violation of the regulated dec