2026年半年度报告（英文版）

Yantai Changyu Pioneer Wine Co., Ltd. 2026 Semi-annual Report1Yantai Changyu Pioneer Wine Co., Ltd.2026 Semi-annual ReportAugust 21, 2026Yantai Changyu Pioneer Wine Co., Ltd. 2026 Semi-annual Report2Table of ContentsI、Important Notice, Table of Contents and Definition.................................................................3II、Brief Introduction for the Company and Main Financial Indicators ..................................6III、Discussion and Analysis of Management Team ....................................................................9IV、Corporate Governance, Environmental and Social Responsibility ..................................27V、 Major issues.............................................................................................................................29VI、 Changes in Shares and the Shareholders' Situation.......................................................... 36VII、 Related Situation of Bonds..................................................................................................43VIII、Financial Report...................................................................................................................43Yantai Changyu Pioneer Wine Co., Ltd. 2026 Semi-annual Report3I. Important Notice, Table of Contents and DefinitionThe board of directors, directors and senior executives of the Company guarantee thetruthfulness, accuracy and completeness of the contents contained in the semi-annual reportwith no false records, misleading statements or significant omissions, and undertakeindividual and joint legal liabilities.Mr. Hongjiang ZHOU (Person in charge of the Company) and Ms. Cuimei GUO (Person incharge of accounting work, Person in charge of accounting organ & Accountant in charge)assure the truthfulness, accuracy and completeness of the financial report in the semi-annualreport.Except for the following directors, other directors attended this board meeting for reviewingthis semi-annual report in person.Name of director not attendingthe meeting personallyPosition of director not attendingthe meeting personallyReason of not attendingthe meeting personallyName of entrusteeYan XUIndependent DirectorOn a business tripZhuquan WANGMarco Giovanni FerrariDirectorOn a business tripClaudio Michele d'AgostinoForward-looking statements such as future plans and development strategies covered in thisreport do not constitute a substantial commitment of the Company to investors. Investors areadvised to pay attention to investment risks.Regarding significant risks that the Company may face during the business process, pleaserefer to “10. Risks and response measures” in “III Discussion and Analysis of ManagementTeam” in this report. Investors are suggested to read carefully and pay attention to investmentrisks.The Company has no plan to distribute cash dividends and bonus shares and capital reservewill not be transferred to equity.Yantai Changyu Pioneer Wine Co., Ltd. 2026 Semi-annual Report4Reference Documents(1)