澜沧古茶2023 年度报告

(A joint stock company incorporated in the People’s Republic of China with limited liability)（於中華人民共和國註冊成立的股份有限公司） Stock code股份代號: 6911 Annual Report2023年度報告 CONTENT Company's Profile2Corporate Information3Definitions and Glossary7Financial Summary13Chairlady’s Statement14Management Discussion and Analysis15Biographical Details of Directors, Supervisorsand Senior Management29Report of the Board of Directors43Report of the Supervisory Committee61Corporate Governance Report64Independent Auditor’s Report92Consolidated Statement of ComprehensiveIncome99Consolidated Balance Sheet100Consolidated Statement of Changes in Equity102Consolidated Statement of Cash Flows104Notes to the Consolidated Financial Statements106 COMPANY’S PROFILE Withstringent quality requirements running through the entireindustrial chain, the Group is among the very few tea companiesinChina experienced in raw material management,productdevelopment, production, end customer reach and membershipservices. After over twenty years of operation, we have establishedourselves as one of the most famous tea leaf brands in China. We have established Lan Cang Gu Cha () as our corebrand,under which we have developed and structured threeproduct lines, namely 1966, Tea Mama () and Iland Tea (). 1966 series focused on the development, manufacturing andsales of classic Pu’er tea products; while Tea Mama and Iland Teaare more youthful, popular and portable. Their product offeringsinclude flavored tea, black tea, white tea, and more. We boast acomprehensive sales network both online and offline. Our offlinenetwork primarily consists of distribution channel stores, coveringover 150 cities in more than 29 provinces and municipalities inChina. In addition to distribution channels, the sales scale of ouroffline channels to key accounts has been continuously expandingin recent years. Our online channels cover e-commerce platformssuch as Tmall, JD.com, WeChat, Douyin, etc. 1966196629150 We have always been persevering in “craftsmanship to pursuethe genuine taste and present wholesome tea leaf products (,)”. Leveraging our ability to source highquality rough tea leaves, our accumulation of unique productiontechniquesand our stringent quality control measures,we areable to ensure the superior and stable quality of our products.Additionally,with abundant stock levels and professional rawmaterial inventory management, we are able to promptly produceproductsthat meet the evolving market demands,continuouslysupplying more high-quality, healthy offerings to the market. CORPORATE INFORMATION COMPANY NAME PU’ER LANCANG ANCIENT TEA CO., LTD. BOARD OF DIRECTORSEXECUTIVE DIRECTORS Ms. Du Chunyi ()(chairlady)Ms. Wang Juan ()Mr. Zhang Muheng ()Ms. Shi Yijing ()Mr. Fu Gang ()Mr. Liu Jiajie () INDEPENDENT NON-EXECUTIVEDIRECTORS Ms. Cao Wei ()Dr. Xie Xiaoyao ()Mr. Tang Zhangliang () SUPERVISORY COMMITTEE Ms. Huang Yingzhi ()(chairlady)Ms. Zhu Meixuan ()Mr. Luo Zhonghong () JOINT COMPANY SECRETARIES Ms. He Yunhong ()Ms. Wong Yuen Ki () AUTHORIZED REPRESENTATIVES Mr. Liu Jiajie ()Ms. He Yunhong () CORPORATE INFORMATION ALTERNATE AUTHORIZEDREPRESENTATIVE Ms. Wong Yuen Ki () AUDIT COMMITTEE Ms. Cao Wei ()(chairlady)Dr. Xie Xiaoyao ()Mr. Tang Zhangliang () REMUNERATION AND APPRAISALCOMMITTEE Dr. Xie Xiaoyao ()(chairman)Ms. Cao Wei ()Ms. Wang Juan () NOMINATION COMMITTEE Ms. Du Chunyi ()(chairlady)Dr. Xie Xiaoyao ()Ms. Cao Wei () STRATEGY COMMITTEE Ms. Du Chunyi ()(chairlady)Ms. Wang Juan ()Ms. Cao Wei () AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentral CORPORATE INFORMATION COMPLIANCE ADVISOR 114301 Silver Nile Global Investments LimitedSuite 4301, Tower OneTimes Square, 1 Matheson StreetCauseway BayHong Kong LEGAL ADVISOR ()251 KHOO & CO. in Association with Beijing Kangda (H.K.) Law Firm(as to Hong Kong laws)15/F & 16/F, Tern Centre Tower 2251 Queen’s Road CentralHong Kong REGISTERED OFFICE IN THE PRC Pingzhang RoadWest Suburb Hot Spring CommunityMenglang TownLancang Lahu Ethnic Autonomous CountyPu’erYunnan ProvincePRC HEADQUARTERS AND PRINCIPALPLACE OF BUSINESS IN THE PRC Pingzhang RoadWest Suburb Hot Spring CommunityMenglang TownLancang Lahu Ethnic Autonomous CountyPu’erYunnan ProvincePRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 3485 5/F, Manulife Place348 Kwun Tong RoadKowloonHong Kong CORPORATE INFORMATION www.lcgc.cn COMPANY WEBSITE www.lcgc.cn PRINCIPAL BANKERS Industrialand Commercial Bank of China Limited(GuangzhouBaiyun Road Branch)Bank of China Limited (Guangzhou Chajiao Branch)China Merchants Bank Co., Ltd. (Guangzhou Renmin Middle RoadBranch)AgriculturalBank of China Co.,Ltd.(Lancang Lahu EthnicAutonomous County Branch)Yunnan Lancang Rural Commercial Bank Co., Ltd. H SHARE REGISTRAR H 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 6911 6911 DEFINITIONS AND GLOSSARY In this Annu