张 裕Ｂ：2021年第一季度报告（英文版）

Yantai Changyu Pioneer Wine Co., Ltd. 2021 First Quarter Report Main Body I. Important Notice The Company’s board of directors,board of supervisors,directors, supervisorsandseniorexecutivesguaranteethe truthfulness,accuracy and completeness ofcontentscontained in this All directors attended the board meeting for deliberating this quarter report. Mr. Zhou Hongjiang (person in charge of the Company), Mr. Jiang Jianxun (person in chargeof accounting work), and Ms. Guo Cuimei (person in charge of accounting institution and II、Corporate Information 1.Key accounting data and financial indicators Whether the Company needs to make retroactive adjustments or restate the accounting data of □YesNo Yes□No Unit：CNY The reasons shall be made clear and definitely as to the non-recurring profit and loss that theCompanyhas defined by virtue of the Explanatory Announcement on Public Company’sInformation Disclosure No.1 - Non-recurring Profit and Lossand as to regarding the non-recurringprofit and loss as recurrent profit and loss as specified in theExplanatory Announcement on Public □AvailableNot available There is no situation that non-recurring profit and loss is defined and specified as recurrent profitand loss in accordance with theExplanatory Announcement on Public Company’s Information □YesNoThere are no top 10 common shareholders and top 10 common shareholders with unrestricted shares in the Company promise to buy back 2)The table of the total number of the preferred shareholders and the shareholding status of the top 10 preferred shareholders□AvailableNot available III、Major Issue 1.Situation and reason of change in major financial data and financial index during the Available□Not available Compared with the beginning of the report period, at the end of the report period, in theconsolidated balance sheet, monetary fund increased by 19.58%, mainly due to the receipt ofmonetary funds for sales of products during the report period; receivables financing increased by21.55%, mainly due to the receipt of notes receivables from sales of products during the report Compared with the same period of last year, in the consolidated profit statement during the reportperiod: operating income increased by 40.75%, operating costs increased by 51.55%, taxes andsurcharges increased by 45.50%, net profit increased by 21.70%, mainly due to the increase inproduct sales during the report period; selling expenses increased by 79.84%, mainly due to the Compared with the same period of last year, in the consolidated cash flow statement during thereport period: cash received from sales of goods and rending of services increased by 44.02%,mainly due to the increase in monetary funds received from sales of products during the reportperiod; other cash paid related to operating activities increased by 49.85%, mainly due to theincrease in cash paid for marketing investment; cash received from acquiring loans decreased by 2.Analysis explanation of major issue’s process, influence and solution □AvailableNot availableImplementation progress of share repurchase□AvailableNot availableImplementation progress of reducing or repurchasing shares by the way of centralized bidding□AvailableNot available 3.The commitments that the Company’s actual controllers, shareholders, related parties, purchasers, the Company and other related 5.Progress of investment projects with raised funds 6.Forecast of business performance from January to June of 2021 A warning and reason explanation for predicting that the cumulative net profit from the beginning of the year to the end of the next report period □AvailableNot available 7.Major contracts during daily operations □AvailableNot available 8.Entrusted Investment □AvailableNot availableThere is no entrusted investment during the report period. 9.Situation of illegal external guarantee □AvailableNot availableThere is no illegal external guarantee during the report period. 10.Situation of non-operating fund occupation of controlling shareholders and related parties □AvailableNot availableThere is no non-operating fund occupation of controlling shareholders and related parties during the 11.The activities registration form of receptions, communication and interview etc. during □AvailableNot availableThere are no activities of receptions, communication and interview etc. during the report period. Yantai Changyu Pioneer Wine Co., Ltd.Board of Directors April 29th, 2021