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On June 13, the 2022 Annual Shareholders" Meeting of Kweichow Moutai was held.

"The liquor industry is highly resilient, and long-term holding is the right choice." said Ding Xiongjun, chairman of the Company, adding that liquor is an industry that is increasingly integrated is the most resilient in terms of development.

He believes that the liquor industry is an industry that can exist and continue to develop in the long term.

From June 9th to June 15th, the liquor ETF rose by 8.31%, the largest increase in recent months. Liquor stocks rose across the board. The beer sector also emerged from the previous continuous decline.

Some securities firms have pointed out that under the active fiscal policy and abundant liquidity, the year-on-year growth of fixed asset investment and the improvement of enterprise operating rates have led to the orderly recovery of domestic business activities.

This is expected to stimulate the demand for business-use liquor, support the sales of mid-to-high-end liquor, and further lead the momentum of the liquor industry upwards.

As for beer, benefiting from the recovery of channels such as catering and nightlife, the beer industry"s production and sales volume may achieve steady growth.

June to August is the traditional peak season for beer consumption, and the beer industry is expected to maintain a good growth momentum, with sales performance expected to continue to improve.

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