The relationship between Huang Zhong Co., Ltd. and COFCO

The invitation obligation exempted by the CSRC for COFCO liquor investment marks that COFCO liquor has been formally included in alcoholic liquor. COFCO Liquor Investment directly holds 50% equity of Huangzhong Company, and indirectly controls 365,438+0% equity of Jiugui Liquor through Huangzhong Company, becoming the indirect controlling shareholder of Jiugui Liquor, and the actual controller of the company has not changed. Jiugui Liquor said in the announcement, "This acquisition will not affect the independent operation ability of Jiugui Liquor, and Jiugui Liquor will continue to be independent of the controlling shareholder and actual controller in terms of procurement, production, sales and intellectual property rights."