上海市锦天城律师事务所 关于浙江古越龙山绍兴酒股份有限公司 控股股东增持公司股份的 控股股东增持公司股份的 法律意见书 上海市锦天城律师事务所（以下简称"本所"）接受委托，根据《公司法》 《证券法》《上市公司收购管理办法》《上海证券交易所上市公司自律监管指引 第8号——股份变动管理》等法律、法规、规范性文件的规定，就浙江古越龙山 绍兴酒股份有限公司（以下简称"古越龙山"或"公司"）的公司控股股东中国 绍兴黄酒集团有限公司（以下简称"黄酒集团"）增持古越龙山股份事宜（以下 简称"本次增持"）进行核查并出具本法律意见书。 1 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江古越龙山绍兴酒股份有限公司 上海市锦天城律师事务所 法律意见书 第一节 律师声明 1、本所依据本法律意见书出具日以前已经发生或存在的事实和我国现行法 律、行政法规、部门规章及其他规范性文件的有关规定发表法律意见。 2、公司及其控股股东黄酒集团已向本所律师作出承诺 ...

Group 1: Yanjing Beer - Yanjing Beer reported a Q1 revenue of 3.827 billion yuan, a year-on-year increase of 6.69% [1] - The net profit attributable to shareholders was 165 million yuan, up 61.10% year-on-year, indicating a strong start to 2025 [1] - The company achieved beer sales of 995,000 kiloliters, with the flagship product Yanjing U8 maintaining a growth rate of over 30% [1] Group 2: Zhujiang Beer - Zhujiang Beer disclosed a Q1 revenue of 1.227 billion yuan, reflecting a year-on-year growth of 10.69% [2] - The net profit attributable to shareholders was 157 million yuan, an increase of 29.83% year-on-year, showcasing strong market competitiveness [2] - The company reported beer sales of 294,600 tons, up 11.66% year-on-year [2] Group 3: Guyue Longshan - Guyue Longshan's Q1 revenue was 539 million yuan, a decline of 4.9% year-on-year [3] - The net profit was approximately 59.02 million yuan, down 4.82% year-on-year, indicating challenges in financial performance [3] - The company announced a share buyback plan of 200 to 300 million yuan to enhance employee motivation and long-term competitiveness [3] Group 4: Zhangyu A - Zhangyu A reported Q1 revenue of about 811 million yuan, a slight increase of 0.01% year-on-year [4] - The net profit attributable to shareholders was approximately 159 million yuan, up 0.21% year-on-year, reflecting stability in a challenging market [4] - The company needs to focus on optimizing product structure and enhancing brand influence to address long-term industry challenges [4]

Core Viewpoint - The company has announced a share repurchase plan aimed at enhancing employee motivation and confidence among investors, with a total repurchase amount between 200 million and 300 million RMB [12][35]. Financial Data - The first quarter financial statements are unaudited, and the company has confirmed the accuracy and completeness of the financial information [3][31]. - As of March 31, 2025, the company's total assets are 671,142.70 million RMB, with net assets attributable to shareholders of 595,439.39 million RMB, and a current asset total of 408,932.19 million RMB [22]. Shareholder Information - The company has confirmed that there are no plans for share reductions by major shareholders, including directors and senior management, in the next six months [12][25]. Management Changes - The company appointed Jiang Hongwei as the vice president, with a term aligned with the current board [7][10]. Share Repurchase Plan - The repurchase will utilize self-owned or raised funds, with a maximum price of 12.83 RMB per share, not exceeding 150% of the average trading price over the previous 30 trading days [12][21]. - The repurchase period will last up to 12 months from the board's approval date [18][35]. - If the repurchased shares are not used for employee stock ownership plans or equity incentives within 36 months, they will be canceled [12][26]. Impact on Company Operations - The share repurchase is expected to have a minimal impact on the company's daily operations and financial health, with the repurchase funds representing 4.47% of total assets and 5.04% of net assets [22][24].

证券代码：600059 证券简称：古越龙山 编号：临 2025-017 浙江古越龙山绍兴酒股份有限公司 2025 年 1-3 月经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 二、销售渠道情况： 单位：万元 | 渠道类型 | 本期销售收入 | 上期销售收入 | 变动比例 | | --- | --- | --- | --- | | 直销（含团购） | 11864.66 | 12262.60 | -3.25% | | 批发代理 | 40739.39 | 42996.80 | -5.25% | | 国际销售 | 709.44 | 760.76 | -6.75% | | 合计 | 53313.49 | 56020.16 | -4.83% | 三、区域情况： 单位：万元 | 区域情况 | 本期销售收入 | 上期销售收入 | 变动比例 | | --- | --- | --- | --- | | 上海地区 | 10345.32 | 11550.41 | -10.43% | | 浙江地区 | 14811.02 | 1639 ...

根据《上市公司独立董事管理办法》《董事会议事规则》《公司章程》《董事 会提名委员会工作细则》等规章制度的有关规定，提名委员会于 2025 年 4 月 23 日召开十届四次会议，会议由主任委员朱杏珍女士主持，以"3 票同意；0 票反 对；0 票弃权"的表决结果，审议通过了《关于聘任公司副总经理的议案》。对 公司拟聘任高级管理人员的事项发表如下意见： 董事会聘任蒋宏伟先生为公司副总经理的提名、董事会审议、表决程序符合 法律、法规以及《公司章程》的有关规定。经审阅蒋宏伟先生的履历及相关资料， 其任职资格符合我国有关法律法规及《公司章程》的有关规定，并具备与行使职 权相适应的履职能力和条件。同意董事会聘任蒋宏伟先生为公司副总经理。 证券代码：600059 证券简称：古越龙山 编号：临 2025-018 浙江古越龙山绍兴酒股份有限公司 关于聘任副总经理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、聘任公司副总经理情况 公司于 2025 年 4 月 23 日召开了第十届董事会第七次会议，本次会议通知于 4 月 16 日 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥539,408,523.78, a decrease of 4.90% compared to ¥567,227,009.49 in the same period last year[4] - Net profit attributable to shareholders was ¥59,018,665.07, down 4.82% from ¥62,004,526.27 year-on-year[4] - Total revenue for Q1 2025 was CNY 539,408,523.78, a decrease of 4.8% compared to CNY 567,227,009.49 in Q1 2024[18] - Net profit for Q1 2025 was CNY 58,792,509.09, a decrease of 6.0% from CNY 62,637,930.16 in Q1 2024[19] - Operating profit for Q1 2025 was CNY 80,409,971.15, down 7.4% from CNY 86,551,013.65 in Q1 2024[19] - The net profit attributable to the parent company shareholders decreased to ¥59,018,665.07 from ¥62,004,526.27, representing a decline of approximately 3.2% year-over-year[20] - The total comprehensive income attributable to the parent company owners was ¥59,129,174.50, down from ¥62,000,243.47, indicating a decrease of about 4.5%[20] Cash Flow - The net cash flow from operating activities was -¥139,953,798.80, representing a decline of 40.87% compared to -¥99,350,183.82 in the previous year[4] - Cash inflows from operating activities totaled ¥495,385,902.00, slightly increasing from ¥494,928,789.27, a growth of about 0.1%[23] - Cash outflows from operating activities increased to ¥635,339,700.80 from ¥594,278,973.09, marking an increase of approximately 6.9%[23] - The net cash flow from operating activities was negative at -¥139,953,798.80, worsening from -¥99,350,183.82 year-over-year[23] - Cash outflows from investing activities amounted to ¥83,091,820.18, down from ¥106,102,331.60, a decrease of about 21.7%[24] - The net cash flow from investing activities was -¥80,694,562.95, an improvement from -¥99,526,969.39 year-over-year[24] - The cash and cash equivalents at the end of the period were ¥1,908,067,494.45, down from ¥1,942,365,748.51, a decrease of approximately 1.8%[24] - The company reported a foreign exchange impact on cash and cash equivalents of ¥265,755.03, compared to ¥77,858.03 in the previous year, indicating a significant increase[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,711,427,049.89, down 3.02% from ¥6,920,680,319.69 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 6,711,427,049.89, down from CNY 6,920,680,319.69 as of December 31, 2024[15] - Total liabilities decreased to CNY 718,654,299.28 as of March 31, 2025, from CNY 986,638,821.22 as of December 31, 2024[15] - Total equity increased to CNY 5,992,772,750.61 as of March 31, 2025, compared to CNY 5,934,041,498.47 as of December 31, 2024[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,059[9] - The largest shareholder, China Shaoxing Yellow Wine Group Co., Ltd., holds 37.71% of the shares, totaling 343,739,617 shares[9] Earnings Per Share - Basic earnings per share decreased by 14.29% to ¥0.06 from ¥0.07 in the same period last year[5] - The basic and diluted earnings per share remained at ¥0.06, compared to ¥0.07 in the previous year, reflecting a decline of approximately 14.3%[20] Accounts Receivable and Inventory - The company reported a significant decrease in accounts receivable financing by 89.11%, primarily due to a reduction in notes[7] - Accounts receivable increased to CNY 248,777,788.96 as of March 31, 2025, compared to CNY 212,540,038.98 as of December 31, 2024, reflecting a growth of 17.0%[13] - Inventory decreased to CNY 1,825,371,876.69 as of March 31, 2025, from CNY 1,893,736,994.37 as of December 31, 2024[13] Investment and Construction - The construction in progress increased by 21.12%, mainly due to increased investment in the yellow wine industrial park project[7] - Total operating costs for Q1 2025 were CNY 458,745,595.86, down 4.2% from CNY 478,853,288.55 in Q1 2024[19] - Cash and cash equivalents decreased to CNY 1,910,867,494.45 as of March 31, 2025, from CNY 2,131,421,867.55 as of December 31, 2024[13]

证券代码：600059 证券简称：古越龙山 公告编号：临 2025-019 浙江古越龙山绍兴酒股份有限公司 第十届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 浙江古越龙山绍兴酒股份有限公司（以下简称"本公司"或"公司"）于 2025 年 4 月 16 日以书面方式发出召开第十届董事会第七次会议的通知。会议于 2025 年 4 月 23 日在公司新二楼会议室以现场结合通讯表决方式召开，会议由董事长 孙爱保先生主持，应到董事 11 人，实到董事 11 人，监事会成员 3 人及高管人员 列席了会议。本次会议的召开符合《公司法》和《公司章程》的规定。会议审议 通过了如下议案： 一、《公司 2025 年第一季度报告》 表决结果：11 票同意，0 票反对，0 票弃权。 二、《关于聘任公司副总经理的议案》 根据绍政干〔2025〕6 号文件，董事会拟聘任蒋宏伟为公司副总经理，任期 与本届董事会一致。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《关于聘任副总经理的公告》 ...

证券代码：600059 证券简称：古越龙山 公告编号：临 2025-020 浙江古越龙山绍兴酒股份有限公司 关于以集中竞价交易方式回购股份方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 1.公司股票价格持续超出回购方案披露的价格上限，导致回 购方案无法按计划实施的风险； 2.本次回购股份拟用于实施员工持股计划或股权激励，存在 员工持股计划或股权激励对应方案未能经董事会和股东大会等决策 机构审议通过、参与对象放弃认购等原因，导致已回购股票无法按照 计划授出的风险； 3.若发生对公司股票交易价格产生重大影响的重大事项，或 公司生产经营、财务状况、外部客观情况发生重大变化，或其他导致 公司董事会决定终止本次回购方案的事项发生，则存在回购方案无法 顺利实施或者根据相关规定变更或终止的风险。 4.如遇监管部门颁布新的回购相关规范性文件，导致本次回购无 法实施或实施过程中需要根据监管新规调整回购相应条款的风险。公 司将在回购期限内根据市场情况择机做出回购决策并予以实施，并根 据回购股份事项进展情况及时履行信息披 ...

4月18日，古越龙山官方公众号发布了《致经销商告知函》。该公司表示，为了维护古越龙山青花醉系 列产品价格稳定，增强经销商和消费者的信心，经过公司研究决定：500ml×6木盒十年花雕酒（5A级库 藏）、500ml×6青花醉十二年（壶酒兴邦）、500ml×6新品木盒二十年（5A级库藏）、500ml×5盒三十 年陈花雕酒（千福），这四款产品自通知之日起禁止任何经销商线上销售。 古越龙山还称，目前线上店铺在销售的经销商及其分销商须在5月底前做好上述产品下架工作。该公司 将加强这四款产品线上监管，一经发现查实，将对经销商从严从重处理，取消产品所有政策支持。 智通财经记者 | 武冰聪 智通财经编辑 | 牙韩翔 黄酒"一哥"古越龙山感受到市场压力，主动叫停了高端系列产品的线上销售。 在表达了发展高端化的决心之后，却主动叫停高端产品的线上销售，原因与产品在电商平台的价格倒挂 有关。 据了解，上述几款产品目前售价在每瓶100元到600元之间。以木盒十年产品为例，古越龙山在电商平台 官方旗舰店的价格约为128元/瓶，但在百亿补贴活动后的价格分别为78元/瓶、86.38元/瓶，线上不同渠 道存在较大的价格差异。 上述负责人表示，从 ...

古越龙山（600059）公告，公司拟2亿元-3亿元回购股份，回购股份价格不超过人民币12.83元/股(含)。 本次回购的股份用于员工持股计划或股权激励；若公司未能在本次股份回购完成之后36个月内将回购股 份用于上述用途，则尚未使用的已回购股份将予以注销。回购期限为自董事会审议通过最终股份回购方 案之日起不超过12个月，资金来源为自有资金或自筹资金。 ...