甘肃皇台酒业股份有限公司 董事会薪酬与考核委员会工作制度 第一章 总则 第一条 为完善甘肃皇台酒业股份有限公司（以下简称"公司"）董事及高 级管理人员的业绩考核与评价体系，制订科学、有效的薪酬管理制度，实施公司 的人才开发与利用战略，依照《中华人民共和国公司法》（以下简称《公司法》）、 《上市公司治理准则》《上市公司章程指引》等有关法律、行政法规及规范性文 件的规定及《甘肃皇台酒业股份有限公司章程》（以下简称《公司章程》）的有 关规定，就董事会薪酬与考核委员会的工作开展，特制定本规则。 第二条 薪酬与考核委员会是公司董事会下设的专门工作机构，对董事会负 责并报告工作。薪酬与考核委员会主要负责公司董事、高级管理人员的绩效考核、 公司绩效评价体系的完善、公司整体薪酬制度的健全与监督执行。 第三条 薪酬与考核委员会所作决议，必须遵守相关法律法规和规范性文件、 《公司章程》及本议事规则的相关规定，薪酬与考核委员会决议内容违反违反上 述规定的，该项决议无效；薪酬与考核委员会决策程序违反上述规定的，有关利 害关系人可自该决议对外披露之日起 60 日内，向公司董事会提出撤销或变更该 项决议的书面申请。 第二章 人员构成 第 ...

甘肃皇台酒业股份有限公司 董事会战略委员会工作制度 第一章 总则 第一条 为适应甘肃皇台酒业股份有限公司（以下简称"公司"）战略发展需 要，增强公司核心竞争力，完善公司发展规划，健全投资决策程序，提高重大投 资决策的效益和决策的质量，依照《中华人民共和国公司法》（以下简称《公司 法》）、《上市公司治理准则》《上市公司章程指引》等有关法律、行政法规及规范 性文件的规定及《甘肃皇台酒业股份有限公司章程》（以下简称《公司章程》）的 有关规定，公司设立董事会战略委员会，并制定本工作细则。 第二条 战略委员会由公司董事会设立，主要职责是对公司长期发展战略和 重大投资决策进行研究并提出建议。 第三条 战略委员会所作决议，必须遵守相关法律法规和规范性文件、《公司 章程》及本议事规则的相关规定，战略委员会决议内容违反上述规定的，该项决 议内容无效；战略委员会决策程序违反上述规定的，有关利害关系人可自该决议 对外披露之日起 60 日内，向公司董事会提出撤销或者变更该项决议的书面申请。 第二章 人员组成 第四条 战略委员会由三人组成。战略委员会委员由董事长、二分之一以上 独立董事或者全体董事的三分之一提名，并由董事会选举产生。 ...

甘肃皇台酒业股份有限公司 第三条 提名委员会所作决议，必须遵守中华人民共和国宪法、法律、行政 法规及深圳证券交易所相关制度规定，也不得违反《公司章程》和本规则的相关 规定。 第二章 人员组成 第四条 提名委员会由三名委员组成，委员中公司独立董事应占多数。 第五条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一提名，并由董事会选举产生。 第六条 提名委员会设主任一名，由独立董事担任。提名委员会主任由全体 委员的二分之一以上选举产生。 董事会提名委员会工作制度 第一章 总则 第七条 提名委员会主任负责召集和主持提名委员会会议，当提名委员会主 任不能或无法履行职责时，由其指定一名其他委员代行其职责；提名委员会主任 既不履行职责，也不指定其他委员代行其职责时，由公司董事会指定一名委员履 行提名委员会主任职责。 第一条 为完善公司法人治理结构，增强董事会选举程序的科学与民主，优 化董事会的组成人员及高级管理人员结构，依照《中华人民共和国公司法》（以 下简称《公司法》）、《上市公司治理准则》《上市公司章程指引》等有关法律、 行政法规及规范性文件的规定及《甘肃皇台酒业股份有限公司章程》（以下简称 《公 ...

Group 1 - The liquor sector experienced a decline of 0.77% on January 15, with *ST Rock leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index rose by 0.41% to 14306.73 [1] - Major liquor stocks showed varied performance, with *ST Rock down 4.84% to 2.75, and other notable declines including Shui Jing Fang down 2.39% and Moutai down 7.31% in net outflow [1][2] Group 2 - The liquor sector saw a net outflow of 1.152 billion yuan from main funds, while retail investors contributed a net inflow of 528 million yuan [1] - Specific stocks like Moutai and Wuliangye faced significant net outflows of 416 million yuan and 201 million yuan respectively, indicating a shift in investor sentiment [2] - The data indicates that retail investors are increasingly active, with a notable net inflow into stocks like Wuliangye, which saw 157 million yuan from retail investors [2]

Core Viewpoint - The liquor sector experienced a rise of 0.79% on January 12, with *ST Rock leading the gains, while the Shanghai Composite Index rose by 1.09% and the Shenzhen Component Index increased by 1.75% [1] Group 1: Market Performance - The closing price of *ST Rock was 3.20, with a gain of 4.92% and a trading volume of 132,400 shares, amounting to 41.70 million yuan [1] - Gujing Gongjiu closed at 141.73, up 2.94%, with a trading volume of 48,000 shares and a transaction value of 675 million yuan [1] - Luzhou Laojiao closed at 119.29, increasing by 2.08%, with a trading volume of 129,600 shares and a transaction value of 1.54 billion yuan [1] Group 2: Capital Flow - The liquor sector saw a net inflow of 403 million yuan from main funds, while retail investors experienced a net outflow of 29.32 million yuan [1] - Wuliangye had a main fund net inflow of 267 million yuan, but retail funds saw a net outflow of 87.06 million yuan [2] - Luzhou Laojiao recorded a main fund net inflow of 85.62 million yuan, with retail funds experiencing a net outflow of 34.07 million yuan [2]

Core Viewpoint - The Chinese wine industry is experiencing a significant decline in production, with a reported cumulative decrease of 20.6% in wine output from January to November 2025 compared to the previous year [1]. Group 1: Industry Overview - The total wine production in China for November 2025 is reported to be 10,000 kiloliters [1]. - The cumulative wine production from January to November 2025 stands at 81,000 kiloliters [1]. Group 2: Related Companies - Listed companies in the Chinese wine sector include Zhangyu A (000869), Weilang Co., Ltd. (603779), Zhongpu Co., Ltd. (600084), ST Tongpu (600365), Xibu Chuangye (000557), and Huangtai Wine Industry (000995) [1]. Group 3: Market Research - The report titled "2026-2032 China Wine Industry Market Panorama Survey and Investment Potential Research Report" by Zhiyan Consulting provides insights into the market trends and investment opportunities within the wine industry [1].

Core Viewpoint - The liquor sector experienced a decline of 0.47% on January 7, with *ST Rock leading the drop, while the Shanghai Composite Index rose by 0.05% and the Shenzhen Component Index increased by 0.06% [1]. Group 1: Market Performance - The closing prices and performance of key liquor stocks showed mixed results, with Guizhou Moutai at 1423.36 yuan (-0.33%), and Wuliangye at 107.52 yuan (-0.60%) [1][2]. - The total net outflow of main funds from the liquor sector was 244 million yuan, while retail investors saw a net inflow of 437.07 thousand yuan [2]. Group 2: Trading Volume and Value - Guizhou Moutai had a trading volume of 29,700 hands and a transaction value of 4.234 billion yuan, while Wuliangye had a trading volume of 123,100 hands and a transaction value of 1.326 billion yuan [1][2]. - The trading volume for the liquor sector was highlighted, with notable transactions including Luzhou Laojiao at 93,700 hands and a transaction value of 1.102 billion yuan [2]. Group 3: Fund Flow Analysis - Guizhou Moutai saw a main fund inflow of 76.40 million yuan, while *ST Rock experienced a main fund outflow of 4.17 million yuan [3]. - The fund flow analysis indicated that retail investors contributed positively to some stocks, such as Tianyoude Liquor, which had a retail net inflow of 121.59 thousand yuan [3].

Core Viewpoint - The liquor sector experienced a slight increase of 0.39% on January 6, with Yanghe Co. leading the gains, while the overall market indices also showed positive performance [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4083.67, up by 1.5% [1] - The Shenzhen Component Index closed at 14022.55, up by 1.4% [1] - Yanghe Co. saw a closing price of 63.38, with a rise of 2.92% [1] Group 2: Liquor Sector Stock Performance - The following stocks in the liquor sector showed notable performance: - Yanghe Co.: 63.38, +2.92%, volume 49,300, turnover 306 million [1] - ST Yanshi: 2.81, +1.81%, volume 118,900, turnover 32.83 million [1] - Quan Huijiu: 20.92, +1.31%, volume 47,200, turnover 98.63 million [1] - Shede Liquor: 57.55, +1.25%, volume 71,900, turnover 411 million [1] - Shui Jing Fang: 39.22, +1.24%, volume 56,800, turnover 221 million [1] - Shanxi Fenjiu: 179.09, +1.19%, volume 51,900, turnover 923 million [1] - Jisi Xing: 56.32, +0.99%, volume 96,800, turnover 541 million [1] - Shunxin Agriculture: 14.85, +0.75%, volume 68,400, turnover 10.1 million [1] - Jinshiyuan: 35.28, +0.63%, volume 67,300, turnover 23.6 million [1] - Tianyoude Liquor: 8.80, +0.57%, volume 48,000, turnover 42.16 million [1] Group 3: Capital Flow Analysis - The liquor sector experienced a net outflow of 37.01 million from main funds, while retail funds saw a net inflow of 128 million [1] - The following stocks had significant capital flow: - Shanxi Fenjiu: main net inflow 80.70 million, retail net outflow 48.88 million [2] - Luzhou Laojiao: main net inflow 64.98 million, retail net outflow 11.30 million [2] - Yanghe Co.: main net inflow 19.22 million, retail net outflow 7.69 million [2] - Jinshiyuan: main net inflow 11.97 million, retail net outflow 6.72 million [2] - Shui Jing Fang: main net inflow 11.36 million, retail net outflow 6.97 million [2]

Core Viewpoint - The adjustment trend in the liquor industry is becoming increasingly severe, as evidenced by the third-quarter financial reports of 20 A-share liquor companies, indicating significant declines in revenue and net profit [1] Financial Performance - The total revenue of 20 liquor companies in the third quarter reached 77.976 billion yuan, a year-on-year decline of 18.47% [1] - The net profit for these companies was 28.011 billion yuan, reflecting a year-on-year drop of 22.22%, marking a new low for this cycle [1] Industry Dynamics - The "Matthew Effect" is becoming more pronounced, with only Kweichow Moutai and Shanxi Fenjiu achieving growth in both revenue and net profit, while the performance decline of the other 18 companies has worsened compared to the second quarter [1] - Over half of the liquor companies reported a year-on-year decline in net profit, with regional companies facing particularly severe challenges [1] Regional Company Challenges - Kuozi Jiao's net profit plummeted by 92.55%, nearing a loss, while several companies like Jiu Gui Jiu and Huang Tai Jiu Ye have also fallen into losses [1] - Jinzhongzi Jiu experienced a slight revenue increase of 3.73%, but still reported a net loss, failing to reverse the industry's downturn [1] Market Trends - The industry is witnessing a dual pressure from top-tier companies and the inherent brand and channel weaknesses of regional firms, leading to a shrinking survival space [1] - The trend towards lower alcohol content and targeting younger consumers is becoming irreversible in the liquor industry, with the market for low-alcohol beverages expected to exceed 74 billion yuan by 2025, with a compound annual growth rate of 25%, significantly outpacing the overall liquor industry [1] - Both top-tier and regional liquor companies need to optimize product structures and cultivate younger customer bases to explore new growth avenues [1]

Core Viewpoint - The liquor sector experienced a decline of 1.01% on December 31, with *ST Yanshi leading the drop, while the overall market showed mixed results with the Shanghai Composite Index up by 0.09% and the Shenzhen Component Index down by 0.58% [1] Liquor Sector Performance - The closing prices and percentage changes for key liquor stocks are as follows: - *ST Yanshi: 2.90, -4.92% - Gujing Gongjiu: 132.60, -2.23% - Shede Manye: 56.08, -1.61% - Quanwei Jiu: 20.42, -1.40% - Luzhou Laojiao: 116.22, -1.38% - Wuliangye: 105.94, -1.32% - Zhisi Cha: 54.58, -1.30% - Yingjia Gongjiu: 39.56, -1.27% - Yilite: 13.84, -1.14% - Huangtai Jiuye: 12.51, -1.11% [1] Capital Flow Analysis - The liquor sector saw a net outflow of 1.573 billion yuan from main funds, while retail investors contributed a net inflow of 712 million yuan [1] - The detailed capital flow for selected stocks indicates: - Gujing Gongjiu: Main net inflow of 5.437 million yuan, retail net inflow of 2.302 million yuan - *ST Yanshi: Main net outflow of 4.866 million yuan, retail net inflow of 4.265 million yuan - Other stocks like Jinzhongzi Jiu and Kuozi Jiao experienced significant net outflows from main and retail funds [2]