九牧王：12月29日召开董事会会议

Group 1 - The core viewpoint of the article highlights the announcement by Jiumuwang (SH 601566) regarding its board meeting and the composition of its revenue for the first half of 2025 [1] - Jiumuwang's revenue composition for the first half of 2025 indicates that clothing and apparel account for 98.75% of total revenue, while other businesses contribute 1.25% [1] - As of the report, Jiumuwang's market capitalization stands at 8 billion yuan [1] Group 2 - The article also mentions a significant event involving Moutai's distributor conference, where over 2,000 attendees gathered to discuss major changes related to Moutai's pricing and distribution strategies [1] - Chairman Chen Hua emphasized that distributors can no longer rely on passive income, indicating a shift in the business model [1]