冠豪高新：股东粤财创投减持1584.06万股，减持计划实施完毕

Group 1 - The company Guanhao High-tech (SH 600433) announced that its shareholder, Yuecai Chuangtou, has completed a share reduction plan, reducing its holdings by 15.8406 million shares, which accounts for 0.91% of the total share capital as of December 28, 2025 [1] - For the year 2024, Guanhao High-tech's revenue composition is as follows: special paper accounts for 75.7%, special materials for 18.51%, color printing products for 3.79%, and other businesses for 2.01% [1] - As of the report date, Guanhao High-tech has a market capitalization of 5.8 billion yuan [1] Group 2 - The Moutai distributor conference gathered over 2,000 attendees, where significant changes regarding Moutai pricing and distribution were announced [1] - Chairman Chen Hua emphasized that distributors can no longer rely on passive income [1]