Group 1 - The white liquor stocks experienced a decline in early trading, with companies such as Wuliangye, Moutai, and others showing significant drops [1][2] - The revised regulations from the Central Committee and State Council emphasize strict adherence to domestic reception standards, impacting the hospitality and liquor consumption in official settings [2][3] Group 2 - Moutai's recent shareholder dinner featured a shift to a buffet style and the absence of its signature liquor, replaced by blueberry juice, reflecting changes in corporate hospitality practices [3] - The company maintained a substantial dividend plan of 34.671 billion yuan, sustaining a distribution ratio exceeding 40%, supported by an annual profit of 86.2 billion yuan [3] - Notable investors, including Lin Yuan, expressed confidence in Moutai's growth potential, predicting sustained growth over the next 10-20 years, while also highlighting the untapped consumption potential [4]