Group 1 - Zhenjiu Lidu has launched a merchant equity payment plan to incentivize qualified merchants, promoting long-term sustainable growth and development [1] - The equity payment plan will source shares from the controlling shareholder's donations and purchases from the secondary market, with a total of up to 169 million shares initially set for donation or purchase [1] - This initiative is expected to optimize channel structure and enhance manufacturer cooperation, potentially leading to a new trend in the liquor industry [1] Group 2 - Shede Liquor has reported significant progress in its internationalization strategy, with overseas retail terminals reaching a total of 1,200 and duty-free stores increasing to 100 globally [2] - The company has expanded its international business to 40 countries and regions, with notable growth in the Southeast Asian market [2] - This expansion is likely to optimize the company's revenue structure and enhance its global brand influence [2] Group 3 - Jinhui Liquor announced that board member Wang Ning has resigned from his position but has been elected as a worker representative director [3] - Wang Ning has extensive experience in sales and management, which may assist in advancing the company's strategic initiatives [3] - The governance structure of the liquor industry is continuously improving, indicating a trend towards enhanced corporate governance [3]