Core Viewpoint - The announcement details the stock pledge and repurchase activities of Yabao Pharmaceutical Group Co., Ltd, highlighting the significant shareholding and the ongoing share repurchase program [2][5]. Group 1: Stock Pledge Information - As of the announcement date, the controlling shareholder, Shanxi Yabao Investment Group Co., Ltd, holds 94,300,000 shares, accounting for 13.47% of the total share capital [2]. - A total of 26,850,000 shares have been pledged, representing 28.47% of the shares held by the controlling shareholder and 3.84% of the company's total share capital [2]. - The pledged shares are not used as collateral for major asset restructuring or other guarantees [2]. Group 2: Share Repurchase Program - The company approved a share repurchase plan on May 16, 2025, with a total fund amount between RMB 50 million and RMB 100 million, and a maximum repurchase price of RMB 6.95 per share [7]. - As of October 31, 2025, the company has repurchased 8,000,000 shares, which is 1.14% of the total share capital, with a total expenditure of RMB 52,151,912.00 [8]. - The highest and lowest transaction prices during the repurchase were RMB 6.65 and RMB 6.30 per share, respectively [8].

Core Viewpoint - Huang Shaogang, a shareholder of Anhui Kouzi Liquor Co., Ltd., has pledged 5,000,100 shares for a stock repurchase transaction, raising his total pledged shares to 10,000,200, which is 80.57% of his holdings [2][3]. Summary by Sections Shareholder Pledge Details - Huang Shaogang holds 12,411,743 shares, representing 2.08% of the total share capital. After the pledge, he has pledged 10,000,200 shares, which is 80.57% of his total holdings [2]. - Huang Shaogang and his concerted actors collectively hold 242,063,712 shares, accounting for 40.47% of the total share capital. Following the pledge, the total pledged shares amount to 36,361,700, which is 15.02% of their total holdings [2]. Pledge Transaction Information - On September 1, 2025, Huang Shaogang pledged 5,000,100 shares (0.84% of total share capital) to Guotai Junan Securities Co., Ltd. for a stock repurchase transaction, with the initial transaction date being September 1, 2025, and the repurchase date set for September 1, 2026 [3]. Control and Risk Assessment - The actual controllers and concerted actors hold a total of 242,063,712 shares, with 36,361,700 shares pledged, representing 15.02% of their total holdings and 6.08% of the company's total share capital [4]. - The pledge is primarily for personal reasons, and Huang Shaogang is assessed to have a good credit status and repayment ability, with repayment sources including personal funds and investment returns. The risk associated with the pledge is considered controllable, and it will not affect the voting rights or control of the actual controllers [4].