Core Viewpoint - Guyue Longshan (600059) emphasizes the historical and cultural value of its core collection, including the 2500-year-old sealed wine, the centennial Xinhai commemorative wine, and the 60-year-old aged wine, which are influenced by factors such as rarity, market environment, and collecting trends [1] Group 1 - The company states that there is no unified market estimate for the value of its rare wines due to multiple influencing factors [1] - The company considers these precious wines as core cultural assets and ensures their proper preservation [1] - Plans for restarting auctions or public displays will be carefully studied in conjunction with the brand's high-end strategy, Huangjiu culture promotion, and asset protection planning [1] Group 2 - The company will also focus on the protection and value exploration of high-aged wines [1]

Core Viewpoint - The company Gu Yue Long Shan (600059) possesses the world's largest yellow wine cellar, certified by the Shanghai Guinness headquarters in 2009, with a storage area of 308 acres and over 11 million jars (approximately 260,000 tons) of original wine [1] Group 1: Company Assets - The original wine inventory has a complete traceability system that records the brewing year, batch, and grade, ensuring the authenticity of the stock scale and year [1] - The valuation of aged original wine and the "Centenary Xinhai" old wine is primarily based on time value, with industry recognition of an annual appreciation rate of 8%-10% [1] - The rarity of aged wines over 60 years further enhances their value, supported by quality evaluations from national-level yellow wine judges and cultural market value [1] Group 2: Market Position - Currently, there is no other yellow wine cellar globally that matches the scale and quality of Gu Yue Long Shan's central wine cellar [1] - The company’s cellar is positioned as a national strategic reserve, showcasing uniqueness in storage scale, year span, traceability system, and cultural heritage [1] - The company plans to continue managing and maintaining the value of its original wine effectively [1]