Business Daily Media

The Times Real Estate

.

ZJLD Group Convened 2024 Annual General Meeting

Investors Joined the Signature Distillery Tour and Premium Banquet Immersively Exploring Sauce-aroma Baijiu Paired Exquisite Chinese Cuisine

HONG KONG SAR - Media OutReach Newswire - 24 June 2024 - The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. ("ZJLD" or the "Company", SEHK stock code: 06979. HK), is pleased to announce that it successfully held its 2024 Annual General Meeting ("AGM") and Investor Day Event on June 21st in Zunyi, Guizhou Province. Over 150 shareholders, investors, financial institution representatives, and professional analysts attended the occasion.

The 2024 Annual General Meeting of ZJLD Group was successfully held.
The 2024 Annual General Meeting of ZJLD Group was successfully held.

Mr. Wu Xiangdong, Founder and Chairman of ZJLD Group, presided over the meeting. The attendees deliberated and approved seven ordinary resolutions and one special resolution.

The distillery tour to introduce the brewing process and craftsmanship of Zhen Jiu to the guests in Kweichow Zhen Jiu Factory in Shizipu, the northern suburb of Huichuan District, Zunyi City.
The distillery tour to introduce the brewing process and craftsmanship of Zhen Jiu to the guests in Kweichow Zhen Jiu Factory in Shizipu, the northern suburb of Huichuan District, Zunyi City.

"Seven Principles" Yields Fruitful Results; "Four-Pillars-Braced" Initiatives Advance in Tandem

Mr. Wu Xiangdong, Founder and Chairman of ZJLD Group, delivered a welcome address to the attending shareholders. Mr. Wu reviewed the Company's operating achievements over the past year and shared the Company's future development direction, saying, "I have witnessed multiple industry cycles in the baijiu sector for the last 30 years, even though the industry is facing many uncertainties and challenges this year, Baijiu being rooted in traditional Chinese culture and deeply embedded in the daily lives of the Chinese people - the entire industry is imbued with resilience. Difficulties and opportunities coexist; the difficulties the industry is currently facing also mean restructuring and reshuffling opportunities for brands like Zhen Jiu and Li Du, which have been steadfastly developing with solid business foundations. We persist in focusing on a differentiation development strategy and resolve any difficulties ahead while at the same time realizing and capitalizing hidden opportunities within the challenges."

Moving forward, the Company will continue to focus on four areas – brand development, production capacity expansion, channels and team building. While consolidating its leading position in the baijiu industry, the Company will further strive to improve profitability and enhance its resilience to respond to future market challenges. In terms of production capacity, Zhen Jiu has already achieved 40,000 tons this year, and its base liquor inventory is expected to exceed 100,000 tons. Additionally, the Group will further broaden the product lines of its different sub-brands across various price ranges:

  • Zhen Jiu plans to launch banquet products in the sub-high-end price range and upgrade its Zhen 30 and Zhen 15 series in the second half of the year.
  • Li Du will establish two major products matrix - the flagship "Li Du Gaoliang" and the "Li Du Wang" series. The high-end Li Du Gaoliang 1308, priced over RMB1,000, is aimed at the nationwide layout, supplemented by 1955 in the RMB800 category and the sub-high-end 1975, for incremental expansion within different price ranges.
  • Xiangjiao will focus on the "enhancing distributor network" strategy to improve distributor quality, establish experience centers, and strengthen experiential marketing to drive channel penetration and enhancement.

ZJLD Group Convened 2024 Annual General Meeting

At the banquet tasting sessions, the brand ambassador of Kweichow Zhen Jiu treated the guests to taste the Zhen 15, Zhen 30 and 2013 Real Vintage Baijiu of Zhen Jiu.
At the banquet tasting sessions, the brand ambassador of Kweichow Zhen Jiu treated the guests to taste the Zhen 15, Zhen 30 and 2013 Real Vintage Baijiu of Zhen Jiu.

Signature
Distillery Tour Creates Immersive Marketing Experience; Premium Banquet Tasting Event Showcases the Allure of Sauce-aroma Baijiu through Traditional Cuisine

On the day of the AGM, accompanied by the Company's management, a group of shareholders and investors visited the Kweichow Zhen Jiu Distillery to participate in the signature distillery tour. After the visit, the Annual General Meeting was successfully held. The management also had an in-depth exchange of views with the professional institutional investors on the current development of the baijiu market and explored the Company's future strategic directions. Two Premium Banquet tasting events were also held on the same day, where guests were guided by the brand ambassadors of Kweichow Zhen Jiu to taste the Zhen 15, Zhen 30 and 2013 Real Vintage Baijiu of Zhen Jiu. Leveraging baijiu as a medium, the guests and the management jointly explored the brand's growth journey and its development potential.

Hashtag: #ZJLD

The issuer is solely responsible for the content of this announcement.

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China's primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. It is one of the "Three Representative Sauce Flavor Brands in Guizhou", along with Moutai and Xijiu. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma, with sauce-aroma being its core. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including Zhen Jiu, Li Du, and two leading regional names, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic recipes and classical flavours. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

News from Asia

LFC and adidas reunite with new multi-year partnership

LIVERPOOL, UK - Media OutReach Newswire - 13 March 2025 - Liverpool Football Club and adidas have agreed a new multi-year partnership that will see the sportswear giant once again become the club...

Prince Holding Group Earns Fifth Consecutive ‘Best in Cambodia’ Award for CSR Initiatives

Recognized at the 17th Annual Global CSR & ESG Awards for Sustainable Development Efforts PHNOM PENH, CAMBODIA - Media OutReach Newswire - 13 March 2025 - Prince Holding Group has been recogni...

Galaxy Macau’s Reveals a Galaxy of Stars As the Integrated Resort’s Restaurants are Awarded Five Michelin Stars in the 17th Michelin Guide Hong Kong Macau 2025

Sushi Kissho by Miyakawa Celebrates a Stellar Debut MACAU SAR - Media OutReach Newswire - 13 March 2025 - In the 17th Michelin Guide Hong Kong Macau 2025, Galaxy Macau™, the world-class luxury in...

Melco continues to lead with the city’s top number of Stars granted by MICHELIN Guide Hong Kong & Macau 2025

MACAO SAR - Media OutReach Newswire - 13 March 2025 - Melco Resorts & Entertainment continues to lead in Macau in the newly published MICHELIN Guide Hong Kong & Macau 2025, being granted ...

Singapore G Unveils the Largest Cold Storage Facility in Central Singapore, Reinforcing Its Commitment to Supporting SMEs and Business Growth

SINGAPORE - Media OutReach Newswire - 14 March 2025 - Singapore G, a trailblazer in space solutions, today announced the grand opening of MustardSeed@SG Cold Store, a cold storage facility in the ...

GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility

Globally diversified portfolio of crossover bonds aims to deliver attractive yields for investors SINGAPORE - Media OutReach Newswire - 14 March 2025 - GROW with Singlife ("GROW"), the integrated...

Konica Minolta wins 2025 A3 Line of the Year Award and four Pick Awards from Keypoint Intelligence

Recognition of Konica Minolta’s adaptable, future-ready innovations in office printing technology. SINGAPORE - Media OutReach Newswire - 14 March 2025 – Konica Minolta has been awarded five ...

Silver vs. Gold: Octa Broker's Expert Take on the Future of Precious Metals

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 March 2025 - Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025...

Asia trade set for continued growth despite challenging global business environment, reveals DHL Trade Atlas 2025

India, Vietnam, Indonesia, and the Philippines are forecast to lead in both speed and scale of trade growth from 2024 to 2029 South Asia and Southeast Asia regions set to ach...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy