Business Daily Media

Men's Weekly

.

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

Skyborn enters Preferred Supplier Agreement with Fred. Olsen Windcarrier for Gennaker offshore installation vessel

Gennaker's offshore wind turbine transportation and installation will be performed by Fred. Olsen Windcarrier (Fred Olsen). Installation of 63 offshore wind turbines during 2028 i...

Cyberport Leads Nine Start-ups to Join WAIC 2025

Project from the Artificial Intelligence Subsidy Scheme Shortlisted for Top 30 of the SAIL AwardHONG KONG SAR - Media OutReach Newswire - 29 July 2025 - World Artificial Intelligence Conference 20...

Henan Meets SCO: Anyang Receives Acclaim from Media and Think Tank Guests

ANYANG, CHINA - Media OutReach Newswire - 29 July 2025 - From July 23 to 27, the Shanghai Cooperation Organization Media and Think Tank Summit was held in Henan Province. During this event, guests...

SY Holdings Establishes Singapore International Headquarters to Explore Web3.0 Ecosystem and Innovative Applications of Stablecoins

SHENZHEN, CHINA - EQS Newswire - 29 July 2025 - SY Holdings Group Limited ("SY Holdings" or the "Group," stock code: 6069.HK), an "AI + industrial supply chains" digital intelligence technology com...

LANDMARK Invites the Community to 'Find Your Chapter' and Celebrate the Love of Reading This Summer

Rediscover the Joy of Reading This Summer at LANDMARK, Featuring an Engaging Book Stop Pop-Up, Exclusive Promotional Offers, and Curated Literary Experiences for All Ages. HONG KONG SAR - Media Ou...

Seafood Expo Asia Announces Conference Program with Expert-led Sessions on Sustainability, Aquaculture, Fish Processing, Aquafeeds and Consumer Trends in Asian Market

The conference program will begin on the first day of the Expo, which runs from 10-12 September 2025 at the Sands Expo and Convention Centre in Singapore, and continue throughout the three-day even...

Suanova Information, a Yeebo’s Subsidiary, Makes Its Debut at the 2025 WAIC

Securing a Key Role in China's AI Computing Power Sector Driving Industry Innovation and DevelopmentHONG KONG SAR - Media OutReach Newswire - 30 July 2025 - Suanova Information (Shanghai) Limited ...

Storefriendly Introduces New Self-Service Storage System & IoT-Driven Smart Management — Enhanced Facilities to Meet Evolving Customer Needs

HONG KONG SAR - Media OutReach Newswire – 30 July 2025 - Storefriendly Self Storage Group has recently been honored with the prestigious "I&T Award (Hong Kong)" and "ESG Award (Hong Kong)" by ...

Kim Gan Enterprise Commemorates 24 Years in the Automotive and Industrial Supply Sector

SINGAPORE - Media OutReach Newswire - 30 July 2025 - Kim Gan Enterprise Pte. Ltd., an auto parts supplier in Singapore, is celebrating its 24th anniversary this year. Since its founding in 2001, ...

Letright Spotlighted In Nikkei Bizruptors For Revolutionizing Sustainable Luxury In Outdoor Living.

Recognition by Nikkei BizRuptors underscores Letright’s role in redefining eco-conscious luxury in global outdoor livingKUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 30 July 2025 - Letright I...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Landowners Offered $30,000 Per Year for Just 1 Hectare: The Rise of 5MW Battery Projects Across Australia

In a pivotal shift reshaping Australia’s renewable energy landscape, landowners in Queensland, New South Wales, and Victoria are being offered up ...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Sell by LayBy