Announcement on the Repurchase of Certain Domestic Listed Foreign Shares (B Shares) and Reduction of Registered Capital, and Notification to Creditors

Yantai Zhangyu Grape Wine Co., Ltd. (hereinafter referred to as "the Company" or "this Company", Unified Social Credit Code: 913700002671000358; Stock Codes: 000869, 200869) held its 2025 Annual General Meeting on May 22, 2026, where it approved the "Plan for the Repurchase of Certain Domestic Listed Foreign Shares (B Shares)." According to the aforementioned B share repurchase plan, the Company will implement the repurchase of domestic listed foreign shares (B shares) through centralized bidding, based on its financial and operational conditions, with a total repurchase amount not exceeding RMB 67.4 million to 100 million, and a repurchase price not exceeding HKD 11.49 per share. If the Company implements dividend distribution, stock issuance, capital reserve transfer to increase capital, stock splits, consolidations, rights issues, or other actions affecting the stock price during the repurchase period, the upper limit of the repurchase price will be adjusted accordingly from the date of ex-dividend based on the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The repurchase period will not exceed 12 months from the date of approval of the repurchase plan by the general meeting of shareholders,