Announcement on the First Repurchase of the Company's Domestic Listed Foreign Shares (B Shares)

Securities Code: 000869, 200869 Securities Abbreviation: Changyu A, Changyu B Announcement No.: 2026—Lin 29 Yantai Changyu Pioneer Wine Company Limited Announcement on the First Repurchase of the Company's Domestic Listed Foreign Shares (B Shares) The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions. I. Overview of Share Repurchase Matters Yantai Changyu Pioneer Wine Company Limited (hereinafter referred to as the "Company" or "this Company") held the fifth meeting of the tenth Board of Directors on April 16, 2026, and the 2025 annual shareholders' meeting on May 22, 2026, and deliberated and passed the "Proposal on Repurchasing Part of the Company's Domestic Listed Foreign Shares (B Shares)". According to the above B share repurchase plan, the Company will, based on its own financial and operating conditions, implement the repurchase of domestic listed foreign shares (B shares) through centralized bidding transactions, with a total repurchase fund of RMB 67.4 million to RMB 100 million, and a repurchase price not exceeding HKD 11.49 per share (if the Company implements ex-rights and ex-dividend matters such as dividend distribution, bonus share issue, capital reserve transfer to share capital, stock split, reverse stock split, rights issue, etc. during the repurchase period, the upper limit of the repurchase price will be adjusted accordingly from the date of ex-rights and ex-dividend, in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange). The repurchase period shall not exceed 12 months from the date the shareholders' meeting deliberated and pa