Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary) Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2018-017 ANHUI GUJING DISTILLERY COMPANY LIMITED INTERIM REPORT 2018 (SUMMARY) Part I Important Notes This Summary is based on the full text of the 2018 Interim Report of Anhui Gujing Distillery Company Limited (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results, financial condition and future development plans, investors should carefully read the aforesaid full text, which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”). Independent auditor’s modified opinion: □ Applicable √ Not applicable Board-approved interim cash and/or stock dividend plan for ordinary shareholders: □ Applicable √ Not applicable The Company has no interim dividend plan, either in the form of cash or stock. Board-approved interim cash and/or stock dividend plan for preferred shareholders: □ Applicable √ Not applicable This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail. Part II Key Corporate Information 1. Stock Profile Gujing Distillery, Gujing Stock name Stock code 000596, 200596 Distillery-B Stock exchange for stock listing Shenzhen Stock Exchange Contact information Board Secretary Securities Representative Name Ye Changqing Mei Jia Gujing Town, Bozhou City, Anhui Province, Gujing Town, Bozhou City, Anhui Province, Office address P.R.China P.R.China Tel. (0558)5712231 (0558)5710057 E-mail address gjzqb@gujing.com.cn gjzqb@gujing.com.cn 1 Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary) 2. Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below. □ Yes √ No H1 2018 H1 2017 Change (%) Operating revenue (RMB) 4,783,083,895.33 3,670,127,764.59 30.32% Net profit attributable to the listed 892,422,337.64 548,889,891.65 62.59% company’s shareholders (RMB) Net profit attributable to the listed company’s shareholders before exceptional 872,348,474.12 483,955,014.12 80.25% items (RMB) Net cash generated from/used in operating 668,946,891.61 425,365,224.08 57.26% activities (RMB) Basic earnings per share (RMB/share) 1.77 1.09 62.39% Diluted earnings per share (RMB/share) 1.77 1.09 62.39% Weighted average return on net assets (%) 13.94% 9.86% 4.08% 30 June 2018 31 December 2017 Change (%) Total assets (RMB) 11,210,703,795.70 10,152,862,119.05 10.42% Net assets attributable to the listed 6,802,798,440.44 6,459,078,378.38 5.32% company’s shareholders (RMB) 3. Shareholders and Their Holdings at Period-End Unit: share Number of preferred Number of ordinary shareholders 18,171 shareholders with resumed 0 voting rights (if any) Top 10 shareholders Name of Nature of Shareholding Number of Pledged or frozen shares Restricted shares shareholder shareholder percentage shares Status Shares ANHUI GUJING State-owned GROUP 53.89% 271,404,022 Pledged 114,000,000 legal person COMPANY LIMITED NORGES Foreign legal 2.89% 14,554,480 BANK person GAOLING Foreign legal 2.47% 12,446,408 FUND,L.P. person AGRICULTUR AL BANK OF CHINA- E FUND CONSUMPTIO Other 1.49% 7,485,278 N SECTOR STOCK SECURITIES INVESTMENT FUND CHINA INT'L CAPITAL Foreign legal CORP HONG 1.46% 7,372,976 person KONG SECURITIES 2 Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary) LTD UBS (LUX) EQUITY FUND Foreign legal - CHINA 1.41% 7,096,361 person OPPORTUNIT Y (USD) CENTRAL HUIJIN ASSET State-owned 1.30% 6,543,600 MANAGEMEN legal person T CO., LTD. GREENWOOD S CHINA Foreign legal ALPHA 0.98% 4,939,963 person MASTER FUND UBS (LUX) EQUITY FUND Foreign legal 0.90% 4,541,338 - GREATER person CHINA (USD) 3W GREATER Foreign legal CHINA FOCUS 0.70% 3,529,479 person FUND Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing Group Company Limited—is not a connected party of other shareholders; nor are they parties acting in Connected or acting-in-concert concert as defined in the Administrative Measures on Information Disclosure of Changes in parties among shareholders Shareholding of Listed Companies. As for the other shareholders, the Company does not know above whether they are connected parties or whether they belong to parties acting in concert as defined in the Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies. Shareholders conducting margin N/A trading (if any) 4. Change of Controlling Shareholder or Actual Controller in Reporting Period Change of the controlling shareholder in the Reporting Period: □ Applicable √ Not applicable The controlling shareholder remained the same in the Reporting Period. Change of the actual controller in the Reporting Period: □ Applicable √ Not applicable The actual controller remained the same in the Reporting Period. 5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable No preferred shareholders in the Reporting Period. 6. Corporate bonds Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue before the date of this Report’s approval or were due but could not be redeemed in full? No. 3 Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary) Part III Operating Performance Discussion and Analysis 1. Business Overview of Reporting Period Is the Company subject to any disclosure requirements for special industries? No. In the first half of 2018, China’s economy was generally stable and further restructuring was seen. As for the liquor and spirits industry, concentration was increasing. Under the common efforts of the Board and all the staff, for the six months from January to June 2018, the Company recorded operating revenue of RMB4,783 million, up 30.32% compared to the same period of last year; and a net profit attributable to the Company as the parent of RMB892 million, representing a year-on-year growth of 62.59%. As such, the operating goals that the Company had set for the first half of 2018 at the beginning of the year were all accomplished. To achieve that, the Company took the following main measures in the Reporting Period: ① continuously strengthening branding with more investments to carry forward the brand revitalization programme; ② promoting digital marketing to carry on with the “5.0” strategy; ③ reinforcing quality control, which has resulted in higher-quality liquor and spirits; ④ stimulating endogenous driving force through better management; ⑤ strengthening safety and environmental protection management to ensure smooth operations; ⑥ enhancing system and risk assessment to optimize business processes; and ⑦ improving corporate culture by promoting party committee-management integration. 2. Matters Related to Financial Reporting (1) Changes in Accounting Policies, Accounting Estimates or Measurement Methods Compared to Last Accounting Period □ Applicable √ Not applicable No such changes. (2) Retrospective Restatements due to Correction of Material Accounting Errors in Reporting Period □ Applicable √ Not applicable No such cases. (3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period □ Applicable √ Not applicable 4