Shede Liquor Co., Ltd. 2021 First Extraordinary General Meeting of Shareholders Resolution Announcement

Stock code: 600702 Securities abbreviation: Shede Wine Announcement number: 2021-068

The Board of Directors and all Directors of the Company warrant that the contents of this announcement are free from any misrepresentation, misleading statement or material omission and accept sole and several liability for the truthfulness, accuracy and completeness of the contents.

Important Content Tips:

● Whether there is a veto at this meeting: None

1. Convening and attendance of meetings

(2) Venue of the General Meeting of Shareholders: Conference Room of the Company Art Center

(iii) Ordinary shareholders present at the meeting and preferred shareholders whose voting rights have been restored and their shares held:

(4) Whether the voting method complies with the provisions of the Company Law and the Articles of Association of the Company, and the presiding status of the general meeting.

The shareholders' meeting was convened by the company's board of directors, using a combination of on-site voting and online voting, the company's chairman Mr. Zhang Shuping could not attend the meeting due to work reasons, and the on-site meeting was presided over by Mr. Pu Jizhou, vice chairman of the company. The convocation, convocation and voting methods of the meeting comply with the relevant provisions of the Company Law and the Articles of Association of the Company.

(5) The attendance of the company's directors, supervisors and secretary of the board of directors

1. The company has 9 directors and 2 people in attendance, Mr. Zhang Shuping, chairman of the board, Mr. Huang Zhen, Mr. Wu Yifei, Ms. Hao Yuming, Mr. Zou Chao, and independent directors Mr. Song Zhijie and Mr. Liu Shoumin did not attend the meeting due to work reasons;

2. The company has 5 supervisors and 2 people attending, Ms. Wang Jin, non-employee representative supervisor, Ms. Liu Ziyue and Mr. Deng Yonghong, employee representative supervisors, all of whom did not attend the meeting due to work reasons;

3. Mr. Zhang Wei, secretary of the board of directors of the company, attended the meeting; some senior management of the company attended the meeting as observers.

2. Deliberation of bills

(1) Non-cumulative voting proposals

1. Name of the Proposal: "Proposal on Adjusting the Use of the Remaining Shares in the Company's Special Securities Account for Repurchase and Cancellation"

Outcome of the deliberations: Adopted

Voting Status:

2. Name of the proposal: "Proposal on Reducing the Registered Capital of the Company and Amending the > of the Articles of Association of the <"

(2) Voting of shareholders with less than 5% in connection with major matters

(iii) A note of the relevant information on the voting of motions

Proposals 1 and 2 are proposals that involve the passage of special resolutions, which have been passed by more than two-thirds of the total number of shares with valid voting rights.

3. Lawyers witness the situation

1. The law firm witnessed at the shareholders' meeting: Beijing Kangda (Chengdu) Law Firm

Lawyers: Yang Bo, Wang Hongen

2. Lawyers witness concluding observations:

The convocation and convocation procedures, the qualifications of the convener and the participants, the voting procedures and voting results comply with the provisions of the Company Law, the Rules of the General Meeting of Shareholders and other laws, administrative regulations, departmental rules, normative documents and the Articles of Association of the Company, and are all legal and valid.

4. Directory of documents for reference

1. Resolutions of the shareholders' general meeting signed and confirmed by the directors and recorders present at the meeting and stamped with the seal of the board of directors;

2. A legal opinion signed by the director of the witnessed law firm and affixed with the official seal.

Shede Liquor Co., Ltd

September 29, 2021