Stock Code: 000568 Stock abbreviation: Luzhou Laojiao Announcement No. 2026-36

Luzhou Laojiao Co., Ltd. Q3 2026 Report

Luzhou Laojiao Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions.

Important Statements:

1. The Board of Directors as well as directors and senior management guarantee that the information presented in this report is free of any false records, misleading statements or material omissions, and shall individually and together be legally liable for truthfulness, accuracy and completeness of its contents.

2. The responsible person for the Company, the responsible person for accounting work and the responsible person for the Company’s financial affairs (Accounting Supervisor) have warranted that the financial statements in this report are true, accurate and complete.

3. Whether the financial statements of this report have been audited by an auditor

□Yes  No

This report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.

1. Key financial information

1.1 Key accounting data and financial indicators

Whether the Company performed a retroactive adjustment to or restatement of accounting data. □Yes  No

1.2 Non-recurring gains and losses

 Applicable □ N/A

Unit: CNY

Other items that meet the definition of non-recurring gain/loss:

Applicable ☑ N/A

No such cases for the reporting period.

Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public-Non-Recurring Gains and Losses as a recurring gain/loss item.

Applicable ☑ N/A

No such cases for the reporting period.

1.3 Changes in key financial data and indicators and reasons for the changes

☑ Applicable □ N/A

A. The closing balance of held-for-trading financial assets decreased by CNY 963,883,715.01 compared to the opening balance at the beginning of the year, indicating a decrease of 60.82%. It was mainly due to the redemptions upon maturity of wealth management products in the current period.

B. The closing balance of accounts receivables increased by CNY 26,349,718.64 compared to the opening balance at the beginning of the year, indicating an increase of 433.70%. It was mainly due to an increase in receivables from overseas operations.

C. The closing balance of other current assets decreased by CNY 201,381,343.47 compared to the opening balance at the beginning of the year, indicating a decrease of 46.78%. It was mainly due to the offsetting in the current period of the opening amount of overpaid tax.

D. The closing balance of Investment property decreased by CNY 36,736,080.86 compared to the opening balance at the beginning of the year, indicating a decrease of 76.70%. It was mainly due to the reclassification of certain previously rented properties for own use in the current period.

E. The closing balance of other non-current assets increased by CNY 353,418,201.97 compared to the opening balance at the beginning of the year, indicating an increase of 53.16%. It was mainly due to the increased prepayment for long-term assets—the Chengdu Innovation and Development Center Building—in the current period.

F. The closing balance of short-term loans increased by CNY 3,001,758,333.34 compared to the opening balance at the beginning of the year. It was mainly due to a one-year bank loan arranged to meet the Company’s production and operation needs.

G. The closing balance of contract liabilities decreased by CNY 1,050,974,009.30 compared to the opening balance at the beginning of the year, indicating a decrease of 31.21%; and the closing balance of other current liabilities decreased by CNY 136,049,291.25 compared to the opening balance at the beginning of the year, indicating a decrease of 31.14%. It was mainly due to a decrease in advance payments from customers in the current period.

H. The closing balance of taxes payable decreased by CNY 527,905,594.75 compared to the opening balance at the beginning of the year, indicating a decrease of 32.73%. It was mainly due to the payment in the current period of the taxes payable as at the end of last year.

I. The closing balance of other payable decreased by CNY 188,984,513.12 compared to the opening balance at the beginning of the year, indicating a decrease of 30.69%. It was mainly due to the unlocking of the restricted share incentive plan, resulting in a decrease in liabilities recognized for repurchase obligations.

J. The closing balance of non-current liabilities due within one year decreased by CNY 1,847,332,482.89 compared to the opening balance at the beginning of the year, indicating a decrease of 45.34%. It was mainly due to the repayment of due loans.

K. The closing balance of long-term loans decreased by CNY 1,899,364,419.42 compared to the opening balance at the beginning of the year, indicating a decrease of 72.30%. It was mainly due to the reclassification of long-term loans due within one year.

L. The closing balance of treasury stock decreased by CNY 157,697,194.85 compared to the opening balance at the beginning of the year, indicating a decrease of 98.79%. It was mainly due to the relevant reversal as a result of the unlocking of restricted shares in the current period.

M. The closing balance of other comprehensive income decreased by CNY 84,745,736.43 compared to the opening balance at the beginning of the year, indicating a decrease of 59.00%. It was mainly due to the decreased fair value of equity investments and the disposal of equity interests in North Chemica Industries Co., Ltd. and other investees in the current period.

N. Operating revenues in the current Q1-Q3 period decreased by CNY 8,459,843,339.40 compared to the same period of last year, indicating a decrease of 36.58%. It was mainly due to the decreased product sales volume in the current period.

O. Investment income in the current Q1-Q3 period increased by CNY 49,539,347.31 compared to the same period of last year, indicating an increase of 88.11%. It was mainly due to the increased earnings of investee Huaxi Securities and the decreased note discount expenses.

P. Total profits before tax in the current Q1-Q3 period decreased by CNY 7,078,980,212.15 compared to the same period of last year, indicating a decrease of 48.53%. It was mainly due to an overall decrease in product sales volume and product mix adjustments.

Q. Income tax expenses in the current Q1-Q3 period decreased by CNY 2,005,245,890.20 compared to the same period of last year, indicating a decrease of 52.87%. It was mainly due to a decrease in tota profits before tax in the current period.

R. Net profit attributable to non-controlling interests in the current Q1-Q3 period increased by CNY 17,601,085.84 compared to the same period of last year, indicating an increase of 54.50%. It was mainly due to a year-on-year growth in net profit of non-wholly-owned subsidiaries in the current period.

S. Net cash flows from operating activities in the current Q1-Q3 period decreased by CNY 5,377,177,456.72 compared to the same period of last year, indicating a decrease of 54.74%. It was mainly due to a decrease in cash received from sale of goods in the current period.

T. Net cash flows from investing activities in the current Q1-Q3 period increased by CNY 248,690,732.17 compared to the same period of last year. It was mainly due to the decreased investments in long-term assets in the current period.

U. Cash received from borrowings in the current Q1-Q3 period increased by CNY 3,319,635,580.58 compared to the same period of last year. It was mainly due to new one-year bank borrowings raised in the current period.

V. Cash paid for debt repayments in the current Q1-Q3 period increased by CNY 1,340,700,000.00 compared to the same period of last year, indicating an increase of 49.29%. It was mainly due to the repayment of mature long-term loans in the current period.

2. Shareholder information

2.1 Total numbers of common shareholders and preference shareholders with resumed voting rights as well as shareholdings of top 10 shareholders

Unit: Share

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

□ Applicable  N/A

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior period

□ Applicable  N/A

2.2 Total number of preferred shareholders and shareholdings of the top 10 preferred shareholders

□ Applicable  N/A

3. Other significant events

 Applicable □ N/A

A. Progress on the restricted share incentive plan

a. On February 4, 2026, the Company held the 21st Meeting of the 11th Board of Directors, at which the Proposal on the Satisfaction of Unlocking Conditions for the Second Unlocking Period of the Reserved Restricted Shares under the 2021 Restricted Share Incentive Plan, the Proposal on the Satisfaction of Unlocking Conditions for the Third Unlocking Period of the 2021 Restricted Share Incentive Plan, and the Proposal on the Repurchase and Retirement of Certain Restricted Shares and the Adjustment of Repurchase Price were reviewed and approved. On February 5, the Company disclosed the Announcement on the Repurchase and Retirement of Certain Restricted Shares to Reduce Registered Capital and Notice to Creditors. By the expiration of the declaring period, the Company had not received any declaration from the relevant creditors for early payout of debts or provision of guarantee.

b. On February 13, 2026, the Company disclosed the Reminder Announcement on Unlocked Shares in the Second Unlocking Period of the Reserved Restricted Shares under the 2021 Restricted Share Incentive Plan Being Allowed for Public Trading, as well as the Reminder Announcement on Unlocked Shares in the Third Unlocking Period under the 2021 Restricted Share Incentive Plan Being Allowed for

Public Trading. As such, the unlocked restricted shares in the second unlocking period of the reserved restricted shares and in the third unlocking period under the 2021 Restricted Share Incentive Plan were allowed for public trading on February 24, 2026.

c. On June 3, 2026, the Company disclosed the Announcement on the Completion of the Repurchase and Retirement of Certain Restricted Shares. As at June 3, 2026, the Company completed the repurchase and retirement of 40,500 restricted shares.

d. On September 16, 2026, the Company held the 29th Meeting of the 11th Board of Directors, at which the Proposal on the Satisfaction of Unlocking Conditions for the Third Unlocking Period of the Reserved Restricted Shares under the 2021 Restricted Share Incentive Plan was reviewed and approved. On September 17, the Company disclosed the Announcement on the Satisfaction of Unlocking Conditions for the Third Unlocking Period of the Reserved Restricted Shares under the 2021 Restricted Share Incentive Plan.

e. On September 23, 2026, the Company disclosed the Reminder Announcement on Unlocked Shares in the Third Unlocking Period of the Reserved Restricted Shares under the 2021 Restricted Share Incentive Plan Being Allowed for Public Trading. As such, the unlocked restricted shares in the third unlocking period of the reserved restricted shares under the 2021 Restricted Share Incentive Plan were allowed for public trading on September 28, 2026.

B. The Company invested in the Technical Renovation Project of Intelligent Baijiu Production (Phase I) with the wholly-owned subsidiary, Luzhou Laojiao Baijiu Production Co., Ltd., as the implementer. The total investment amount approximated CNY 4,782.5090 million. For further information, see Announcement No. 2022-24 on the Implementation of Luzhou Laojiao Technical Renovation Project o Intelligent Baijiu Production (Phase I) by Subsidiary. The program is currently under construction.

4. Financial statements

4.1 Financial statements

4.1.1 Consolidated balance sheet

Prepared by: Luzhou Laojiao Co., Ltd.

September 30, 2026

Unit: CNY

Legal representative: Liu Miao

Person in charge of accounting affairs: Xie Hong

Person in charge of accounting department: Song Ying

4.1.2 Consolidated income statement for Q1-Q3

Unit: CNY

Legal representative: Liu Miao Person in charge of accounting affairs: Xie Hong

Person in charge of accounting department: Song Ying

4.1.3 Consolidated statement of cash flows for Q1-Q3

4.2 Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of the New Accounting Standards Implemented since 2026

□ Applicable  N/A

4.3 Auditor’s report

Whether the financial statements of this report have been audited by an auditor □ Yes  No

The said financial statements are unaudited by an auditor.

The Board of Directors of Luzhou Laojiao Co., Ltd. October 30, 2026