Shanghai Jinfeng Wine announced that the company's board of directors received the resignation application from Director Deng Chunshan on October 11, 2024. Due to work adjustments, Deng Chunshan applied to resign from the company's board of directors and the board of directors' global strategy committee, audit committee, compensation and assessment committee member positions. According to relevant regulations, Deng Chunshan's resignation application will take effect from the date of delivery to the company's board of directors. His resignation did not result in the board of directors falling below the statutory minimum number of members, and will not affect the board of directors' lawful and normal operation of production and operation. The company will promptly complete the supplementary election of directors.