PUER LANCAANG ANCIENT TEA CO., LTD. (LANCAG TEA) HAS PUBLISHED ITS 2023 ANNUAL REPORT COVERING THE FISCAL YEAR ENDED DECEMBER 31, 2023. The report consists of several sections such as company overview, financial summary, corporate governance report and audit report. As a leading tea brand in China, Lancang tea has strict quality control and more than twenty years of development history. The company's main product lines include 1966, Mama Tea and Island Tea to meet the needs of different consumer groups. LANCANG TEA HAS ESTABLISHED A COMPREHENSIVE SALES NETWORK COVERING MAJOR CITIES AND ECOMMERCE PLATFORMS IN CHINA. The company is committed to providing true taste and healthy tea products using high quality raw materials, unique production technologies and strict quality control. The report...Show More

PUER LANCAANG ANCIENT TEA CO., LTD. (LANCAG TEA) HAS PUBLISHED ITS 2023 ANNUAL REPORT COVERING THE FISCAL YEAR ENDED DECEMBER 31, 2023. The report consists of several sections such as company overview, financial summary, corporate governance report and audit report. As a leading tea brand in China, Lancang tea has strict quality control and more than twenty years of development history. The company's main product lines include 1966, Mama Tea and Island Tea to meet the needs of different consumer groups. LANCANG TEA HAS ESTABLISHED A COMPREHENSIVE SALES NETWORK COVERING MAJOR CITIES AND ECOMMERCE PLATFORMS IN CHINA. The company is committed to providing true taste and healthy tea products using high quality raw materials, unique production technologies and strict quality control. The report also includes information on the Company's Board of Directors, Boards of Supervisors and committees such as Audit, Remuneration Assessment, Nomination and Strategy. THE AUDITOR OF THE FIRM IS PU WAWONG ROAD, AND THE LEGAL ADVISORS ARE KHOO & CO. AND KANDA (HONG KONG) LAW FIRM IN BEIJING. The company's main business location is located in the Lançleroi Autonomous County, Pu'er City, Yunnan Province, China, and has its main business location in Hong Kong. The company's stock code is 06911.HK and the website is www.lcgc.cn. Major banks include Industrial and Commercial Bank of China Limited and Bank of China Limited, etc. The H share register is Jujia Investor Services Limited, Hong Kong. The report details revenue, profit, assets and liabilities data for fiscal 2023. The Chairman and Board of Directors expressed their gratitude to shareholders and outlined the company's milestone events, including the listing of H shares on the Stock Exchange main board on December 22, 2023. The report discusses the Company's business overview, market outlook, overall business performance, environmental policy, compliance with laws and regulations, final dividend proposal, suspension of registration of share transfers, deduction and payment of corporate income tax by non-resident shareholders, fixed assets, borrowings, share capital, undistributed profits, financial statements, directors supervisors and supervisors, service contracts, interests involving competing businesses, interests of significant shareholders, purchase, sale or redemption of listed securities, agreements related to equity, changes in directors' and supervisory information, management contracts, significant events after the reporting period, remuneration of directors, supervisors and individuals with the highest remuneration in the top five, Retirement benefit plans, donations, accounting guidelines, auditors, joint company secretaries, communication with shareholders and investors, dividend policy and articles of incorporation.