This announcement is a separate document:
张 裕Ａ：中信证券股份有限公司关于烟台张裕葡萄酿酒股份有限公司2023年限制性股票激励计划第一个解除限售期解除限售条件成就之独立财务顾问报告
Yantai Changyu Pioneer Wine: CITIC Securities Co., Ltd. independent financial advisor report on the first lifting of restricted shares of Yantai Changyu Pioneer Wine Co., Ltd.'s 2023 restricted stock incentive plan.
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