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回购注销部分限制性股票相关事项之独立财务顾问报告
Yantai Changyu Pioneer Wine: Independent financial advisor's report on the repurchase and cancellation of restricted stocks under Yantai Changyu Grape Wine Co., Ltd.'s 2023 Restricted Stock Incentive Plan, according to Citic Sec.
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