On December 28, 2022, the 2022 Chinese Listed Company Investment Value Summit and China Investment Fund Star Summit, jointly organized by the China Industrial Cooperation Association, Ji’an Financial Information, and TMTPost, were held in Shenzhen. The highly anticipated “Golden Phoenix Tree” award for the investment value of Chinese listed companies was announced at the summit, and VATS Liquor Chain Store Management Joint Stock Co., Ltd. (hereinafter referred to as “VATS Liquor Store”) was awarded the “Golden Phoenix Tree” award for the Best Investor Relations Management among Listed Companies due to its high-quality information disclosure and strong corporate governance capabilities. Li Wei, President of VATS Liquor Store, was invited to attend the Chinese Listed Company Investment Value Summit and deliver a keynote speech.

The “Golden Phoenix Tree” award for the investment value of Chinese listed companies is determined through a combination of self-recommendations from listed companies and recommendations from an expert evaluation panel. It assesses three key criteria: professional data from data agencies, industry brand influence, and future development potential. The evaluation process spans over two months and aims to recognize outstanding industry leading enterprises that consistently innovate and create value for society and shareholders. The “Best Investor Relations Management among Listed Companies” award is selected by the jury from a pool of nearly 5,000 companies listed on the A-share market, based on multiple dimensions such as brand building and operational capabilities on the capital market, construction and effectiveness of the communication channel with investors, crisis handling capabilities, and information disclosure quality.