Jiangsu King's Luck Brewery reports funds occupied by affiliates

Jiangsu King's Luck Brewery JSC (SSE:603369) has released a special statement concerning the occupation of funds by its controlling shareholder and other related parties during the 2024 fiscal year. The announcement includes a summary of non-operating fund occupation and other related-party fund transactions. The financial statement, audited by Tianzhi International Certified Public Accountants, reveals that funds were used by subsidiaries, including Shanghai Xiyuan Investment Management and Jiangsu Jinshiyuan Beverage Co., Ltd. These transactions involved non-operating fund usage, with a total of CNY 78,871,116.40. While the transactions are characterized as non-operating and周转性资金往来, Jiangsu Jinshiyuan maintains that the report is a transparent disclosure. The matter has been reviewed and approved by directors Chen Bolin, Zhu Le, and Yang Jing.