[Disbandment of the dealer association “in batches”? Moutai’s response】October 11th: Recently, there have been rumors in the wine circle that Moutai dealer associations in various places were disbanded in batches. After a period of fermentation, the relevant parties finally responded to the outside world. Multiple media reported on October 10 that market staff of the Kweichow Moutai Liquor Sales Company learned that in accordance with the relevant requirements for the standardized construction and operation of social organizations, the dealer associations and inheritor work departments of all provinces and regions have stopped their daily work. However, relevant people said that the suspension of daily operations of the above-mentioned institutions will not affect the regional market business. Routine market work such as Moutai liquor sales and brand launch in various provinces and regions is still progressing in a normal and orderly manner. This adjustment is a systematic review and optimization of relevant supporting operating mechanisms by Moutai in response to the relevant national requirements on the standardized management of social organizations. In addition, in response to rumors circulating in the market that "Moutai has stopped financial support for dealer tasting meetings", relevant personnel from the Kweichow Moutai Liquor Sales Company stated that Moutai has not stopped supporting channel market activities. However, it should be reminded that as of press time, Kweichow Moutai’s official platform has not yet officially issued a relevant statement. (Securities Times)