[Pinwo Food: The consortium has been identified as an investor in the reorganization of Taishan Beer] On November 9, Pinwo Food (300892.SZ) announced that the consortium formed by the company, Taian Zhiyi Cultural Investment Partnership and Taian Xinyi Cultural Investment Partnership has been identified as an investor in the bankruptcy reorganization of Shandong Taishan Beer Co., Ltd. Tai Beer Co., Ltd. is mainly engaged in the research and development, production and sales of puree beer. As of October 31, 2025, its assets totaled 622 million yuan and its liabilities totaled 663 million yuan. The company stated that this investment aims to strengthen the layout of the alcoholic beverage business and complement the existing beer business. This matter still needs to reach an agreement with creditors on the reorganization plan and be approved by the court. There is uncertainty and may constitute a major asset reorganization. In terms of the business of the underlying assets, its main business is pure beer with a short shelf life, which already has strong market competitiveness and brand influence.