Industry sources say Kweichow Moutai's price adjustments this year have been
made on market supply-demand judgments under principles of market alignment,
relative stability and volume-price balance. The latest change to iMoutai
platform product prices reflects use of the firm's self-operated channel as a
market balancer and stabilizer and is part of a series of market-oriented
reforms to ensure fair, convenient and authentic consumer access. As the
self-operated system's core, iMoutai will further strengthen price guidance,
actively compress speculative space and reinforce Moutai's ability to maintain
market order.