(10 May 2022 – Hong Kong) CIMC Enric Holdings Limited (“CIMC Enric” or “the Company”) together with its subsidiaries (the “Group”) (Stock Code: 3899.HK) is pleased to announce that the Company’s subsidiary CIMC Liquid Process Technology Co., Ltd won the bid for the Gaojiang Meili Factory Project of Guizhou Gaojiang Jiuye Co., Ltd. ( “Gaojiang Jiuye”), a subsidiary of Shanghai Guijiu Co., Ltd. ( “Shanghai Guijiu”). CIMC Enric will manufacture and install stainless steel tanks for use in the project.

The Gaojiang Meili Factory project requires upgrading the technology used to produce sauce-aroma Baijiu to generate an annual output of 10,000 tons of Guojiang Jiuye. The project includes the construction of five baijiu storage tanks and one blending workshop. These five Baijiu storage tanks contain 2 sets of 950m³ stainless steel storage tanks, 10 sets of 800m³ stainless steel storage tanks, 12 sets of 500m³ stainless steel storage tanks and 10 sets of 300m³ stainless steel tanks, pump station of storage tank, external pipe network and auxiliary equipment for the above systems. In the blending workshop, there are 4 sets of 500m³ stainless steel blending tanks, 12 sets of 100m³ stainless steel blending tanks, pump station of blending workshop, external pipe network, and auxiliary equipment for the above systems.

Headquartered in Lujiazui, Pudong, Shanghai, Shanghai Guijiu is a well-known liquor listed company (Stock Code: 600696.SH). The Group has a comprehensive and diversified portfolio of businesses that includes Baijiu investment, mergers and acquisitions, manufacturing, sales, franchising, innovative technology and so on. Its Gaojiang Jiuye production facility locates in the famous liquor industrial park of Maotai Town, Renhuai City, Guizhou Province. Gaojiang Jiuye is the vice president unit of Renhuai Jiuye Association of Guizhou Province and one of “The Top 100 China Spirits Enterprises in Renhui, China’s liquor capital”. The Gaojiang Jiuye is modernizing its manufacturing process to improve its factory infrastructure and reduce its impact on the environment. CIMC Enric will facilitate Gaojiang Jiuye to achieve “mechanization, automation, information and intelligence gathering” of its Meili Factory via the bid.

Renhuai Municipal Party Committee and Renhuai Municipal Government are seeking to build the World’s core production center for sauce-aroma Baijiu using the most advanced technology to produce the highest standard and outstanding quality Baijiu with the goal of establishing the most distinctive brands and culture and generating total industrial output value of Baijiu of more than RMB200 billion by 2025. Major domestic Baijiu enterprises have started to build or transform intelligent brewing factories or workshops during the past two to three years. Automated and intelligent brewing equipment has been widely used in the production of Baijiu.

Mr. Yang Xiaohu, Executive Director and General Manager of CIMC Enric, said, “Intelligent brewing is a new production mode for the transformation of Baijiu production and the realization of high-quality development of the industry. With the gradual rise in domestic labor costs and the continuous increase in demand for Baijiu, automation has become the trend of the times. Through upgrading production technology, Chinese Baijiu enterprises further refine their automation and intelligence while simultaneously reducing resources required, environmental impact and manual errors resulting in improved stability of wine quality. We are actively seizing these new business opportunities brought by industrialization and intelligent upgrading of the Baijiu production process by providing high-quality equipment and engineering services to facilitate the transformation and upgrade of the industry.”

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About CIMC Enric Holdings Limited

Founded in 2004, CIMC Enric Holdings Limited has been listed on the Stock Exchange of Hong Kong since 2005. The Company is affiliated to China International Marine Container (Group) Ltd. (“CIMC”) and is principally engaged in the distribution, storage and filling equipment that is widely used for the clean energy, chemical, environmental and liquid food industries. CIMC Enric is one of the industry’s leading integrated-service providers and key equipment manufacturers. The Company is a major player in both the production and sales of ISO liquid tanks, as well as high-pressure gas storage and transport vehicles. It is among China’s leading companies in the cryogenic transport vehicles and cryogenic storage tanks market; and among the top three in terms of domestic market share for large storage tanks for LNG receiving stations, modular products for LNG refueling stations, and CNG refueling stations. Meanwhile, the Company has a comprehensive plan for a complete hydrogen energy industry chain with CIMC Hydrogen Energy Tech as its platform. It has built a global marketing network with over 20 subsidiaries located in China, the Netherlands, Germany, Belgium, the United Kingdom and Canada that operate production bases and advanced R&D centers. For more information, please visit http://www.enricgroup.com