编辑: 阿拉蕾 2014-08-17
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polaris.com.tw 11/15/2010 Singapore-listed Dukang Distillers Holdings issue TDRs in Taiwan to promote China's Top Ten Wine Culture - Dukang baijiu On

15 November 2010, Dukang Distillers Holdings Limited ("Dukang Distillers" or "the Company") formally submitted their application to the Taiwan Stock Exchange to list Taiwan Depository Receipts (TDRs) in Taiwan. Polaris Securities said that recently, the baijiu market in China is very hot. Not only is the market having short supply of high-end baijiu, the usual off-season summer is not experiencing an off-season this year and the price of baijiu continues to increase, resulting in panic buying from the public. Dukang Distillers' Executive Chairman, Gao Feng, said that Cao Cao, one of the central figures of the Three Kingdoms period, or about

18 centuries ago, likes to drink Dukang baijiu, and his saying of only Dukang baijiu can relieve bereavement also helps to solidify the historical status of Dukang . Until now. Du Kang is still believed to be the father of baijiu, in the eyes of the general public in China. Currently, Taiwan does not have companies that are engaged in manufacturing branded baijiu products. As such, the Company will like to make use of this opportunity from TDR issuance to further promote the "Dukang" brand and to gain recognition from consumers and investors. Dukang Distillers is located in Henan Province, Zhoukou City, and is one of the eight famous wine manufacturers in Henan Province. In May 2010, after completion of the acquisition of Luoyang Dukang, Dukang Distillers succeeded in integrating the historical famous "Dukang" brand. Dukang Distillers is also the only overseas listed Chinese baijiu branded manufacturer. Dukang Distillers is very confident of promoting Dukang wine. In 2003, Dukang wine was reviewed by World Famous Wine Drink Association as "China's Top Ten Wine Culture", and was identified by the state authorities in

2006 with titles like "China Famous Trademark" and "Chinese Reputable Brand". Currently, the Company is engaged in the manufacture and sale of baijiu products under "Dukang" and 'Siwu" brand names, mainly focusing on strong fragrant baijiu with alcohol concentration of between

38 degrees to

52 degrees. www.polaris.com.tw 11/15/2010 Currently, Dukang Distillers has 2,968 fermentation pools, with an annual production capacity of 7,500 tonnes of grain alcohol and 90,000 tonnes of finished wine for Dukang baijiu. In addition, Dukang Distillers has another 1,548 fermentation pools, with an annual production capacity of 2,890 tonnes of grain alcohol and 39,790 tonnes of finished wine for Siwu baijiu. As of June 2010, Dukang Distillers' annual revenue is RMB

780 million, with a gross margin of about 32%. Baijiu, which is brewed using distilled grain mixture, accounts for 70% to 90% of the total alcoholic beverages' sales in China, and is the world's top selling alcoholic beverage. The baijiu market in China is huge and mature, with an average total sales growth rate of 30% for large-scale enterprises in the baijiu industry. Henan is the most populous province in China, and is also the province with top baijiu consumption, with a rough estimate of market size to be RMB

18 billion or more. In addition, as majority of the baijiu market in Taiwan belongs to light fragrant type and after the signing of Economic Cooperation Framework Agreement (ECFA), the opening up of Chinese baijiu market is now within reach and there bounds to have more opportunities to promote the strong fragrant type of baijiu, which is popular in China, bringing about another choice for the Taiwanese consumer market. www.polaris.com.tw 11/15/2010 星国杜康控股?台发? TDR,推广中国十大名酒-杜康酒 杜康控股於今(15)日正式向台湾证券交?所提出台湾存托凭证(TDR)申请.主办 券商宝?证券表示,近期中国白酒市场火热,?但高档白酒供?应求,今?夏天? 出现淡季?淡的现象,且白酒价格?断上涨,激起民众抢购. 杜康控股执?主席高峰指出,曹操喜饮杜康白酒,「何以解忧,唯有杜康」一 ?话,?奠定?杜康酒的?史地位,至今杜康仍是中国人心目中的酒祖.目前台湾 尚未有白酒品牌制造商?型公司,本次拟藉由 TDR 的发?,进一步推广杜康品牌, 获得?多消费者与投资人认同. 杜康控股位於河南?周口市,是河南?八大名酒生产厂家之一.在2010 ?5月完成?阳杜康的收购之后,杜康控股成功整合??史名酒「杜康」品牌.该公司? 是唯一一家在海外上市的中国白酒品牌与制造商. 杜康酒在

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