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Jiangsu Yanghe Brewery (002304.SZ)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rmb)	Price Target (Rmb)	Rating
2022-03-30	136.77	245.00	Buy
2022-05-16	157.50	210.00	Buy
2022-11-08	137.40	183.00	Buy
2023-02-10	171.97	215.00	Buy
2023-04-26	149.55	216.50	Buy
2023-06-29	131.95	196.00	Buy
2023-10-29	121.94	177.95	Buy
2024-01-06	101.70	133.85	Buy
2024-04-29	95.86	121.06	Buy
2024-07-26	80.86	83.48	Neutral
2024-10-31	80.39	78.02	Neutral
2025-05-06	68.79	69.31	Neutral

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.