Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Shanxi Fenjiu (600809.SS)*

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	254.60	320.00	Neutral
2022-05-16	254.95	255.00	Neutral
2022-09-28	306.85	-	No Rating
2022-10-24	242.84	255.00	Neutral
2022-11-08	258.26	262.00	Neutral
2023-02-10	287.01	310.00	Neutral
2023-07-03	196.17	-	No Rating
2023-11-15	242.51	197.18	Sell
2024-04-29	258.05	213.45	Sell
2024-07-26	182.35	160.18	Sell
2025-05-07	204.27	165.86	Sell

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.