Research Disclosures & Disclaimers

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products.

Kweichow Moutai (600519.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
2022-03-25	1690.00	2400.00	Buy
2022-05-16	1758.00	2100.00	Buy
2022-11-08	1484.88	1800.80	Buy
2023-02-10	1810.00	2200.00	Buy
2024-01-06	1663.36	1920.47	Buy
2024-04-03	1715.11	1920.50	Buy
2024-07-26	1422.19	1399.73	Neutral
2025-04-07	1500.00	1531.66	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.