Kweichow Moutai has announced a joint venture with Moutai Group to establish Kweichow Moutai Distillery (Group) Science and Technology Research Institute Co., Ltd. In this venture, Kweichow Moutai has invested 490 million yuan in cash and experimental equipment, holding a 49% stake in the company. Meanwhile, Moutai Group has contributed 510 million yuan in cash and technology infrastructure, securing a 51% shareholding. The proposal has garnered approval from the company's independent directors, with related directors abstaining from voting.
