THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THAT THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED ‘‘WARNING’’ ON THE COVER OF THIS DOCUMENT. GLOSSARY OF TECHNICAL TERMS
‘‘alcoholic beverage market’’ for the purpose of this document, refers generally to the market for drinks produced by fermenting or distilling ethanol from fermentation of grains, fruits or other vegetables, including (i) spirits, including Chinese spirits, such as traditional baijiu, and international spirits consist of brandy, whisky, vodka, rum, gin, tequila and others; (ii) wines from fermented grapes including still wines, sparkling; wines and other wines; (iii) beer brewed from cereal grains; (iv) pre-mixed, such as bottled cocktails and other flavored ready-to-drink alcoholic beverages with relatively lower alcohol content at under 9.0% ABV (alcohol by volume); and (v) others, including ciders, Chinese huangjiu, sake, and others
‘‘brand partner’’ or ‘‘Third-party refers generally to partners who are entitled to the interest of the Brand Partner’’ Third-party Brand Products and have granted us their distribution right in a particular region
‘‘brown spirits’’ generallyrefertospiritswithdarkcolor,suchaswhiskyand cognac
‘‘GFA’’ gross floor area
‘‘In-house Brand Product’’ products that are under arranged production by us and marketed under one of the In-house Brands
‘‘In-house Brand(s)’’ (i) Tao Ti and Meko, to which we are entitled to all rights, titles and interests pursuant to the relevant deed of assignment between Telford Enterprise and Telford Beverage Brands, and (ii) those brands of which we have the exclusive right-to-use pursuant to the relevant trademark license arrangement between Telford Enterprise and/or Global Rising with us. The portfolio of our In- house Brands may be adjusted from time to time
‘‘international spirits and wines’’ for the purpose of this document, refers generally to the international spirits consisting of brandy, whisky, vodka, rum, gin, tequila and others, and wines from fermented grapes consisting of still wines, sparkling wines and other wines
‘‘keg’’ a measurement for liquid volumes. A keg, or half-barrel is 5 U.S. gallons. Since keg sizes are not standardized and vary from country to country, the keg cannot be used as a standard unit of measure for liquid volumes
‘‘KOL’’ key opinion leader
‘‘natural-brew’’ refers generally to a traditional way to brew tea with natural ingredients
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‘‘natural, healthy and functional for the purpose of this document, refers to packaged ready-to- beverages’’ drink soft beverages, with one or more of the attributes of being natural, healthy and/or functional, including flavored packaged ready-to-drink soft beverages such as (i) natural juice and juice flavored beverage, (ii) protein beverage, (iii) functional beverage, (iv) tea beverage, (v) botanical beverage, and (vi) coffee beverage
‘‘off-trade’’ retail outlets, off whose premises the consumption of products usually takes place, such as hypermarkets, supermarkets, convenience stores and specialty retailers in spirits and wines
‘‘on-trade’’ retail outlets, on whose premises the consumption of products usually takes place, such as restaurants, clubs, bars and hotels
‘‘postmix’’ the semi-finished beverage product made from a flavored syrup or concentrate of a soft drink. At the point of sale, typically a fast food restaurant chain or a convenience store chain, the soft drink will be mixed to order from the postmix syrup, chilled and purified water, and carbon dioxide (from a gas cylinder), and usually dispensed from a soda fountain or soda gun
‘‘RTD’’ ready-to-drink
‘‘SKU’’ stock-keeping unit. It is a product code that can be used to search and identify stock and track our inventory. Same product with different size or packaging will be assigned with different product codes for ease of management, and therefore, one product may have more than one SKU
‘‘soft beverage market’’ for the purpose of this document, refers to the packaged ready-to- drink soft beverage market, including (i) packaged water including sparkling water and other water with artificial flavors; (ii) natural juice and juice flavored beverage including beverages that are flavored with natural juice; (iii) protein beverage including beverages with milk or plant-based protein contents; (iv) functional beverage including energy and sports beverages, and other nutritional beverages; (v) carbonated beverage with artificial flavors and no specific health functions; (vi) tea beverage that is made of the extract or concentrates of tea leaves; (vii) botanical beverage that is made from the infusion or decoction of herbs; (viii) coffee beverage that is made of coffee beans or other coffee products; and (ix) other beverages
‘‘white spirits’’ refers generally to colorless spirits, such as gins and vodka
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‘‘Third-party Brand Product’’ products whose distribution right is granted to us and the distribution of which is done through our sales and distribution network; for the purpose of this document, it also includes products that we produce for Third-party Brands. The portfolio of Third-party Brand Products may be adjusted from time to time
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