Moutai pays dividends, and the fund holds Moutai's share, and it can also get dividends and account for the fund assets. This need not worry about fund investors, but be handled by fund managers. Perhaps what this friend wants to ask most is, Maotai has paid dividends. Will this money be distributed to investors? No, because investors hold funds, then the foundation pays dividends to investors. If you own stocks, dividends will be transferred to your stock trading account. Some people may see that the dividend is so high, isn't it particularly good? Look at the share price of Kweichow Moutai today, which is lower. Therefore, whether the dividend is more or less has no direct impact on the stock price.