Beijing Enterprises Group Finance Co., Ltd. announced that it will issue 1,675,977,653 common shares at a price of CNY 1.3425 for gross proceeds of CNY 2,250,000,000 on July 30, 2021. The transaction will include participation from returning investors, Beijing Enterprises Holdings Limited for CNY 790,650,000 to hold 35.14% stake in the company, Beijing Gas Group Co., Ltd. for CNY 558,000,000 to hold 24.80% stake in the company, Beijing Yanjing Brewery Co.,Ltd. for 185,698,324 shares at a price of CNY 1.3425 for CNY 249,300,000 to hold 11.08% stake in the company, Beijing Enterprises Group Company Limited for CNY 200,475,000 to hold 8.91% stake in the company, Beijing Jingtai Investment Management Center for CNY 150,525,000 to hold 6.69% stake in the company, Beijing Enterprises Water Group Limited for CNY 150,525,000 to hold 6.69% stake in the company, Beijing General Municipal Engineering Design & Research Institute Co., Ltd. for CNY 150,525,000 to hold 6.69% stake in the company. Out of the total gross proceeds, CNY 1,676,000,000 will go into registered capital, and CNY 574,000,000 will go into capital reserve.

Post-closing, the registered capital of the company will increase from CNY 2,008,980,000 to CNY 3,684,980,000. The transaction has been approved at the seventh meeting of the eighth session of the board of directors. The shareholders of the company shall pay the total capital increase in full within ten working days from the date when the company submits to them the written notice that all the prerequisites have been met and the total capital increase is required to be paid.