Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 392)

Overseas Regulatory Announcement

Results of a Subsidiary

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of

Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Beijing Yanjing Brewery Co., Ltd. ("Yanjing Brewery"), a subsidiary of Beijing Enterprises

Holdings Limited (the "Company"), has announced its unaudited financial results for the nine

months ended 30 September 2019 on the website of the Shenzhen Stock Exchange (http://www.szse.cn). The financial statements of Yanjing Brewery have been prepared in

conformity with "Accounting Standard for Enterprises" of the PRC.

A summary of the financial results of Yanjing Brewery is provided below.

Income Statement

For the nine months ended 30 September

2019

2018

Unaudited

Unaudited

(RMB '000)

(RMB '000)

Change

Revenue

10,370,163

10,232,878

+1.34%

Profit before tax

876,902

838,045

+4.64%

Income tax

(178,929)

(173,184)

+3.32%

Profit for the period

697,973

664,861

+4.98%

Profit attributable to the

639,324

610,928

+4.65%

shareholders of Yanjing

Brewery

Balance Sheet

As at

As at

30 September 2019

31 December 2018

Unaudited

Audited

(RMB '000)

(RMB '000)

Change

Total Assets

19,101,443

17,688,747

+7.99%

Total Liabilities

4,829,859

3,934,546

+22.76%

Total Equity

14,271,584

13,754,201

+3.76%

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GENERAL INFORMATION

Beijing Enterprises Holdings Limited is a company incorporated in Hong Kong with limited liability, the shares of which are listed on the main board of the Stock Exchange (stock code: 392). Beijing Enterprises Holdings Limited and its subsidiaries are principally engaged in natural gas, beer, water and environmental, as well as solid waste treatment businesses in the PRC.

Yanjing Brewery is a company incorporated in the PRC with limited liability, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000729). Yanjing Brewery is principally engaged in beer brewing and production of beverages including mineral water, etc and sales of related products.

As at 30 September 2019, Beijing Enterprises Holdings Limited indirectly holds approximately 79.77% equity interest in Beijing Yanjing Brewery Investments Co., Ltd.* (北京燕京啤酒投資有限 公司), which directly holds approximately 57.40% equity interest in Yanjing Brewery. Yanjing Brewery is an indirect non-wholly owned subsidiary of Beijing Enterprises Holdings Limited.

Shareholders should note that the above unaudited results pertain only to Yanjing Brewery. The unaudited results will be consolidated in the accounts of the Company after adjustments in accordance with all applicable Hong Kong Financial Reporting Standards. Public investors and shareholders of the Company should exercise caution when dealing in its securities.

By Order of the Board

Beijing Enterprises Holdings Limited

Tam Chun Fai

Executive Director

Hong Kong, 29 October 2019

As at the date of this announcement, the board of directors of the Company comprises Mr. Hou Zibo (Chairman and Chief Executive Officer), Mr. Li Yongcheng, Mr. Zhao Xiaodong, Mr. E Meng, Mr. Jiang Xinhao and Mr. Tam Chun Fai as executive directors; Mr. Wu Jiesi, Mr. Lam Hoi Ham, Dr. Sze Chi Ching, Dr. Yu Sun Say and Mr. Ma She as independent non-executive directors

* For identification purposes only

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BEHL - Beijing Enterprises Holdings Ltd. published this content on 29 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2019 08:21:03 UTC