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 audited financial results for the year ended 31

December 2020 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 year ended 31 December

2020

2019

Audited

Audited

(RMB '000)

(RMB '000)

Change

Revenue

10,928,383

11,468,484

-4.71%

Profit before Tax

460,342

421,740

+9.15%

Income Tax

(175,468)

(158,248)

+10.88%

Profit for the Year

284,874

263,492

+8.11%

Profit Attributable to the

196,874

229,784

-14.32%

shareholders of Yanjing

Brewery

Balance Sheet

As at

As at

31 December 2020

31 December 2019

Audited

Audited

(RMB '000)

(RMB '000)

Change

Total Assets

18,491,857

18,161,511

+1.82%

Total Liabilities

4,611,546

4,346,429

+6.10%

Total Equity

13,880,311

13,815,082

+0.47%

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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 operations, brewery operations, water and environmental operations, as well as solid waste treatment operations 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 31 December 2020, 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), while the latter 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 financial results pertain only to Yanjing Brewery. The financial results have been 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 April 2021

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

* For identification purposes only

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BEHL - Beijing Enterprises Holdings Ltd. published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 08:36:02 UTC.