China Resources Beer (Holdings) Company Limited announced that on December 3, 2020, the Company entered into the Supply Framework Agreement with CRH pursuant to which the Group agreed to supply beer products to CRH Group for three years commencing from January 1, 2021 to December 31, 2023. The Group agreed to supply its beer products to CRH Group from time to time for the purposes of retail and distribution of the same by CRH Group. The transactions shall be conducted on normal commercial terms and the terms, as a whole, shall be no more favorable than those terms offered to independent third party retailers and distributors of the Group in relation to the supply of beer products of similar nature and quality. The price of the supply of beer products shall be determined by reference to the prevailing market price for transactions of similar nature and subject to the internal control measures.