China Resources Beer (Holdings) Company Limited (SEHK:291) agreed to acquire 50.58% of stake in Guizhou Jinsha Jiaojiu Winery Industry Co., Ltd. from Hubei Yihua Group Limited Liability Company and Yichang Caiyuan Investment Management Co., Ltd. for CNY 11.3 billion on October 25, 2022. Immediately following the Capital Increase Completion and the Share Purchase Completion, CRWH will hold a total of 55.19% of the enlarged share capital of Guizhou Jinsha, and Guizhou Jinsha will become an indirect non-wholly owned subsidiary of China Resources. Guizhou Jinsha has a net assets of CNY 996.826 million as on June 30, 2022.

The Share Purchase has been duly approved by each contracting parties' internal decision making body pursuant to the relevant laws and regulations, the constitutional documents and the internal rules and regulations of the contracting party and Share Purchase has been approved by Yichang SASAC to be conducted in a non-public manner in accordance with the relevant regulations in relation to the supervision and administration of state-owned assets. The transaction is subject to approval of consent of the relevant lending banks regarding the Share Purchase, Anti-Monopoly Bureau of the SAMR and due compliance with the relevant applicable Listing Rules requirements by China Resources. HSBC Investment Bank Asia Ltd. acted as financial advisor to China Resources Beer (Holdings) Company Limited.