China Resources Beer : EXTRAORDINARY GENERAL MEETING HELD ON 29 MARCH 2021 - POLL RESULTS

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: 291)

EXTRAORDINARY GENERAL MEETING HELD ON 29 MARCH 2021 -

POLL RESULTS

The Company is pleased to announce that the resolution for appointment of the chairman of the meeting and all the proposed resolutions set out in the notice of EGM were duly passed by the relevant shareholders of the Company by way of poll at the EGM.

Reference is made to the circular ("EGM Circular") and the notice of extraordinary general meeting ("EGM") dated 9 March 2021 of China Resources Beer (Holdings)

Company Limited (the "Company"). Unless otherwise specified, capitalised terms used in this announcement shall have the same meaning as those defined in the EGM Circular and in the notice of EGM.

The Company is pleased to announce that the resolution for appointment of the chairman of the meeting and all the proposed resolutions as set out in the notice of EGM were duly passed by the relevant shareholders of the Company by way of poll at the EGM on 29

March 2021. The poll results in respect of the resolutions proposed at the EGM were as follows:

Number of Votes (%)(1)

Ordinary Resolutions proposed at the EGM

1.

For	Against
To appoint Mr. Lai Po Sing as the chairman of	1,676,343,233	36
the meeting.	(99.99%)	(0.01%)

The resolution was duly passed as an ordinary resolution.

Ordinary Resolutions proposed at the EGM	Number of Votes (%)(1)
For	Against
2.	(a)Ordinary Resolution in Item No. 1(a) of the Notice of Extraordinary General Meeting (To authorise the entry into and performance by the Company of the joint venture agreement (the "JV Agreement") dated 22 January 2021 and the transactions contemplated thereunder).	989,577,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
(b)Ordinary Resolution in Item No. 1(b) of the Notice of Extraordinary General Meeting (To authorize the provision of additional capital commitment, shareholder's loans and/ or guarantee by the Group pursuant to the JV Agreement).	987,383,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
(c)Ordinary Resolution in Item No. 1(c) of the Notice of Extraordinary General Meeting (To authorise the entry into and performance by the Company of the relocation compensation agreement (the "Relocation Compensation Agreement") dated 22 January 2021 and the transactions contemplated thereunder).	987,383,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
(d)Ordinary Resolution in Item No. 1(d) of the Notice of Extraordinary General Meeting (To authorise the entry into and performance of the new relocation compensation agreement (the "New Relocation Compensation Agreement") upon the establishment of joint venture).	987,383,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
Ordinary Resolutions proposed at the EGM	Number of Votes (%)(1)
For	Against
(e)Ordinary Resolution in Item No. 1(e) of the Notice of Extraordinary General Meeting (To authorise the entry into and performance by the Company of the construction agreement (the "Construction Agreement") dated 22 January 2021).	987,383,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
(f)Ordinary Resolution in Item No. 1(f) of the Notice of Extraordinary General Meeting (To authorize the directors of the Company to do such acts and things and to take such steps as they may consider necessary, desirable or expedient for the purpose, or in connection with, the implementation and giving effect to the JV Agreement, the Relocation Compensation Agreement, the New Relocation Compensation Agreement and the Construction Agreement, and the transactions contemplated thereunder).	987,287,660 (99.99%)	41 (0.01%)
The resolution was duly passed as an ordinary resolution.
3.	To re-elect Mr. Richard Raymond WEISSEND as Director.	2,618,505,770 (98.30%)	45,216,594 (1.70%)
The resolution was duly passed as an ordinary resolution.

(1) All percentages were rounded to 2 decimal places.

As at the date of the EGM, the total number of issued and fully paid up Shares was 3,244,176,905 Shares.

The total number of Shares entitling the holders to attend and vote for or against the above resolutions (1) and (3) at the EGM was 3,244,176,905 Shares.

The above resolutions 2(a) to 2(f) proposed at the EGM were approved by the Independent Shareholders. As stated in the EGM Circular, CRH (Beer) Limited and Commotra Company Limited directly hold approximately 51.67% and 0.24% of the total issued Shares respectively. In accordance with the Listing Rules, CRH (Beer) Limited (which holds 1,676,338,664 Shares, representing approximately 51.67% of the total issued Shares) and Commotra Company Limited (which holds 7,738,702 Shares (representing approximately 0.24% of the total issued Shares) have abstained from voting on the above resolutions 2(a) to 2(f) atthe EGM. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the above resolutions 2(a) to 2(f) at the EGM was 1,560,099,539 Shares.

Save as disclosed above, there were no Shares entitling the holders to attend and abstain from voting in favour of the resolutions at the EGM as set out in Rule 13.40 of the Listing Rules and there were no Shares requiring the holders to abstain from voting at the EGM under the Listing Rules.

Tricor Standard Limited, the share registrar of the Company, acted as scrutineer for the poll at the EGM.

Shareholders may refer to the EGM Circular for details of all the proposed resolutions set out in the notice of EGM. The EGM Circular may be viewed and downloaded from the Company's website atwww.crbeer.com.hkor the website of the Stock Exchange atwww.hkexnews.hk.

For and on behalf of

China Resources Beer (Holdings) Company Limited

Lai Po Sing

Executive Director, Chief Financial Officer and

Company Secretary

Hong Kong, 29 March 2021

As at the date of this announcement, the Executive Directors of the Company are Mr. Jian Yi, Mr. Hou Xiaohai (Chief Executive Officer) and Mr. Lai Po Sing (Chief Financial Officer). The Non-executive Directors of the Company are Mr. Lai Ni Hium, Frank, Mr. Tuen Muk Lai Shu and Mr. Richard Raymond Weissend. The Independent Non-executive Directors of the Company are Mr. Houang Tai Ninh, Dr. Li Ka Cheung, Eric, Dr. Cheng Mo Chi, Moses, Mr. Bernard Charnwut Chan and Mr. Siu Kwing Chue, Gordon.