Fosun International Limited dated 30 May 2022 in relation to the recent sale of all of the shares in Tsingtao Brewery Company Limited (the "Company") held by entities under Fosun International. Therefore, Mr. SHI Kun ("Mr. Shi"), a non-executive director of the Company nominated by Fosun International, and Mr. Yao Yu ("Mr. Yao"), a shareholder supervisor of the Company, have both tendered their resignation to the board of directors and the board of supervisors of the Company respectively. Mr. Shi is resigning as a non-executive director, a member of each of the Audit & Internal Control Committee, Nomination & Remuneration Committee and Strategy & Investment Committee.

Mr. Yao is resigning as the shareholder supervisor of the Company. The resignation of Mr. Shi and Mr. Yao shall both take effect from 7 June 2022. Mr. Shi and Mr. Yao have confirmed that they have no disagreement with the board of directors and the board of supervisors of the Company and there are no other matters in relation to their resignation that need to be brought to the attention of the shareholders of the Company.

The board of directors and the board of supervisors of the Company would like to take this opportunity to express their gratitude to Mr. Shi and Mr. Yao for their contributions to the Company.