Tsingtao Brewery Company Limited announced that Pursuant to the resolution at the Board Meeting dated 27 March 2020, the Board proposed a cash dividend RMB 0.55 per share (taxes included) to the shareholders of the Company with RMB 743,040,537, based on a total number of 1,350,982,795 issued shares. Such dividend distribution is subject to the approval at the forthcoming Annual General Meeting.