Tsingtao Brewery : NOTICE OF 2021 FIRST EXTRAORDINARY GENERAL MEETING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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 notice.

TSINGTAO BREWERY COMPANY LIMITED

(a Sino-foreign joint stock limited company established in the People's Republic of China)

(Stock Code: 168)

NOTICE OF 2021 FIRST EXTRAORDINARY GENERAL MEETING

Notice is hereby given that the 2021 first extraordinary general meeting (the "EGM") of Tsingtao Brewery Company Limited (the "Company") will be held at the Meeting Room, 1st Floor, Complex Building, Tsingtao Brewery Factory, No. 56 Dengzhou Road, Shibei District, Qingdao, the People's Republic of China at 2:50 p.m. on 28 May 2021 (Friday) for the purposes of considering and, if thought fit, approving (with or without any amendments) the following resolution:

AS ORDINARY RESOLUTION

1. To consider and approve the resolution to elect Mr. Guo Xiu Zhang as a supervisor as shareholders' representative for the ninth session of the board of the supervisors of the Company.

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For details of the above resolution, please refer to the announcement dated 9 April 2021 in relation to the resignation of chairman of the board of supervisor and proposed appointment of supervisor as shareholders' representative published by the Company on the websites of Hong Kong Exchanges and Clearing Limited (http://www.hkexnews.hk) and the Company.

By order of the Board

Tsingtao Brewery Company Limited

ZHANG Rui Xiang

Company Secretary

Qingdao, the People's Republic of China

9 April 2021

Notes:

1. Closure of Register of Members for H-share and the Qualification for Attending the EGM
   In order to determine the list of holders of H-share entitled to attend the EGM, the register of members for H-share of the Company will be closed from 28 April 2021 (Wednesday) to 28 May 2021 (Friday) (both days inclusive). All holders of H-share registered in Register of Members of the Company after the close of business on 28 April 2021 (Wednesday) are entitled to attend the EGM. In order to attend the EGM and vote, any holder of H-share whose transfer documents have not been recorded must lodge the transfer documents with official stamp and together with the relevant share certificate(s) at the Company's H-share share registrar, Hong Kong Registrars Limited, Room 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, before 4:30 p.m. on 27 April 2021 (Tuesday).

1. Proxy
   Each shareholder who is entitled to attend and vote at the EGM may appoint one or more proxy(ies) (whether such person(s) is (are) shareholder(s) of the Company or not) to attend and vote on his/her behalf. Each shareholder (or his/her proxy(ies)) shall be entitled to one vote for each share held, and can exercise the voting right in manner of poll.

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The shareholders shall appoint their proxies in writing (i.e. by using the Proxy Form Applicable at the 2021 First Extraordinary General Meeting (the "Proxy Form") enclosed to this notice or a copy thereof). The Proxy Form shall be signed by the shareholder appointing the proxy(ies) or by other person authorized by such shareholder in writing. Should such shareholder authorize other person to sign the Proxy Form, a letter of authorization or other authorization documents must be notarized. Should such shareholder be a legal person, the Proxy Form shall be under seal or signed by its director or a duly authorized attorney. The Proxy Form and the notarized letter of authorization or other authorization documents must be delivered 24 hours before the time appointed for convening the EGM. Holders of H-share shall return the Proxy Form to the Company's H-share share registrar, Hong Kong Registrars Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, whereas holders of A-share shall return the Proxy Form to Secretarial Office of the Board of the Company at Room 1106, Tsingtao Beer Tower, No.35 Donghai West Road, Shinan District, Qingdao, the People's Republic of China. Completion and return of the Proxy Form will not preclude you from attending and voting in person at the EGM and any adjourned meeting(s) thereof if you so wish.

1. Registration Procedures for Attending the EGM
2. 1. Shareholders who intend to attend the EGM shall return the completed and signed reply slip for attending the EGM (together with the registration documents required) to Secretarial Office of the Board of the Company by hand, by mail or by fax on or before 7 May 2021 (Friday). Please use the Reply Slip for Attending the 2021 First Extraordinary General Meeting enclosed to this notice or a copy thereof.
   2. Shareholders or their proxies shall present proofs of their identity upon attending the EGM. Should the shareholder appoint his/her proxy(ies) to attend the EGM on his/her behalf, the proxy(ies) shall also bring the Proxy Form when attending the EGM. Should the shareholder be a legal person, its legal representative or person authorized by its board of directors or other decision-making bodies may attend the EGM only by presenting a copy of the resolution of the board of directors or other decision-making bodies for appointing such person to attend the meeting.

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IV. Others

1. The EGM is expected to last for ten minutes. Shareholders and proxies who attend the meeting shall bear their own travelling and lodging expenses.
2. The business address of Secretarial Office of the Board of the Company: Room 1106, Tsingtao Beer Tower, No.35 Donghai West Road, Shinan District, Qingdao.

Tel: [phone]Fax: [phone]

Postal Code: 266071

Contact Person: ZHANG Rui Xiang, WANG Zhi Liang

Directors of the Company as at the date of this notice are:

Executive Directors:	Mr. HUANG Ke Xing (Chairman), Mr. YU Zhu Ming
	and Mr. WANG Rui Yong
Non-executive Director:	Mr. SHI Kun

Independent Non-executive Directors: Mr. YU Zeng Biao, Mr. XIAO Geng, Mr. SHENG Lei Ming and Mr. JIANG Xing Lu

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