Tsingtao Brewery Co., Ltd. (00168) plans to transfer all of its total shares in Jimo Rice Wine from Xinhuajin Group and Lu Jin Group

According to Zhitong Finance App, Tsingtao Brewery Co., Ltd. (00168) announced that on May 7, 2025, the company signed a transfer agreement with Xinhuajin Group, Lu Jin Group and Jimo Rice Wine. The company plans to transfer all of its shares in Jimo Rice Wine from Xinhuajin Group and Lu Jin Group. After the acquisition is completed, Jimo Rice Wine will become a wholly-owned subsidiary of the Company and will be included in the scope of the Company's consolidated statements.

The company insists on driving high-quality development through innovation. Through this acquisition, the company holds all shares in Jimo Rice Wine. The company is actively expanding its non-beer business across industries, promoting diversified development, and bringing new development opportunities for the company in the future. Jimo rice wine belongs to the same fermented wine industry as our company. With the addition of Jimo rice wine, it will further enrich the company's product line, broaden market channels, and provide consumers with more diverse choices. Collaborate with the company's existing superior markets and resources in terms of brand and product promotion, sales networks and channels, etc., to further expand market influence. In the off-peak season, “Jimo Old Liquor” and our beer products can form a complementary effect in market sales, build a more competitive cross-category product portfolio, consolidate the company's traditional product market position while opening up new growth points, and inject new momentum into the company's development. Through this acquisition, the company's products and business areas will be further broadened, the company's sustainable development capabilities will be enhanced, and the high-quality development of the company will be promoted, which is in line with the long-term development of the company and the interests of all shareholders.