Guangdong Yanjing 18.03% Share Pfer To Beijing Enterprises

On the evening of November 5th,

The announcement said that the move is to optimize the allocation of resources to meet the needs of the company's controlling subsidiary, Guangdong Yanjing production and operation.

Before the equity pfer, Yanjing beer holds 75% stake in Guangdong Yanjing and Beijing enterprises hold 25% stake in Guangdong Yanjing.

According to the motion on Yanjing Brewery limited, which was approved by Yanjing Beer in early 2010, Yanjing beer was issued in 2010 to 300 million yuan raised by Switching Company bonds, which was added to Guangdong Yanjing for its beer extension project in Guangdong.

After the capital increase, Guangdong Yanjing registered capital increased from 420 million yuan to 720 million yuan, of which Yanjing Beer's shareholding ratio will rise from 75% to 85.47%.

The company said that, in order to maintain the nature of Guangdong Yanjing's Sino foreign joint ventures, the company's pfer held a stake in Yanjing 18.03% in Guangdong, making the company's shareholding ratio to Yanjing in Guangdong to 56.97%.

Yanjing Brewery said that the company will make unilateral investment in Guangdong Yanjing with the same price as the equity pfer.

After the completion of the capital increase, the shareholding ratio of Guangdong Yanjing will be restored to 75%, so as to maintain the shareholding ratio between the company and Beijing enterprises in Guangdong Yanjing, and maintain the nature of the joint venture of Guangdong Yanjing.

Therefore, the pfer of shares has not had a substantial impact on the company and Guangdong Yanjing.

Beijing enterprises are the controlling shareholders of Yanjing Brewery controlling shareholder Beijing Yanjing Brewery Co. Ltd.