China Res Beer announced on June 27, 2024 that it has signed a three-year beer product supply framework agreement with its indirect controlling shareholder, China Resources Group, from January 1, 2024 to December 31, 2026. The agreement allows China Res Beer to supply beer and baijiu (Chinese liquor) to China Resources Group and its subsidiaries for retail, distribution, and internal sales. As the applicable percentage involved in the transaction exceeds 0.1% but is less than 5%, according to Chapter 14A of the Listing Rules, only declaration, announcement, and annual review are required, and independent shareholder approval is exempted. China Res Beer said that the agreement will help leverage China Resources Group's extensive customer base and explore new markets through online and offline sales channels. The company has taken internal control measures to ensure the fairness of the transaction and will review and propose annual ceilings based on the actual sales situation.

China Res Beer announced on June 27, 2024 that it has signed a three-year beer product supply framework agreement with its indirect controlling shareholder, China Resources Group, from January 1, 2024 to December 31, 2026. The agreement allows China Res Beer to supply beer and baijiu (Chinese liquor) to China Resources Group and its subsidiaries for retail, distribution, and internal sales. As the applicable percentage involved in the transaction exceeds 0.1% but is less than 5%, according to Chapter 14A of the Listing Rules, only declaration, announcement, and annual review are required, and independent shareholder approval is exempted. China Res Beer said that the agreement will help leverage China Resources Group's extensive customer base and explore new markets through online and offline sales channels. The company has taken internal control measures to ensure the fairness of the transaction and will review and propose annual ceilings based on the actual sales situation.