China Res Beer announced on July 2, 2024, that it has signed a framework agreement with China Res Power and China Res Gas on the integrated energy project. The agreement is for three years from January 1, 2024, to December 31, 2026. The traded involved in this framework agreement will allow China Res Power and China Res Gas to install photovoltaic power station facilities on China Res Beer's rooftops, idle land, etc., and provide electrical utilities and comprehensive energy services. As China Res Power and China Res Gas are both indirect non-wholly-owned subsidiaries of China Res Group, these transactions are considered continuous connected transactions. According to the listing rules, the annual cap for these transactions exceeds 0.1% but is less than 5%, so it is...Show More

China Res Beer announced on July 2, 2024, that it has signed a framework agreement with China Res Power and China Res Gas on the integrated energy project. The agreement is for three years from January 1, 2024, to December 31, 2026. The traded involved in this framework agreement will allow China Res Power and China Res Gas to install photovoltaic power station facilities on China Res Beer's rooftops, idle land, etc., and provide electrical utilities and comprehensive energy services. As China Res Power and China Res Gas are both indirect non-wholly-owned subsidiaries of China Res Group, these transactions are considered continuous connected transactions. According to the listing rules, the annual cap for these transactions exceeds 0.1% but is less than 5%, so it is necessary to comply with the relevant reporting, annual review, and announcement regulations, but is exempt from complying with the circular and independent shareholder approval requirements. The board of directors believes that the terms of these transactions are fair and reasonable and in line with the overall interests of the company and shareholders.