Tsingtao Brewery approved on July 16, 2024, to remove the restrictions of the third lock-up period of the restricted stock incentive plan that was first granted on July 24. This involves a total of 4,235,863 shares. The restricted stocks that were unlocked this time account for 0.31% of the total share capital of the company and are mainly for senior management and key employees. The incentive plan was first granted on June 29, 2020. After a series of shareholder meetings and board resolutions, the stocks were unlocked upon achieving the company and individual performance targets. After this lock-up period is removed, the related shares will be listed for circulation on the Shanghai Stock Exchange from July 24, 2024. Tsingtao Brewery stated that the unlock conditions have been achieved and have obtained the necessary approvals and authorizations.

Tsingtao Brewery approved on July 16, 2024, to remove the restrictions of the third lock-up period of the restricted stock incentive plan that was first granted on July 24. This involves a total of 4,235,863 shares. The restricted stocks that were unlocked this time account for 0.31% of the total share capital of the company and are mainly for senior management and key employees. The incentive plan was first granted on June 29, 2020. After a series of shareholder meetings and board resolutions, the stocks were unlocked upon achieving the company and individual performance targets. After this lock-up period is removed, the related shares will be listed for circulation on the Shanghai Stock Exchange from July 24, 2024. Tsingtao Brewery stated that the unlock conditions have been achieved and have obtained the necessary approvals and authorizations.