Qingdao Beer Co., Ltd. held its 17th meeting of the tenth board of directors on August 29, 2024. The meeting was conducted in a combination of on-site and video conferencing, in compliance with relevant laws, regulations, and company articles of association. The meeting approved the 2024 semi-annual report (unaudited) and authorized the board secretary to disclose information. In addition, the meeting also passed a motion to engage in structured deposit business within the next 12 months, not exceeding 6 billion RMB. The term of this business is within one year, and the expected yield is not lower than the same period interbank deposit rate. The board of directors authorized the management to handle the implementation. All proposals received the unanimous consent of the 8 attending directors, with no opposing or abstaining votes. The relevant documents have been publicly disclosed on the Shanghai Stock Exchange website.

Qingdao Beer Co., Ltd. held its 17th meeting of the tenth board of directors on August 29, 2024. The meeting was conducted in a combination of on-site and video conferencing, in compliance with relevant laws, regulations, and company articles of association. The meeting approved the 2024 semi-annual report (unaudited) and authorized the board secretary to disclose information. In addition, the meeting also passed a motion to engage in structured deposit business within the next 12 months, not exceeding 6 billion RMB. The term of this business is within one year, and the expected yield is not lower than the same period interbank deposit rate. The board of directors authorized the management to handle the implementation. All proposals received the unanimous consent of the 8 attending directors, with no opposing or abstaining votes. The relevant documents have been publicly disclosed on the Shanghai Stock Exchange website.