According to 21st Century Business Herald on October 15, Hong Kong beer stocks plummeted on October 15, with China Resources Beer dropping over 12% and Tsingtao Brewery falling over 7%. In response, reporters called China Resources Beer and Tsingtao Brewery's securities departments, but China Resources Beer did not answer. A Tsingtao Brewery spokesperson responded that today's stock price fluctuations were greatly influenced by market factors, and the company's production operation is currently normal with no undisclosed matters that should be disclosed. When asked about the trend of the beer industry, the spokesperson stated that based on the situation in the first half of the year and the third quarter, there is significant competitive pressure in the beer market, low consumer market sentiment, weak recovery in the industry channels, and it is estimated that there will be no fundamental changes in the fourth quarter.