Tsingtao Beer: plans to acquire 100% equity of Jimo Huangjiu for 665 million yuan.

Tsingtao Beer Announcement: The company plans to acquire 100% equity of the Jimo Huangjiu held by Xinhua Jin Group and Lu Jin Group for a total of 665 million yuan. After the completion of this transaction, Jimo Huangjiu will become a wholly-owned subsidiary of Tsingtao Beer. Jimo Huangjiu was established in 1949 with a registered capital of 55 million yuan. In 2024, it achieved a main business income of 166 million yuan and a net profit of 30.47 million yuan. Tsingtao Beer stated that this acquisition will drive the company's diversification, expand its product line and market channels, and enhance its sustainable development capabilities.