Qingdao Foods announced that Huatong Group, the controlling shareholder and actual controller of the company, signed a share transfer agreement with Tsing Beer Group to transfer its 5,7017,609 tradable shares with unlimited sales conditions to Tsing Beer Group through a private agreement. The total transfer price is 965 million yuan, equivalent to 16.92 yuan/share. After the transaction was completed, Tsing Beer Group held 29.24% of the shares and became the controlling shareholder, and the actual controller of the company was changed from Huatong Group to the Qingdao Municipal State-owned Assets Administration Commission. The transaction still requires final approval from the Qingdao Municipal State-owned Assets Administration Commission, confirmation by the Shenzhen Stock Exchange, and share transfer registration procedures.

Qingdao Foods announced that Huatong Group, the controlling shareholder and actual controller of the company, signed a share transfer agreement with Tsing Beer Group to transfer its 5,7017,609 tradable shares with unlimited sales conditions to Tsing Beer Group through a private agreement. The total transfer price is 965 million yuan, equivalent to 16.92 yuan/share. After the transaction was completed, Tsing Beer Group held 29.24% of the shares and became the controlling shareholder, and the actual controller of the company was changed from Huatong Group to the Qingdao Municipal State-owned Assets Administration Commission. The transaction still requires final approval from the Qingdao Municipal State-owned Assets Administration Commission, confirmation by the Shenzhen Stock Exchange, and share transfer registration procedures.