China Resources Beer (Holdings) Company Limited announced that with effect from 18 August 2023, Mr. Wei Qiang has tendered his resignation as an executive Director and the Authorized Representative, and ceased to be a member of each of the executive committee, the nomination committee, the finance committee, and the share option general committee of the Company but will remain as a vice president of the Company; Mr. Zhao Chunwu has been appointed as an executive Director, the Authorized Representative, and a member of each of the executive committee, the nomination committee, the finance committee, and the share option general committee of the Company. He has also been re-designated from vice president to president of the Company; and (3) Mr. Zhao Wei has been appointed as an executive Director and a member of the finance committee of the Company. Mr. Zhao CW, aged 52, had been a vice president of the Company since May 2022 and has been re-designated to a president of the Company with effect from the date of this announcement.

He also acts as the general manager of China Resources Snow Breweries (China) Investment Co. Ltd. He joined China Resources Snow Breweries (China) Co. Ltd. in 2003 as a deputy general manager of the sales development department and served high-ranking positions in various subsidiaries of the Company successively, including but not limited to the general manager of each of China Resources Snow Breweries (Zhejiang District) Company, China Resources Snow Breweries (Fujian District) Company, China Resources Snow Breweries (Anhui District) Company, China Resources Snow Breweries (Jiangsu District) Company and China Resources Snow Breweries (Shanghai District) Company.

Prior to that, Mr. Zhao CW has served in Nanjing Fisheries Research Institute, PepsiCo, Nanjing Interbrew and Wrigley Company. Mr. Zhao CW has nearly 20 years of experience in sales and marketing. Mr. Zhao CW holds an MBA degree from Peking University.

Mr. Zhao, aged 51, has been the Chief Financial Officer of the Company since 2 June 2023. He joined Tianjin China Resources Beer Company Limited in 2003 as the assistant finance director and served high-ranking positions in various departments of the following companies successively, including but not limited to the general manager of the fund management department, general manager of management accounting and statistics department and director of the finance department of CR Snow Investment. He was re-designated to act as the Chief Financial Officer of China Resources Pharmaceutical Commercial Group Co.

Ltd. in 2020. Prior to that, Mr. Zhao also served as a project manager at Konka Group Co. Ltd. (a company listed on the Shenzhen Stock Exchange; stock code: 000016).

He has over 20 years of experience in financial management. Mr. Zhao holds a doctor's degree in Engineering from Tianjin University. CHANGES IN COMPOSITION OF THE BOARD COMMITTEES The Board announces that, following the changes of Executive Directors as set out above and with effect from 18 August 2023: (1) Mr. Wei has ceased to be a member of each of the executive committee, the nomination committee, the finance committee, and the share option general committee of the Company; (2) Mr. Zhao CW has been appointed as a member of each of the executive committee, the nomination committee, the finance committee, and the share option general committee of the Company; and (3) Mr. Zhao has been appointed as a member of the finance committee of the Company.