The board of directors of China Resources Beer (Holdings) Company Limited announced that with effect from the date of this announcement, Mr. Hou Xiaohai (Mr. Hou), an Executive Director, has been re-designated from the position of the Chief Executive officer of the company, to the chairman of the board. Mr. Hou Xiaohai, aged 54, has been appointed as the executive director and chief executive officer of the company in April 2016. He is the chairman of the finance committee and a member of each of the executive committee and the share option general committee of the company.

He also acts as director of a number of subsidiaries of the Company. He was appointed as a chairman of Guizhou Jinsha Jiaojiu Winery Industry Co. Ltd. in January 2023.

He was appointed as a director of CRH (Beer) Limited in May 2019, which is a controlling shareholder of the Company. He was appointed as a director of Anhui Golden Seed Winery Co. Ltd. in November 2022 and a chairman of Shandong Jingzhi Baijiu Co.

Ltd. in October 2021. He was the general manager of China Resources Snow Breweries (China) Co. Ltd. from March 2016 to March 2021 and the director of its sales and marketing departments from December 2001 to December 2007, respectively.

He was appointed as a director of China Resources Enterprise, Limited from May 2018 to September 2021, which is a controlling shareholder of the Company, and also was a director and a member of strategy committee of Shanxi Xinghuacun Fen Wine Factory Co. Ltd. from September 2018 to October 2021, respectively. He was appointed as general manager and assistant general manager of the branch of China Resources Snow Breweries (China) Co.

Ltd. in Guizhou Province and a general manager of its branch in Sichuan Province from January 2009 to February 2016. Mr. Hou has a Bachelor of Statistics Degree from the Renmin University of China. He has previously worked in Shougang Corporation, Gallup Poll and Pepsi Co.

Mr. Hou joined China Resources Group in 2001.