China Resources Beer (Holdings) Company Limited provided earning guidance for the year ended 31 December 2020. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited consolidated management accounts as at 31 December 2020 and the latest information available to the Board, the Group's profit attributable to the shareholders of the Company for the year ended 31 December 2020 is expected to significantly increase by not less than 50% as compared with that of the year ended 31 December 2019. The increase was mainly attributable to: (i) the decrease in compensation and settlement expenses related to capacity optimization and organizational restructuring; and (ii) the increase in bottles usage income and profit on disposal of fixed assets in other income.