China Resources Beer boosts lending capacity with renewed framework loan agreements

China Resources Beer (Holdings) Company Limited has announced the renewal of its framework loan agreements through 2026, with new arrangements effective December 23, 2025. These agreements, which replace the 2023 framework loan agreements expiring on December 31, 2025, will continue until December 31, 2028. The company aims to leverage its surplus cash resources by lending to other China Resources Group companies, including CRI and CRH, providing greater flexibility in cash management.

The annual lending caps for the Group have been significantly increased. The maximum daily aggregate amount outstanding is set at RMB2,700 million for each of the years ending December 31, 2026, 2027, and 2028. This compares to previous maximum daily aggregate amounts of RMB1,003 million in 2023, RMB401.86 million in 2024, and RMB100.58 million for the eleven months ended November 30, 2025, under the 2023 agreements.

All advances under the new framework loan agreements 2026 will be guaranteed by CRI, CRH, or both, depending on the borrower. CRI and CRH are considered borrowers of undoubted standing, with CRI holding an AAA credit rating. The transactions are subject to reporting, annual review, and announcement requirements under listing rules but are exempt from independent shareholders’ approval.