Chongqing Brewery board revises executive compensation and performance plan

Chongqing Brewery Company Limited announced its eleventh board of directors held its third meeting on September 25, 2025, in Guangzhou. The meeting, presided over by chairman João Abecasis, saw all nine directors in attendance and was conducted both in person and via video conference. The primary resolution passed was the revision of the "Senior Management Compensation and Performance Appraisal Management Plan."

The updated plan, previously approved by the board's compensation and appraisal committee, establishes an annual salary system for senior management, comprising an annual base salary and annual performance bonuses. These performance bonuses will be determined based on the company's annual operating performance and individual achievement of yearly work objectives.

During the voting, director and president Lee Chee Kong and director and vice president Chin Wee Hua recused themselves due to conflicts of interest. The resolution passed with 7 votes in favor, 0 against, and 0 abstentions.