Tsingtao Brewery calls off Jimo Huangjiu acquisition

Tsingtao Brewery Company Limited announced today the termination of its acquisition of 100% equity in Shandong Jimo Huangjiu Factory Co., Ltd. The decision follows the non-fulfillment of the closing preconditions stipulated in the Equity Transfer Agreement.

The company had previously disclosed its intention to acquire the 100% equity stake in Jimo Huangjiu on May 8, 2025. Tsingtao Brewery stated that it diligently pursued the closing of the transaction and the subsequent payment, which were contingent upon the satisfaction and sustained achievement of all conditions outlined in the agreement.

As a result of the unmet conditions, Tsingtao Brewery will not incur any liability for breach of contract due to the termination of the Equity Transfer Agreement. The company advises investors to exercise rational judgment, make prudent investment decisions, and be aware of investment risks.