Tsingtao Brewery to cancel restricted shares after employee resignation

Tsingtao Brewery announced its decision to repurchase and cancel 1,667 A-shares that were part of its restricted share incentive plan. This action follows the resignation of an incentive participant, whose changed employment status triggered the conditions for repurchase and cancellation as per the company's incentive plan. The shares were granted but had not yet been unrestricted.

The repurchase and cancellation process is expected to be finalized by November 13, 2025. Following the cancellation, Tsingtao Brewery's restricted shares will decrease by 1,667, resulting in zero restricted shares remaining. The total share capital will reduce from 1,364,196,788 shares to 1,364,195,121 shares. The company confirmed that necessary corporate approvals and creditor notification procedures have been completed without objection.