Zhujiang Brewery reallocates RMB355m surplus to working capital after project completion

Guangzhou Zhujiang Brewery has completed fundraising projects including the "Modern Marketing Network Construction and Upgrade Project," "O2O Sales Channel Construction and Promotion Project," and "Beer Production Capacity Expansion and Relocation Project." These projects, funded by a 2017 non-public offering that raised RMB4,295,786,995.05, have reached their intended operational status.

The company's board of directors approved the conclusion of these projects at its eighty-eighth meeting on December 18, 2025. The remaining surplus funds, totaling RMB355,426,900.00 (as of November 30, 2025), will be permanently transferred to supplement the company's working capital, enhancing daily operations and efficiency.

CITIC Securities, acting as the company's sponsor, reviewed the resolution and confirmed that the decision aligns with regulatory requirements and the interests of all shareholders. This move is expected to improve Zhujiang Brewery's long-term development.