Chongqing Brewery announces progress of major asset restructuring relating to Carlsberg

NBD AI Bulletin，Chongqing Brewery Co., Ltd.(600-.SH) announced on the evening of May 28 that the Company signed a letter of intent with Carlsberg on March 27 to jointly increase the registered capital of Chongqing Brewery with assets or cash.

The Companys chairman is Roland Arthur Lawrence who is a Fellow Certified Public Accountant (FCPA) holer in Australia and has received a graduate degree in Entrepreneurship from the University of Melbourne, a graduate degree from Deakin University and an undergraduate degree in Education and Arts from National University of Singapore. The Companys General Manager is Chen Song who is male with a Masters and Doctoral degree in Finance and Investment from the School of Management of Sun Yat-sen University, and a Bachelors degree in Mechanical Design and Manucturing from South China University of Technology.

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(By Tan Yuhan)

As of the date of this announcement, the deal is still under planning. Currently, the Company is in discussion with relevant parties over the deal in accordance with the Major Asset Reorganization Management Measures of Listed Companies and other relevant provisions. At the same time, the relevant intermediary is pushing forward assets auditing, evaluation, due diligence and other work in an orderly manner.

According to the 2022 annual report, Chongqing Brewery Co., Ltd.s main business is wine-, drink- and refined tea-, accounting for 97.96% of its revenue.