Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Tsingtao Brewery Company Limited
  6. News
  7. Summary
    168   CNE1000004K1

TSINGTAO BREWERY COMPANY LIMITED

(168)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Tsingtao Brewery : PROPOSED AMENDMENTS TO (1) ARTICLES OF ASSOCIATION; (2) ORDER OF MEETING FOR SHAREHOLDERS' GENERAL MEETING; AND (3) ORDER OF MEETING FOR THE BOARD OF DIRECTORS

05/14/2021 | 11:13am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the content of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

TSINGTAO BREWERY COMPANY LIMITED

(a Sino-foreign joint stock limited company established in the People's Republic of China)

(Stock Code: 168)

PROPOSED AMENDMENTS TO

    1. ARTICLES OF ASSOCIATION;
  1. ORDER OF MEETING FOR SHAREHOLDERS' GENERAL MEETING; AND
    1. ORDER OF MEETING FOR THE BOARD OF DIRECTORS

This announcement is made by Tsingtao Brewery Company Limited (the "Company") pursuant to Rule 13.51(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors of the Company announces that the Company proposed to make certain amendments to the existing Articles of Association, Order of Meeting for Shareholders' General Meeting and Order of Meeting for the Board of Directors which will be proposed at the 2020 annual general meeting (the "AGM") for consideration and approval. The main purposes of the amendments is to (1) shorten the notice period for Shareholders' general meeting and improve the efficiency of discussion in accordance with the "Approval of the State Council on Adjusting the Applicable Provisions of the Notification Period for Holding Shareholders Meetings of Overseas Listed Companies" (Guohan (2019) No. 97); (2) enable the Company's Articles of Association and the relevant provisions of the Order of Meeting for Shareholders' General Meeting to comply with the relevant requirements of the "Company Law of the People's Republic of China"; and

  1. comprehensively revise the Order of Meeting for the Board of Directors to further clarify the approval authority for foreign investments and procedures for discussions and to improve the Company's corporate governance.

According to the "Articles of Association" and the relevant laws and regulations, such amendments shall be subject to consideration and approval of the shareholders at the AGM by way of special resolution.

- 1 -

A circular of the Company containing, among other things, the proposed amendments to the Articles of Association, the Order of Meeting for Shareholders' General Meeting and the Order of Meeting for the Board of Directors will be despatched to the shareholders in due course. The AGM notice will also be dispatched to the shareholders in due course.

By Order of the Board

Tsingtao Brewery Company Limited

ZHANG Rui Xiang

Company Secretary

Qingdao, the People's Republic of China

13 May 2021

As at the date of this announcement, the bord of directors of the Company comprises:

Executive Directors:

Mr. HUANG Ke Xing (Chairman), Mr. YU Zhu Ming and

Mr. WANG Rui Yong

Non-executive Director:

Mr. SHI Kun

Independent Non-executive Directors

Mr. YU Zeng Biao, Mr. XIAO Geng, Mr. SHENG Lei Ming

and Mr. JIANG Xing Lu

- 2 -

Disclaimer

Tsingtao Brewery Company Limited published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:12:10 UTC.


ę Publicnow 2021
All news about TSINGTAO BREWERY COMPANY LIMITED
01/14Tsingtao Brewery Projects Growth in 2021 Profit
MT
01/13Tsingtao Brewery Bags Comprehensive Services Deal With Controlling Shareholder
MT
01/13Tsingtao Brewery Company Limited Provides Unaudited Consolidated Earnings Guidance for ..
CI
2021Tsingtao Brewery's Profit Rises 6% in Q3; Shares Rally 10% in Shanghai
MT
2021TSINGTAO BREWERY : to Buyback, Cancel Restricted Shares Granted to Former Employees
MT
2021TSINGTAO BREWERY COMPANY LIMITED : Ex-dividend day for final dividend
FA
2021Tsingtao Brewery Company Limited Announces Yu Zeng Biao Resigned as Member of the Nomin..
CI
2021Tsingtao Brewery Company Limited Announces Declaration of Dividend
CI
2021Chinese Beer Makers Soar as Hopes Rise Ahead of UEFA Games, Summer
DJ
2021Tsingtao Brewery Company Limited Appoints Guo Xiu Zhang as Supervisor as Shareholders' ..
CI
More news
Analyst Recommendations on TSINGTAO BREWERY COMPANY LIMITED
More recommendations
Financials
Sales 2021 30 108 M 4 746 M 4 746 M
Net income 2021 2 841 M 448 M 448 M
Net cash 2021 18 743 M 2 954 M 2 954 M
P/E ratio 2021 27,2x
Yield 2021 1,56%
Capitalization 101 B 15 863 M 15 884 M
EV / Sales 2021 2,72x
EV / Sales 2022 2,46x
Nbr of Employees 33 945
Free-Float -
Chart TSINGTAO BREWERY COMPANY LIMITED
Duration : Period :
Tsingtao Brewery Company Limited Technical Analysis Chart | 168 | CNE1000004K1 | MarketScreener
Technical analysis trends TSINGTAO BREWERY COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 56,14 CNY
Average target price 70,05 CNY
Spread / Average Target 24,8%
EPS Revisions
Managers and Directors
Zhu Ming Yu Chief Financial Officer & Executive Director
Ke Xing Huang Chairman
Yan Li Member-Supervisory Board
Min Jiang Independent Non-Executive Director
Xing Lu Jiang Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TSINGTAO BREWERY COMPANY LIMITED-5.75%15 863
ANHEUSER-BUSCH INBEV SA/NV10.93%114 367
HEINEKEN N.V.4.39%67 866
CONSTELLATION BRANDS, INC.-0.93%46 661
AMBEV S.A.-1.88%42 840
BUDWEISER BREWING COMPANY APAC LIMITED-1.71%34 132