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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
ORDER OF MEETING FOR SHAREHOLDERS' GENERAL MEETING; AND
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
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.