Tsingtao Brewery Company Limited announced that Independent Non-Executive Director Sheng Lei Ming resigned on 23 April 2026 after nearly six years on the board. His departure also ends his roles as Chair of the Nomination & Remuneration Committee and member of the Audit & Internal Control Committee.

With the chair position now vacant, the company no longer meets Hong Kong Listing Rules 3.25 and 3.27A, which require the remuneration committee to be chaired by an independent director and the nomination committee to be led by either the board chair or an independent director. Management intends to appoint a suitable replacement within three months to restore compliance.

Tsingtao Brewery confirmed that Mr. Sheng has no disagreements with the board and no matters requiring shareholder attention regarding his resignation. The board expressed its appreciation for his contributions during his tenure.