On July 30, TSINGTAO BREW rose 3.02% in regular trading, trading at HK$48.56/share, with turnover of HK$311 million.

On the news front, the company's controlling shareholder Tsingtao Brewery Group and its concert party Hong Kong Xinhaisheng Investment Development Co., Ltd. are actively advancing their share accumulation plan. According to prior announcements, the group plans to increase holdings in both A-shares and H-shares via the Shanghai Stock Exchange and Hong Kong Stock Exchange over six months starting July 24, with a total investment of no less than RMB 150 million and no more than RMB 300 million. The initial purchase has been completed, acquiring 40,000 A-shares and 62,000 H-shares for approximately RMB 4.569 million.

The accumulation plan signals the controlling shareholder's confidence in the company's long-term strategic value and aims to bolster market expectations and investor confidence. Additionally, the company reported Q1 attributable net profit growth of 5.2% year-over-year to RMB 1.8 billion, with mid-to-high-end product sales rising 3.1%.

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