China Resources Beer (Holdings) Company Limited has dispatched a circular convening its 2026 Annual General Meeting (AGM) for 20 May 2026 at the company’s Hong Kong headquarters. Key items up for shareholder approval include fresh share buy-back and issuance mandates, re-election of 10 directors and a final dividend declaration.

Share mandates • Buy-back: The board is asking for authority to repurchase up to 10% of issued share capital (excluding treasury shares) during the mandate period, equal to a maximum of 324.42 million shares based on the 3.24 billion shares outstanding as at 16 April 2026. • Issuance: A separate resolution seeks approval to allot and issue new shares of up to 20% of current issued share capital, or 648.84 million shares. An additional mandate would extend this limit by the number of shares actually repurchased, potentially raising the effective ceiling to 30% of current issued shares.

Dividend proposal The board recommends a final dividend of RMB0.557 per share for FY 2025, payable on or around 8 July 2026. Shareholders on record as of 27 May 2026 will be entitled to receive the dividend, which will be paid in Hong Kong dollars converted from renminbi at the average CNY Central Parity Rate for the five business days up to and including the AGM date.

Board composition Ten directors—three executive, three non-executive and four independent non-executive—are standing for re-election, including President Jin Hanquan and CFO Yang Hongxia. Independent directors Houang Tai Ninh and Dr Li Ka Cheung, who have each served more than nine years, will be voted on via separate resolutions in line with Hong Kong’s Corporate Governance Code.

Director remuneration For 2026, the board proposes fees of RMB0.18 million per year for each executive and non-executive director, and HK$0.42 million per year for each independent non-executive director. An additional HK$10,000 per annum is proposed for independent directors serving on board committees, with a further HK$10,000 for committee chair roles.

Timetable • Share transfer books close: 11–20 May 2026 (both days inclusive) for AGM attendance; last day to lodge transfers is 8 May 2026. • AGM: 20 May 2026, 2:30 p.m. (Hong Kong). • Books close for dividend: 27 May 2026; last day to lodge transfers is 26 May 2026. • Dividend payment: on or about 8 July 2026.

The board recommends shareholders vote in favour of all resolutions, citing alignment with the company’s capital management strategy and governance continuity.