Tsingtao Brewery Company Limited (SEHK:168) entered into the Transfer Agreement to acquire Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. (Group) Co., Ltd. for approximately CNY 670 million on May 7, 2025. A cash consideration of CNY 665 million will be paid by Tsingtao Brewery Company Limited.

For the period ending December 31, 2024, Shandong Jimo Yellow Wine Factory Company Limited reported total revenue of CNY 166.41 million and net income of CNY 30.47 million. As of December 31, 2024, Shandong Jimo Yellow Wine Factory Company Limited reported total assets of CNY 908.1 million and total common equity of CNY 203.04 million.

Tsingtao Brewery Company Limited (SEHK:168) cancelled the acquisition of Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. (Group) Co., Ltd. on October 27, 2025.