Group 1: Company Developments - Banu International Holdings Limited submitted its listing application to the Hong Kong Stock Exchange, reporting revenues of 5.639 billion RMB in Q1 2024 and 7.087 billion RMB in Q1 2025, with adjusted net profits of 575 million RMB and 767 million RMB respectively [1] - Midea Group announced a share repurchase plan with a maximum amount of 10 billion RMB and a minimum of 5 billion RMB, aiming to repurchase up to 1 billion shares, which is approximately 1.30% of the total issued shares [6] - *ST Zhongdi plans to transfer its real estate development assets and liabilities to its controlling shareholder for 1 RMB, focusing on property services and asset management for strategic transformation [7] - Muyuan Foods announced that its application for H-share issuance has been accepted by the China Securities Regulatory Commission [8] - *ST Jiuyou's stock will be delisted, with the Shanghai Stock Exchange initiating the delisting process due to significant reporting violations, including a fine of 8.5 million RMB [10] - Weir Shares will change its name to Haowei Group, effective June 20, 2025 [11] - Three squirrels terminated the acquisition of Hunan Ailing Food Technology due to failure to reach agreement on core terms [12] - Bohai Automobile plans to acquire stakes in four automotive parts companies through a combination of share issuance and cash payments [13] - Zhujiang Beer elected a new chairman, Huang Wensheng, following the retirement of the previous chairman [14] Group 2: Industry Trends - The National Medical Products Administration announced measures to support innovative drug development, including a 30-day review process for clinical trial applications [3] - Guangdong Province aims to cultivate 3-5 leading enterprises in the nuclear medicine industry by 2030, enhancing innovation capabilities and establishing a competitive industry cluster [5] - The National Radio and Television Administration is implementing regulations to improve user experience in internet television services, addressing issues related to automatic renewal and user complaints [4] - Shanshui Technology plans to invest 6 billion RMB in a new chemical materials project, expected to generate an annual output value of 8 billion RMB upon completion [19]

Group 1 - Banqiao Qiancheng signed a significant contract with Mango Film and Television for a total amount of 372 million yuan, accounting for 50.65% of the company's audited main business income for 2024 [1] - The contract allows Mango Film and Television to use the new media and traditional media broadcasting rights for related film and television works globally, positively impacting Banqiao Qiancheng's financial status and operating performance in 2025 and beyond [1] - Jingwei Huikai plans to sell its wholly-owned subsidiary Changsha Yushun for 112 million yuan, which will no longer be included in the consolidated financial statements after the transaction [1] Group 2 - Minsheng Health's subsidiary received a patent for a strain of lactic acid bacteria that significantly improves sarcopenic obesity, although it has not yet been applied to the company's products [2] - Dafu Technology intends to transfer 27% of its subsidiary Shenzhen Peitian Intelligent Manufacturing Equipment Co., Ltd. for 192 million yuan, maintaining a controlling stake post-transaction [3] - Feilong Co. received orders for high-power electronic water pumps for data centers from a well-known global power electronics provider [4] Group 3 - Yatai Co. was selected as a supplier for a foreign brand's EPB project, with a total sales amount of approximately 680 million yuan over a five-year lifecycle [5] - Gansu Energy's 1 million kilowatt wind-solar integrated project has received approval, representing over 10% of the company's installed capacity by the end of 2024 [6] - Jilin Aodong's subsidiary received approval for a drug supplement application for "Tang Le Capsule," used to treat symptoms related to diabetes [7] Group 4 - Shanshui Technology plans to invest 6 billion yuan in a new chemical materials project, expected to generate an annual output value of 8 billion yuan upon completion [8] - Dazhu CNC's H-share issuance application has been accepted by the China Securities Regulatory Commission [9] - Zhujiang Beer announced the resignation of its chairman due to retirement age, with a new chairman elected on the same day [10] Group 5 - Longkun Technology won a bid for a waste collection service project worth 21.57 million yuan, with a service period of one year [11] - Zhongnan Culture plans to provide financial support of up to 20 million yuan to its subsidiary for daily operational needs [12] - Shangfeng Cement's investment in a company applying for an IPO on the Sci-Tech Innovation Board has been accepted [13] Group 6 - Chuanheng Co. received a patent for a system and method for harmless treatment of phosphorus tailings [14] - Toukeng Life's seven medical device registration applications have been accepted, covering various diagnostic fields [15] - Xingqi Eye Medicine's clinical trial for a new eye gel has commenced with the first subject enrolled [16] Group 7 - Jiebang Technology plans to provide financial support of up to 60 million yuan to its subsidiary for operational needs [17] - Shenzhen Airport reported a passenger throughput of 5.54 million in May, a year-on-year increase of 15.67% [18] - Wan'an Technology received a cash dividend of 30 million yuan from its wholly-owned subsidiary [19] Group 8 - Jiuchuan Bio received a medical device registration certificate for a cystatin C assay kit [20] - Hongqiang Co. obtained a safety production license for its subsidiary, marking the official production of a new project [21] - Xiangtan Electric plans to issue convertible bonds totaling 487 million yuan [22] Group 9 - Guangwei Composite signed a supplementary material procurement contract worth 658 million yuan [23] - Jichuan Pharmaceutical announced a comprehensive tender offer starting June 18, with a price of 26.93 yuan per share [24] - Aerospace Rainbow plans to distribute cash dividends of 0.60 yuan per share [25] Group 10 - Industrial Bank plans to distribute cash dividends of 1.06 yuan per share, totaling 22.433 billion yuan [26] - China Automotive Research will repurchase and cancel 230,800 restricted shares due to the retirement of original incentive objects [27] - Annie Co. announced abnormal stock trading fluctuations but confirmed no significant changes in its operations [28] Group 11 - Giant Network confirmed no undisclosed significant matters following abnormal stock trading fluctuations [29]

广州珠江啤酒股份有限公司 关于公司董事长辞职及选举董事长的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、公司董事长辞职的情况 证券代码：002461 证券简称：珠江啤酒 公告编号：2025-017 广州珠江啤酒股份有限公司（以下简称"公司"）董事会于 2025 年 6 月 16 日收 到公司董事长王志斌先生的书面辞职报告。因已届退休年龄，王志斌先生申请辞去 公司董事、董事长及董事会战略委员会主任委员、提名委员会委员职务。辞职生效 后，王志斌先生不再担任公司任何职务。截至本公告披露日，王志斌先生未持有公 司股份，不存在应履行而未履行的承诺事项。 根据有关规定，王志斌先生辞职未导致公司董事会成员低于法定最低人数，不 会影响公司相关工作的正常开展，王志斌先生的辞职报告自送达公司董事会之日起 生效。公司董事会对王志斌先生任职期间所做工作表示感谢！ 二、选举公司董事长的情况 公司于 2025 年 6 月 16 日召开第四届董事会第八十四次会议，审议通过了《关 于选举黄文胜先生为公司董事长的议案》，公司董事会选举黄文胜先生为公司第四 届董事会董事长，任期自本议案审议 ...

证券代码：002461 证券简称：珠江啤酒 公告编号：2025-018 广州珠江啤酒股份有限公司 表决结果：同意 8 票，反对 0 票，弃权 0 票，赞成票数占董事会有效表决 权的 100%审议通过此项议案。 特此公告。 一、审议通过《关于选举黄文胜先生为公司董事长的议案》。 公司董事会选举黄文胜先生为公司第四届董事会董事长，任期自本议案审 议通过之日至第四届董事会换届之日止。黄文胜先生担任公司董事长后不再担 任公司副董事长。根据《公司章程》规定，董事长为公司的法定代表人，公司 法定代表人变更为黄文胜先生。 表决结果：同意 8 票，反对 0 票，弃权 0 票，赞成票数占董事会有效表决 权的 100%审议通过此项议案。 二、审议通过《关于补选董事会专门委员会委员的议案》。 根据《公司章程》、董事会专门委员会工作条例及有关规定，结合近期公 司董事会成员的变动情况，补选黄文胜先生为提名委员会委员。 第四届董事会第八十四次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 广州珠江啤酒股份有限公司（以下简称"公司"）第四届董事会第八十四 次会议于 2025 年 6 ...

公司董事会选举黄文胜先生为公司第四届董事会董事长，任期自本议案审 议通过之日至第四届董事会换届之日止。黄文胜先生担任公司董事长后不再担 任公司副董事长。 根据《公司章程》规定，董事长为公司的法定代表人，公司法定代表人变更为 黄文胜先生。 表决结果：同意 8 票，反对 0 票，弃权 0 票，赞成票数占董事会有效表决 权的 100%审议通过此项议案。 广州珠江啤酒股份有限公司（以下简称"公司"）第四届董事会第八十四 次会议于 2025 年 6 月 16 日以通讯方式召开，召开本次会议的通知及相关资料 已于 2025 年 6 月 12 日通过电子邮件等方式送达各位董事。本次会议应到董事 合《公司法》及公司章程的有关规定。与会董事经认真讨论，审议通过了以下 议案： 一、审议通过《关于选举黄文胜先生为公司董事长的议案》。 二、审议通过《关于补选董事会专门委员会委员的议案》。 证券代码：002461 证券简称：珠江啤酒 公告编号：2025-018 广州珠江啤酒股份有限公司 根据《公司章程》、董事会专门委员会工作条例及有关规定，结合近期公 司董事会成员的变动情况，补选黄文胜先生为提名委员会委员。 本公司及董事会全体成员保证 ...

证券代码：002461 证券简称：珠江啤酒 公告编号：2025-018 广州珠江啤酒股份有限公司 第四届董事会第八十四次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 广州珠江啤酒股份有限公司（以下简称"公司"）第四届董事会第八十四 次会议于 2025 年 6 月 16 日以通讯方式召开，召开本次会议的通知及相关资料 已于 2025 年 6 月 12 日通过电子邮件等方式送达各位董事。本次会议应到董事 8 人（其中独立董事 3 人），实到董事 8 人。会议由黄文胜副董事长主持，符 合《公司法》及公司章程的有关规定。与会董事经认真讨论，审议通过了以下 议案： 二、审议通过《关于补选董事会专门委员会委员的议案》。 根据《公司章程》、董事会专门委员会工作条例及有关规定，结合近期公 司董事会成员的变动情况，补选黄文胜先生为提名委员会委员。 表决结果：同意 8 票，反对 0 票，弃权 0 票，赞成票数占董事会有效表决 权的 100%审议通过此项议案。 1 特此公告。 广州珠江啤酒股份有限公司董事会 一、审议通过《关于选举黄文胜先生为公司董事长的议案》。 公司董事 ...

珠江啤酒：选举黄文胜为新任董事长 智通财经6月16日电，珠江啤酒(002461.SZ)公告称，公司董事长王志斌因已届退休年龄申请辞去公司董 事、董事长及董事会相关职务，辞职生效后不再担任公司任何职务。公司董事会选举黄文胜为新任董事 长，任期至第四届董事会换届之日止，同时公司法定代表人变更为黄文胜。 ...

珠江啤酒（002461）公告，公司董事长王志斌因已届退休年龄，申请辞去公司董事、董事长及董事会战 略委员会主任委员、提名委员会委员职务。王志斌辞职后不再担任公司任何职务，且未持有公司股份。 公司董事会已选举黄文胜为新任董事长，任期自审议通过之日起至第四届董事会换届之日止。公司法定 代表人亦变更为黄文胜。 ...

Group 1: Current Status of the Beer Industry - The retail sales of tobacco and alcohol increased by 6.1% year-on-year from January to October 2024, indicating stable consumer demand [2][14] - China's beer production has shown steady growth since 2021, with low industry inventory levels in 2023 and strong confidence among distributors [2][17] - The market is highly concentrated, with five major brands (China Resources, Tsingtao, Yanjing, Chongqing, and Zhujiang) holding 70% of the market share, and Yanjing Beer reported a remarkable net profit growth of 94.3% in 2023 [2][17] Group 2: Trends in Beer Consumption Demand - Beer has gained significant popularity on social media, with a 260% year-on-year increase in social media mentions, leading the beverage industry [3][24] - The flavor profile of beer is diversifying, with white beer and fruit-flavored beers gaining traction, and the integration of tea flavors becoming a new trend [3][27] - The market for non-alcoholic and low-alcohol beers is rapidly growing, with a market value of 94.07 billion yuan in 2023, expected to increase its market share by 4% by 2027 [3][19] Group 3: Future Development Trends in the Beer Industry - Product innovation is on the rise, with a focus on integrating Chinese tea culture into beer, and packaging trends leaning towards functionality and sustainability [4][17] - Health-conscious products are emerging, such as zero-sugar and zero-alcohol beers, with brands like Suntory introducing vitamin D-infused non-alcoholic options [4][19] - Marketing strategies are evolving, with platforms like Douyin and Xiaohongshu being key for brand promotion, and live-streaming sales gaining traction [4][30]

Summary of Conference Call Records Industry Overview - The high-end beer industry in China is experiencing significant challenges, with overall beer sales declining approximately 10% in May 2025 compared to April 2025, indicating a worsening trend in the market [2][3] - The super high-end price segment (products priced above 12 RMB) saw a decline of 5.3% in May 2025, with specific brands like Blue Girl and Corona also facing declines of 5.5% and 12% respectively [2][4] Company Performance - Budweiser's high-end products experienced a 6.7% decline in sales in May 2025, primarily due to weak performance in Guangdong, where sales dropped nearly 25% [1][3][6] - Core price products saw a significant drop of nearly 18% in May 2025, with brands like Harbin Ice Pure and Snow Beer also reporting declines of 6.1% and over 15% respectively [1][2] - The overall sales decline in the Guangdong region is attributed to increased competition and promotional activities from local brands like Zhujiang Beer, which has rapidly replaced Harbin's market share [12][15] Regional Insights - Guangdong and Northeast regions are identified as the main areas of sales decline, each accounting for approximately 40% of the total sales drop [1][2] - The sales decline in Guangdong began in Q2 2024, exacerbated by promotional activities from Zhujiang Beer and differences in distribution models [12][13] Distributor Challenges - Distributors are facing significant challenges due to a sharp decline in market demand, leading to difficulties in meeting inventory targets [9][10] - The low-profit margins on products sold in small stores are causing distributors to prefer higher-margin products, further impacting Budweiser's market share [14] Strategic Responses - Carlsberg is implementing strategies to manage inventory and optimize its distribution network, including reducing the number of distributors and enhancing brand visibility [10][19] - Budweiser is adjusting its distributor structure by incorporating small distributors as primary distributors to improve profit margins and market coverage [18] Future Outlook - Budweiser is expected to enter a low base growth phase by Q3 or Q4 2025, with potential improvements in sales performance anticipated [6][19] - The company is focusing on increasing market share and brand visibility, particularly in core channels and through innovative regional partnerships, which have shown promising results in areas like Hubei and Anhui [19][21] Key Metrics - In the first five months of 2025, sales in innovative regions increased by 11.5%, with specific growth in core products and value segments [19][21] - The overall beer sales in China from May to December 2024 showed a decline of 3.1%, with Budweiser's sales down by 3.9% during the same period [11]