

Group 1 - The new chairman of China Resources Beer, Zhao Chunwu, will officially take over on September 3, 2025, after being appointed as the chairman and chairman of the finance committee [1] - Zhao Chunwu has extensive experience in the company, having joined China Resources Snow Beer in 2003 and held various key positions, including general manager of several regional companies [1] - The previous chairman, Hou Xiaohai, resigned on June 27, 2023, to focus on personal matters, leading to Zhao Chunwu temporarily assuming the chairman's responsibilities [2] Group 2 - Under Hou Xiaohai's leadership, China Resources Beer saw significant growth, with the company achieving a revenue of 23.942 billion yuan in the first half of 2025, a year-on-year increase of 0.8%, and a net profit of 5.789 billion yuan, up 23% [4] - The beer business generated revenue of 23.161 billion yuan, reflecting a 2.6% year-on-year growth, while the liquor business contributed 0.781 billion yuan, accounting for nearly 80% of the liquor business revenue [4] - The company is committed to a long-term and high-end development strategy, focusing on a dual empowerment business model of "beer + liquor" to navigate the complex consumer environment [4]