The beer business constitutes an important part of the value investment strategy of BEHL. The principal enterprise is Beijing Yanjing Brewery Co., Ltd. (“Yanjing Brewery”), with its business scope covering the production and sales of beer products.

Beijing Yanjing Brewery Company Limited
As a large brewery group in China and one of the largest beer manufacturers in Asia, Yanjing Brewery (000729.SZSE) achieves an annual beer sales volume of over 4 million kiloliters and operates more than 30 wholly-owned and controlled beer production bases in China. Yanjing Brewery ranks among the Top 100 Enterprises in China’s Light Industry, the Top 50 Enterprises in China’s Light Industry Food Sector, and the Top 500 Asian Brands, with a brand value of approximately RMB223.7 billion. It also owns renowned domestic beer brands such as Liquan, Huiquan and Xuelu.

Yanjing U8