Reorganization of Yellow River Beer Company

1993,1993 On February 27th, with the approval of Gansu Economic System Reform Committee, Lanzhou Yellow River Enterprise Co., Ltd., initiated and controlled by Yellow River Group, was established and listed as the first pilot unit for the listing and circulation of legal person shares in Gansu Province. After six years' efforts, 45 million shares of Yellow River were publicly issued to the public on May 23rd 1999, and officially listed on Shenzhen Stock Exchange on June 23rd. The first phase raised 336 million yuan, which greatly enhanced the development potential of the enterprise and improved its social status. Today, Lanzhou Yellow River Enterprise Co., Ltd. has developed into four beer enterprises in Lanzhou, Tianshui, Jiuquan and Qinghai, and two malt production enterprises in Lanzhou and Jinchang, with 10 holding subsidiaries such as packaging, printing, efficient agriculture and investment guarantee.