Management Team of China Resources Venture Co., Ltd.

Chairman: Qiao Shibo.

Executive Directors: Chen Lang (General Manager) and Li Ruxiong (Chief Financial Officer).

Non-executive Directors: Wei Bin, Yan Biao, Shi Shanbo, Du, Zhang Haipeng.

Independent non-executive directors: Huang Daning, Zheng, Chen Zhisi and Xiao. Supermarkets and logistics

The company's supermarket business is mainly operated through its two subsidiaries, CR Vanguard and Su Guo. CR Vanguard focuses on the development of South China, while Su Guo focuses on East China. By the end of February, 65438+2008, the company had operated more than 2,600 retail stores in China and Hongkong, of which 54.8% were direct stores and the rest were franchise stores. Store formats are roughly divided into large supermarkets, comprehensive supermarkets, standard supermarkets and convenience stores. Chinese mainland stores are mainly located in Shenzhen, Guangzhou, Nanjing, Suzhou, Hangzhou, Tianjin and Beijing. At present, the company has a major market position in Guangdong Province and Jiangsu Province. And owns and operates many high-quality storage facilities and distribution centers in Hongkong and Chinese mainland.

(2) Clothing brand distribution (sold to China Resources Group)

As of February 2008, China Resources Fashion and Strategy Solutions Co., Ltd., a subsidiary of our company, mainly engaged in the distribution of international clothing brands through the network of about 1, 130 direct stores and franchise stores in China.

(3) Retail industry in Hong Kong

CR Vanguard has opened two types of chain retail stores in several first-class locations in China, including "Zhong Yi" and "Huaruntang", dealing in the sales of traditional handicrafts, antiques, high-end products, health care products, pharmaceutical products and general commodities. At present, the company is one of the leading beer manufacturers in China. By June 65438+February 3, 20081%,the company had 60 breweries in China with an annual output of about120 kiloliters. The company has successfully established many famous brands such as "Snowflake" beer, Lan Jian, Yin Hang Pavilion, Zhonghua and New Samsung, among which Snowflake beer is a national brand, accounting for 84.0% of the total sales volume of about 7.3 million kiloliters in 2008.

Pure water business has become a wholly-owned business of our company in May 2007. With "Yibao Yibao" as the main sales brand, it occupies a leading position in the packaged water market in Shenzhen. In 2008, the sales volume reached about 1.4 kiloliter. The company owns a number of leased properties in Hong Kong and the Mainland, and its income mainly comes from Grade A retail properties. The retail property area in Hong Kong is 576,000 square meters, and there are also rental properties for factories and office buildings.