Announcement on the Revision of the Major Asset Purchase Report (Draft) by Tibet Development Co., Ltd.
Tibet Development Co., Ltd. (hereinafter referred to as "Tibet Development" or "the Company") intends to purchase a 50.00% equity stake in Tibet Lhasa Beer Co., Ltd. (hereinafter referred to as "the Target Company") from Carlsberg International A/S for cash (hereinafter referred to as "this transaction" or "this major asset restructuring"). The Company disclosed the "Major Asset Purchase Report (Draft)" (hereinafter referred to as "the Restructuring Report") and related documents on January 30, 2026. In the Restructuring Report, the audit benchmark date for the Target Company is July 31, 2025, and the financial data as of January 31, 2026, has expired. On February 12, 2026, the Company received an inquiry letter from the Shenzhen Stock Exchange regarding the major asset purchase (Inquiry Letter [2026] No. 2, hereinafter referred to as "the Inquiry Letter").