On the evening of May 20th, Shanxi Fenjiu (600809)ValidcasinoextremenodepositbonusSH) issued a notice that due to the expiration of the company's shareholder Huachuang Xinrui (Hong Kong) Co., Ltd. (hereinafter referred to as Huachuang Xinrui) fund, it is proposed to reduce its holdings of no more than 8 million shares of Shanxi Fenjiu, accounting for about 0.66% of the total equity. This reduction plan will not change the firm confidence in the future development prospects of China Resources start-up Shanxi Fenjiu and the high recognition of its long-term value.

According toValidcasinoextremenodepositbonusIt is understood that as of today, Huachuang Xinrui holds 140 million shares of Shanxi Fenjiu, accounting for about 11.16% of the company's total share capital, of which the major shareholder, China Resources Entrepreneurship Co., Ltd. (hereinafter referred to as China Resources Entrepreneurship) holds 80.62% of Huachuang Xinrui shares. China Resources Entrepreneurship and Fund I (limited partnership) (hereinafter referred to as Lianhe Fund) holds 19.38% of Huachuang Xinrui shares.

According to the relevant cooperation agreement of Lianhe Fund, it faces the arrangement of fund expiration and withdrawal and needs to reduce its indirect holdings of Shanxi Fenjiu shares, so Huachuang Xinrui plans to reduce its holdings of no more than 8 million shares through bulk trading this time, which will be implemented within 3 months after 15 trading days from the date of public disclosure of the reduction plan.

From the point of view of the industry, this reduction belongs to the normal capital needs of enterprises, not the strategic reduction of Shanxi Fenjiu by China Resources Entrepreneurship, so there is no need to worry about the market. In the announcement, China Resources Entrepreneurship also made it clear that it will continue to hold Shanxi Fenjiu shares through Huachuang Xinrui and has no plans to reduce its holdings, and will, as always, uphold an international vision and experience in M & An integration, combine with Shanxi Fenjiu Division, and complement each other's advantages. make every effort to promote high-quality and steady development.

For a long time, the cooperation between China Resources Group and Shanxi Fenjiu is also regarded as a typical successful case of state-owned enterprises mixed with state-owned assets.

In 2018, Huachuang Xinrui, a subsidiary of China Resources Group, became the second largest shareholder through the transfer of Shanxi Fenjiu controlling shareholder Fenjiu Group Co., Ltd., and the cooperation between the two sides made rapid progress, from the formation of a consensus between the two sides to the completion of the share transfer, which took only five months.

After the equity participation, China Resources Group and Shanxi Fenjiu also carried out in-depth cooperation. On the one hand, it was observed that there were two directors with China Resources background in the board composition of Fenjiu; on the other hand, the two sides conducted in-depth cooperation in resources, personnel, marketing, market and other aspects, which also accelerated the revival of Shanxi Fenjiu.

In 2017, the year before China Resources Group entered Shanxi Fenjiu, Shanxi Fenjiu achieved an income of 6.037 billion yuan and a net profit of 944 million yuan. in the following years, Shanxi Fenjiu developed rapidly at an annual rate of one step. By 2023, Shanxi Fenjiu has achieved an income of 31.93 billion yuan and a net profit of 10.44 billion yuan, several times more than in 2017.

Shanxi Fenjiu has said publicly for many times that China Resources has provided great support and help in the development of Fenjiu. The two sides not only carried out close cooperation in corporate governance, shared channels and other fields, but also jointly wrote a brilliant chapter in corporate cooperation and development.

At the same time, in the cooperation with Shanxi Fenjiu, China Resources Group also benefited a lot. According to the agreement at that time, the transfer price per share of the underlying shares was 52.04 yuan. As of the last trading day, the share price of Shanxi Fenjiu was 264.57 yuan. In the process of the development of Shanxi Fenjiu, China Resources Group also enjoys many benefits such as continuous dividends and stock price buoyancy.

It is worth noting that on May 8 this year, Shanxi Fenjiu just deepened its cooperation with China Resources Group and signed a deepening strategic cooperation agreement and a strategic cooperation framework agreement with China Resources Entrepreneurship and China Resources Science and Technology Research Institute, respectively. The two sides will aim to continue to write a new chapter of high-quality development of "1: 1 > 2" and deeply tap the advantages of technology and resources. In-depth cooperation in management improvement, marketing, product research and development, mathematical intelligence empowerment and other aspects to achieve strategic progress, business reciprocity, brand win-win.

In the outside world, the cooperation between China Resources Group and Shanxi Fenjiu is far from the ceiling. As the two sides further expand the depth and breadth of cooperation and build a more perfect cooperation mechanism, the future of Shanxi Fenjiu will be brighter and more promising.