On May 6, Chairman Fu Yuning heard the work report on CR Enterprise at the headquarters of the Group and exchanged ideas with the management of CR Enterprise.

Deputy General Manager Chen Lang of the Group reported on the historical development, current operations, organizational management and future development plan. The managements of the retail, beer, food and beverage divisions reported on the current operations, competitions and work plans.

Chairman Fu spoke positively of the clear development strategy and management plan of CRE and the professionalism and work enthusiasm of the management team and set out specific targets for the future work. Fu stressed that CRE operates in a highly competitive industry, one that goes best with the market image and business logic of CR. CRE should seek to develop the best products in China and even in the world, constantly integrate its market resources, strengthen the competition barriers and achieve economies of scale by giving full play of its competitive advantages; Meanwhile, we should promote strategic operational control, active allocation of resources, synergies, maximizing efficiency and cash flow to support the development of brothers, the depth of excavation customer information resources and create greater value for CR Group.

Accompanying Fu in the hearing of the reports were Vice Chairman Wang Yin of the Group and heads of the Directors' Office and the Strategy Management Division.