| 1. Corporate
profile of Dalian Daxue Brewery Co., Ltd. |
| (1) |
Corporate Name: Dalian
Daxue Brewery Company, Limited |
| (2) |
Location of Head Office:
Pulandian, Dalian City, Liaoning Province, China
The company has two factories in Pulandian. One of the two began operating in
2003. |
| (3) |
Representative (President):
Wang Mingrui |
| (4) |
Sales: 200.07 million
yuan (2003) *about ¥2.8 billion
Pretax Profits: 46.6 million yuan (2003) *about ¥650 million
*1 yuan is ¥13.98 (based on the average exchange rate in 2003) |
| (5) |
Capital: 112.76 million
yuan (before investment by Kirin) *about ¥1.58 billion
* 1 yuan is ¥13.98 (based on the average exchange rate in 2003) |
| (6) |
Major Shareholder: Dalian
Daxue Group Company 99.1% |
| (7) |
Establishment: 1987 |
| (8) |
Number of Employees: 849
(including temporary workers) |
| (9) |
Business Operations: production
and sale of beer |
| (10) |
Main Products: Daxue Draft,
Daxue Tanso, Daibo |
| |
| 2. Business
tie-ups under the capital affiliation contract |
| (1) |
Capital Participation
Ratio: After Dalian Daxue Brewery receives approval from the Chinese government
for its plan to shift to a foreign affiliated joint company from a domestically
owned company in line with Chinese law, Kirin will acquire all of the new shares
to be floated by Dalian Daxue. As a result, Kirin will own 25% of all outstanding
shares in Dalian Daxue. |
| (2) |
Investment Amount: 300
million yuan (*about ¥3.87 billion)
* 1 yuan is ¥12.91 (based on the exchange rate on November 11, 2004) |
| (3) |
Dispatch of Employees
and Others:
| • |
Two of five board of
directors at Dalian Daxue dispatched by Kirin |
| • |
Two senior officials
dispatched by Kirin |
|
| (4) |
Business Tie-ups:
| • |
Providing business support
by introducing Kirin's technological know-how and expertise on product quality
control, energy conservation, and sanitation. |
| • |
Helping Dalian Daxue to
strengthen its brand image and recognition based on market research and others |
| • |
Producing and selling
Kirin brand products |
|
| |
| (Reference)
Location of Dalian City in Liaoning Province |
| Map of China |
Map of Liaoning Province |
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