The company is a wholly state-owned company funded by the Qingdao Municipal State-owned Assets Administration Commission. The main business of the Tsing Beer Group includes two aspects. One is the manufacture and sale of beverages such as beer; the other is the development and purchase and operation of resources for industries related to beer manufacturing. The main business is the production and sale of products such as beer. Main product: Tsingtao Brewery. During the reporting period, the company actively participated in charitable donations and other social welfare activities to give back to society and give love. Through the Qingdao Education Development Foundation, 0.3 million yuan of bursaries were spent on the “Qingdao University - Tsing Beer Scholarship” program, and 80 students received the Tsing Beer Scholarship. It also donated 0.1 million yuan to the Qingdao Disabled Welfare Foundation to help disabled people living in difficult circumstances, etc.