*ST Xifa: The company has control over Lhasa Beer

On June 21, the Financial Research Center of 300033 asked *st Xifa (000752) that it is known that your company and Carlsberg each hold a 50% stake in Lhasa Beer. This situation is not very favorable to Lhasa Beer, does your company have absolute control over Lhasa Beer? How to strengthen control, like the big Usu beer, to the whole country

The company replied that according to the "Articles of Association of Tibet Lhasa Beer Co., Ltd.", the board of directors decided on all major matters of Lhasa Beer, and among the 5 members of the board of directors, the company appointed 3, Carlsberg appointed 2, and the chairman of Lhasa Beer was appointed by the company. In accordance with the relevant provisions of the Accounting Standards for Business Enterprises, the company's board of directors or similar institutions in Lhasa Beer has a majority of voting rights, and the company has the right to decide the financial and operational decisions of Lhasa Beer. Therefore, the company has control over Lhasa Beer, which has always been a consolidated enterprise of the company. Thank you for your interest.

This article originated from the Flush Financial Research Center