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Milestones

1992-2001

1992	CRH acquired Winland Investment Limited and renamed it as "China Resources Enterprise, Limited" ("CRE"); CRE was among the first Chinese enterprises listed in Hong Kong Property investment was the main focus of CRE then
1993	Founded the joint venture China Resources (Shenyang) Snowflake Brewery Co. Ltd., marking CRE’s venture into beer business
1994	Signed an agreement with South African Breweries Group* to jointly develop beer business in China (*South African Breweries Group acquired Miller Brewing Company in 2002 and changed its name to SABMiller PLC which was acquired by Anheuser-Busch InBev SA/NV in 2016)
1995	Ng Fung Hong Limited (Now known as China Resources Ng Fung Limited) was listed on The Stock Exchange of Hong Kong Limited. CRE acquired 26% stake in this company and began operating food business
1996	Acquired 67.25% interest in a purified water production plant and began developing the "怡宝 C'estbon" purified water business Spinned off China Resources Beijing Land Limited (Now known as China Resources Land Limited) for listing
1997	CRE became an Hang Seng Index constituent stock Bought 80% stake in Redland Holdings Limited Completed set up of joint venture with Esprit Holdings Limited to distribution, promotion and retail sale activities of “Esprit” in China
1999	Acquired the retail business of CRH including Chinese Arts & Crafts (H.K.) Limited and CRC Department Store Limited Increased shareholding in China Resources Supermarket (Hong Kong) Limited to 100%
2000	Transferred stakes in China Resources Beijing Land Limited (Now known as China Resources Land Limited) and Logic International Holdings Limited (which was subsequently renamed China Resources Logic Limited and China Resources Gas Group Limited) to CRH in exchange for oil and chemical distribution business The pharmacy section of CRC Department Store named "CRCare"
2001	Completed privatisation of Ng Fung Hong Limited (Now known as China Resources Ng Fung Limited), which became a wholly-owned subsidiary of CRE

2002-2011

2002	Acquired the retail business of CR Vanguard and the Suguo brand supermarket business
2003	Spinned off concrete business, which was listed on the Hong Kong Stock Exchange Limited after integrating its business with the other concrete and cement businesses of CRH (subsequently renamed as China Resources Cement Holdings Limited)
2004	Opened the first "Ole'" supermarket in Shenzhen
2005	Strategically restructured its businesses by selling non-core operations including petrol stations, oil storage and petroleum and chemical business, etc. and focusing on its core retail and consumer goods businesses "雪花 Snow" beer became the best-selling single beer brand in China in terms of volume. The total sales volume of beer business ranked number 1 in the China market
2006	Beer business became number one in sales volume
2007	Completed disposal of all petroleum related business Increased stake in purified water business to 100% Opened the first "VanGO" convenience store in Shenzhen
2008	"雪花 Snow" became the best-selling beer brand worldwide in terms of volume
2009	Swapped assets with CRH our textile and container terminal businesses for 75 hypermarkets in China and a brewery in Shandong province, to boost core retail and consumer goods businesses
2010	Acquired 80% stake in Pacific Coffee (Holdings) Limited Completed selling stake in "Esprit" business in China to Esprit Holdings Limited, and from then onward, directed its focus on four core retail and consumer goods businesses namely retail, beer, food and beverage Opened the first "歡樂頌 Fun Square" shopping center in Shenzhen Launched high-end "blt" supermarket, "Voi_la!" wine cellar and "釆活 VIVO" health and beauty retail store operations
2011	Set up a joint venture company with Kirin Holdings Company, Limited, with CRE holding 60% interest

2012-Now

2012	Completed acquisition of 100% holding of Jiangxi Hongkelong Department Store Investment Company Limited
2014	Set up a joint company with Tesco PLC to develop multi-format retail business in China
2015	CRE completed the disposal of all non-beer businesses, including retails, food, and beverage business to CRH The Company was renamed from "China Resources Enterprise, Limited" to "China Resources Beer (Holdings) Company Limited"
2016	Reached an agreement with Anheuser-Busch InBev SA/NV to acquire 49% stake of CRSB held by SABMiller Asia Limited, for a consideration of US$1.6 billion, making CRSB a wholly-owned subsidiary of the Company. The transaction was completed in October 2016, making it a wholly-owned subsidiary of the Company Announced the launch of a proposed rights issue in July 2016, on the basis of one rights share for every three existing shares, which resulted in an over subscription in August and having raised over HK$9.5 billion. The net proceeds was used to fund the acquisition of 49% stake in CRSB, as well as for working capital and general corporate purposes
2018	Agreed to establish a long-term strategic partnership with the Heineken Group in August, the world’s second-largest beer producer, and entered into a share purchase agreement on November 5. The co-operation represents an important strategic and long term growth, and value enhancing proposition for the Group to expand into the premium beer market.
2019	The Group has completed the transaction with Heineken Group, which enabled the Group to promote to a new high level on its development of premium segments.
2023	Completion of the acquisition of 55.19% equity interest in Guizhou Jinsha Jiaojiu Winery Industry Co., Ltd.* (貴州金沙窖酒酒業有限公司) Launch of the addition of a Renminbi counter with an intention to support the HKD-RMB Dual Counter Model program * For identification purposes only

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