Beijing Enterprises Holdings Limited announced its indirect wholly-owned subsidiary Beijing Gas Group Company Limited, the Company's indirect non wholly-owned subsidiary Beijing Yanjing Brewery Co., Ltd. and the Company's ultimate controlling shareholder Beijing Enterprises Group Company Limited (BE Group) have agreed to enter into an investment agreement pursuant to which the three parties propose to collaborate in establishing Beijing Enterprises Group Finance Co., Ltd. (BE Group Finance). The Company has been informed that BE Group has received the "Approval for Preparation of Establishment of a Finance Company for an Enterprise Group by Beijing Enterprises Group Company Limited.