Market reports say China Resources Beer (Holdings) Ltd has launched a special
exit audit of the economic-responsibility performance of Gan Xiaofeng, former GM
of Jingzhi Baijiu and current GM of Shuijingfang. A contact in China Resources
Beer's audit team confirmed the audit is underway, described it as an internal
company process and said there is nothing for external disclosure. Shuijingfang
had not responded by publication time.