Ng Fung Hong Limited (Now known as China Resources Ng Fung Limited) was listed in the HKex. CR Enterprise acquired 26% stake in this company and began operating food business.

Ng Fung Hong Limited (Now known as China Resources Ng Fung Limited) was listed in the HKex. CR Enterprise acquired 26% stake in this company and began operating food business.

CR Enterprise became an HSI constituent stock.

Bought 80% stake in Redland Holdings Limited.

Completed set up of joint venture with Esprit Holdings Limited to operate retail business of “Esprit” ready-to-wear products in China.

Acquired the retail business of China Resources Group including Chinese Arts & CRafts (H.K.) Limited and CRC Department Store Limited.

InCReased shareholding in China Resources Supermarket (Hong Kong) Limited to 100%.

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 China Resources Group in exchange for oil and chemical distribution business.

The pharmacy section of CRC Department Store was made an independent operation christened "CRCare".

Completed privatisation of Ng Fung Hong Limited (now China Resources Ng Fung Limited), which became a wholly-owned subsidiary of CR Enterprise.

"雪花 CR Snow" beer became the best-selling single beer brand in China in terms of volume.

Beer business topped the list of best-selling beer producers in the country in terms of volume.

Completed sale of all petroleum related business.

InCReased stake in purified water business to 100%.

Opened the first "VanGO" convenience store in Shenzhen.

"雪花 Snow" became the best-selling single beer brand worldwide in terms of volume.

Swapped assets with China Resources Group 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.

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 "欢乐颂 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.

Set up a joint venture company with Kirin Holdings Company, Limited, with CR Enterprise holding 60% interest, to actively expand its non-alcoholic beverage business.

CR Vanguard has been directly manage by to China Resources Group, China Resources Enterprise Limited‘'s main business change to beer, food and beverage.

CR Enterprise completed the 3.75 billion purchase of NWS Kwai Chung Logistics Centre and transferred its ownership and management control to CR Logistics. The centre was thus renamed "China Resources International Logistics Centre".

CR Enterprise Properties acquired a Sugar Estates Limited project.

Pacific Coffee acquired 40% stake in Aroma Coffee (Shanghai) Co., Ltd.

CR Ng Fung set up a joint venture company with Sovena.

CR Logistics acquired CR Vanguard Logistics Distribution (Qingdao) Co., Ltd. project.

CR Beer's acquisition of Heineken has been completed, inCReasing its market value in the high-end segment to a record high.

CR Enterprise signed a strategic cooperation framework agreement with Tencent.

China Resources Beer Heineken project successfully completed the integration of production and sales, and completed the "4+4" high-end brand layout.

CR Enterprise completed the Greater Bay Area logistics strategic plan, clarified the logistics positioning and goals in the Greater Bay Area, and completed the investment in Kaida project on this basis, China Resources Logistics Kaida Center was incorporated into the warehousing logistics business management sequence; CR Enterprise and Guangzhou Nansha Modern Agricultural Industry Group Corporation reached a strategic cooperation agreement to jointly develop Nansha logistics projects.

CR Enterprise established CRE Smartech (Shenzhen) to empower the consumer goods industry and new retail with high technology.

CR Enterprise has formulated a new strategic plan, positioning itself as the main force for Hong Kong’s business development, the pacesetter for overseas business expansion, and the enabler for new industry incubation of CR Group. CR Enterprise defined a new “321” strategy on industrial layout and investment direction, which is developing and expanding 3 existing businesses of Logistic and Warehousing, Commercial Property, and coffee, incubating and cultivating 2 new industries of plant-based protein and senior care services, speeding up innovation and technology business. During the year, CR Enterprise promoted business development and organizational restructuring, which preliminarily transformed it from a diversified consumer goods company to an industrial investment platform of CR Group. Meanwhile, CR Enterprise was committed to building a value-CReating headquarters and strengthening its investment and technology innovation functions.

CR Enterprise took over the equity interest in OATLY Oat Milk held by CR Group. The equity and management rights of CR Verlinvest were transferred to CR Enterprise; the management rights of Snow Beer, C'estbon Beverage, and Ng Fung were transferred to CR Group.

CR Logistics, a subsidiary of CR Enterprise, continued to expand its warehousing scale in Hong Kong, completing the acquisition of the Tuen Mun and Fanling logistics projects, adding 620,000 square feet of warehousing space.

CR Enterprise actively promoted cooperation with the HKSAR government, universities, Science and Technology Parks, and other organizations. We have signed contracts with the City University of Hong Kong, the Chinese University of Hong Kong, Fung Investments, and Hong Kong Science & Technology Parks Corporation to coordinate resources, build a platform for collaboration, and help Hong Kong become an international innovation and technology hub.

CR Enterprise actively implemented the Group’s strategy of being the main force in Hong Kong’s business development. Our CR Logistics has acquired three warehouses in Sha Tin, Chai Wan, and Sheung Shui and completed the acquisition of the Zhongshan Banfu Project in the Greater Bay Area at the right time. CRE Property Investment, renamed CRE Property, acquired a shopping mall in Wan Tau Tong Square, Tai Po, Hong Kong, for HK$1.36 billion. Pacific Coffee Hong Kong continued to maintain the second market size within the industry and was actively CReating the sub-brands, Moojoo and Quik D.

CR Enterprise achieved breakthroughs in organizational mechanisms, research projects, and technological innovation investments and completed the equity transfer of Shenzhou Space Biotechnology Group and City Super. We took over the China Resources Research Institute of Science & Technology, set up the first three specialized research institutes in Life and Health, Intelligence and Digitalization, and New Materials, and established joint research centers with well-recognized universities, research institutes, and R&D enterprises.