Tsingtao Brewery has established a climate change governance structure to strengthen its ability to address climate change. A sound climate-related governance structure has been established, extending from the management and oversight of climate-related issues at the top of the organization to the implementation of climate actions by the executive departments, with corresponding responsibilities at each level. [...] The Board of Directors of Tsingtao Brewery attaches great importance to climate risk management for the purpose of sound production and operation, and has established an effective climate change governance structure, whereby the Board of Directors is responsible for overseeing and guiding the Company's environmental, social and governance strategies, and monitoring climate change related risks and opportunities through the Strategy and Investment Committee. [...] Tsingtao Brewery has established the Leading Group on Environmental, Social and Corporate Governance for the development of overall plan, system, policy, strategy and objectives of ESG management. The climate risk related responsibilities have been assigned to the Environmental Group which is responsible for identifying climate risks and opportunities, establishing a climate change risk inventory, managing climate risks, and regularly disclosing climate-related financial information. [...] Under the Leading Group on Environmental, Social and Corporate Governance is the Environmental Group to coordinate management execution departments such as Ecosystem Management Headquarters, Production Technology Management Headquarters, Internal Control and Audit Department, Board Secretary's Office, Strategic Investment Management Headquarters and Financial Management Headquarters for management of climate risk related opportunities.