Tsingtao Brewery & QSL Sports Set Charity Fund-raising Record

QINGDAO, China, August 16, 2010 - Tsingtao Brewery Company Limited ("Tsingtao Brewery") and QSL Sports
Limited ("QSL Sports") are delighted to announce that the "Tsingtao Beer QSL
Charity Fund-raising Gala" held on August 14 raised over RMB12.9 million
(approximately US$1.9 million), setting a new record for similar gala events
organized by other Mainland China sports charity funds in 2010.

    (Photo: www.newscom.com/cgi-bin/prnh/20100816/HKM005 )
    (Photo: photos.prnewswire.com/prnh/20100816/HKM005 )

The Charity Gala was co-organized by Tsingtao Brewery, QSL Sports as well
as the China Youth Development Foundation (CYDF). The Gala was officiated by
Tsingtao Brewery Chairman Mr JIN Zhi Gao, QSL Sports Founder and Chairman Mr
Kenny HUANG and Ms WANG Min Vice President of the CYDF.

The event received overwhelming support from local and international
celebrities including retired NBA player and now NBA global ambassador
Dikembe Mutombo, popular singer artiste DAO Lang, model/artist Mary MA Yan
Li, women's professional basketball player ZHENG Hai Xia and LI Qiu Ping, YAO
Ming's long-time coach.

Some of the guests have donated autographed personal items such as
uniforms, art pieces for auctioning. Funds raised at the Gala will be used to
help develop and nurture young talents at Project Hope schools under the
Tsingtao QSL Youth Sports Development Fund in support of the CYDF. In the
past 12 months, the Tsingtao QSL Youth Sports Development Fund has raised
over RMB42 million to provide sporting equipment and facilities to over 200
schools in impoverished areas to promote sports among young people.

The Gala has also set aside RMB1 million from the raised funds to provide
relief to victims of the tragic mudslide in Zhouqu County, Gansu province. At
the event Tsingtao Brewery also announced that the Company will match this
donation to help the relief efforts.

Tsingtao Brewery President of Sales and Marketing, Ms XU Yan said, "We
are touched by the enthusiasm of the donors at the Gala. Our sports marketing
cum philanthropic efforts are guided by our brand concept of 'Passion, Dreams
& Success.' We hope our modest contribution to promote sports amongst the
underprivileged children will shape a brighter future for them as well as
help promote the youth sports development in China."

Founder and Chairman of QSL Mr Kenny HUANG said, "The amount of donations
we received at the Gala speaks for itself on the level of support to the
charity cause that Tsingtao Brewery, CYDF and QSL have been pursuing.
'Happiness' and 'Health' are the key principles behind QSL's sports
development business. We are delighted that all of us are working together in
contributing to the healthy and happy upbringing of our youth."

Hill and Knowlton Asia Limited, Rachel Chan, +852-2894-6309, fax: +852-9400-0979, rachel.chan at hillandknowlton.com.hk and Agnes Suen, +852-2894-6251, fax: +852-9050-5406, agnes.suen at hillandknowlton.com.hk